20 Şubat 1873 Tarihli The Toledo chronicle Dergisi Sayfa 1

20 Şubat 1873 Tarihli The Toledo chronicle Dergisi Sayfa 1
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0051 dir.-.. WtUa. EH PAINT. »0K, UWi stern "Vol. VII, No. 8. V :«RST NATIONAL BANK 01 w 5 GE LINK IrO Sua rth, i* TOW lU lew Oil** h-Wtit. e t« It Lake u, tUktlCM •ftu, V ItliticftL •.lasm- paaaaa|t UuVS: i. ai it l.CK» l.ot'i 4.0o & 1 .3'J C»la*b« okfor4,M nth BuriiH far Oua» i, ta4 Faraila|» aa. wtlfc 0 for W»* kla*ga las PI' TAMA CLTY. IOWA. B. A Hall, Prea. G. II. Warren, Cashier. A. L. Houohton, Asst. Cashier. Wu refe to till of o up Customers. "Tgg Now York Correspondent, Chatham Na tional liank, i Chisag) Corrospondant, Manufacturers' Rational Faalt. [l7 MARK 160X. 11. HALL, O.lI.WAItKBN TAMA COUNTY BANK, —OF— IfolecTo.' Iowa. ImiSON, HALL it WABRSH, BANKEBS Correapondenta: Ktunize Brother?, New York, and Third National Batik, Chicago. WM. od H. I* At INS, tka «|. fclFE INSURANCE 00.. OF HARTFORD. 4-QSEJT3 SIO.OOO.OOO Alt' the fallowiag paliable Fire Insurance Companies: JBtaa, af Hartford, assets $(5,000,000 tlona, of Hew York, assrta 5,000.000 MajtforJ. of Hertford, aiset* 2,700,000 frhsaaii, of Hirtfunl, assets 1,785,000 Spatial aitaniiaa will hp given to insur ag P^Rl.UMC.S, BARN'S and CONTENTS afaiam KIRK and MO ilTN1 O X* :f"UL. T30L 22* varK soaps. toilet prepara- TIOXS. 1.11 lie SMOUI.DM-MtACHS, *«., BfjAPtS.—Bt.ANK 1.* 10.i if Jl «. i I •i0i 1.4* TJI wast *4 40 1 SO a.S' 7.40 a n 6.10 a I STTTfli I.S6r*» Uri' J. norm 11.0it a ind apartW it traiu. 0WI. go, Barlhf iga, P»" kuk ria 4 Is publishel every Thursday Darken Harma.*. 1 %wieral Insurance Agent, T0LB1?0, IOWA. Itapresanta tka CHARTER OAK .£*££»• Ioo'j, HARRISON, 1 NO, for a pnfi» 4 of One, Three and Kite yi*ar», and at 0i*' law as *nj one etit fionibly givt. -bFriCE~l% Tama County Bank. fell M«a*a. J4COR TRISKft, lOLlS HITvltM. its ia Uijh id SU*» Mil Irakti. I (Saaaaiscri ie T. K. A i #|DICl*EiS, matron* ileaa la and rita'.l ritalara in sad I rc»4 Tit iii**j. A U' 'D, ui tji. CHEMICALS. I'AINTS. fa OILS, YAI1N161188 AMD DYIS UttWAt STUFFS, tAMrg, purrr, glass, k*. tc CPS I SNUFF, and OXOr^.3F1_:^. ]tC» l»Sof alt kl«4a a«l sijles, and af^fj iking iiaually krp) ia a first-jlns* Storo. m- rn vaisUa'a Praaariptioaa carafully Maapuautlai. r, lOLfew. rowA. l»KKI»S. Mv)RTA OR5, Quit Claim* anJ Jumice At the iniiisi i.ai fA.au 11. Ui» Blank 1»4 WA*T Stlpei i! ai'i.cie Ot}W ool u* y» rn and soino extra avy Flan »«la !r. ii:c Germin Mills, then call lk UNION oTOliK. Hi c. I 4!.. lM S,t). DO 1 k Oia*T •aba. tw1' Dubai" WAIT some fino suits of good .antial Clothing, some choice ries, or a lino ot best Crockery, bay them until you have ex roods and figures at the UN "TOKtt. DO Tw**°t know that the above named KMl' oiS and many others have just newly purchased, and are of §#!*•& the public at the ver.y lowest Cktt k HUH* CM ia k »." nneaota, i oa So'1'' tin s«»r sad M" iffS, at the UNION STORE, To Iowa, by the niopriotora, Wieting Bros. WH. #!??& by If vi'J strivi'y in advance the subscription prica of the /tiRi)xtct,B will be $1.75 a year otherwise It will be $2.no, and no subscription will be allowed to ma over two years unjinid. Office on High Street, &st of Tana Coun ty BsnK. Cash Rates cf Advertising, 1 Inch, 1 week... ,$ .80 month ... 2.00 1 Inch, 0 months.. 4.00 1 Inch, 1 year 6. tO Column. 1 year 12.80 Col,inin, 1 year.. 22.10 i Column, 1 28.&0 Column, 1 year. 41.40 1 Column, 1 year, 80.00 Legal advertising, at legal rntea. For thw use of large cuts and wood type an additional chaiyc. varying from 10 to 20 per cent., will be made. Prompt settlements will be expected with all time-aJvoitisers, at the close of each calender quarter. Transient advertise ments must be paid for in advance. Rankin Investigation Report In Pull of the Joint Committee of tlv& Legisla ture. To the Seriate ami Home of Uepreseii lalivt'S. JR S That, in putsaance o" said resold timi,-they called tietoie them, and exuinined as witiuf^es, in detail antl under oath, Gov. C. C. Carpenter, Ex Gov Samuel Merrill, Hon. A. S. W elch, Prof, i \V. Jones, Gen. J. L. Ixeddis, Hon. Isaac .lndt, Hon. Jno. A. E liott, C.ipt. F. U. West, p.of. A. E. Roberts, W. O. Waldron, E?q