The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-05-17

Balance on hand 1855 o.
The Chair-I ask the witness if the Art Union stood
square at the commencement of the year 1852
At had floating debt of $4,000 and upwards
against it.
the moneys received and expended.
The Chair-At the commencement Of the year 1852
A-The floating debt carried by particular mem.
bers up time Of selling the pictures in December
to the amount Of $96. 10o
endorsements?
A-There was; Mr.. coz1R and ". H. Appleton ad-
The ChairThen in 1851 the institution was solvent
and the subsequent sae of the real property paid
plus all its debts Of on the building account
The chsrMrhen hereafter, for the purposes of this
investigation need not back beyond tho year ISL
Then the year 1851 to the present time the transact
count has 500 OBJ 81 This amount OF receipts is
since the last drawing Of the Art Union including
se6 loo for an,S smG%n o. ,h Was
you received SOC $685. and from the sale OF pictures
IN amount Of ss4 ss5 Ss and from the sale Of Ban
the cost Of the Bulletins.
Witness-Yes sir.
The Char-Now in 1851 the actual transactions Of the
Art Union amounted to upward Of exclusive OF
the endOrsements2
The Chair-Ten you have expended all this during the
hast year2
Witness-Yes,
The Chair-what is the amount you have now on hand
against which there is no claimY
Al have 81 600 on the building account.
The Chair-Who owns this building aocountp
Alt belongs to the subscribers of the sent time,
according 10 the constitution.
The Chai1-Wn you give US list of the members for
1852
Al have not gcs a list here.
The Chair-Heg many have subscribed?
Al think about thirty.
The CharHave you advertised for subscribers for this
A-No, sir because have nothing to offer them in
return wish to make explanation about the control
of the building fund.- it s devoted to promoting the in
terests this country 1t does not belong
the members Of 1851 the result Of the Art Union
is about the It at the close Of the year 1851
The Chair-When did your salaries ceaser
A.-They stopped last August
The Chsir-Mr Austin, in August last, At the time
when you dismissed your clerks had you then recsg
decision different from that pronounced in the lower
Court would have then possessed enough to qudato
al your debts and have a drawing9
A-No sir, we would not IL would have taken all
the property Of the Union to pay its debts. :,
The ChairWi you explain how it was, with no greater
make dist ibuon in the latter year in the former?
AYou will perceive by the report Of 1850, in making
1905 which, added the debt of ls49, which was
80 O2 made amount quite large enough for the Com
would has 20 the had distribution been made in
1851
$50, 600 in 1851 by distribution2
A-Decause the pictures in the catalogue, and others
intended for distributions purchased by indiyd mem
-
the Subscribers to the amount OF s2O, COO
Here desultory and promscuous conversation ensucd
between the comm toe, counsel and reporters and all
Others in the roo each debating and asking and giving
explain aons for the disbursement Of 500 coo during
the last year for merely supporting the institution. At
tie close of this exercise In the Investigation each
fortunately less enlightened in regard to
the absorption of the Sl0s 600 than they before
they upon the hercuean task of It's explanation
We yet give readers greater satisfaction
the outgoes Of the Art Union than be obta ned
from the inspection Of the Tessurers report published
at length in the HERALD OF Saturday Iast
Upon resumng the investigation, ME-. Fullerton asked
Mr. Austn-Whet do you know in regard to compen-
eating members Of the Committee Of Management for
their services?
Al do not know OF any membe- of that committee
Jaceived any compensation for his services.
Q-Wbat the compensation paid to Mr.. Hoppln forp
A.-For editing BnlhE, reading procf, &c
Q--WhAt did Mr.. Duy chick receive money for
Alt was for advertising in his paper.
Mr.. Fullerton--That is all.
Mr.. Shannon cross examined Mr.. Austin.
Q-What were the exact receipts Of the AIT Union from
the subscribers for 1852
A.-They were 500, 459 SO.
Q-Nhat we're the actual OUTLAWS and expenses Of the
institution for the year 1851, without the abitesY
A.-They were 500, 949 81.
Q--How much Of that amount consisted Of paiu tipgs
purchased in that year for distributon2
Alt was Sal, 32l 582
Q-Wbat was the baancep
ks-$54, 628 rs.
qeL-state the particular items of that balance
--xost Of "Mexcsn News" plate, S6,744 So: Gal
lery Of Art 1856 2s; epgrayings Of former years,
1851 s3o0; e pcr the income Of 1884, So 34 %
rent, "a, 400. IL all 500, 500 "a.
Ms Shannon--fSs leaves q balance Of "a, 267 ~.
WhnsssThat balance has been expended IN salaries
egal expenses, &c.