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Show QUESTIONABLE HANDLING OF SCHOOL FUNDS Hogan of Lewiston.Leatham of Wells-""VilleT Wells-""VilleT anrrTowecT3mririrTerd "l.ShouldExJJJai'n VVhy ;WereCfJun. Oy Rijr5Jireed' ?&. 'His,"" Rate than Logan Bank on their 'Own Money." """" --- (Spewul to ThoiLoBan Republican. ) 'IJyrum, Sept. -Th coramunlca (ion in onq of your recent Issues on jthjjiaconrynruijlopUbQard In placing tho county peoplo's funds in various, banki Is very timely, bu. does mil cnutnlu ull tho facts. 'ITio facts are these; The people ul Cachq county bonlleU tb.qpunt) for ii00l0(iTtol,bdlld schftOlJjio'us.is.Vl.oan is not Included in the redeeming of 'tbesa bonds. AmoTor part of (Tils IISO.OOQ will llo In the banks for six month or a year, S Ah If' arm InfanEC'd IxiwO, llhn and Leatham votod to give ?SO,000 ot (Jontlnued oit rage 4. -' QUESTIONABLE HANDLING OF SCHOOL FUNDS m (Coullnued from Page 1) cent and 4 l-2pr cent, 3 per cent to-be to-be paid on dnlly balances and 4J-2 pdr cent to be pnld on time certlfl- r , 1 It elites. , ... 1 1 1 After the motion had -been passed placing 'the funds with' the Logan, t'ank W U lower 'rate than the county banks were t tallowed, C,. C. Pijtecspn of Il)i qm. moved that the motion be 2 it-considered and that the county 9 banks be given the money at the same rate. The motion was seconded by Mr. (Irlffln of, Is'ewtou tq reconsider. reconsid-er. The coun,ty (but not Logan) redeem, re-deem, the Jlfiu.OOO bond. Yet this motion by Peterson hnd Orlffln .to give the county banks (who deseive 11 large, shnlo of (thq fund) the same rate as the, Logan bank, wns voted down by Lowe, Hogan nnd Lcntham. WHY? Furtheimqre, tho county bnuks who received only 2-."(tlis of their capital stock and were forced to pay .1 higher rate than the Logan bntik,. Wfilli: "l-'OltCKD LV ADDITION to furiitsh a boiul Tor the security of this motley. Why w'nh the Logan bank not requited re-quited o turiiidh like security? The ordinary citizen who conduct his business In a businesslike way cannot understand why Lowe, Hogan nqd, l.cath'm havo thrown. away coun-tv coun-tv funds amounting toi the difference In Interest which tho Logan bank pas and which Jhe county banks pay. This money belongs to the people, peo-ple, outside ot Lognu. No Logan citizen citi-zen pays. 11 cent. ' 'The people ' of the county hoViIi know why such fuvoiltlsin, OR THA'ri'VKt KLSK IT MAY Ilf. ' should enter 'into a public consideration considera-tion or this kind.' livery taxpayer oitt- sldu of Logan Is Involved In tills ,' ,1 ilea . , , , j -i 11. i 1 ii . - in , HYHTJMITi:... |