Hon. C. Close an I lLm. (ieo. W. Bas-»ett. That, in ad .liiiuu ii» uie aoove nnmeo getn..e luifl, they have partially examined under oath, the lion. Samuel E. Rin kin an that the testim-ny and evi dence givni by the witnesses above named carefully written down at the time, and is herewith submitted to you tor inspection and consideration. The committor, for tl.c purpose oi carrying out til-* spirit, as well as the letter of yom concurrent resolution, have thought pr jcr to embrace the whole time ot ijor Hankin's •ofticsi al svr\ice as treasurer ot Stave ami treasurer of the Agricultural Col lege, within the scope of their in quiries and in so doing, many inter rogatories apparently irrelevant hav« been asked, ami many immaterial an swers have bei u received an I record ed y upon a. dose and earelul ex amiiiitiou ot the whole, it will be ap parent thtt scch interrogatories might have elicited answers having a liri cl bearing upon the subject mat ter under investigation, ami that no invesligat ion would bo complete wit bout'answers thereto. The committee at tho time of en tering ti|.on its duties had every rea son id Sotno new plain or figured Opera Klaniiel, heavy Water I'root. Ikacy Scotch l'laids. Merinos or oth •r f«rvic"allt* Diva* Goods, call thou fctlhe UNION STOKE. wast some good /eans, heavy |n«i, firm Cassimerr, Broadcloth, 4k|§ak* Cloth, or Beaver—you w: ial th.m at tho UNION STORE. no WAKT the Cidehraled Whitney 9kK* for men or boys, or wool lined iiois or new style Alaska overshoes, Wai^r Proof Gaiters, Kid, Calf or toy other shoe, elbow your way into .UNION STORK. and did expect that Major Rankin liimselt would load it all the assistance and give it all tho mtor mation in his power in regaid to the subject matter of inquiry anl with the feeling thil lie was 'more sinned iig tin-I than sinning," il entered upon its duties. Laboring under this im pression, lie was calied before the comittee, and was sworn an partial ly examined, when without justifies, i or ex use ho peremptoi ily re fused to testify or give tho public further inform- tion. This contu macy and contimpt was promptly reported to the Senate and House ot Representatives, and tho matter was e«mmitted to the wisdom ot the General Assembly. The committee does not deem .Major Rankin's refus al tt testily l'urth*r as unfortunate lor the eausn of truth. It. is very soon became apparent, that all the material portion ot the evidence he did give, was untruthful, and with out foundation, and false in fact and reusnnng from what testimony the committee had received from him, it came to the conclusion lhat the wit ness had not designed from the be ginning, to tell tiie truth lhat his request at tho commencement of the session for a full and thorough inves ligation, was but consistent with that sytt ol deception he liai praclic ed for yea s, and that his proffers ot assistance were a farce, and intended only lo misl'ead the public mind. The fruits of this tedious investi gation may not assist materially in making up any deficit, or losses result ing'to'tho Agiictiltuial College from State and State lnsliluiions by sworn TIFFANY', Attorney and Counsel a lor at Law, Notary Public, Insurance Agaataud Conveyancer, will practice in all the Courts of ihe Stale. Offiea evar Firat honest public servants to pluuder jsjpeHonal Tama City. Iowa. v?-4 'thoS.tato or other public treasuries officers', Bishop 5 31 thiou^li «lpi*'«tivo laws, or the negli g' tico nf tliose whose duty it is to Kt*e existing laws ciHorced. Should this testimony have tho eftuu.t ot i-atmiiifj the General Assembly to re Vi«e the laws as to the management of the Slate finances, and the laws organizing and governing the vast pecuniary intercuts involved in the Agriculiu-al College, and other State institutions, then would the 'iommiltee consider the time and la bor ha l, and tho money expended in this i.ivrcaigaiion, not lost. As a startling poiut in this investi gation tho crunmitteo has hgl no trouble aS to a very material point that is. the tact, and the amouut of the defahaiion. Major llankin him self admits the fact, and the amount and a committee acting in behalt ot the Board of trnntees of the Agricul tural Coii,-ge, corioborato his state meni usto