Rensselaer Semi-Weekly Republican, Volume 40, Number 34, Rensselaer, Jasper County, 3 January 1908 — State Bank State Depository. [ARTICLE]

State Bank State Depository.

Disposition of the funds, to come under the supervision of the State Finance Beard, under thendw state depository law passed by the last General Assembly was finally decided upon at a meeting of the Board in the office of State Auditor Billhelmer Monday afternoon. The various funds have been scattered among about seventy of the principal banks and trust companies in Indiana, and provisions, for either a personal or a surety trust bond, will be made in each case. She funds will betransfered to the selected banks some time daring the first few days of January, at which time the depository law will become effective. “The funds will be trausfered by draft as soon after. Jan. 1 as possible,” said State Auditor Billheimer after the meeting. Most of the state money remaim in Indianapolis. The State Bank of Rensselaer was selected as one of the state depositories and will receive $5,000 of the state money, all depositories were approved by examination by State Auditor Billheimer.