Evening star. [volume] (Washington, D.C.) 1854-1972, 1872-03-29
Northern Liberty Market Company

% Discussed n
FORE AsUB-COMaITTEE OF The HOUSE DIS
TRlCT COMMITTEE.
The bill to incorporate the Northern Libert,
Market Company introduced in the House or
the 18th of February by Mr. Poland, and re
feTred to the District committee, was taken H.
by the committee on the 18th OF March, an
referred to AesSrs. Cotton, Crebs, and Darrell
Subcommittee to examine into the matter an,
report TO the full committee.
The bill names as eorporatorS John II. Russell
Z. HI. Iathrop, Lewis Porter, - Prather, Il
5. Elliott. James r. Deter, l.. O.. Hine, an,
VIM. Clagett, under the name vi 1.-The Norther!
Liberty Market Company" and authorize
them 10 construct a suitable building, or build
ings Hpon the ground known as the Northerr
Liberty Market space, between 9TH and 9tl
streets west at the intersection of Il street
north, New York, and Massachusetts avenues
and to use and occupy the same for public
market house. The stalls are to be sold at pub
lie auction Tor one or more years TO the highesr
bidder, subject 10 the payment OF a monthly
rent 10 be fixed 10y the Governor and Legislative
Assembly. The capitol stock Of the company IL
hxed at SJoO.0Oo, III shares of $50 each. The
aha!Ts OF the company are to be managed by
board OF eight directors, who shall appoint q
president, secretary, and treasurer, the latter
TO give tCnd Tor the faithful discharge of hi.
duties The company is required to purchase
and pay for buildings and fixtures which NAV
be upon the above mentioned ground be-
longing TO individuals, and where the Iric,
cannot be agreed upon the matter is to
be submitted TO board of arbitrators
The work on the new market house is to b.
commenced within sixty days after the COMPANY
gets quiet and peaceable possession of the reai
estate, and completed within two wears. Thev
are TO enjoy all the privileges conferred by thu
act, Tor ninety nine years, at the end OF which
time the ground and improvements shall revert
to the United States, unless Congress shall by
law extend the period of occupation: Prorided
That II the government of said District shall
after period VI thirty years from the approya.
OF this act, by vote of the Legislative Assembly
thereof, approved by the Governor Of said Dis
trct, express desire TO possess itself of the sale
market buildings and ground, Congress NAV
authorize said government 10 take possession o.
the same upon payment to the said
OF sum OF money equal to a fair and lust yalu-
alton of the buildings and improvements ther
standing on said grounds, and the mode and
manner OF ascertaining such valuation shall b.
determined 10y Congress. The title to the rea
estate is vested in the company for ninety-nin.
years. The real and personal property of tn,
company shall be subject to assessment and
taxation Tor all District and municipal pur-
poses in the same manner a. other property
The company shall pay into the District treasur,
5000 per annUm.
There was delegation of fifteen or twenty
FRIENDS OF THE BILL
present, among whom were VIM. HI. Clagett,
ii. Taylor, Thomas nj. Piowmsn, George W
Utermehle, James A. Stone, DIR. Chaplin, VIM
Spignul, Jacob Began, and others.
VIM. III. Clagett, on behalf of the friends
the bill, said they preferred to hear from til,
opponents of the bill first.
MIR. Chandler said he appeared with Mr.. Hill.
dreth as stockholders in
THE WASHINGTON MARKET COMPANY,
thinking the passage Of this bill might afec,
their rights. He thought the District authori.
ties should appear to oppose IL, as he understood
il was their plan to keep those avenues open.
MIR. Clagett had no objection to all person.
appearing before the committee and statins
and he hoped the hearing OF to- day would b.
final. They expected to meet with no Opposition
except from the lower market house company