both. Ilmce your com mittee lias had no trouble on lhat score but has mainly confined hs in quiries lurst, To the time, place, and man ner in which th« misappropriation commenced, how it was carried oi who, it any one, was the cause of and what was the itK'ueeineni. and who received tho benefit* of the same. Second! /, At to the management of the affairs of tho Agricultural Col lego and Farm, and the disposition ot its lands. In regard to the first branch of the inquiry, your comiuittea would state that the cash delicit in the Treasury ol the Agricu'tui at College was oil tho 14th ol December, l7*2, S'i7, 393,79, since which time it lias not been dnniniseed or increased, except by the amount charged th»iat». Trea surer as interest on his settlement with a committee of the Board ol Tli" joint commit toe of tin? Smiate and Hxitse ot Iii'invft'iitativcs, to wluuh rt-l*'ttjii th« o jiH-urrt'iil i'i*«'!(ii,ion rfchvtiit.ii to tli« itllctii"! iiTis?r i»ftig m.'nt. 1 ihu Statt* FumIs TniHttu.'s ajiiioiuieil lor tliat ptirpofii* by Samuel E. Rankin, late Stale as will licroattur rnoro luily appear. Treasurer. anl relating to bis alleg ed defalcation as Treasurer of the Agilciiliural College and Farm, and also relating to the official acts of the Board of Trustees of the College,! wc'ild respectfully report The testimony shows that Major Kankin was elected College Treasur er at the regular meeting of the Board of Trustees in January, l!?68 that lie gave a bond at that time in the sum ot $7.,0lK', with ample so curiiy, which bond was approved by the Board ot Trustees aad that he tortli a iih entered upon his duller as such treasurer, and continued to act in that capacity until January, 18G9, when he was re-elected, but no bond was required of, or given by him lor that year. In the mean time In* con tinued to act as Treasurer, handling tens of thousands ot dollars until January lOih 'v. again re elected to tno same oni se Uuder this election he gave no bond until -May 4th, 1870, when he filed his bond for that year, which was ap proved. On the 7th of December, 1870, he was again elected to the same posi tion, tor the then ensuing year ot 1871, but no bond was required by tiie Board and he gave none. He was eg tin elected iu December 1^71, but no additional bend was thought ol or required until after all the money was stolen, when lie was again elected, upon the express eon dition that he would execute a bond covering his past delinquencies mil uf and the opportunities that are nfforded to necessitous or dis- TOLEDO, TAMA COUNTY, IOWA, THURSDAY, FEB. 20, 1873. aa well as future responsibilities as such Treasurer Major Rankin tailed to «X'.'ute his last bond, and consent 'fit ly the Board Ot Trustees, about the last of DiCenber. 1872, elected Dr. Jon F. lily, ot Cedar liipids as Treasurer ot the institution, who now holds that position. Tho "inniiliee are constrained to Come to the conclusion lhat early iu 18G'J Major Rankin comntenced to use uulawluliy the funds of the Col lege in his hands, for his own pri vate or special uses. ^Tlie sunn usnd at first apptar to have been small, and were replaced by him, but. only to bo taken again from the College Treasury more frequently, and. in larger amounts, to be longer detain ed, and perhaps never replaced This gradual depletion ot tha Co' '.ege Treasury was thus continued by him until about th* '25th of Janu ary, 1871, when it became entirely empty, and lie was called upon to raise the necessary funds to meet the drafts made on him by the cashier of the College for current expenses from other sources. At tho time the aggiegate amount of the College tuud-* which he had unlawfully used was a little over SiG.OOO. which sum should then have- been ill tho hands ot lis Treasurer, subject to it» draft. The College Treasury being then em pty, and Major Rankin being Treasur er ot Stale, with the control of the State funds, he turned at once to the Treasury of tho Staus as a source from which to supply the current expenses of the College aud to hon or its drafts. In pursuanea ot (his policy, he Advised his ouputv, Hon. Isaac Brandt, that the College Trea sury was exhausted, and that he would be compelled to carry Col lego warrants by funds from the