The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1858-08-25
CITY LNT'ELLMENCE.

MCD0NOGH INST
! TUTE-A meeting of the Board Of Trustees of the NJ
l'onogh Educational Fund and Institute held yeste
day afternoon in the chamber of the First Branch of tn
City Council, JOHN W. RANDOLPH Esq, President in tn
chair, pr. WM. G. KNOWLES, Secretary.
The proceedings of the previous meeting having bee
read and approved the roll was called and the foowin
members of the Board answered to their names-eigi
being absent: Messrs. JOHN W. RANDOLPH, Jos. j. PAR
ROTF, JOE SMITH Jr., WIN. F. PENTZ, and MARCUS DEN
and Drs GEO IERRYMAN WIN C. KNOWLES, an
GEO c. NJ RonERTs, and Messrs. EVAN T. ELLrcorr WV
ARMSTRONG, WIN. II. HAYWARD and ROBERT LESLIE.
DIR. GEO W. MERRYMAN, from Committee appointed
Mt previous meeting to report rules Of proceedings
meetings the Board submitted their report 1t pro
vided that eleven members shall constitute a quorum
The committee reported rules of oer those governing
the Board of School Commissioners.
motion to lay the report upon the table, and have
printed, adopted.
The President then announced that BRAyTz MAYER and
GEORGE PETRIKEN Esqs the agents of Baltimore in the
settlement of the business pertaining to the MCDoNoGl
estate present and desired communicate with
board in that relation.
Mr.. MAYER here addressed them He commenced his re
marks by saying that, the ordinance of the City
Council existence this board of trustees and
agency which he represented 1t was well that some mu
tual understanding should exist between them, with
view to the proper discharge of the duties it had entrusted
to them; and myself colleague have received in
tellfgence that the board desired and was awaiting
muncation from us, we are here with that view. The
ordinance enclosed provides in the fourth clause
of the first section that shall close up the estate and
hand over board the amounts accoung from such
! settlement.
This so infinitely defines our relations that in this
particular there but little else required of me than to
bring my remarks to an abrupt termnation-as ord
only enons upon dispose of the property and
place the funds at disposal But as you have
cordance with the will of Mr. McDoSoGH it is proper
you should know the actual position of matters pertaining
to the estate. As yet, there funds in hands
Being appointed originally by the executors Of
the estate the part of Baltimore, much information has
necessarily into possession and the board de-
sres to be possessed Of the here to endcavor
to furnish it to you.
Although there yet no funds in possession,
there account in process Of settlement between the
Baltimore and New Orleans which probably will
in the course of few months place funds in our
| hands.
great portion Of the real estate held by the deceased
property and in such portions of the city that
entire closing of the business thereof by its SALE with
out reservation in point of time would result in consid
cradle sacrifice. There was but little money left by Mr.
| McDoNoGH, and limited amount in bonds, while the
debts outstanding against him were considerable For
| some two or three years succeeding his death
haassed by law SUITS the principal one of which
brought by of his descendants to break the WILL and
which, though unsuccessful enailed considerable expense
upon the estate. OF the number OF suits which
brought only two three minor declared
valid by the Courts
In the year 1885, when the estate the hands
myself and Messrs EMORY and PETRIKEN the part of
Baltimore. united with the agents representing the
city OF New Orleans and from that time up to the last
day of June have yearly laid before the authorities
here in detail all proceedings had during the preceding
IatVe 10 the estate AT the time OF the death OF
Mr. MCDoNoGH in the fall of 1885, the administrators of
the estate took possession Of the same and caused ap
praisement of it to be made when it set down at 81
OS6,S74. This valuation made in 1851 Not deemng
II as reaoe, IN 1897 we had another appralsemen made
by experts who valued the estate at 14oS Ss0-inde
pendent of portion to which titles had been perfect
ed amounting to 56S00which makes total of 81 465,
$50 and shows difference between the two apprasements
| of S62l 1874.
The reports the value of the which ap-
peared in papers made so fabulous an amount
that when took charge of secured the aid of opn
ions of number of the leading real dealers and
about New Orleans, with the view the forming of
correct idea the value of the estate and in the udg
ment of all these gentlemen the administrators had in
their apprasement exceeded the amount over $500
the property still stands did at the time of the death
of Mr. MCDoNoGH-no portion having, yet been sold
The two boards of Agents continued thust act until
q year 81 he n
either party could ask for and was entitled to division,
or partition of the property that each city might hereaf
ter the interests of the in such manner
they should prefer Under order of the Supreme Court
of that State appointed, together with Col HUNT,
Of the Agents ofthe part of New Orleans to divide the
estate We to the performance of that
duty and divided 81 4OS $50 worth of the There
is yet undivided that portion which valued at $50
sOO but that amount WILL as soon as practicable be sold,
and the amount derived thereby be equally divided be
the two cities. 1t could then be divided, owing
TO the necessity of powers from the general Gov
eminent, which have since been obtained
The whole therefore be regarded settled
with the exception of the paying of annutes to the Mary
land Colonization Society and the Orphan Boys. Society
also judgment against the estate FOR 100000, in
favor of a man named PARRIN which was rendered by
the there under will he had produced. or that
amount $4,000 has been paid. portion of the amounts
claimed by the two Societies referred to has also been
paid and an effort is being made induce them to
the nroDerty shall be effected: there Is also a money
account to he settled between the two cities. Bal
timore is liable to taxes upon her portion of the
of these have been already paid portion Of the
estate has been appropriated to be used as public
For This the city Of New Orleans has agreed to pay
half which amount rcverts to Baltimore The
is the in reercsce to streets which have been opened
there since the estate came into possession OF the two
cities In November next, final adjustment of these
matters will he had between us and the New Orleans
Agents and have doubt but that shall then have
balance in hand and above the amount due for
taxation.
