, 1861-07-06
ANNUAL MEETING OF the BOARD
Of EDUCATION. /


kT%1- -
o,a ne minutes Of the last meeting were read ant
The President Of the Board. Nj. Hoard, pro
REPORT OF sPEcAL rISANcE coManTTEE.
Pursuant to the requirements of the resolutions
passed BY this Board at 1ts last meeting have en-
Geavorcd to obtain the Information called for b,
then, and beg leave to report the result Of my ID
The amount Of funds In the hards, and subjec
to the control OF the School Agent for the 1ay
ment Of teaeheTs' salaries, is as toi!ows: On dc
Ros n ts nane ,6 md Fi5e
Agent, 607sg, making total Of $S4, ,l54 ii. Thf
AMOUNT not on deposit may be considered as bal
funds though perhaps not available to full amount
checks Issued but not paid 81 sos Il for the sals
ltes OF teachers for the seven weekg Of the
term @ shout $40 so0., To this must be added about
Sl,se iof 1ncads a. M 1a expenses Of the Last month
within ono week, and inasmnch as the bank re,
tuses to pay in other than Illinois currency, The
1S am9mns 9f deposits belonging te the cho9l
that bahk, and this Board therefore lbs
resolved not to accept less than the
tnll amount Of such deposit n par funds, and %
ated TO this object, except those referred to-,
with this state OF things before me, cannot sug-
gest or conceive any mode by Which the money
on US to ialdll our engagements with the teachers
Of our public schools. Ii company with the Msy-
Or Of thg city ! called upon the officers Of the
Marine ;aI BaI and na Ts M reestved the
of the depoeit il Illinois Bill Of an average I o val
ne, ~ 9ne;!lh each Of 50, 60, 70, 90 and SOC Of
suade the Bank officers to make such statement
as your resolution called for, but they decliucd
saying that they did not consider that the best IN,
promoted BY doing 20, but at the same tina they
offered to make full and perfect exhibit to Ger
tain gentlemen Of this Board for their satisfaction
IN regard to their ability to do better than the o
debt to the school fund Of the city, md would
also cay that have endeaTored to elicit facts
ard circumstances from stockholders and directors
wou1d rely, which might tend to confirm Of dis
prove the assertions Of the officers as to their abi
y to nahs "a payment IN pa funds for the a
formation has tended rather to confirm than dis
prove tuch allegations. In addition to the fund
especially dedicated to the payment Of teachers
salarie9 amounting as before stated to $}4154
deposit in the Chicsgo Marine Bank
and Fire Insurance Company denomfnated the
School Tag Fund, This amount Is subject TO such
urgently require, and but for the unfortunate ac-
lion OF the tommon Council In declining to erect
School nonse last eeason, large portion Of thc
money would have been expended for that pur-
vision Of The city supplied, and The prospective
I less tEat nov threatens us avoided.
OF two school houses last year, il proper reeard
for the health and comfort Of the children had
been observed, and what WAS 90 much reaufrGd
then, cannot possibly be postponed longer; nence
thetc 1s . great necessity that funds should be
raised to effect this object as to fulfill our ob1ga
tons with teachers for their past Services and as
We must have money for these two purpose, and
the Board cannot recommend that less than the
n "a A1t 7
tile attempt be made to sell The account to parties
who have fnll confidence In the ability Of the
6ank. and use the proceeds to meet. these
q Demands that cannot be postponed Or delayed.
shoula these accounts be sold even at the rate Of
fertd By the bank should have left over for next
Jear, belonging to the teachers SALARY fund, 3d.
School Tax Fund, after paying for ths house pro-
posed to be erected in the South Division and the
amount due for Incidental expenses. The last
elause q the resolution introduced by Nr. Nose.
ley indicates that Inquiry In regard to the ability
Of the city to commence our schools at the
usual term for the next school var, I have made
some investigation on that point, and had conver-
satipn M VIII members Of The Council and the Mayor
lied upon that the Council can By any possibility
extend: 81 our charter but two mills tax eau be
les1ed tor school purposes. That ta1 will produce
bout s'o;opo the interest on loans belonging to
tie school fund and rents echeol lots will proba-
BIZ rsch the sum ol $13 Goo and the amount due from
ths state ah9ut s x1so making total Of SOL 900
90 ~ suts - 90 anu We nave $l!O-
4.ar y vS .aeutr ~ @ 9oa me coming
.! seaenets tne he1tytaf allowing the In
ctease oses me present 70 equal that on tbs pre-,
snnnies Insv reecf ~ ta Janl.ofS ana
bcnee must be uit Whtcb r. ~ ~ eai1r sSGo
as ~ p1op9fhea h ior tn1s ysaf @ Will cost
fn1i inyes1feation NJ ~ ~
school vcar and fearna tbst menns to fe far
h: s. "a to ad6nt ~ iess Hharsi ssai as 20
saIaIies Than IL now nafd 9en1t ecass,n ecMs u
fo eaa lhr Iart,e - num Ha!a' took oecaslon
CONTINGENCY that ieht srse IN cnn ~
~ ioEs ~ 49, ~ an iass si ~ funse4aeuSe ot
sm,r in lie ah}e tn stare that 1ha. aienraI nn; a..
maasly' mirht say nujtc 40 rxinccd e's x'int,
ne to besr q portion Of the loes than that tic
riew 9s pf r. q re Eea1
"a ra;sinn.dv M - i,nmcats1 nd fpe tba +s.o p.
.!d s,n,,13 a,,tl,,.t , .or IT, t~o oeJs
IL Tiinta .ne pEopfaesg oI adopting
.ns % ono"ing @ sssulue.oni ..-..
PROPOSITION FROM TIE MARINE BANE.
WHEREAs. The Citv of cbfc.o, bor, f,,;5sd m
deposit with Chicago Marine aS sra Insu-anca ~
Company, Of which4 considerable amnnnt ~ VII
e37 646S8 was by order OF the Council on fhe XIX
i Ap Il, A. D. 1851. transferred to lie School Ts9
Fund OF said City; and, whereas, ssid civ has
Ike wise on deposit with The said Eomnany% IN the
,ame aI Of s. D. Ward. School Agent, the sum of
hat the ssme were deposited in the bllls Or notes
If the baEks Of The State Of Illinois. and that ssid
institution Is only liable TO nav in ]ikc notes
whereas, the present nmount Of snch ienns,ts'
10Th Of Which 1o1y hc1onr ~ .ha Schnsa ~ ~
ron sid Comnsmy n Ia az ~ aHu usc
md. whereas. Tic beard Of E,ncation " ssi1 81,
ave reuuired nrnnerir autSentfa.ted stntaan{ v
# ,fe aasets nd iist;1;t}es ~ Sa;d
ore they vii accde tn anv setten,ant ~ IN ~
,Gnn1 sther than ~ The M ra1ma +h,af lug I ~
shrreaa if sa3a comnn,1 aon,aa .ae4to'' ~ aaa.
.nrh t{at1,,cnt sIaa{,,r thn'r t,.h;,,+n Mass
hs nresent staIen e1t ~ s. ~ - IN
sn,n statemanr hmt o ..e th.t a 70 ake
. Ie,ont L fr oa| ~ ~ eIas "a Ealu ssHutto1
Az uuea ~ KY ~ Caly Ssla illlno1s
~ l.; " ~ sns uonal In Aen taereol.