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Our Readers Have Not Forgotten That

Our Readers Have Not Forgotten That image
Parent Issue
Day
10
Month
April
Year
1874
Copyright
Public Domain
OCR Text

Wü gave place in a recent nuinber of the ■ to an official couimunioation froiu State Treasmer COLLIER, to the House of Repreeentatives, - aoomuiunioation in response to u reeolution oalling upon bim for ccrtain informatiou; that is, i'or the nitmes of of the banks designated ;i dopositoriea of State moneys, the Biuounts deposited in each of suoh banks, and tlie name of tho bondsineii liable for sueli ïuüiiejs, with the liability of eftoh, wliieli iTiforluatiou tho saiil Treasurer lofnsed to give. AVithout disoussiug at length tb reasons assigued by tlie Xreasurcr for a rufuaal which in other times wuuUi havu oost hiiu liis office througb impoachment, we wiih to iuvite attuntiou to i single paragra)b ; Contrary to the old praetiees in this State, the appropriations to ingtitutiona reeeiriBK mouey froiu tho Treasury for new buildings or running expenses, are not now paid over to the ofii ei s of sueh iustitutions in a lump, but are fcept iu tbe Stato Treasury and paid out in amounts as wantod, on vouchers through the Auditor General's office. Thii of it sef a (jrcat Kueyuanl, decined bij the aisdcmof the LeyishUure. The money reinains whure it will briug interest to the people, instead of being scattered all over the State and in the hands of parties who give no bonds. This explains why a eousiderable balance remaius in tho Treasury. Let us see about this " great safajiiard.' The State Treasurer gives an official boud in in tho enormous sum of $1 0,000. The nioneys coming iuto or passing through the 'f reusurer's hands for tho fiscal year endinc Sept. 30th, 187-i (ineluding cash balanco on band at the begianing of the fiscal year), aggregated thesuuiof $8,169,655 55. The balance remaiuing in nis handt) at the close of thu fiscal year, Sept. 30, 1873, was 1854,713 14, which, largo asitis.falls $122,510 50 below the balance at the beginning of the fisoal year. And these large balance are but little if a singlo dollar above the averago mouthly balance for the year. Tho balance in the hands of the Treasurer on the 30th day of March last was $1,238,3(51 02. With bail in the enorm ous sum of f 150,000 it must be a "great wfegmrd" this keeping the State institutions dancing quarterly attendance upon the Auditor General and State Treasurer, a treinendous strain upon the " wisdom of the Legislature " to devise! Suppose we investígate a little, howevor, as to tho comparativo " safeguard " of paying over appropriatious to the aforesaid institutions " in a lunip," as formerly. or doling them out as now. The Treasurer of the Board of Regents of the University gives bonds in the sum of $25,000, a sum which he probably never has in his hands at one time. Tho State Treasurer holds fast to the funds of the University as a " great safeguard," his bond being but $150,000 and bis balances from half a million to a million and a quarter. It will be said that in tion to ms oíhcial Dona tne oíate uu we furthor secuiity of tho bonds given by the banks. But will some one point us to auy law or provisión of law requiriny the Treasurer to deposit any surplus funds iu bank. He may do so, and if he does so must account to the State for interest paid to him on such deposits. How does this " great safeguard " - this gathering in by " the íutnp " and paying out in fractional currency - compare with the requirements of counties, cities, etc. 'i This county requires bonds oí' its Treasurer in the sum of $150,000, whose total rcceipts auiount to about $120,000 (largely in county orders received by collectors for taxes), and whose annual balance is froin two to four thousand dollars. And we presume that other counties oxact as proportionally large bail. ■ This city exacts of its Treasurer bonda in the sum of $80,000, in addition to which he gives bonds tothe county in the suin of $40,000. His total reccipts como within $00,000, and his nxonthly balance is grouud down ery fine. We are aware that the State Treasiwer did not fix the auiount of his bail, and that he is not responsable for its being fi-xed at so meager an amount : that is unless he was a member of the Legislaturo for 1861, before which date, however, such balances were not reported by his predecessors. The intelligent reader cannot fail to see that if the coniinunication of the State Treasurer is as vulneiable as a whole as atthepoint we have dissected it.itisaslaine as it was iuipertinent. Perbaps it will accomplish one good thing : cali tho attention of tho people to tho subject and procure legislaticn that will not provide for or permit such large balances.and also " greater tafeguards." - i --- fc-- 'J'iik Ann Arbor Ahous asks ra to teil how country papers can uso supplements printed in Detroit, " iu the face oi I'ostmaster-Ueneral Creswall's recent ruling th&t bupplements must be printed at thu office of tlie paper using them." Tho postofiico authorities in Detroit aro not aware of any sucli riciïeuloua ruling. "W ill tlie Arous teil when it was made, and whero it ïrtay be iound 'r - Detroit Post. Yes, chcerfully. It always gives us great plcasure to assist a benighted cotemporury in seareh of light, or even obtuse " postoflice authorities." ■ In tho Doceraber nuniber of the United States Mail and Pont-Office Assittant (a semi-official publieation), the l'ost may find " An abstract of rulings and decisións, carefully compiled from the official records of the departraent for Novcniber, 1873," and paragraph or " ruling" 33, it will find, reads as folio ws : " Supplemeuts to newspapers must cousist of matter crowded out of the recular issue for want of spaco, and must be printed rit and issued trom the same office of publicatiou as the newspaper m whicli they are inclosed." ïhis ruling (" ridionlous," wo admit), will subject to heavy penalties any country publlsher using a supplement printed outside of itg office of publieation, whether in Lansing, Chicago or Detroit, unless he mails them as transient matter and places a one-cent stamp upon each copy. With other publishors, and in accordance with our former practico, we should bo glad to procure and use ready-printed supplements coataining messages, constitutions, laws, etc, but we cannot see our way clear in tho face of a ruling which makes it the duty of every postmaster to " snatch on ua" as a criminal. The DEMOf'R ais gaine d a complete tic tory in Connecticut on Monday, electing the Governor by a good round .majority over both oppouents, all his associates on the State ticket, and a large majority in both branchos of the Legislature. This rpsult insures a Democratie United States Senator rice Buokingham, ténn of office will eiire oa tke 'Uh of March neït.

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Subjects
Old News
Michigan Argus