State Treasury, until the College State funds whenever his no- cu saitie.s, private wants, or specula Major Rankin's defalcation as its tive demands required. Between Treasurer, hut m»y direct the atteii- he 25th day of January, 1871, and tion of tho General Assembly and ihe 6th day of July, 1872, he thus tho people ot the State, to tho loose uui-»wfitlly used moneys from the management ol the finances of the State Treasury aggregating the sum of $36,000, in which sum ho was on the day last above mentioned defaul ter to the State Treasury. On this last mentioned day—July 6th, 1872, A* er of the State, by tbe Auditor, up on a requisition signed by the proper officers ot tha College, tor the sum of $38,.U0 being tho amouut of the appropriation midu to the College, for various purposes, by the 14th General Assembly, which warrant, on the same day, was paid and ca'ii celed. At that time Major Hankiu was absent from e «iity, and the Hon. Isaac Brandt, acting an deputy Treasurer ot S'.ate took the proceeds of the warrant, and placed them to the credit ot the College in order to

make up what had been previously drawu from thd Siato Treasury in pavm'ent of College warrants. This was done pursuant t,D an nnderstand Mr. ltanki mg between Mr. Uankiiuai^ Mr. Brandt, aud1 when dour grant thereafter paid out- on College war rants, from time to time until ex hausted. This balance, together with the payments into tho College Tie.isi»ry ot the interest fund receiv ed fi'om time to time by the Treas two thousand ot which was payable in currency, and one thousand in ex change. To meet this dralt there we'0 no funds in tho College Trea sury, and Major Rankin a ain had recourse lo the coffers of tho State Treasury, from which iie took $2,000 to supply the currency portion ot the .vai ran',, and made a drift on tho Union National Bank or Chicago lor tho balance A few davs thereafter Major Rankin borrowed from tho Citizens National Bank ot Des Moines $2,00 in exchange, and de posited il to the credit oi the State, and thus made up the last deficiency. From that time thenceforth, there doss not appear any evidence before the Couimittoo that Major Rankin either mismanaged tho Stale tunds, or misappropriated (he Col lege tuuds. In litis connection it is proper lor your committee to i^iy, that Hon. Isaac, Brandt, wa» in no manner officially connected with the College lunds that during Major Rankin's several terms ot office as treasurer ot State, Mr. Brandt was hisduputy Treasurer of Stale, only, that it is owing in a great measure to lb fact that lie was deputy Treas urer of Stale lhat the Slate has not stiff •red serious loss, and the accounts between the College and State Treas .. 1 Ui Mine «i".• iricaltiv contused and eiim.trt-:iNt»eu. As lo who w is the cause, or what were ilie inducements, and \*ho re eeived tho benefits of the ntnney iritis abstracted, the committee have but one opinion. We are not un mindlul ol the high character that Major Rankin has hereto sustained both al home and abroad. We do not toget his gallant services aa a soldier an an officer in the war ot the rebellion. Nor can we fail to re member the eonfi Icikvs that the peo ple of the Slate ol Iowa have report ed in him, by electing him three times in succession to the most responsible trust within their gift, and the eonfi deuce and trust reposed in him by ilio lutecs of the Agricultural Col who unanimously elected him fitimes the ct'stodian ot the Col lege funds, and who permitted him to act in that capacity for al least three years without bonds. We have il tacts upon which to base a theory as to the causes which promoted Ma jar Rinkiii to thus falsify his record ami betray a sacred trust, other than those which are known to the world, out side ot any testimony iVithin our reach. Without that hoi esly oi purpose that ho was credited with, he also appears to havo lacked a proper judgment of men and things and without that independence and decision ot character which would enable him to resist temptation, lie was by others easily duped and led into investments and Speculations that, proved unprofitable. We havo heen unable to obtain any evidence that would point lo any one as an accomplice with Maj. Rankin in these