The recent articles in The Times about State Treasurer Jesse Unruh seem to infer a connection between his political fund-raising and the manner in which he performs his duties as state treasurer.
The articles focused on relations with bond firms and implied that Unruh's transactions may be colored by favoritism. It should be noted that his responsibilities also extend widely to the public higher education sector of California and for us he has always been an altruistic public servant.
In the past two years, we have worked with the treasurer's office to issue $125 million in bonds to provide needed financing for student housing and instructional facilities in the California State University. The favorable costs obtained by Treasurer Unruh and his staff have served the state well and could not have been achieved were the processes not marked by open and impartial competition.
Needless to say, we are unable to offer him and his staff emoluments of any kind. Unruh has served the California State University for many years with care and wisdom and for that, we are deeply appreciative.
W. ANN REYNOLDS
The California State University