The Grand Haven news. [volume] (Grand Haven, Mich.) 1858-18??, 1860-05-16
From the Ottawa Register, April2i.
The Township of Holland VS.. John
n ROOst.


According to promise, we will give oul
readers short history Of the Holland
Loan Negotiations, and the difficulties in
settling up with the Agent. Il
The history of. the troubles with the
Loan Agent, in making settlement with
him for the year 1858, We will not give
in full. We will State however, that al
though he returned from New York, Oc-
tober I'd, the records show that ON the
3Oth day of October, Mr.. w. J. Mulder,
one of the members of the Board, was
by resolution authorized TO commence a
suit against the Agent and his sureties,
to recover the loan monies in his hands
belonging TO the township. Finally, No
vember 4th, kind of settlement was
made, by allowing him to receive all his
wages and expenses, put in bill with no
items stated to the amount of $243, and
leaving a balance unsettled in his hands
of $l0S2, the balance of which was f.
nally settled up and paid, Jan. oath, 1860,
nearly year and FIVE months after the
Board commenced trying to get settle
ment with him.
1t having become necessary TO negoti-
ate moro money, in 1859, John Roost
was again appointed Loan Agent, May
30th. An arrangement had been propos-
ed on the parts Of Fillmore and Over
yssel and the proposition was accepted on
the part of the Township of Holland, by
which three thousand dollars of bonds of
the township of Holland were TO be issued
in exchange for that amount of bonds,
$500 from Overyssel and $500 from
Fillmore. The Holland bonds were to
be negotiated for money in New York,
and the Fillmore and Oyeryssel bonds
were TO be paid over to the Township Of
Holland in exchange for tho money,
which those Townships agreed to place in
the common Harbor Fund for Black
Lake Harbor. They also agreed to pay
an equal share with Holland of the ex-
penses of negotiating the bonds, provided
that Holland should negotiate $4,000 on
her own account at the same time, and
that n correct specific account of the ex-
penses of negotiation should be given
to them.
June lst, the Boaed met again, and
two of the members, Mr.. Mulder, and Mr..
Schaddelee, thought the Board had ac.-
ed hastily and inprudently in reappoint-
ing Mr.. Roost Agent TO negotiate the
new loan before he had settled up and
paid over the balance Of the old loan.-
From this difficulty arose, in the course
of which Mr.. Roost avowed to the Board
hisdetermination to take his own course
in disbursing the money, and May 30th,
no satisfactory arrangement having been
made, on motion of Mr. Schaddelee, sec
onded by Mr.. Mulder his appointment as
Agent was revoked.
June 4th, on. motion of Mr.. Mulder
Roost was re-appointed Agent. Difficult
ty again arose about the bond TO be sign
cd by the Agent with sufficient sureties.
After much trouble, Mr.. Mulder proposed
that the security of the Agent should be
by mortgages on real estate, and gave his
reasons at length; they are 10 be found
on page 124 of the Journal of the Town
Board. Mr.. Mulder further offered res
olution authorizing Mr.. Schaddelee, ono
of the members of the Town Board, to
collect the balance due the town from Mr.
Roost, aud to use all means that he may
deem proper. June l4th q meeting Of
the Town Board was held, at which Rev.
Mr.. Van Raalte was present, TO bring
about an amicable arrangement with the
affairs of the Agent. 1t was feared that
these difficulties might endanger our flu
ture negotiations, aud the harbor work
was greatly in need of money. A com
promise was made by which Roost was
re-appointed Agent, and Roost executed
the bond as required by he Board, which
he had previously refused TO do, and pro
duced his sureties to sign a joint notc
with him, payable to the Township Boar(
for the balance remaining unpaid of The
old loan. The resolution proposing thi
compromise was offered by II. ID. Post
and was seconded by Schaddelee. TIL,
appointment of Schaddelee TO collect tn,
balance of the old loan from Roost wa
also revoked.
June 10th the Board met TO approv'
his bond and draw up the Township bond
for him.. Instructions to the Agent wer
drawn up with his entire consent and con
curence rs follows:
lst. He must not sign any bonds off
cially until they were negotiated. Is
that in case they were lost or stolen the
would be useless to the iinderor thief)
I'd. He should leave his address i
New York with the Board to enabl
them TO write him at any time.
3D.. That he report by letter to th
Board every week, and oftener in cas-
matters of importance transpired.
4th. So fast as he sold bonds h
should deposite money in the Bank G
New York, or other safe bank, and SEN
certificates of deposite to the Townshi
Board. And
Other directions not material TO b
stated here.
III. - I IL. =. II. =.