| Show W WD D sutton saves already I 1 when W D sutton the present state treasurer took over the office was turned over to him in checks for collection with one exception all cheeks checks we were re paid in full by the bank it was drawn on and in every case where the bank had furnished the treasurer with surety bonds sufficient to cover the deposit the amount was at once realizing at this time that it might cause some embarrassment care was taken not to disturb tor for the present at least any money that was protected by surety bonds it being thel the intention to deposit the money through the different banks of the state two per cent was the rate of interest required by law on daily balances but knowing interest had advanced the last year or two the treasurer asked that three per catt be paid on daily balances and it was agreed to the amount realized on interest during the month of january was which it if two per peir cent had been charged tor for the same amount of money during january the amount would have been 2 a difference of net gain to the stated tor for the month |
