FRANKLIN HOUSE, NKw YoRK,1


Nnv II 1914

JAMES GORDON BENNETT, ESQ =
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JAMRs GORDON BENNETT, ESQ
DEAR SIR:-


In the money article contained in the Herald OF
this morning, in relation 10 the finances OF the
state OF Ono, find the following pare graph: =
The Commissioners OF this State have been
obliged to borrow money to meet every payment
OF interest made, and they are now in this city on
business Of that kind"


am the only commissioner of that State now
in this city, and my visit here has no connection
whatever with the finances Of the State OF Ono,
nor is that State under the necessity Of borrowing
any money TO meet any payment OF interest to be-
come due on its public debt, her revenues app-
cable 10 that object being ample, and will produce
this year a considerable surplus beyond the amount
required, and greater than any previous year. The
debt of the State has not been increased at any
time heretofore, by loans, for the payment OF is
lerest, such payments having always been supplied
rom the revenues from her public works and taxa
ton.


Having been misnformed as to the purpose OF
my visit and the necessity Of the State, 1 ask Of
your candor the insertion Vt this note, that tn,
erroneous inicrences drawn in your article as to
The prospects OF the State may be corrected.


Very respectfully,


JOS $. LAKE,


Com'r Ono Canal Fund