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Story
July 13, 1935
Nogales International
Nogales, Santa Cruz County, Arizona
What is this article about?
Arizona state loan board attempts to refund bonds at lower interest, but Secretary Jim Kerby refuses seal, alleging hidden commission; board denies and seeks court order. Editorial criticizes Kerby's motives.
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ARIZONA EDITORIAL CLIPPINGS
Refunding Of State Bonds
Should Not Be Thwarted
By an enactment of the Twelfth legislature the refunding of state bonds at a lower rate of interest, with a corresponding saving to the taxpayers, was made possible.
Under this legislative authority the state loan board, composed of the state treasurer, state auditor and the governor, proceeded to advertise for sale a refunding bond issue bearing 3% interest instead of 4 1/2%. As a result several bidders appeared and the loan board made the award to the highest and best bidder and the refunding bonds were prepared for delivery.
At this stage of the proceedings appeared one Jim Kerby, secretary of state, who is the custodian of the state seal. His act was a refusal to affix the seal and in so doing seized the opportunity to cast aspersions upon the loan board with the thought of advancing his own political fortunes when he again comes meandering up to the public feed trough.
"I am 'advised' (by whom not stated) that there is a concealed commission of $10,000.00 in the proceedings of the loan board," writes the secretary of state. Immediately following the receipt of the broadcast by Kerby the state treasurer, auditor, and governor issued a denial of the accusations contained therein and the matter is now in the hands of the attorney general and mandamus proceedings against Kerby to compel him to affix the official seal are in the offing.
Kerby's own record of extravagance and disregard of law in the administration of the office of secretary of state does not invite confidence when he appears disguised in the role of "watch dog" of the state treasury. His communication to the loan board smacks of political envy in an attempt to besmirch its members.
The taxpayers in general will demand more evidence, to support the mere statement of Jim Kerby, before they will lend countenance to the charge that B. B. Moeur, Ana Frohmiller and Mit Sims were a party to a contract to pay a "concealed commission."
(Graham County Guardian.)
Refunding Of State Bonds
Should Not Be Thwarted
By an enactment of the Twelfth legislature the refunding of state bonds at a lower rate of interest, with a corresponding saving to the taxpayers, was made possible.
Under this legislative authority the state loan board, composed of the state treasurer, state auditor and the governor, proceeded to advertise for sale a refunding bond issue bearing 3% interest instead of 4 1/2%. As a result several bidders appeared and the loan board made the award to the highest and best bidder and the refunding bonds were prepared for delivery.
At this stage of the proceedings appeared one Jim Kerby, secretary of state, who is the custodian of the state seal. His act was a refusal to affix the seal and in so doing seized the opportunity to cast aspersions upon the loan board with the thought of advancing his own political fortunes when he again comes meandering up to the public feed trough.
"I am 'advised' (by whom not stated) that there is a concealed commission of $10,000.00 in the proceedings of the loan board," writes the secretary of state. Immediately following the receipt of the broadcast by Kerby the state treasurer, auditor, and governor issued a denial of the accusations contained therein and the matter is now in the hands of the attorney general and mandamus proceedings against Kerby to compel him to affix the official seal are in the offing.
Kerby's own record of extravagance and disregard of law in the administration of the office of secretary of state does not invite confidence when he appears disguised in the role of "watch dog" of the state treasury. His communication to the loan board smacks of political envy in an attempt to besmirch its members.
The taxpayers in general will demand more evidence, to support the mere statement of Jim Kerby, before they will lend countenance to the charge that B. B. Moeur, Ana Frohmiller and Mit Sims were a party to a contract to pay a "concealed commission."
(Graham County Guardian.)
What sub-type of article is it?
Historical Event
What themes does it cover?
Deception
Justice
What keywords are associated?
State Bonds
Refunding
Political Dispute
Concealed Commission
Jim Kerby
What entities or persons were involved?
Jim Kerby
B. B. Moeur
Ana Frohmiller
Mit Sims
Where did it happen?
Arizona
Story Details
Key Persons
Jim Kerby
B. B. Moeur
Ana Frohmiller
Mit Sims
Location
Arizona
Story Details
The Twelfth legislature enabled refunding state bonds at 3% interest. The state loan board awarded the issue, but Secretary of State Jim Kerby refused to affix the seal, accusing a concealed $10,000 commission. The board denied it, and mandamus proceedings are pending against Kerby.