The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1922-06-27
BANKS THROWS
HAT INTO Rim 6
FOR STATE 10 B
Canyon County Man An
nounces Candidacy for
State Treasurer to Sue
coed Himself.

81 desire to announce my candidacy
for a second term as state treasurer,
subject to the Republican convention
at Wallace, August u, 1922"
With this brief announcement Dan
Banks, the only Canyon county man
holding a state executive office, this
morning threw his hat into the ring
as an aspirant to succeed himself as
state treasurer.
Mr.. Banks is now rounding out his
first term in that capacity. He is a
graduate of the College of Idaho, a
former service man with years over
seas experience behind him and since
the war has been engaged in public
affairs, first as chief of the bureau of
budget and taxation and commissioner
of finance and, following a successful
handling of this work, he was elected
to the state treasurship in 1920 by an
overwhelming majority
Economy in the administration OF
his office has been the watchword of
Mr.. Banks as state treasurer. With
10 per cent cut in the legislative ap-
preparation to conduct the Office. Mr..
Banks has kept within the appropria-
ton and, at the same time, has handled
a greatly increased volume of business
In 1919 the legislative appropriation
for this state department was $32,o50
for the biennium while Mr.. Banks has
operated with an appropriation OF $2o.-
600. Despite this decreased appropria-
ton for operation of the office. Mr.
Banks has seen the volume of bust
ness in receipts and disbursements in
crease by $50 per cent while the cler-
ical work in paying registered war
rants has increased 348.41 per cent, the
latter volume of business being due
largely to the road program being
carried on by the state.
incidentally, the treasurer's office is
one of the few that actually returns to
the state treasury net income above
its cost of operation. During Mr.
Banks incumbency, the office has
earned in actual cash, $5.4f, for every
dollar expended. The annual cost of
the office, half of the appropriation, is
$l4,830 while the cash earnings during
the first year of Mr.. Banks term were
$SO,213.oo.
Not one cent of state funds was lost
in the many banks that closed their
doors during the recent financial strin-
gency. In addition to this, interest at
the rate of per cent was collected up
to and including the day the money in
the failed banks was paid the state by
the bonding companies.
The volume of business that passes
through the office of the state treas
urer makes it in many ways resemble a
large banking institution. The invest
ments of the state amount to approx
mately $l3,50OOO0OO and there is car
ried in cash in the depository banks
more than $3,0OO.O00.00
Thousands of dollars are received
every day in checks, drafts and cur
rency A careful record is kept of
each and every item and the money
distributed in the ia repositories In
exact accordance with the statutes
each bank being death with fairly and
absolutely no favoritism being shown
any individual bank.
So we'll organized is the office that
this immense volume OF business Is
carried on with two less employees
than were necessary last biennium.
The State Treasurer. deputy one
bookkeeper and one clerk compose the
Office force at the present TING.