transactions and heuce must con elude lhat it Was art abiMnnal desine on his part to grow rich by specula tion, that first prompted him to un lawfully use public lunds and once having commenced, the final result was but a question of time. of everv It may be a matter ot interest to many persons to know what has be come of the money taken by Major Raukin from tho College Treasury. All such we would refer to tho testi mony of Hon. Isaac Brandt, herewith submitted, tor information. Mr. Brandt's testimony is lull and com plete. and his opportunities tor infor mation on this subject were tar stipe nor to any man oilier than Major Rankin himself, and in his conclu sions the committee mainly concur. No testimony is before tho com mittee indicating that any person or Treasury bo.'aino replt mished by re- I corporation has been the recipient ot mittances from agents. And this S ate or College moneys from Major ag. was done. From that time until on or about the 6tli day July, 1872, Col lege drafts Were honored and paid warrant was drawn on tbeTriSW- the Josk factory, we have no doubt. ii -frflnr'-'ir' aafiite land which wm auoe in the ?at.r Tr^' tJie Gfineral Government! en i.o bonds, von lmvn taken no oath College ot about $7^00, *h»oti was and aneepteel l»y this State may not I of offic," he yielded an4 tell atid once having yielded, his peculations As an instance where the Board of Trustees has left undone those things which it should have done, we may cite tho tae.is connected with the several elections ot Major Ran kin Treasurer of the institution The law in force at the time, and ever since his first election, provides in substance, that the Board at Trus tees shall elect a Treasurer, who shall give bond to be approve-! by tiie Board, and who shall hob! his office one year. As before stated, the Board at its January s-s^ion, Iggg (dected Major Rankin Treasur er, and fixed his bond at $7 ').O00 The bond was drawn up, reciting tho fact lhat the Major had been elected for two years, and this shape was presented to the Board and approved. Upon the approval ,»t this bond, Major Rankin assumed the duties ot the office, and eontinu ed to act in that capacity for two years without an additional bond, when in January, 1870, he was re-elected, but failed to' give a new bond, and still with the consent ot the Board contin ued to act as Tresurer until May, 1870, when a new bond, in tho penal sum of one hundred thousand dol lars, was filed by him, and approvod by the Board ofTrustets. This mkin by loan or deposit nor can we trace these tunds outside the Stale. During the years 18o9 and 1870, he purchased real estate large ly, including tho interest ot Hon. A. Elliott, at the lime Auditor ot State, in the school uesk factory in Des Moines, and also through Mr. Elliott the sixteeu hundred acres of Lyon rjt ^ill be seen, that during tho whole County lands It was during this same period that tho greater portidn of College moneys was taken. That some went tor the Lyou County land, and much more wept lor and into The balance went for miscellaneous monced, in tho language of ex-Gov. I ed to the State, and by it held in purposes and to various persons who Merrill, to "spread out ', and it was I trust for the promotion and Aisserni weie ealing with him in good faith, during tins year that he commenced nation of agricultural education and and who had no knowledge, or op that series of draft* on tho "College oognate branches of learning This porti nines ot knowledge, or suspi box" which led -.o the final catastro-1 land is worth, at a low estimate, ono i. on lat the irfoney they received pho—hi* bankruptcy, exposure and I million of dolhrs. All was public funds n ,iM. I As to the seetnd branch of «ur in- had tho Board ot Trustees dom. it quires, r« The "offle,ial acts of the (duty by requiring from him a "nil Board ot 1 rustees ot the Agrteullu ficient bond, and the usual oath ot ral College,'' our information is not otlrce, hta would havo hesitated lonr, so f!,mplete nor so full as could be and perhaps never Irave yielded to desircil yet a careful examination the temptation to which he was ex ot the testim-my will scarcely fail to posed by their negligence. His convince any one that tho laws ror bond, signed