Evening star. [volume] (Washington, D.C.) 1854-1972, 1860-12-27
w. ID. WALLACE.
GEoRaRrowN CORPORATION: AFFAIRS
cous'pe.s,re. Of 7As star. =; 1,ds-y sss

Ne [Os VI -
In order that the debate I'm the Roafd OF ccun-
mon Council on Friday evening last, yeported
below, may be fully understood, ws tecapitniste
tie history Of the Vandefwerkek resolution pre-
nous to that evening AT the meeting of the
board, Dec 9TH, Mt. Hill introduced resolution
directing the Recorder to institute legal proceed
fngs agalns: Ms. Vanderwerken for the recovery
of s. !op9 due the Corporation on two notes Of
Sl,Sto each given in payment for the tobacco
WAREHOUSES, (secured by mortgage thereon, } and
$40 oetng the amount Of note given by said
Ne5derwerken for interest, unless payment was
made by said Vanderwerken at the rate Of - per
cent a month on the whole debt Of % Gao, CON-
mencing Jan. l, 1851. Tie RESOLUTION was read
once and laid over under the rule. AT the next
meeting Of the board, Dec 18th. its passage was
advocated by Mr. Hih who said that during the
Ten wears since the maturity Of the notes Nj.
Virginia in an adjoining county and fenced them
IN; bad euilt himself fne dwelling house On his
farm, aud barn large enough for two; that be
had never paid the Corporation any taxes, licen-
ses, lines or Interest without being compelled by
special legislation; that be had left the warehouses
uninsured some months, and IL they had burned
down then the Corporation would have had no
sscurity and that though times Were hard now
II was and would be a harvest for the omnibus
line, aud Mr.. VandeTwerken would never be
better sblc TO pay than this spring In view Of the
approaching Inauguration, &c, the present low
Pce Of horse feed and bis business being strictly
a cash business
Mr.. Tenney agreed that the omnibus lire had
been and was now, Of great benefit to the town,
here, and the revenue from taxes, licenses, &c
He also urged that the old tobacco warehouses
were, before Mr. vsnderwerken purchased them,
ri no use To the town. Since then they were as
srsscd at SO ,O0v. znd on that amount taxes had
been regularly paid. Mr.. Tenney stated MANY
Other facts Of the same tenor and other gentlemen
gave their views, and the resolution was finally
amended, by striking out 20 per cent and in
sSrung per cent, and In that shape passed by a
vote Of 9 to ]; Mr. Pickrell only voting In the
negahye Mr.. Williams was absent.
On fA-r-a ant. LAT ,FA
present except hr. Dodge. petition was re-
ceived from Mr.. Vanderwerken, PRAYING the
Board to reconsider their action and modify the
rsscsnoon 50 as require the Paymeh: Of per cent
HrIe, reconsideration was moved bv Mr. Ten
ney, who said IL was a bad time for creditor TO
push debtor, and Mr.. Vanderwerken promised
II the resolution was modified, to pay $500 year
Punctually. IL would all be paid In five wears
aud he thought we ought to extend this leniency
TO an old citizen, and one Of such benefit to the
town.
Mr. Hill opposed the motion The vote was
almost unanimou for the resolutions the omnibus
lire was doing good business; . cents from each
coach per day would pay IL, and IL was too much
after ten year. credit TO ask for Ave more
Mr Tenney said the gentleman seemed to for.
get that Mr. Vdnderwerken had partner in the
Lac now, and this was his individual debt. The
fare had been reduced IS per cent, and II they
were making money now, Sir. V. must have
made q great deal at the higher rates This money
goes to the sinking fund and not to the general
n.
