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Oroville Daily Butte Record
Oroville, Butte County, California
What is this article about?
The Sacramento Union criticizes revenue officers in seven California counties for paying $116,895.08 into the State Treasury using Controller's Warrants out of $199,325.49 collected, alleging speculation by buying warrants at a discount, which violates the Revenue Law as a misdemeanor punishable by fine or imprisonment.
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"That the sum of $116,895.08 had been paid into the State Treasury, to the credit of the General Fund, in Controller's Warrants, by the Treasurers of seven counties, out of $199,325.49, which had been collected to be credited to that fund."
After showing this fact, the Union makes copious extracts from the Revenue Law to show that the officers have no right to make their payments in Controller's Warrants, unless the same are actually received from the tax payers. The law makes such a transaction a misdemeanor, and imposes a fine not exceeding five thousand dollars, or imprisonment in the county jail not exceeding six months. From the manner in which the Union adheres to this subject, it evidently believes that the county officers have been speculating in Controller's Warrants—buying them up at a discount for the purpose of paying them into the State Treasury.
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Where did it happen?
Domestic News Details
Primary Location
California
Outcome
the law makes such a transaction a misdemeanor, punishable by a fine not exceeding five thousand dollars or imprisonment in the county jail not exceeding six months.
Event Details
The Sacramento Union reports that Treasurers of seven counties paid $116,895.08 into the State Treasury in Controller's Warrants out of $199,325.49 collected for the General Fund. The Union argues this violates the Revenue Law, as officers can only use warrants received from taxpayers, and accuses officers of speculating by buying discounted warrants.