by friends, his oath ot the organization and government of office, would each have been a warn that institution ought to be material-1 mg and a check upon him. But no ly amended and revised, in order such guards were plaoert around him, that the purposes tor which the mil land when the voice ot tho tempter ntlllWVll. (VVSttf nl lllnif Maa i Lk !... l.._ *1* The execution of these laws is or given, no oath of office was ad committed to a Board of Trustees, ministered, the great interests ot the consisting ot one member from each College were neglected, and he was judicial district, and the Governor, criminally allowed to control tens ot and President of Mie College, who thousands ot dollars belonging to the are r.r oJfi'i» members of said Board. Stale for educational purpose, with It is to this Board of Trustees alone out a particle of security for its o y i i o o I n hlseav/'Vo'tt *hi^rbVl« be misapplied, and Anally wasted and frittered away. were only limited by tho amount ot '1 In testimony taken by the coin- College funds which- camo into Ins mitteee wil! further show that the hands. laws that are and have been hi hav'i civ force Again, in 1871, was Major llankin '°r the organization ot tho College unanimously re elected Treasurer by u/er, enabled liim to moat all drafts ami disposition of tho various fun's, the Boa«d yot the s uno ignorance, made on him by he College cashier, have been but pa'rtially observed, and stupidity or negligence seemed to until ab ut tho 1st, ot December,'72 that in many instances they have have pervaded tile ^counsels and to wtion a dratt^tor $3,000 was received, been some material part directly havo influenced the acts of the Board violated. as therefore no bond was required faithtul execution of the laws, and From all tho facts developed in ney-General—as wa understand the preservation of that portion of tiiis investigation, tlio committee and the manner and form maybe the fund wjiieh is perinament, and feel compelled, however unpleasant presumed to be correct. The tol tlte proper disposition of those por- tho duty may bo, to say that in their lowii is a copy of tho obligation lions which are in their nature tern- opinion, while Major Rankin has taken by them at this settlement: porary ma lo himself, probably, criminally In the discharge of these duties it liable tor an infraction ot the law,1$38,301 46 is apparent that, the Board ofTrus- yet tho several Boards of Trustees Due on settlcmont to the Trustor tees has many instances, "done who wefo entrusted by the people to those things which it ought not to execute tho laws in regard to the i01J0 have done, and it has left undone College, are iu a great measure tnor- ithousand three hundred and things which it ought to have done. ally responsible for the losses sus ono and 40 100 dollars, with interest As instances wher in the Board of tamed, and should bo so regarded by t|, Trustees has stepped outside and the people. While each and every gone beyond the law, tin committee member ot the Board of Trustees iu T|H, above cites the expenditure by it of large office at the time, find every officer of suirisoft.be interest fund in the pur- the College should be held to some chnse of improved and unimproved extent liable at the bar ol public lands in building a residence tor opinion, for the embarrassment oaus the President of the College, at a ed and losses sustained by the defal host to the fund of $12,000, and the: cation ot the late Treasurer, yet wo •-xpendit tiro of large suifis iu repair-j aro constrained to say that some ot ing the lieaied aparatus o the Col them should be hold to moro rigid lege buildinii, and tor other purposes i accountability than others. About not only in violation of the spirit., but mid-sununer, ISG9, the then chief ex i,UrnM'tYn',?fliW .f'lVe'tffrrn iTtVih'unt! ot ex oj}i:io member of tbe Board of the interest lund thus expended, the Trustees, had his suspicions aroused, commit lee tor want ol time, and for and opened a correspondence with want of access to all tho books of the institution, have been unable to ascertain with exactness but they think that the sums thus misappro priatod in violation of law, and in violation of sworn duty, will approx imate