Cedar Falls gazette. [volume] (Cedar Falls, Iowa) 1860-1895, 1867-07-05
of Board of
supervisors of Black
Hawk County.
JUNE SESSION, 1867
Report or Committee on the General
financial Affairs OF the County
and Settlement with the
County OfIicers.
tcoSrrsUED FROM LAST WEEK.

County Officers.
[CoNrrSUED FROM LAST WEEK.
In this table is included an amount
Of S5OO.00 which is loan made to J. B.
Powers, upon no Security but his note.
This together with others having in
Sufficient security, we fiEd as follows.
to wit:
3 B. PS.sr;, Ss .nc..' and no xo..s.soo $500 % %
J. N. Gray, 800 90
nv. Gray, (no title 20 land Morsgaged.) sso 90
These last three are not included in
the above table of $54, ,2O3.77, and when
added to that sum will make total of
securities, both good and bad, of $685.
233.77, which substracted from the total
school fund principal before reputed,
1855, ,981.s5,) leaves $7sS.l8, and by
throwing out these bad securities and
adding the amount Of sale of land to
Randall, above reputed, viz: $34O. 90,
will make total deficit between the
school fund principal and the good socu-
rites of S2,6lS.ls.
In our examination Of these securi-
ties we have kept notes of some of the
Irregularities found, which we lay be-
clearly see the state of the books and
papers connected with this fund:
1st. Della A, Baker. on the 31st day
Of May, 1864, bought 80 acres of land at
50. IS per acre, paying $73. 33 down and
gave her note for the balance $1i8.67,
the amount of this note is entered on
the sale book S2l6.67, upon which she
has been paying interest instead of the
proper amount, $l46.67.
I'd. We find on security book, on
list Of money loaned, claim of $50.
against John Cook, of date February
18th, 1853, no interest has been paid for
several years and now amounts to S29.-
40. We find in this case note but no
mortgage.
Sd. On same list OF money loaned Is
a claim against s. b. Cox, of $3.50. 90,
dated February 5th, 1889; mortgage is
on file but no note. Interest IL paid up
to the present time.
4th. A mortgage against VIM. Den
min, for $500, of date November l4th,
1854, Is found on file, not cancelled, but
no note or no record Of the same.
5th. Note on file against VIM. Eli
oft, dated December lst, 1857, for S3ll 90
and no mortgage. Interest has not
been paid for two years, amounting
now to $51.25. The records show that
this claim is for money loaned.
9Th. The loan record shows claim
against Joel Gardner, of date March
18th, 1855, seventy cents interest not
cancelled for the years 1855 aud 1856.
The note in this case shows the amount
loaned to have been $l25.N instead of
$4,000.
7th. Record and mortgage found
showing loan made 20 G.. w. Henry,
of S4S.l1, but there Is no note found
Oh file.
sth. David e. Hame gave note and
mortgage bearing date January 5th,
1861, for S9S.S0. This mortgage Is not
recorded and no minutes made OF 1t on
the list of money loaned. On the 18th
day of June, 1862, he gave note and
mortgage for the same amount. Both
of those securities are now on file in
this office.
9th. On page So, of School Fund
Loan Book, Is found entered In pencil,
n loan to j. w. Clark OF $4,000, Of date
June 18th, 1865, aud marked In the
mortgage as paid August 4th, 1866,
without any interest. On Treasurer's
book this money is shown to have been
loaned June l8, 1866, instead of 1865.
No mortgage or note was ever given
to the School Fund for this claim.
10th. On page 2Sth, of School Fund
Book, in list of credits on hand on
lands sold, Is found credit given on
contract made November 30tll, 1865, to
John Fisher, and no interest paid on
tho same up to the present time. On
School Fund Sale Book, Is found a sale
made to said John Fisher, of the south
half of the southwest quarter Of sec-
tion 16, Town 81, Range IA, for $240. 90,
$4,000 paid down at time of sale, and a
credit given of $4,000, of date January
1fh IA
not show that he received this 5000
nor is 1t shown by Treasurcr's Book as
paid to him.
We also find In this Office receipt
given by G.. ID. Gray, as Deputy Clerk,
to said John Fisher for fifty dollars,
specifying that IL Is a part OF the pur-
chaser's money for this same tract of
land and bearing date September 10th,
1865.
1lth. On page % Of School Land
Sale Book is found contract to one
Jeffors of $50, "a OIL land sold June Sd,
1862 this same credit we find minutcd
on the school fund security book in the
land sold list and also in the list of
money loaned, but we find no mort
gage In this last case, but we do find a
note In the first instance on page II of
the School Fund security book, the
record shows this credit note on land
sold to have been taken up by mort
gage given by one J. B. Gelmen, OH tho.
24th day Of Sept, 1868.
The query did Joffers ever borrow
this amount from the school fund and
should he be charged still with tho
same amount?
18th. On the 7th day of September,
1865, Charles Pierce executed to the
school fund note and mortgage for
$3.50 90, which shows on its face to
have been acknowledged four days be-
fore IL was executed. being acknowl-
edged on the Sd day of Septemb Der and
executed on the 7th. This mortgage
has been duly recorded, but 10 not min
utcd upon the loan book.
There is also another mortgage on
file without note given by said Pierce
for the same amount bearing date July
18th, 1863, duly recorded, unsatisfied
and minuted OH loan book ms bearing
date July 10th, 1868. Ii the mortgage
first mentioned was intended to have
boen given In lieu of the old mortgage
OF 1868, IL IL improperly acknowledged
and the old mortgage has been carried
forward on the security list instead OF
the new.
18th. On the 18th day OF August,
1861, N. +. Flood bought q timber iot ef
the school fund consisting of five acres
ut SIS 20 per acre and paid S35 90 down
leaving a balance due of $50 90. On
the same day he executed mortgage
to the school fund for 500 90, payable In
ten years. The records do not show
this to have been yet paid.
On the 14th day Of June, 1882, Flood
executed another mortgage of the same
amount.
On school fund loan hook I'm list of
lands sold i'm 1862 is found entered in |
pencil Immediately under N. +. Floods |
name y. |. Flood. (no date) and cred