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Show Will Pay Interest Inter-est on Funds Thatcher Bank Makes County Good Offer. In its last Issue, The Republican suggested the advisability of the city and county officials paying Interest on overdrafts and demanding trom depositories de-positories for public funds some rate of Interest on dally balances. The Republican Re-publican mentioned the fact that the Cache Valley Banking Co. had at one time In the past offered a fair per cent for the use of public fands but noattentiou was given the offer and no attempt was made to secure the interest that the people have a right to demand. Now comes another offer for the use of the county funds, this time from the Thatcher Bros. Banking Bank-ing Co. This communication reads as follows: Logan, Feb. 6, 1908. To The Honorable Board of County Commissioners. Gentleman: Since there is considerable con-siderable agitation going over the country with reference to the proper and most profitable manner of hand, ling the funds under the control of the County and other similar -organizations, wo are prompted to offer you two and one halt per' cent, per annum, on daily balances, for all funds of the county. In view of the heavy burden now upon the tax-payers we hardly think that you can Ignore this offer. Very resnectfallv. II. E. IlATcn. . Cashier. A It is to be hoped that the Commis sioners may ace the advisability of submitting a proposition to the varl-' varl-' ous banks' of this county, suggesting that the county funds will be given to the Institution' making the best offer for the use of the money. Other counties deposit county funds to the advantage of the county and not the banks. The ncoplo have to pay for the money they use and they should receive a return for the use of tholr money. Now, just a word a9 to the above offer. We do not belie vo that the Thatcher bank has the slightest hope of getting any county funds, nor do ; we believe the offer was made for any other reason than, to make a rival bank pay for the use of those funds. ; Mr. Hatch speaks of the "heavy bur- ' den"on taxpayers now as a reason why the commissioners should not over- ' look an offer of 2 per cent on daily balances, but in the twenty-five years the Thatcher bank had the snap the First National now enjoys, were the Thatcher people concerned about the "heavy burden" on tho taxpayers, a burden certainly not greatly less than at present? In years past money was worth a great deal more than'now, and the Thatcher bank had tho uso of a great deal of tho people's money, but did they pay for It did they think of the pcoplo at all? It strikes us that they hung onto tho city and X county funds like grim death and failed to deliver a cent for the use of It. Now, when money Is cheaper.tliey s say tho county funds aro worth to them 2 per cent on dally balances; ' . when money was higher It certainly A was worth all that to tho people, but W the Thatcher bank paid not a cent for.it. When the public looks at this side of tho mutter what do they think of tho offer of the Thatcher bank at this time. Fact Is, doesn't It look pretty small? Two years ago the Cache Valley bank mado an excellent offer for tho funds but it received no attention. The Journal published that offer and raised a great howl about republican mismanagement and favoritism but did they ever rant about do-, do-, mocratlc commissioners who dumped tho money Into the Thatcher tank and charged nothing for it? They never had the ncrve to demand the rights of the pcoplo until DEMOCRACY DEMOC-RACY had nothing to lose! ANY bank that uses county or city or school funds should pav for the uso of that money, but under the circumstances circum-stances no credit Is duo uny bank for any such offer as made above. Democracy De-mocracy once had' everything regardless regard-less of the whole people. Now they are sore, and like a bunch of Pharisees yell the"pcople's rights." It Is neither neith-er consistent nor becoming, and though the commissioners meet the present situation properly (as we believe they will) democracy and a disappointed rival Institution Is not entitled to credit for bringing about the change |