fcM.OOO, and perhaps exceed the President of tho College, aud Secretary of the Board, in regard to thu official bonds of the officers. In this correspond'-.tiOJ ho received in formation which should have led him. as Governor of the jState, and a member of tho Board of Trustees, lo that sum. These misappropriations act piomptly and en. r^et illy bin havo been going on. more or less, he let the matter drop, anil we hear year from 1868 down to the no more of him in this connection un present time, and unless the General til sotno time in December, lb72 Assembly shall interlero in some effective "way 'he whole inter« s' fund may ultimately be diverted from its l-»gal and legitimate purposes- It will not do for these gentlemen to say that they were driven to this course Ironi necessity. No neces sity will justify the violation of the letter and spirit ot thu law. in a State where law is supposed to be su jireine, and where officers take a solemn oath to support the laws and live wp to their requirements. til sotno time when, at a meeting between a coin miit.ee of tho dollege. Board and Major Ra.ikin, he very innocently told tin that the .responsibility was theirs, and they must, "shoulder it (See ex-Governor .Merrill's tesiimo ny.) The President of the College, •y.) although chief executive of the in stitulion and its laws, aeetns to have naid but little or no attention to the warnings he had received frotn Gov ernor Merrill. Tho Collego then had plenty ol money, all drafts were duly honored, and the President seems to have thought it no part of his duty to see to the satety ot tho fund from whence his supplies were derived.— Tho then Secret ry of tho Board, the Hon. II M. Thompson, was also, in tho opinion of the committee, dere lict in hi* duty. Ho was the proper custodian ot the Treasurer's bond,his attention was expressly called^to the tact that tho bond then on file was tor "last year"— 18oS—and not tor 1869 yet he does not appear to have moved in the nutter. He neither reported to the Board ot Trustees,to the President ot the College, Execu tive Committee, or any member of the Board, the information that he had, but allowed tho Treasury to take care of itseit. Iu laying the chiut responsibility for Major Ras kin's failure to give bonds in 1809 and 1871, as College Treasurer on ex Governor, tho Pi»esident. of tht College and Hon. Hugh M. Thomp. son, we do not mean to exonerate Irom blame the Trustees ia office at the time. They each were sworn of ficers, each had a duty to perforin be sides that of receiving regularly tneir mileage, and each ono should be held accountable for an ignorant or wiiltul neglect of du y. whs the last bond executed by Major Rankin, and it appears to have been entirely lost sight of by the officers and Trustees of tho College, and was only diseovui-ed and brought to light by the exertirm# of this committee, assisted by Mr. Roberts, Secretary of the Board ot Trustees, when the committee was about ready to sub mit to vou this roport. Major llankin was again elected Treasurer of tho institution al the Deoember meeting ot the Board ot Trustees, 1871, but no bond was re quire'! ot, or tendered by him. Thus of thd year 1859, he was, by the criminal neglect ot the Board of Trustees, handling large sums of money without bonds, and without tbe authority of law. It was during tbis period that 5 Msjor Rankin eom intended to bo honorary its char aeter, and tho committee is ot ihe opinion that the "office should seek the man. and not tho man the office." Men should be chosen tor that posi tion th pi'-- Hence, wo recommend lhat the law providing that one Trust, a be elect ed trom each judicial dmtr.ot be re pealed, and that hereafter they bo se lected from thoso host, lilted, where ever found within tho Stato. The en should ,,0 chosen tor inaipo. i# on who hav pt istv 0 State has now invested in the iusti tutiou tha sum of two hundred and sixty nine thousand and five Hundred dollars, besides the two hundred an I ijo iars, nest-res me vv.