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Show ' INTEREST ON PUBLIC FUNDS. While ttcorge J Kelly was a mem br of the state senate during the sea -um of 1913, he fathered a bill which became a law requiring the state treasury trea-sury to exact of all banks where state funds were deposited not less than 2 per cent on dally balances A few days ago Senator Kelly wrote the state auditor, inquiring as to the amount of interest which had been re turned to the stato as the direct re-st, re-st, It of his measure. Mark Tutte, under date ol Januar i said: 1 have yours of Janitor) 6, rcquepi tag information as to the amnuni received re-ceived by ihe stalp of 1 lah from ln-terst. ln-terst. on stute fundt.. and I bpg to :idvlte that I have prepared a tlale 1 ' mcnt of the receipts by years and sub mit the same herewith. j "Interest on siate funds. $13,471.03 1M 19,496.60 T915 25,181 05 I 19i6 IMfT.18 1917 22,185 94 1W1 37.356.92 19M 42.699 16 MM 1920 51.815.00 I Total ..$247,680.80 "This indeed was a meritorious mea i sure and you are entitled to full credit for the enactmont of this law." j Today not only state but county and iiy treasurers exact Interest on dallv deposits and hundreds of thousands of dollars have been made available for public purposes by this requirement. Bu; It was with difficulty that our leg- I islators fought down the opposition i which arouse when first it was sug gested that public funds on deposit In J banks should bear interest. |