Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1920-06-10
ANSWER.

ANSWER.
Yes, and we have every reason to
believe his advice is sound.
QUESTION NO. Is.
Are the people of Iron County to
understand by placing the proceeds
from the sale of the 100000 Iron
County Road Bonds on deposit with
the VIM. r. Compton Company that
you haven't any regard for your con-
tract made with the County De-
positary for the Funds of Iron Coun-
ty?
ANSWER.
No, we have q profound regard for
our obligations with whomsoever
made. Our agreement with the
Bank of Arcadia Valley does not cover
this fund.
QUESTION NO. 16.
Isn't it true that the Clerk of the
County Court of Iron County had re :
ceived letters from different men or
bond houses, asking when the bonds
would be sold, as they wanted to bid
on same?
ANSWER.
No. IT is true, however, that he re-
ceived y number of questionnaires
from bond dealers, containing lists OF
questions, relative to the issue. These
were not answered because no date
had been set for the sale.
QUESTION NO. II.
We beg to ask the Honorable Coun-
ty Court if any OF. these letters were
presented to them before the sale of
these bonds?
ANSWER.
The Court was fully informed of
what had been received.
QUESTION NO. 1S.
Is it or is it not true that the Clerk
of the County Court of Iron County
made delivery and closed the deal
with VIM. R. Compton for the 5000
600 road bonds?
ANSWER.
Absolutely untrue. The Court cloef
ed the deal and the Clerk delivered
the bonds to the purchaser by direc-
tion of the Court ,as the County Treas
urer was,ill and unable to attend &c
the matter.
QUESTION NO. 10.
Under the laws of this State wasn'i
it the duty of the County Treasurer to
deliver and collect for these bonds,
and the law provides what he shall dc
with this money?
ANSWER.
While the law requires that the
bonds be sold by the Treasurer in pur.
suance of an order of Court it does
not specify that he shall make person
al delivery of same. The pr oceedi
were duly and legally deposited and
proper receipt obtained.
QUESTION NO. 20.
Isn't VIM. X. Compton, president Of
the Compton Company, aNwell as of
the American Trust Company, of st
Louis, Missouri?
ANSWER.
We understand that he is. In thai
connection we will state that Mr.
| Compton is one OF the best, most re-
liable and substantial business men oi
the middle west.
QUESTION NO. 81.
We would like to know if any ot
the school moneys of this County
were ever used for any other purpose
than that they were collected for ano
then repaid when the taxes were col.
lected?
ANSWER.
Yes, under Section 1OS58 r. 8. OF
Missouri. This resulted in the prompt
payment ia fall Of county warrants,
which bore Interest at 6 per cent.
The school funds were reimbursed
when the fuISs became available and
the accrued Interest went to the
schools. Prior to this action the cred
itors Of the county had sold their war
rants at discount, and said discount
plus the interest, became profit to
certain persons who purchased the
warrants. 1t has not been necessary
for the County to avail itself of this
Section since 1917.
QUESTION NO. 20.
What is allowed the County High.
way Engineer per mile for surveying
the proposed highway?
ANSWER.