making the division of the property endeavored to
do justice both cities, and therefore urged that mas
much Baltimore required to pay taxes, and would
also be compelled to close her interest at early day
possible while New Orleans could allow hers to lay
and await favorable opportunity for the disposng of the
same partition Of the estate in favor Of Baltimore should
be made. Under this view secured division as fol-
lows:
Interest of New Orleans, 1866 bodybuilding annual
of S24, SS7.
Interest of Baltimore S377 050yieding annual
We have assumed our trust with intention bring
ing the property into the market possible and
dispong of it to the best advantage This city has done
wisely in giving that power as our temporary soourn
ngs in New Orleans have yielded such knowledge of
pertaining this business render it to the cty
interest to leave us free to act upon that knowledge
We also here to this board, that pre-
pared unite with in the contamination of the noble
object for which you were organzed-that OF rearing
the generosity Of the late Mr.. MCDoSoGH,
and the providing of home for the destitute; and
would also beg to be assured that shall realize for
Baltimore all that possibly be done in the closing up
trust 1t is the opinion of both myself and my col
league that in from five to six years from this time Bati
more portion of the estate will yield the amount of from
$500 900 to 5000 900.
The of selling country property there is upon long
credits great portion of the estate is unimproved coun
try property he having bought it with view specula
ton and therefore, with the exception ofo or two tracts
the city, they unmproved This property it will
be sell liberal credits In that State notes
taken for real estate become mortgage notes upon the
property and will command from to 10 per inter
My Judgment would dictate the selling of this por
ton of the estate belonging to Baltimore these terms
as soon practicable.
When we took charge OF the estate there
eighty ninety negroes upon the homestead and
burthen the the amount OF 81 600 per
We have however, succeeded in dsposing Of
their services that they yield yearly revenue Of
81 600 As the will of the deceased provides that
they shall all he manumitted and sent to Africa in fifteen
years from the period of his death, would advise that
those belonging to Baltimore be so disposed of as soon
possible.
On motion Of Mr. ELLIcoTT, vote of thanks was ten
Mr. his kindness in thus appearing be-
fore the board and mpartng to them the information he
had.
Mr. MAYER responded briefly and assured the board
would always be pleased to impart to them all de-
sirable information in his possession
The board then adjourned subject to the call OF the
President.
FURTHER ExAMGNATIoN-A further examination took
place yesterday at the Office Of Justice MORROW, in the
of CHARLES DoUGHERTT charged with setting fire to
the boot and shoe establishment OF Messrs. GALLAGHER &
VALENTINE, Eutaw street, Franklin. BENJAMIN
c. FRESHMAN Esq., appeared counsel for the accused
Officer MCDANIEL, the first witness examined testified
he going around his beat and seeing smoke in
Eutaw street. near Franklin ran over to make exami
nation and found the building at the Of Eutaw
and Euaw court fire. He tried the front door,
finding it locked round to the side window; tried
the window and succeeded in pulling it OPEN He then
looked into the house but one there sprang his
and raised the alarm He the accused at the
fire. and conversing with him; supposed him be
one of the propretors He appeared be intoxicated at
the time and very much agtated he said he had the
KEYS of the store and afraid the propretors would
suspect him lie also related to those present he
for three hours previoussad he did
know where the fire was but told him it in
Eutaw street, upon which he ran to it.
T. s. NoLKEN testified follows:-I live in Eutaw
street near Franklin directly opposite the building which
burned about going to bed when the alarm
raised which occurred about hapas eleven Upon
ing the noise looked out and of the
door of the house shut and lock it, putting paddock
the outside OF it, He then went down Eutaw street
and after getting little way off he short distance;
cannot describe his dress, but think it white.
Mr. GEO DELPHEY testified that he returned from St
James Camp Meeting at 10 O'Clock on the night in ques
ton and about halfpast eleven, while walking down Null
berry street. the accused at the intersection OF Eutaw
street conversng with Just after passing him
heard an alarm of fire; light in Euaw street.
fire found il to be the Shoe OF