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CHALLIS, IDA., WEDNESDAY, SEPTEMBER 7, 1921 LAW PROVIDES FOR PUBLICA. MAY BANK IS TO LIQ. TION OF SCHOOL REPORT UIDATE; CLOSED Like all other institutions the public It is the purpose of the stockolders schools have been hit by the prevailof the Union Central bank at May, since the death of its cashier and ing tightening process of getting back to normalcy. This condition goes head, to lipuidate its assets and go who hard with the average citizen out of the banking business. This is as holds the public school system he report that reaches Challis. The doors of the institution have bee. nearest to his heart. He may be indifferent as to how go the other afclosed by order of the state banking but fairs of public administration officers since the morning of Meitz with the schools it is different. ler's suicide. They found nothing i Numbers of the best towns in Ida miss in the bank's management, how ho are struggling with present probever, except that its ready funds were lems of how to keep their schools running low. In the last published statement it was shown that there ex running. Notably among these are Arco, Twin Falls, Buhl and Nampa sted a small deficit of approximately which are rich and populous with $250 after the payment of current ex enses. communities surrounding them also Careful and conservative busines: ich. These have found it necessary to eliminate unnecessary expenses in nen are free to say that depositore g nswer to the demands that expendi will lose not a cent by the closing o ures be held within resources. Orna the bank and there is not the slight S mental teachers and unessential sul est cause for alarm by anybody con n cerned. fects have been ruthlessly cut out L The outstanding fact is that its un Taxpayers are insisting that there shall be no idlers among the teachers fortunate manager made a mistake n starting a bank in a community S but that all shall be employed all the time. circumscribed as he selected, for th institution never paid. The cashie Moreover it is insisted that the pub lic be taken into the confidence of himself drew the small salary of $12 a only per month. He became discou chool administrators by detailed pui ications of school affairs, for what ged beyond endurance and to end i ill he killed himself. He failed a nd to whom school moneys are paid and from what sources they are demany another good man has failed lived. The last legislature of th nd melancholly claimed him for he W own. state of Idaho, heeding this demand, S No further seek his merits to disclos passed a mandatory law to the same Or draw his frailties from thei nd, which is found at Paragraph 18 S dread abode, Section 46, Chapter 219, as follows: It is the duty of the Board of (There they alike in trembling hop at repose) School Trustees to make report 1g The bosem of his father and hi: in writing on the first day of July, in God. of the financial condition of their
