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

members of the Board answered to their names-egh
being absent Messrs. JOHN W RANDOLPH, Jos j. PAR
RoTT, JOB SMITH Jr., WIN. +. PENTZ and MARCUS DEN
NIsoN and Drs GEO MERRYMAN, WIN. G. KNOWLES anC
GEO. c. NJ ROBERTs and Messrs. EVAN T. ELLIcOrT WV
ARMSTRONG, WIN. II. HAYWARD and ROBERT LESLIE.
DIR. GEO W. MERRYMAN, from Committee appointed
at previous meeting report Of proceedings
meetings of the Board, submitted their report 1t pro-
yided that eleven members shall constitute quorum
The committee reported rules Of orer those governing
the Board of School Commissioners.
motion to lay the report upon the table, and have
| printed, was adopted
The President then announced that RANTZ MAYER and
GEORGE PETRIKEN Esqs the agents of Baltimore in the
settlement of the business pertaining to the McDoNoG
estate and desired to communicate with the
board in that relation
Mr. MAYER here addressed them. He commenced his re-
marks by saying that, the ordinance of the City
Council existence to this board of trustees and the
agency which he represented it well that mu-
tual understanding should exist between them, with
view to the proper discharge of the duties had
to them and myself and colleague have received
telligence that the board desired and 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 the estate and
hand over toyour board the amounts accoung from such
| settlement.
This mnutey defines relations that in this
particular there is but little else required of than to
bring my remarks to abrupt termnaon-as the ordi
nance only enon upon dispose of the property and
place the funds at your disposal But have organ
lied with view to the appropratng OF these funds in
cordance with the will of Mr. MCDoNOGH it proper that
you should know the actual position of matters pertaining
to the estate. As yet, there funds in
Being appointed originally by the
the estate the part of Baltimore much information has
necessarily into possession and the board de-
sres to be possessed of the same here endcavor
| to furnish it TO you.
Although there yet no funds in our possession
there IS an account in Of settlement between the
in the course of few months, place funds in
hands.
great portion of the real estate held by the deceased
rear 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 consd
cradle sacrifice There but little money left by Mr.
| McDoNoGH, and limited amount in bonds while the
| debts outstanding against him considerable. For
some two or three years succeeding his death
harrassed by law suits, the principal which
brought by of his descendants to break the WILL and
which, though unsuccessful entaed considerable expense
| upon the estate OF the number of suits which
brought only some two three minor ones were declared
! valid by the Courts.
In the year 1885, when the hands Of
myself and Messrs EMORY and PETRIKEN the part OF
Baltimore we united with the agents representing the
city of New Orleans and from that time up the
day OF June we have yearly laid before the authorities
here in detail all proceedings had during the preceding
relative to 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 and caused
praisement of to be made when it set down at 81
0S6,S74 This valuation made in 1851 Not deeming
it as reliable in 1857 had another appraisement made
by experts, who valued the estate at 81 40S SS0nde
pendent of portion to which titles had been perfect
ed amounting to S56, ,SOO-whch makes total of 81 465
|. of S621. 1874
The reports the value the which have ap
peared in the papers made it of so fabulous an amount
that when took charge of it the aid of opn
ions number of the leading real estate dealers in and
New Orleans with the view to the forming of some
correct idea the value Of the estate and in the udg
ment of all these gentlemen the administrators had, in
their apprasemen exceeded the amount 5000 ooO
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 thus to act until
the year 1857 at which time, under the laws of louisiana
either party could ask for and entitled division
partition of the property that each city might thereaf
ter manage the interests of the in such manner
they should prefer Under order of the Supreme Court
of that State was appointed together with Col HUNT,
one of the Agents ofhe part of New Orleans to divide the
estate the performance Of that
duty and divided 81 HOS $50 worth OF the There
is yet undivided that portion which valued at S56
500 but that amount will as soon as practicable be sod
and the amount derived thereby be equally divided be-
tween the two cities. 1t could not then be divided owing
to the necessity of some powers from the general Gov
ernment, which have since been obtained.
