Iron County news. [volume] (Hurley, Wis.) 1913-1950, 1923-05-19
STATE FUNDS PLACED IN
MANY COUNTRY BANKS
State Treasurer Levitan Believes
That Farmers Should Have Every
Opportunity for Credit.

"Since becoming state treasurer it
as been my aim to place the state
funds where they are needed most
and for that reason have dis
tributed these funds as far as pos
sible among the country banks" said
Solomon Levitan, state treasurer, in
a statement recently.
"This year, more than ever be-
fore, our farmers and our farm COM
munities have been in need of money
for their taxes and other expenses.
The farmer is having a hard
struggle
"He bought his land at high prices
and today what with the expense in
Cured in running his farm, the high
cost Of living, high taxes and the low
returns for his produce he is often in
straitened circumstances. Some of
our farmers have been compelled to
borrow money to pay their taxes
and have made only bare living.
Hence the farmers credit is a frozen
one, and consequently it has been
struggle for the country banker as
we'll
81 have done my best to place our
state funds in as many of our coun-
try banks as possible. Over 200 new
state repositories have been added.
There are now $50 banks which are
repositories of state funds. My aim
is to give every banker and every
community fair play. realize the
great service that our bankers are
performing for our state and they
deserve every bit Of help that have
been able to give them. | have
tried to administer the state funds so
as to give the greatest good to the
greatest number.
"The more money placed in our
county banks the greater the relief
these bankers have been able to af-
ford to the farmers. | believe that
the better business conditions being
reflected this year in all lines can
not help but have a happy effect up
on the condition of our farmers.
The extension of this added credit
this year may help them tide over the
period Of depression and enable them
to take advantage of better times
that are just ahead.
I'm administering the affairs of my
department is has been my aim to be
real servant of the people and to
economic here as | would in my own
business Just as an example, it has
been the custom for the Secretary of
State to prepare warrant for every
item to be paid, which was then pre-
scented to the State Treasurer who
made out check for the amount.
This check was almost an exact copy
of the warrant To eliminate this
duplication | have devised a plan
whereby the Secretary of State
makes out the check and presents it
for my signature. The elimination of
this duplication will, | believe, save
the state over 5000.
my aim is to secure the best of
efficiency without too much red
tape am still looking for other
ways to economic. am bearing in
mind all the time that our people
want lower taxes. The only way in
which we can reduce these taxes is
for every state department to find
ways to save and to eliminate un-
necessary expenses. This is an age
of progress. Things which were
good enough yesterday will not do
today There are new ways to be
found to do the same things at less
expense.
Il want every citizen of our state
to feel that he is welcome at the
state treasurer's office at any time.
We shall be glad to have our people
come in and look over our work and
if they have any suggestions to make
| shall be glad to consider them"