The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1919-02-05

- ,Ai. morning Intclliscncer o'a'o
Auditor John S. DurSt replies 20 S'"'
mcnfs appearing in The lhteiiiseteea
last week. in its report ot 80,
given bv State Treasurer w. >
son regarding alleged, fhEorl'.Sth ,;,nr -!
5cnosi,ing Of state funds by tn2 a",,.. auut
/, Telegram following the MAJ t't'H '.-.
- his communication. MI pa's ,,rn
-, average daily balances OF wv"
Wheeling banks in IN" haho''"S
stnto funds. as follows: ~
Ea.;ona, Bank ni West Virginia
s"sA ass for 1917: s3h.A03 for l9lS
D,l,,- Savings & Trust ConapahS-
,22 oTe for 1917: S33.3S2 for 1918.
,moun,s deposited recently as iu'-
lows: Half Dollar Savings bahA. >'o.
non. National Bank Of West Es EIrstn'"' a,'r
~ 5oa. Quarter Savings Bank. S3>.p'p'
Dollar Savings & Trust Company, S'4.-
oGn. bond of each bank S'N'""e: tpspoS' :
capacity under law. rce-to"r'hS "
hnnd. These banks. i, is pointed ",,
have bean carrying balances HF',' ic"'''
I'D to their capacity unHHr inc '""
Auditor Dars,'s communication '"'-
lows: -,
Sir: Hon. IL s. Johnson has re-
..r,,v sem tho hous. Of delegates a
;.t,cr in defense OF his hill. tnH object
~ which IS to radically change our
present splendid depository law. "h'rI'
hns stood the test for httE years "a
,his state This bill has recent! pen
rccorted back from the senate co','-
.nittee. without the endorsement! OF '"I
,ornrttter. but was reported ny 'h'I"
without Recommendation.
Treasurer Johnson sets forth IN tn'S
letter that's have loaded tho Capital CIi!
hank with state deposits and given II as
much as thftcen OF twenty coun''sS:
This Is not the fact. as the unGueStioneo
figures sworn to b.: me Will show.
II anv depository in tho stat" has
more than It's reasonable proportion all
things considered ff state funds for on"
weeks time. certainly ii is not the audi
.or'S fault or any other state officers
,orporation. or indivduarS fault who de-
nosit money. But the fault is with the
leeasurrr himself, who IS tho sole Judge
and Jury. and is tho only one that de-
yi.es when the auditor issues his war"
rants on him for the running expenses
. r.s the state government. on what oaik
no will draw his check. II" has IN"
power and it is mis- duty 70 eQual'z" the
balances in these banks hr putting his
checks on them. This is IN" balance
wheel ot tho entire matter.
submit the daily av"rag" tslanc"S in
I'VE or inc !tstuinS Utb"'Ntt't '''~ - '''''
city. covering 4 period "f f'"" years,
and you can readily sec how unjust and
unwarr,lnted his stat"m"n: is ard this
$ not all. During ,.ar; nt this period,
tho Capital City Eank Wa III" clearing
house for che state for autonoh!!"
licenses. The ulonrS WAS deposited "n'
Iay and checked cut tn: next by the
treasurer but it required IN" bank ''
secure cxtr, clerks together with "5-
change. which proved Il losing rr"i'"SiA
ton 20 the bank. and they refused -
handle i: longer. because tn" thousands
Of items Of IS each proved. instead "f a
n-otit TO the bank. Il loss Of SI5 or $lNr
month.
Every state depository has at this
time about all the state funds th"y car
carry under their bonds. som" Of t:'r
members OF tho house have asked me -
MS statements w"r" true. This Is III" "N'
cuse FOR this letter.
Tho average daily balance for thr
banks named in the last five years:
t.harleston--Cnion Trust Cc,: 1918
s41 10000: 1915. s+6.3l6.no: 1915. SiI..
ioo.on. 1917. s1c.47s.00: 1918. SI27.2SS.
k,rawha 8. & r. Co.: 1919. sac. .332n0.
;o15. ,5s.e14.0o: 1915. s2S099.ho;, 1917
343.5cS.0O 1918. s49.2S7.on.
Capital City Rank: 1913. s3S.S+I,on
1915. $50. 1920: 1915. $25.5S'.on: 1917
:6s.2s4o0: 1918. S53.5T9.n0.
Huntington B. & Trust Co: 1917. $@S.
$1,000; 1915. s126.7T3.oo.
American r. & T. Co: 1917. st6. 134.nn
1918. s75.9SSloo.
C1arksburg-Empire National: 1917
ss6. 10000: 1918. s7+.225.n9.
C1arksburg r. Co.: 1917. S3c.hcS.hh
1918. SI9.Sol.00.
Citizens National Bank: 1914. s2o,o49-