The whole estate therefore be regarded settled,
with the exception Of the paying OF annuites to the Mary
land Colonization Society and the Orphan Boys Society
also judgment against the estate for 100000 in
favor Of man named PARRIN, which rendered by
the courts there under will he had produced or that
$685. 900 has been paid portion of the amounts
claimed by Societies has also been
paid and effort is being made to induce them to
desist from pressing their demands until a sale of
the property shall be effected; there is a money
account to be settled between the two cities Bal
tmore is liable to taxes upon her portion Of the
estate while that city required to pay any part
of these have been already paid portion Of the
estate has been appropriated to be used public
half of which revers to Baltimore. The same
is the in cfersce to streets which have been opened
the into possession OF the two
cities In November next final adjustment of these
matters will be had between and the New Orleans
Agents, and have doubt but that shall then have
balance in hand and above the amount due for
taxation.
In making the division of the property endeavored to
justice both cities, and therefore urged that, mas
much Baltimore required to taxes and would
also be compelled to close up interest at as early day
possible while New Orleans could allow hers to lay
and await favorable opportunity for the dposng 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, 1885, 125-yielling annual
Interest of Baltimore, s977 O5O-yieldng annual
enue Of S31 SIS.
tr;tI, ~ hrp
ing the property into the market possible and
disposng of 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 to the city
interest to leave free to act upon that knowledge.
We are also here assure this board that pre-
pared unite with in the consummation of the noble
object tor WGn you were ami a M ot Tears
and the providing of home for the destitute and we
would beg be assured that shall realize for
Baltimore all that possibly be done in the closing up
of our trust 1t is the opinion Of both myself and col
league, that in from five to six from this time Balt
more portion of the estate will yield the amount of from
$500 900 to 5000 000
The of selling country property there is upon long
credits great portion of the estate unmproved coun
try property he having bought with view specula
ton therefore, with the exception ofon two tracts
the city, they unimproved This property it will
be necessary sell liberal credits In that State
taken for real estate become mortgage notes the
property, and will command from to 10 per inter
est My Judgment would dictate the selling of this por
on of the estate belonging to Baltimore upon these terms
practicable
When we took charge of the estate there coma
eighty ninety negroes upon the homestead, and
buhen to the estate to the amount OF some 81 900 per
We have, however succeeded in disposng OF
their services that they yield yearly revenue of
s. 900 As the will of the deceased provides that
they shall manumed and to Africa, in fifteen
years from period of his death, would advise that
those belonging to Baltimore be so disposed of as soon as
possible.
On motion Of Mr.. ELLIcoTT, vote Of thanks ten
dered Mr. MAYER for his kindness in thus appearing be-
fore board and mpartng to them the information he
had
Mr.. MAYER responded briefly, and assured the board
that he would always be pleased to mpart to them all de-
sirable information in his possession.
The board then adjourned subject to the call Of the
President. -
FURTHER EIAMGYATIoN.-A further examination took
place yesterday at the office Of Justice MORROW in the
of CHARLES DoUGHERTY charged with setting fire
the boot and shoe establishment OF Mesrs GALLAGHER
VALENTINE, on Eutaw street. near Franklin. BENJAMIN
FRESHMAN Esq., appeared as counsel for the accused
Officer MCDANIEL, the first witness examined, testified
that he going around his beat and seeing smoke in
Eulaw Franklin, to make eXami
nation and found the building at corner Of Eutaw
but finding it locked round to the side window tried
the window and succeeded in pulling open He then
looked into the house but there sprang his
rattle and raised the alarm He the accused at the
fre and was conyersng with him; supposed him to be
one the proprieors He appeared to be intoxicated at
the time and much agated he said he had the
keys of the store and was afraid the proprietors would
suspect him. He also related to those present where
had been two three hours previoussaid he did
know where the fire but some one told him it in
Eutaw street. upon which he ran to it.
T. S. NoLKEs testified follows:-I live in Eutaw
Franklin directly opposite the building which
was Durneu was ABOUT SoHs W peu dIdrIn was
raised which occurred about hapas eleven Upon hear
ing the looked out and man come out of ths
and 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 was white.
Mr. GEO DELpHEY testified that he returned from St
James Camp Meeting at 10 O'Clock the night in ques
tion and about half eleven while walking down Null
berry street accused at the intersection Eutaw
street. conversing with Just after passing him
heard alarm Of fire; light in Eutaw street. and
upon arriving the fire found it to be the Shoe store OF
Messrs. GALLAGHER VALENTINE.
Fire Inspector BOYD testified that he present at the
fire and heard the conversation which took place between
officer MCDONNELL and the accused Thinks the accused
very much intoxicated, and also appeared to be
sderaby agitaed at the time He fully corroborated the
stat ma by officer MCDONNELL.