New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1856-02-11
THE nIeDoNoGH ESTATE.

III THE DIeDON0GH ESTATE.
The report Of the Commissioners and Agents Of The
McDonogh Estate, with accompanying documents
may be found under the official head Of this morning
paper. The amount Of discussion the matter has re
ceived in this city and elsewhere, owing to the amount
and Importance Of the beduest, renders the report
paper of more than usual interest and Importance.
The Board consists of three Commissioners Of thlsclt
and three for the city of Baltimore. Their report IS
presented in four documents; No. memorandum
ofthe estate, ut present in their hands; No. 2, the
receipts and expenditures Of the general ESTATE, from
9th of March to slst December, 1885, No. y, the
rentrol Of the general estate from LIST OF November,
1855, to 31st October, 1856 and No. q nlemoran-
dunn of rent notes. leases etc. etc. on hand Tor pro-
perty leased for period longer than gear, and fall
ing due in 1857, 1858, 1859 and 1860 BY the first
document we learn that the appraised values Of the
entire estate in land, slaves, money, etc. amounted,
in all to tile sum Of two millions two hundred and
seventy-two thousand four hundred and six dollars.
Since the commencement Of the administration
there have been received from two parishes not i'll
cuded in the returns Of the applaisenent of the Ex-
eoutors, the sum of $3os 900. Some other returns
have not yet been received Of the property in the
valuation will be completed S Ala ,@.5
The slave account has been retained at $50 0Oo the
estimated value of their time up to the fifteen years
after thetestators DEATH when they are to be freed
and sent to Liberia. The theatrical properties stated
at SIG 1852, is subject to some dminuition, as being
leased with the theater they are impaired by time and
Use. ags Tt5 55Ez "
Of the balance Of bills receivable and book debts
$2l6,363 Il set down as utterly worthless, With
out abandoning the whole, ($66951 So has been en-.
tered on the books as collectable and $50 having
been paid on that account since the administration
began, the Commissioners now return $37IGS of
hopeful sold bills recevabe;" and 2l 4O3 of old
book debts in a similar condition. :5a5 H@
The cash in bank has been deposited in the Branch
Of tue Louisiana State Bank, bearing three and one
half per cent interest. 14-
Among the assets are judgments against the city
amounting to 200 independent Of interest for ex
propriations of land for public park and for open
ing Philip and other streets. One of the expenses on
the estate, occasioned by supporting fortysiX unem-
ployed negroes, has been removed by apportoning
them among the estates and hiring them to parties in
the city so that now their services will render them
source Of value and income, rather than tax and
needless drawback.
The services Of a superintendent of wood cutting,
to prevent needless loss the valuable lands in the
vicinity of tie city and Of secretary, in accordance
with the requirements Of the WILL have been secured
and found highly useful. ..
The rent-roll, containing the leases for one year,
from the 3lst Of October, shows the leases to be
chiefly located in the First Second and Third Dis
tricts, and the parishes Of Jefferson and Orleans An
exhibit is made of the rent notes, leases ETC.. on
hand, Of which some were made by Mr.. McDonogh
and his executors, and some by the Board. The long
est will expire in 1860 but these are all Independent Of
the annual leases. 1t is suggested in the report that
if the city business had been better for the past
year the exhibit would have been better; but the
fact Of undnnishel rent1oll affords no cause fol
dissatisfaction on the contrary, there is cause fol
qualification in learning that the rental has been
raised to $61 ,010 SO. 49,.
The unproductve estate affects the revenues Of that
which is productive and of the former class there is
estimated to be SS90,359 co. The expenditures alone
amount to $3.50 So, while the revenues are only
81 LOCI As, leaving burthen of 81 1875 Oh. ID 4.
Litigation concerning the estate is not even yet en-
tirely ended. There are four actions now pending
the heirs Of Oliver FL Spencer; Sarah Greenwood ct
al; New Orleans VS. Baltimore, and the Society for
the Relief Of destitute Orphan Boys all claiming We
rious egacies and sums, which in the aggregate ser
ously affect the integrity OF the property.
The cash on the 5lst of December 1855, amounted
to s75,697 ESQ small sum that the Board has de
tel1nined to make no effort to distribute it more es
pecially as Judgments in the cases alluded to woult
swallow UP the whole amount on hand, and make
loss Of the capital for the purpose OF paying its debts
which would not agree with the intent of the testator
Other reasons have strengthened the same opinion
and led the Board TO act upon it. ~. + -
| The documents appended are of the highest inter
est as showing in an epitome and condensed shape
the body of the whole matter. From it we learn tht
whole valuation Of property to be $2,272 406 05. The
receipts for 1855 are set down at $l07,S26 10 thu
expenditures at $32l2S 50. The rent roll is SCI
010 80. The rent notes and leases on hand of pro
perty leased for longer period than one year anc
falling due annually to $780, amounts to sG6,957.
We have given thus, in a condensed form, th
outlines Of the report of the Commissioners Of TIL
McDonogh Estate for more minute particulars W.
refer those interested to the report published il
another part of to-day's Crescent. a.. .5.u- ..
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