The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1859-04-12


April 15--By interest coupons paid....-.-. 6iSa 3S
" " City warrants paid and
Cancelled .............................3 81, AS 10
discounts city liz
paying coupon az %
1859.
April - comm on receipts and
disbursements ....................... 300 %
Ksokuk City Scrip paid
and Cancelled. ~ 30
Next in order with you COM, was tho &C
count of George Parsons, Esq, Treasurer Of
the fiscal year Of le57-8, in the examinat ion
and settlement Of which there arose differ
ence of opinion in regard to the following
items, to-wit:
During the fiscal year of 1878, there
was q special and direct tax levied upon the
taxable property of the city, to meet spe-
ci6c class of 10 per cent. bonds issued to the
Keokuk, Fort Des Moincs & Minnesota r. r.
Co., maturing on the LIST day Of May, 1858.
OF this tax, there was collected and paid
into the hands Of Mr.. Parsons, as Treasurer,
the sum Of eight thousand dollars in money,
and the sum Of twenty thousand two hundred
and seventy-one dollars cox, 27l O0) in City
Scrip; all Of which was retained by Mr..
Parsons; no part Of which was applied to
the purpose for which 1t was intended--in
the liquidation of the bonds aforesaid. ma
turing the LIST Of May, 1858. Subsequently,,
however, Mr.. Parsons made q negotiation
and trade with parties holding seven bonds,
OF ii 600 90 each, OF the class aforesaid,
after the maturity of the same, and failure
Of payment, with the accrued interests on the
same, amounting, IN the aggregate, to the
sum of 81, 800 00-100, and has returned the
Offset against the money collected and paid
70 him for the liquidation Of said special
bonds.
Upon this sum of 81 800 OO-1OO, Mr.. Par
sons claimed that he was entitled to two pea
cent. exchange between Keokuk and New
York city, ~ though he had transmitted the
funds to said city Of New lark for payment
Of the bonds; and that he was entitled ia
his commission Of one per cent. for the dis
bursement-Glthough he had disbursed thu
money as contemplated in the Legitimate
use Of the same.
Your committee, in view Of the facts here
in set forth, that the money was not trans.
mitted to New York and disbursed in the
manner and use for which it was collected
and paid into the treasury, did not deem il
proper to recognise and allow the claim Of
exchange. Nor did they believe the claim Of
per centdge on that sum to Oe legitimate ant
| proper, under the circumstances. Yet they
were constrained to yield that point, anl
consent to the allowance Of the sum Of ST.
90 to Mr.. Parsons, making per cent. com
mission on the amount Of the seven bond
and interest aforesaid, in order that the &C
count might be closed up without further de-
lay; which was done, and balanced up ii
full, in accordance with the statement ant
abstract marked B, herewith annexed ane
made part Of this report:
| ABSTRACT b.
GEoRGE PARSONS, Treasurer 1875.
I IN account with the CITY Of KsokGk.
To aggregate Am'nt Of money, war
rants and:city scrip. received and
paid into me Treasurer, during
1865 ~ will particularly appear
by my receipts, and the books Of
City Clerk and Collector &13O, I26 81
Oh.
By amt OF interest coupons, cancel
Cd and delivered mp 70 Council 120 900
by amounts Of city warrants on the
= Treasurer by him paid aud 9iven
mp which have boon cancelled ............. So cas-
Bv amount OF city scrip. roc'd from
Collector. and given up 70 be
csled ....-........ s,so7 .
BY amount reed in city scrip from
Collector on special taxss, which
has also bse0 delivered mp .............. 2c,Q71
by amt paid In school orders, and
gwen 3SS
by ann Of interest and exchange,
AfAAAM