The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1860-03-01
REPORT OF THE TRUSTEES OF THE
McDONOGH EDUCATIONAL FUND

REPORT OF THE TRUSTEES OF THE
McDONOGH EDUCATIONAL FUND
AND INSTITUTE,
The following is an extract from the report of
the trustees of the McDonogh Educational Fund
and Institute, to the Mayor and City Council, and
also the letter of the counsel engaged in the
now pending in the Superior Court of Louisiana,
between the cities of Baltimore and New Orleans:
Nothing has been received by the Trustees from
the agents of the McDonogh Estate. The Trustees
embrace the occasion to ask the attention of the
Mayor and City Council to the position of the
affairs of the estate particularly in reference to the
custody of the proceeds of the sales made last
spring They refer to this subject to prevent mis-
apprehension, because, from the tenor of the ordi
nance referred to above, it might be supposed that
the proceeds of sales had been placed in the hands
of the Board.
The second section of that ordinance directs the
agents to remit to the Trustees all proceeds Of sales
in cash, notes, bonds, mortgage and other securi-
ties, and all monies collected by them as
received and to take receipts therefor from said
Trustees
By report made to the Mayor and City Council
in June last, it appears that the agents have sold
greater part of the estate, and have paid all claims
and expenses up to May 30th, 1859, and that the
notes received for the sales of property have been
lodged in the Citizens Bank of New Orleans for
collection subject the order of the agents for the
Mayor and CITY Council of Baltimore. The pa
pers, bank-books, &C., and everything presented
with the reports were placed in custody of the City
Comptroller, who, it is presumed will retain posses
sion of them until otherwise directed. The greater
part of the notes falling due in year from the
time of sale, will mature February llth, and March
9th, 1860 and all the notes of the first year remain
ing on hand, amounting in the aggregate to S76,-
427, will be due by the 5th May next AS the mat
ter stands the proceeds of the notes when paid
will be placed to the credit of the agents, if the
City Council intends that the agents shall retain
possession of the notes until they fall due in the
y nrnpppHs n
the Trustees when collected, there remains nothing
for this Board to do in reference to their collection
but to receive the funds as they may he rendered
by the agents.
As far as the Trustees are concerned it is imma-
terial to them as to the time or manner of receiv-
ing the funds; their duty is only to invest when
funds received and now refer to the subject to
exonerate the Trustees from apparent delinquency
and to suggest the necessity of making such pro-
visions may be required in the case, that all
parties concerned may understand their respective
duties in the premises.
Respectfully submitted,
JOHN w. RANDOLPH President.
WIN. G. KNOWLES, Secretary.
LETTERS OF BRANTz MAYER AND c. RosELIUS, Esos.
BALTIMORE, February Is, 1860.
To the Honorable, the Mayor and City Council of
Baltimore:
GENTLEMEN: have today received letter from
my colleague, Mr.. Peterkn, from New Orleans in
forming me that he has united with Mr.. Poindex
ter of that city, in giving an appeal bond in the
case of the city of New Orleans u.s. the city of Bal
timore, so as to carry the Judgment of $50 900, re-
Gently rendered against in the 5th District Court
to the Supreme Court of louisiana for review. At
the same time, | beg leave to hand you the SUBJ
joined copy of letter from counsel, Mr..
Roselius to Mr.. Peterkin, who has considered it
proper to unite Mr.. Mott with ROselius in the de-
fence of our city before the Supreme Court. You
will see from Mr.. Roselius's opinion of the judg-
ment rendered by Judge Eggleston in the lower
Court, well as from his views of the claim, that
he is confident the Supreme Court will decide the
case in favor of Baltimore"
| am, gentlemen, very respectfully, your obedent
servant, BRANTZ MAYER.