Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-07-15

"Why, no! Gentlemen can't expect me TO get the
deeds of piece of property before l paid a cent
for it, shall get it, however, as soon as pay the
money for it,
Brother Hallock again rose and exclaimed, A" Well,
then, we shall have TO trust Mr.. Hale good deal /;
how do we know If we subscribe the 80 800 to him,
that we shall be secured or how do we know that
after Mr. Hale gets the deeds into his hands,
that he won't get in passion or get offended with
and turn round and exact such things as we can't
comply with.
David Hale again lau ghed and said" Well, gentle
men, really don't know how you're a going TO get
over that difficulty. You must trust me considerable
in the business, and don't know any body that's
willing to trust than the person who started
the subject Pm willing 10 do what's right. III
pay twO-thirds of the purchase money, remember;
and I'll subscribe s. 900 towards the S9.JO0 but
must have help for the rest I'll give mortgage
fer the So 500 on the propcrty and, then, lift shou
hereafter be sold and bring anything S25 900,
the balance will go to pay those who loan the
SIS, 500 now. don't want the fee of the property to
remain in me, because they'd say Pve got some
scheme for relig ion on foot and that'll spoil
it, want TO secure myself however, and Pi put
the fee in the hands of perpetual trust appointed
by the congregation, or in any other way that may
seem best. KNOW that if retained the fee of the
property might be tempted to do many things that
don't think OF now; and don't want 10 trust my
self; don't want he led into temptation; know
I'm Just as weak and fra, and liable 10 err, the
rest of my fellow creatures and want to put ii out
| Of nv own power TO do any thing ridiculous in the
| premises. | know NAV die, and l don't want to
leave the matter to my executors; know that am
as liable 90 crazy any body else, and so intend
to part with the fee soon as therei time to con-
suit how to make proper disposition oft
Here another stranger rose and said +" but should
like to know if the $500 to be subscribed, is
to be loan to David Hale, are the subscribers to
be considered pro rata propretors"
David Hale again smiled and said, why gentle
man, have said that you must trust me some in
this matter. At the same time don't want to trust
| -. Inla n. ..
cnIation I'll pledge myself that have desire to
do SO; its true / might alter my mind, go crazy,
and therefore, IN place the entire ownership in
trust as soon as there is time after get the dee
shall make nothing in this business but trouble and
loss. 'Tis true that have had a sort of idea run
ming through my psor BRAIN may be dreaming,
perhaps or | may not; can't tell how it'll turn
out; bat should like to see another church grow
out of this in way or other sort of entirely
new church; and think it may be done by the $50,
600 $4,000 profit the sale of the pews of this
church. S50,000is very low estimate for the sale
| ofthe pews; this money would be all profit. don't
| want to put il in my own pocket. | should like to
see a new church built with it"
Stranger-What kind of church would it be, and
wherel
| David Hale (smling)-Why that would be an af-
ter consideration l don't want it to be my church,
because then they'd call it David Hale's Church,
| Gall laughed GLIDING the two negro wenches) and
that would kill it directly, like the man in Brook
Ign; they call it his church and that kills it.
| Aeother Stranger.-But how do know that
| the OtnCr mortgages WOulu not De IOTeclOseO!
David Hale-Why, because all but the $500 and
the 500 mortgages are eXtinguished by the
Chancery sale TO me- In regard to any clam on
the property, hey excluded by law by the fore
closure ofthe second mortsageof S2S 800, for which
| the building was sold
Stranger.Istill don't understand how Mr.. Hale
means TO secure the subscribers l can see very
| well how he means to secu e himself
| David Hale-Why, propose to receive sums not
less than $50 or $780, amounting to $3.50. For this
amount will issue bonds (say $50 or 500 bonds, }
to the subscribers, TO be redeemed at the end of
years (and they III all be redeemed before them and
these bonds to be received in payment for rent Of
rooms, or hire Of the Tabernacle, rent Of pews.
or any monies due to the owners of the building.
would give the subscribers joint lien the pro-
perty this loan and the trustees shall
ceve all money arising from the of the house,
cept for religious worship weekly and appropriate
il to pay charges and interest on the whole; I'D
give nv bonds or notes for the $500 loaned te me-
Oh III secure the subscribers but then gentle men,
You'll please rene rlber that I've got to pay
thirds of the whole myself, and want to be secure
too.
Brother Hallock-Still, how are we TO know that
| Mr. Hale wont alter his mind and get offended with
US, as he has with some Of the cergymen before!
! Lewis Tappan-Oh, If l understand, MIR. Hale
| the whole thing is Ia be done in the most liberia
manner imaginable. The building is to be let with
out the least reference 70 sect or party Aboonists
Of course, included.) Last year the trustees light
have made 81 900 more in letting the building il they
had been more liberal. (rhey refused 10 let the
Abolitonisis have the use of it, When there wa.
a talk Of selling the building, committee Of the
congregation met and discussed the propriety o
buying the building; but they hadn't confidence ia
the capability Of the persons who managed the pro
perry. The subscription now asked by Mr. Hale
would be very wise expenditure Of money; and
even if this $1,000 was TO be outright gift, il
| would be CONNIE ndab'e, rather than that the build
ing should be appropriated TO any other than Chris
| tian Purposes IL would be perfect madness to de-
| cline so liberal offer that made by Mr. Hale
| Ii is much more feasible plan than thought h,
would be able TO bring forward. Why this is
most wonderfully cheap purchase. The Methods
| Conference set one Of their best men TO examine
all about the property, they thought Of buying il
and he reported that il they got IL for thing unde
! 100000, they would buy il very cheap. Why n,
one thought il would sell for less than s45 900
There were two gentlemen who had mortgages fol
S3,OOO, and s 800 besides w Green's mortgage o
SD, 800, and the other OF $500; aud confden
were they that the purchase money would cove
their claims that they did not attend the sale to bid
| Onc Pearl street merchant, who had a lien al
| $4,000 for money lent the 5000 mortgage, wa
offered $1,000 for his claim few days before tn,
sale, and would not take il; and he lost the Who'll,
oft move that the proposition be approved, ano
! that subsc riptions now be opened.
After little delay and some smiling, this wa,
carried.
paper was now drawn up, with the followin.
| caption
! I'VE, the subscribers, agree 10 loan TO Davic
Hale the following sums set opposite TO our respcc
tive names. The said loan 10 be secured by licr
on the property, and the income II the same to b,
hereafter arranged by a committee to be appoint, &C
BY the subscribers"
The Chairman read this, when David Hale again
rose ard said, "fou can put my name down TO
| evr;s Taonap tho, banded the n,,cr ro,,l an,