The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-03-21
JOHNSON AND BOND HOLD DIVERGENT
VIEWS ON DEPOSITORY LAW AMENDMENT
BY J. r. REED.


- =. ,,
'''''''>'"''' -"'''" ~
most undressing matters 81 y, va
""''"H '.'> S,"'' W $500 ,,,,.,iI ~,
H>''' "'r"'''' a.,,l
$50 !rr,.,,-rr " :
r,h,sor .rn.r, SENS To- IL, o.,,;r Il,
,.,n,-,rn-., -, rr,rr,~s h,.w.rn Treas
49, r,n,to, .,nd S,,,,. ArGito- loan =
;,,d ~, I,,.,- 80 ,,bo,,, s.,,s tina, th,
.,'.,.t .,h,r,., :. =, h,I n,, Roth
,Sn,-,, ~ ~, ,,,,,., s;,uo-
49,, . .,.,,o, .,', 81 ~, I,x which rrc-
..,.,. 49,, s,,,n 80, suror shall de-
,n'.,, ~ '.,,,.. .sr,Is
~ rr5,sr, declares that t..s j. ~
..,',,,,,. n,.ns.,,y : thn depository
,a,v. cr m, state you,d N, modern AND
,.f.,.,.r, Auditor Ecud says that on
no other hand a change would destroy
~. vr-y rf;.,,;,r double rhcck now IN
fore, UPON both himself and Treasurer
roh,son
THAT tn" law IS 0U: of date ana
,,...,. ,,,,.ndr,..n,." saws TREASURER John
,,, ,-s -, ,b,u,t,.J ,ert by a.moS.
every business man who has read 1t.
"r have scnt out letters u L number
~ The hunks and they have reported
rror ~, following pru2o~lt!unS .ur,ud"I
-, ,h..,,v. mr.. - rr,,,;cjlun Of tn, min
.u,u-, Of depository bonds from S5p.VoO
90 I0nOn S,co?d, the Placing OF =
limit u3oa a., state deposits TO the
.,nrun, of pad NJ capital stock and
>urnluS Th:rd authorizing IN" stat"
treasurer 20 dcpoxH all funds belonging
TO or under n" control of tn" state.
r,,,-.b L.,tei,r Of d.rrS,,orlc, into -
,.y, and inactive classes. and p-u> n
49,. I'm. .,r ,i,,.S, To-. drawn ON active
st, Lsr,,, ro,npuls,rry distribution
- t,,a. ,rnonr ,hn countries on An a.
- -, -, n,,,'S ana syn ., prny,s.ua
rro,lbi,:ny the state treasurer from
,,,.. y.,.L m any d.roS!,ory bank
during his term uf uft.,".
No PERSONAL Interest
: .., o,,.r.y-,,,, ~ 49,. 30 STATE
..,,,..-i.,s ,h,,r. .,r,. rtt,yn who are
,',.,r nr ,h, ,,r,, ry. WHO do not
ra,,,- .,,,. ,,.,.n,l ard one VINO does no.;
t,- -. ,bjri s.v ar,r>, the fourth
80 ,.,r nd ,,,,-.,.,,, y,np do no, favor
m. Last.
..r ro,a NO ncrsorI, interest IN the
c,,,.a n,1nr ,i,an a dr>!r" 70 ~.c the
,..''.a-s ,nsi,.ss ,,--,.J on m = fashion
-, ;, ,.,, ~ ~. larger and more
,,,''',,,..,, .,r,.,~,,j.,s Lui-!rn,y =
- r.,.-. for which am searching.
-, -, ,,,.,. u.,,r,,a make, The
j., f.,r. - TREASURER. II"
,,,,t, ,,S. -, know absolutely wEcr"
$500, ,,I,~ ~ -, states money ) at
, w.. .i..,., .i,,o r.,d.r me v-cSrr: ~yS-
$500, =. c.,, mot without golnS into CON
...r..,,... W., the auditor uaL Inspect n
49, ,oL
,,,,-. nor stand" h" continued
...n''r, ;s -, .,,ca, difference between ;he
,rora,, share Of bank deposits duo
ONO COUNTY. and the actual amount do
,,oej,.J ,,rre On February ilrSt nc
,,,ounr wa3 about $1,000 Hancock.
1.rnr,. and Marshall couaijrs also in
,hn Panhandle district. were short h"-
,,,,,., ,.,, and twenty thousand dollar
a,,., C.br- counties were proportion
r, 49,, d.,osirorlcs for sums IN cN-
.h,i- .,,re t.ndc- the proposed
,,,a,, ,bis feature would h" oh
49,. 49, ,-,.,s,r.- would bc To-
/ , >, Ln,,, M. runLs properly dis
! V",'rH =" u,ny, daily where
.
'''" ,r,,isto,s OF inc proposed
! ill., ., ,bo ,.-r,t.r mum =
""' ,. ,I rp1nriers with
DC i.,...,,s...d ,h.,n yerv very
"'''' ,;,,, mo ,,,y - = ne-cdc,,
GOO. >"'"N
pnpd'a ViOwY
! -, ,e,n,,,c ~. matter from
NH''''' ~ $500. ,y,, ,|.. bin
Nhoth'' '"@' ho o,.n IN
""G'" i N''' 49, S,.s,r,, ~
abuses lie S'EH ''''' mould Ia
"rtw'nt Variants H"',. 49,. ,bo
! SOW ana open l" '''H'N>,', ,,,,,1I Io.a
operation OF SUI" '.,ra-, ,r,u-
70 IN" state 'hVu""H"H "' - a.
ally b"rtuS" oil I"S' ''''t 81, ., .
posts, wh&" an army "I ""''''''"'
would =" r"lulr'N' nv N"'0
'Wh,ic this bill changes inc PE'H'"'
state depository law IN N'N'F'' ,"
stances. 70 some OF which there arc no
objections. the real purpose "' '"e
measure and a. ia" same time IN" h'n-
r.rouS part. which would prov" costly
nroposition % the state Is Camoui!aG'n
in section two Why any official c"u'n
want such power and authority Su'l as
j. conferred in that section Is mar" l"
understand
Under the present Law the hoard OK
public works. consisting "I the seven
elective state officers. d"SiEnat"S c'V'''t!
banks in tho stat" as d"r"%!;"rle" "i
state funds. Such banks are rcqu'r''
, t. give bond 10 safeguard Su'h !""dS'
thc bank being allowed deposits not u
exceed threc-fourthS "t n" coma. ANY
person desiring 10 deposit money IN '''
stat" treasury places IN" money !" '"'H'
repositories and Is gi:"n 4 'rr''i''N''
. Of deposit. which - l"r "'H"'H !" u"
Nlr