Rensselaer Republican, Volume 20, Number 34, Rensselaer, Jasper County, 26 April 1888 — The Tate Defalcation. [ARTICLE]

The Tate Defalcation.

The amount of ex-Treasurer (of Kentucky) Tate’s defalcation, with all credits made* is now placed at $150,000. It - is learned that just before leaving Tate sent the negro porter to the bank for a large sum, saying he wanted to pay a school claim. As no school claims were due, this i 3 made evidence that he took with him from $75,000 to SIOO,OOO. The commissioners found that the defalcation runs back many years, and one of the IO U’s is dated in 1868, the year that Tate came into office. In settling from year to year Tate balanced his books for December 31 and presented his bank balances for the end of the first week in January. In settlements twelve years ago what appear to be forgeries have been found. Forgery is extraditable, and it is on account of this that Tate is believed to be hiding so closely. The IO U s amount to $50,000. One man has two hundred. Another sent a check for SIOO to meet his, and the cheek was pinned to the obligation and so will be presented to the Legislature. The bondsmen hope to get off withent paying. Several have their property in thsir wives’ names.