, 1872-10-11

7 TRIBUNE: FRIDAY, ,Os
This power Of attorney, OF which SO much haa
been eald sna whish has nefa qesa TO
history is this: In the year 1850, many COM
plaints we're made by the members, and At las1
formally expresned IN q general meeting OF tne
Colony: Aug. 13, Ct the nlismAne cement o1 tae
affairs ii tie Colocy, sad tie hazardous specu-
lations entered into . tha Trustees without any
information and consultation With the member
Of The Colony. On tho 18th Of November, the
sane year, three OF the Trustees attended
general meeting o1 1Ee Go.oaJ: eno n maze ros
ices fer ha;ine assumed to himself tee cns11e
management of the stfeirs Of the Colony; ard
hayin: refused to consult ard account to them;
For this carse: olof johnson vas iraly 1emosea ,
f-om Office as one Of the Trustees CT the Colo
uy.-thc three complaining Trustees voting with
fla rest Of ito mante-s Tor the removal Some
of JoLnsoa's personal trlencs maze 4 coop1e1as
to Judge Howe, at ti,a. time actlaE Judge Of
fne Circuit Coa<t OF Ecn1J County, AID Ee. WITH
ont notice to Tia Colony, granted A n Injunction
ooainst .le COLONY, AID appointed Olof joha5on
as one OF The Receivers Of the Colcny- Ny tnis
appointment, johnson got the control or the
real cause for tie injunction, tho same Was Dis
solved in March, 1EG1, and the Receivers dls-
c;,arred. Shortly the.eaf.cF, tie Trustees were
ali called bv johnson 70 meet at Cklc.5o, Waere
the so-called Colony sstorneys ana SOME OF ene
creditors 1net also. Il was hero tnat some ore
Of the c;torneys. Who worked, as he always tad:
for The personal interest Ct JohnsSs, and cared
nothing far the members Of tee C2ionT. COIL
pellea, as ne are told, tho Trustees to appoint
johnson attorney in fact for the colo.yr o7eo q
the principal creditors who, up to that time had
bEcn strongly opposed to the management Of
johnson, and lad declared that he would have
nothing to do with hin in tis & eoaaee" a:
6eeS ea Sh to the asa1 eS''nyi his "a assedsss s
side With the attorney, and !, th;eatenea
to forec1ose his mortgage against the Colony
johnson was not appointed to control toe COLO
ny; and power of attorney YES GRATED. glsaaS
direct and conduct the entiza business acd
property Of the Colony to sell, aad do as he SAW
lit. &c. 4 meeting WIS called BY tue 1Iasteess
and the members were requested 20 1Ituy a.4
confivra this act of the Trustees TEis Tns not
q Iscal meeting, and. as the power ct attorney
vas not read % the meeting, or o1he-Wsao MADE
kooUn to the members, it could not have been
ratified or confined, us Mr. Bennett alleges II
THIS power Ct attorney, which has been the
cause Of so much misery end Losses TO the NELL
| bers, is the same one which SeEncts th:nka We
| au.p!e authority for Johnson to make tho doed
! to joazs. It would not take much Of io"yer
| to see that tho Colony charter Goes not T2s1a-s
the Trustees to delegate Their trust anu disefe.
| t;onary power to ny osceF Fefson; .,es ss
| least, not to a man whom the
Trustees. hut 3 few months previous M hao Pno+.
| which 1o hsd held IN the Colony Any one can
son th.t i. must l.cyo been soroo .lawyer trick"
sot to r.ork in connection with this power oi st.
| toxaeS- ,za
| 4hat Johnson lad special authority to eel par
t;culariy The Chicago lands; but there IS no such
! 1ocd dosc-ibed or mentioned ic that document
It was general power Of attorney to control IL
| the property of tie Colony,-smecp;nS every
f1.inr inc,utlinc all that johnson could Icy his
| E.nds m. and Going far beyond the charter or
! ,nv so;,nd rcasop.
Anot5er good excuse. for selling the land at
.,at .;1ne fnr Ear1lr 70 urice. Is found in Ben
,.a,t,s atata1ne:t. IN which he says: The Truth
@ ;s *Sa Colony Ind been pressed for funds 20
11aeis iis obl;ratiocs." But the real truth is,
thet the last statement about the affairs c: the
m,1a h thu Trustees, in JANUARY, 1850. 1t
| 49, time fno Trastoes reported the
Ca;orv debt 10 be 975, 5,6325.3s4 sna
fla aysilablo property, in produce, merchtn-
G:se county bonds stos1z, bilis receivable,
Ic to tse a.count ot s195, fs9!ss. To this we
vii add that tho books from which 1he 2nove
statement wes E,ada had been ttandnieatly q,
tered in 1850 i'll favor OF tho Trustees. aa ploSeo
in the suit now pending. to The amount OF Sa2,-
debts Of the Colony. worth Sl33. SIS. Persona
properly, 5i0,197- Produce shipped cnG @ sois
I for the years 1850 and 1861. and part OF 1909
amounting to s97.259.42. AsscsEanI paid Il
amouot to .99 Of which ii least sl75. .o2t
had al the ti:7,o of the sa1o OF the Chicago land
been converted into ca4h- When tie I1assse'
had all tncsc funds for the purpose Of paying
/, debt Of 915.6.5.s4L We canaot SEQ the neeees!t'
in sacrifcing the Chicago lands. But the :act il
ito Colony debts have not bean Paid, even sinc
the Chicago Lands were sold The members TsIe @
| a few years ago compelled to assume, AID ha7
: pcid. Colony debt to Mr. Sib1ey to the a:7oun
of S76, ,2l3.23 for which the lauds divided to tn
; members hsd been sold On execution Ella
| Greonebaum has been paid By tue member
| about 50, ,755.5s. Benjamin Lombard and oth
era, SIS, ,674 Is, for land cold on execution, dc
, y;hich had been divided to the nenbera. Inter
cs. on the assessment Of 1852 and m on the S1 sble
i8i0. making sum total Of 5763, 5000 An
Z | ve. the Colony debts aza not Ill peld Som
; lands belonging to the members are, at the Ete:
ent time. advertised to De gold e, 70 pay Golon
debts, and other large debts are stu uaeer &C &C
!. | ius:ment before tho Master In Gaancely, n
/ amounts Of which We cannot tell. 1hese =!