The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1859-06-24
CITY INTELLIGENCE.

MEETING OF THE UNITED FIRE DEPARTMENT OF
BALTIMoRE.-Last night the United Fire Depart
ment of Baltimore met, John W. Davis, in the
Chair, and James Young, Secretary.
Joshua Vansant, of the Committee appointed to
enquire into the financial condition of the Depart
ment read their report, which, after referring to
The manner in which the funds of the Department
had been raised and the manner of disposing of
the revenue derived from the investment of the
same, gives the following exhibit of financial re-
sources of the Department at present;
Baltimore city per cent stock issued under the ord
of April 15 1885, and continued in force by Odi
No So of the Revised Ordinances of 1S50nterest
payable quarterly $l2 600 90
State of Maryland per cent. stock-tinterest
payable quarters, l... l,u0O w
Baltimore city 6per cent, stock of lS90-(interest
payable quarterly ...................... 3935l2
Nominal capital. $40 935.l2
These securities were purchased at the following
prices
$4,000 of city per cents at 100. $12 10000
LOCO State of Md per cents at s24 ....... SO so
1896 12city per cts. of 1890, 95 374391
Total cost. $l6 $50 Al
According to present quotations the value of
these stocks is as follows:
$4,000 Baltimore city per cts, which should
1000 State of Md per cts, 193 ........... $50 90
1885 II Baltimore city per cts a9sk..... 3,925S4
Real value of SIC, s55. "a
In addition to this fund there is on deposit in
k -.
On the LIST July proximo there will be due
count of interest on city and State stocks.. 22l So
Showing the real value of the assets of the De
partment to $17. 5SS is
The Committee say that the Charter gives the
Department power to disband at pleasure, and to
dispose of such funds as it may possess, but do not
recommend any plan for the disposal of the assets.
They refer to the annual donation which the widow
of Thomas Buckley receives, and express the hope
that it will still be continued The report closes
with Me following resolutions:
Resolved That until otherwise determined it is mex
pedent maintain the organization of the Baltimore
United Fire Department
Resolred That the committee be- and they hereby
authorize in behalf Of the Baltimore United Fire De
partment invoke the Mayor and City Council of Balt
repeal the ordinance of April 10TH 1885, and to
enact in lieu thereof ordinance cancelng said stock
and providing for its redemption las in all fair cases in
the redeemng Of stock by solvent party at its par
value or to adopt such other Of justice will
enable the department to realize the amount PAID for sane
stock. = .rl. ..l :. . . , ,
arise in the minds of the committee as to the right o
the department dissolve and to dispose of its funds
its discretion said committee be authorized to OBJ
tain the advice of able counsel touching the matter and
if deemed necessary end of its dissolution, &c.
make application to the Legislature of Maryland at I'M
next session thereof for the passage OF an enabni
actr the end that the department may close up 1t
affairs in such the judgment OF Its represen
tatves may suggest. l.
the department the best plan for carrying out the spr
of the resolution adopted the 9th OF july 1891, 10
the relief OF the widow OF the late fh0mas buckiey.
ReSolpd That the select board be- and 1t Is hereby al
rected to suspend the distribution Of benefits except
the case of Mrs. Buckley, until otherwise instructed
Resolved That President the department is here
by requested to the whenever the commi
tee may make request Of him to that end. 81 9
i The report was unanimously adopted.
l. John I. Morris, Esq, of the New Market, move
that 1000 copies of the report be printed in pampl
let form, and that the Committee attend to the dis
tribution of the same Adopted. { ss .3to2I
i Mr.. Nichols of the Mount Vernon, moved that
4 vote of thanks be rendered to the Committee
7 Adopted. se 'a0 =
4 TIE Department then adjourned. aa a