, 1873-12-28
It Is Turned Over to a Trustee
for the City.
Tho Realty Is Valued at $3.50, 900 and
tho Personally at $10l, 1000.
With the Bonds Of the Suspended
Banks it Makes $528,500.
While the Deficit Is $507,0o0
Nothing Further In tho Criminal Prose.
cution.-0'lara's Letter Un-
answered.

Lust evening there was meeting at tho Pa-
ci1c Hotel Of Corporations Counsel Norton and
alr. Barney Cauldold, representing tho city, md
Dir. Gage nutl his counsel Alr. hfattock, to con-
cludo tho legal forms necessary to turn ovor Dir.
f1ago'a property to u tr1astoo for the benefit of
Tho city, Mr.. George Taylor ex-City Comptroller,
boing agrood upon as tho Trustoe.
THE TRUST DEED
Ut which the following iB II full abstract, was
signed, scaled, mud delivered to tho Corporation
Counae:
II Dacombcr, III tho yoar Of MIR Lord 1876 by u,, BE-
tween David a. Gage, and Eliza NJ, Ills Wife Of tho
lho rst part aud acorge Taylor Of same place Of tho
'econd par wnesaeth TINT parties Of tho first par n
] sss s 8 s s i pn naa d s sss ss: ss Ct
hereby created 10 10 executed by party Of The second
eart hayo grnn!sa, etts, and BY thess pressnts;
following described parcela Of land, being jn tho
east Of + ses. % Is. T Town ~ st. SortS Hangs e il East
I'd ?. NJ alse Lot !, ~ the Partition y Commission.
s s " The g1 o % DO 1oox ct
IL East, sd !. Ill., said two piecea ef laid continuing
Soc. Soc in Town 3D. \. H. 19 i. Of Sd r A. being thir-
ry acres Of land in said section. for more particular
corlsd conveyauccs thereof 10 paltl D. L. Gage aiEo
let q clasks Addon to chiesso, hsing The
dwelling house No. COL aud 600 aliehigan nv
@ Of oty I Sg & qAsse 2 Ssei Ss s d. asx'1 as s
SUBJECT to an nennbirancc Of sas 900 toget,er viii Ill
ts 3 sas ss I s asSKs 1xS f ss o sa a n,rss
1a.t his successor successors In trat and assigns
ttfS MN In Forj jhn 1,ot{n oa7t4r-
,pg tho CIV, Of ch,eaRo, aga!nAt 9ny, loas On
account Of the ;ndehteancgs of aata David @ 4;
III trust for tho following purposes, to wit:
10 take the possession. charge, management and con.
@ Of ~ e S S ps .n and Parcels Of
Of the saea thereof, nil taxes and assessments levied
and assesscd thereon, also Insurance. on buildings and
tho reasonable costs and expenses Of tho management
ot tho promises hereby conveyed, during tha
rontinuuncs Of this trust. And, under ths direction
City Of Chicngo, such concurrence to be evidenced BY
tIc egnatnru Of the said Comptroller to tho dcel Of
convcyanre, md, the Ha1ne can bo done to
tho interest Of I'LL concerned to sell and convey said
premises or any part Of the Same, or 10 much
Trustee aud said Comptroller may seem best, and to
make. sig1 aeknowlelGe, and deliver good and sn-
o hc
to receive the proceeds Of any such satc o. saes and
put Of The net rents profits and revenue o. said PREM
into the Treasury of suid City Of Chicago
nrc. shall be, found to DO due and owing by said
David i. GaKo to said clty, until tho wlolu shall he
ruia: And III case ths faia et rents. profits income
and proceeds Of nale shall be insufficient for this pur
pose then to apply .ae Bamo In satisfaction Of such
iarts Of said Indebtedness, Bnd Golnrtroller shall
deem for the Interest Of said city, until the whole shall
be expended.
aud, upon tle further trust, tha upon payment Of
al sad ineledness either out ct .he proceeds Of
Nd a. Gage, his lclra or assgns, a Of sail premises
which may DO left after tie full payment Of said in
debtcdncss thru remaining unsol1; an to rny over to
s,d Davld 4. Gage hls )lers or assigns, surplus
proceeds III any manner derived from sad premises,
attending tho execution of this rnut Including fair
and reasonable compensation to Had trasee for Ills
services In the premises.
Pf0Eidta honerer, hn 1t !H expressly agreed by the
the said David a. Gage, TINT tits conveyance s not to
le In my Satisfaction Of auy part Of aal in
for MY delay interference with ay other
satd city may haye taAen or 1nny take, 10 secure
or 10 collect said indebtedness any part thereof.
Then follows clause waiying exemption Of
homestead, etc., and nlA0 cialHo Of seizure in
warranty.
Then comes aclnuso appointing John DeKoyen
succcssor in trust in OF tho death or inabil-
ity to act Of tho first Trustee.
Tho decd then continues al follows:
1u ead real es.ate shall nut be sold in accord
with the provisions ercibcforo ect forth, whi,l
the psriod Of eight mouths from the date hereof, ton
raid Comptroller shull have the power 10 order per
nnsEtory salo thoreof, on such terms to him Hhu
tcc1n best for tho interests of the raid City Of Chi
rugo.
In witness whereof, etc.
Signed DAVID A. GAuE. (Seal1
ELIZA N. GAGE. [8call
Properly acknowledged before Charles O. 1Ient1orn,
Notary Public
WHAT THE PROPERTY tn.
Reduced to plain language the property above
described is as follows:
Atwood far,n 5a acres {no icu,nbranco) 49,. 900
10 acrra In village II Lyons, containing Two
limo kllns. engine house, and seven houses
rented 1t ii 560 tlo inr,inbrancc) ........ 15ooa
Michigan avenue houses tnu lncumbrance)... 10000
corner Of Franklin ind jackson. $4,000
Totnl. ,$2s0, 900
THE PERSONAL PROPERTY.
Tho f0oy7inr unlHonnI property nnk receasnrv