At this time all knew Il to be impossible to raise
money, the banks are giving no accommodation,
and Is was hard TO come down a creditor with
a snap Judgment He meant no reflection on the
gentleman. but this was too much like Shylock
dsmanding his pound II flesh. Let the gentle
man remember that I" mercy is twice blessed %
blessing not only he who gives, but he who re-
ceives- - :" said he, o have friend gentle
man who is sometimes called a shaver, "a COM
missioner Of the sinking fund, and a member of
the committee before Congress- who has had
SNrNN
and cannot even get the interest on them and he
would be the last man to force collection at this
time. Ii Is said corporations have no souls; but
shall we be less merciful than gentleman who
is sometimes called a usurer9''
Mr. Hill said the gentleman had defended Mr.
Vanderwerken through thick and thin, and would
nSs vote 70 dsy lS5Ss but had released him
ness; and with the session Of Congress Inaugural
ted advent Of q new ministration &C is doing
agood business, aud will be all next summer He
position.
The motion to reconsider was passed by the fol-
lowing vote:
Yeas-Hessrs Dunlop, Pearson, McCobb, Pick
rell, stake and Tenney-6.
NaysMessrs- English, Hill, King, and VIII
Hams-4
Mr.; Tenney moved to amend tbs resolution, by
Inserting quarterly" In place of "a mouth -
Mr.. E1glIsa was sorry ne could not Weld but
be was acting here for his constituents and the
good OF the town. He complimented Sir Tenney
H
policy in tze Corporation TO continue the debt I'm
Mr. Vanderwsrkrn's hands for so long time He
was far from wishing TO oppress Mr. V and If the
Corporation vas out Of debt, end not paving in
terest Itself, he would indulge hlm. la ones own
business IL is not policy to receiv interest and paw
nright out He would suggest 10 per ceat guar
terly
Mr. Hill said the interest was not paid ON the
SO note given for interest in 155O. Here was an
other loss Of nearly as much as the original note
by prOcrastination.
Al though A thar tlaFr
hsures, or not posted He then said he liked to
answer good arguments, such as generally came
from his friend on his left, (hr. English,) but
thought be, In common with other business men
had sometimes TO receive and be paving interest
Mr. English said 1T was not god policy but he
had someslmes TO take Interest when he could not
get the principal
Mr. Tsnney said In reference 10 the matter of
the Corporation owing money, This amount would
give no relief, as IL goes to the sinking fund to
ouy Cor fPofaflon STOCK The only question is, "Is
for $1,000, and 10 mortgaged for 5000. The
gentleman (MI. f had been In the Corporation
since 1851. Why had be not moved In this matter
before!
Mr. English said his impression was such a
resolution had been voted for by him before
Mr. fenney said that was only because of the
Mr. Stake said that he had proposed 10 make
the payment per cent. quarterly, at the La,
Mr.. Hin said there had never been dollar maid
not been for his (Mr. HilI's) resolutions intro
duced here, wonld his interest, licenses or insu.
rances have now been paid He did not blame
the previous Boards, but Mr. Vanderwerken would
pay nothing without being compelled and be
blamed the Mayor and the Recorder Mr. v {,
counsel Was the Corporation Attorney. Gentlemen
can't contradict IL or say his business is not good
IL Is as good OF better, than IL ever was
Mr.. King had as much leniency for Mr. Wander
werken as any one, but he had 20 bring in a reso
luton In the previous Corporation TO make him
pay his insurance. Mr.. Hills statements wer,
correct. He had compelled him to pay up. Blu
three months Is all you will get. The next Corpo
ration viii release Elm.
Mr.. Hlll.-As long as you legislate for Mr.. v
he Will be before You. gentleman connectes
with the Corporation Of Washington told me b.
was efernAlly before them 10 get rid Of lines, &c.
and they had 70 kick him out and make him pa
up " we do u here there will be no NOR
trouble. The morning after ! introduced thi
resolution he came forward and paid S9O Interest
Ne wants somebody behind him with switch al
the time
Mr.. Tenney said Mr. Vanderwerken probabl
did not know the Interest was due or he W -ull
have paid sooner.
Mr. English - DiS'nt you tell him the corpo
ration was aft-r him with sharp stick, and tau
forced hun up!''
Mr. Tenney said that Mr. v had not been aske,
foFi 4 MA fhAe ~.