- mnenv fertv thousand aoret of land, i-jnat-»MU on mitkpans.. J&£mmlh6XN»mSfi Whole No., 32a this v.'iat sum ot more than a million am) s a quarter of dollars is intrusted to th« management of a Board ot Trusteus, Who have generally been chosen on account of locality, and by reason ot some local political influence, or irt^. portanco. They come together t\VO or three times a year, spend a day tit two. ratify the acls of the Exectiutf® Committee or President, draw thelf mileage and go home, without really knowing, or careing lo know, miit|h ot the inner workings of ttie concer*. If. is, however, proper lo say, thsfc when the astonishmmo nat ion created among the members of the present Board id Trustees, by the first announcement of the defal cation of Major Rankin had passed away, it acted with commendable promptness and energy. A special committee consisting of Hon. II. I. Noble, O. II. P. Buchanan and Hon. C. Close, was at once appointed and invested with plenary power to proceed to Des Moines.and secure the fund. In performing this delicate and responsible uuty they di 1 all that could In done they set tled with Rankin, took his obliga tion for the amount of the d-ficit, and an assignment of all his real and personal property, except household furniture. This was done under the advi.'e of the Governor and Attor- Decembbs 0f a 14th, 187S. tho Iowa Slato Agricultural Col- ,„| im lil0 o{ lirty er0(in at l0 rato 0 8ev n Cl nt tM annum from date until paid.— amount being the bal ance in my possession as T.-easirer of said institution at. my settlement made vith said Trustees this day.— Payable at Dcs Moines, Iowa. SAMCttL E. IiAXKtX. To tha members of the Board of Trustees who were ulec'.ed by tho t4t.li General Assembly wo do not attach any biame lor Major llankin's iWu'wi toe iiiU'is oi tl'.'e College.—* But wo do think they should ^n, in common with thu rest of tho Trus tees, hebl responsible tor the hasto they male in settling with Major Rinkin, aud taking property of un certain value to make up thu deficit before they made a thorough search for any an I all bonds execute br the Major as secuiity lor the fund.— Whether this settlement will estop the College or State trom pros cu ing and recovering on the bond of 1870 is purely a legal question which wo leave the courts to decile. From all information in our possession, we fell assured thai neither tho State or Coll ge wid ever nalizt more than fi ty per cent, of Mijor llan kiu's defalcation out of the proper ty tuned over by him to the Col lege, and that unless tho balanco can be made from the bond of 1870, or from his bond as Trersurer ot State, it will be lost to the people forever. In conclusion, wo may bo permit ted to say that wo heartily concur with the President ot tho College and Prof. Jones in their ophaion as to the necessity ot a conipl -to revis ion of tho law orgin'Z'ong and con trolling the institution and its prop erty, and the committee would re eoinmen 1 the sain to tho General Assembly. That something should be done to preserve ihis vast fund, and to cause it to he administered iu accordance with the design of Con gress and laws ot this State, wo have no doubt: but what shall bo done, when done, and how done, we le.iva to the wisdem ol tho General Assem bly without recommendation. All ot which is respeetlully sub mitted* Jon* Shank, J. L. McCormace, On the part ot the Senale, JAS. IJ. WLLI.lAXS| Wm. C. Evans, FRED. O'D INSELT.. On the part -f the House, A Spanish correspondent of aa eastern paper, in speaking of Europe an Masonry, says lhat "the Lodges ia Spain are tar behind the work done iu England and America. I visitod two in Paris, both working in the first degree, and I need not say for the benefit of my brother Masons i rn„nflt(.0 tho! tno ount'nt or iny «rowi»r ^uK ^at I haro yet to see any Lodges to i I n i s o a e w i n o s o i n A e a I iunsoim compare I made an exception I would do so favor ot thoso in Scotland Rite, who do moro practical work than wo d#j and are moro attentive on meeting jailmg u rai 0 a La ,] g9 ai In London the Jerusalem is ihe bett, The editor of a newspaper in Gar many has been sentenced to four months' imprisonment tor publishing a poem onlitlod "The Battle witn God's Church IF the poetry was bad, he deserves t. Halt the people who write poetry should bo promptly imprisoned tor it. Chicago Journal, Dickinson county kfii'ls ooasl dolfil 1 •a

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