The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1872-06-29

In all, COS coupons, comprising all the
coupons due, up 10 and including Jan. LIST
1872, except 8, which have not been pro.
sented for payment The number and
date Of coupons above reported as re.
deemed and cancelled and in possession oil
the Finance Committee are as follows
Here the numbers and dates were set
forth
Your Committee present also a state.
ment oil the stock account OF the city oil
Wheeling, upon the stock book OF the
Baltimore & Ohio r. R. Co., from which
1t appears that since the date Of the con-
tract with Henry-M. Warfield s. Co., six
hundred and sixty shares Of the sixeen
hundred and ten covered by the said con-
tract, have been transferred, leaving nine
hundred and fifty still in the name Of the
city. (Here followed the statement refer
red to-
This transfer Of stock was made under
authority OF power Of Attorney signed
by George Baird, Mayor pro tenn, under
date Of Feb. 30 1870.
The premium received from Henry N.
Warfield Il Co. on the sale of stock as
per contract, amounted to $23,S45, paid
by draft April 3 1869, OF which amount
SIS, 600 was placed TO the credit OF the
City Treasurer inthe Merchants s. Me-
chanics Bank, and $685. was paid to
Brady & Wilkinson, Trustees.
Your Committee are of the opinion
that while the sending of the redeemed
and cancelled coupons to the Board OF
Public Works at Richmond, instead of
the city of Wheeling, was not in accord.
ance with the terms oil the contract be.
tween the city and Henry NJ. Warfeld &
Co., and in the absence of explanation
andiproper attention might have resulted
IN serious misunderstanding, and possible
loss to the city, no loss has been sustained,
and no good reason now appears for any.
interference with the said contract further
than to secure strict compliance with its
provisions, with which, as now under
stood by all parties concerned, Mcssrs.
Fisher q Sons IRE prepared TO acquiesce.
Your committee therefore recommend
the adoption Of the following resolutions;
l1eS0lUed, That the Finance Committee
be and they are hereby authorized and
lnstructedto burn the coupons OF bonds
Issued by the city OF Wheeling in pay
ment Of subscription 10 Baltimore s.
Ohio Railroad Co. redeemed and cancell-
ed by Fisher 6 Som, and by them transfer
red TO the Finance Committee, and that
the Mayor be authorized and instructed
to certify to the Board of Public Works
OF the State Of Virginia that Messrs.
Fisher & Sons, Of Baltimore, have re.
deemed and cancelled 565 coupons of
numbers and dates as per this report, and |
that the same have been destroyed.
ReSoIred, That when Messrs. Fisher & |
Sons have placed in the hands Of the Fl. |
nance Committee Of the city Of Wheeling
the redeemed and cancelled coupons
OF the aforesaid bonds which become due
on the LIST oil July, 1879, the Mayor is
authorized and instructed 10 make a SINH.
lar certificate to tho Board OF Public
Works OF the State Of Virginia OF the re-
demption, cancellation and destruction OF
the said coupons.
IseSoIred, That when satisfactory eyi.
uence naa been given that the bonds and
coupons, or any part of them, issued BY
inc CITY Of Wheeling in payment of her
TO the BIZ Or. r, o. and
now unpaid, shall have been redeemed
and cancelled In accordance with the
terms OF the contract between the city Of
wheeling and Henry NJ. Warfeld s. Co.,
me Mayor shall be and is hereby author.
lied 10 execute power Of attorney for the
transfer Of an equivalent OF the stock of
The city in the B. & o. r. R, Co.
Respectfully submitted,
I. II. LOGAN, Chairman.
,Wheeltng, June 90, 1872