National Republican. (Washington City (D.C.)) 1872-1888, 1874-03-11


N =
al Mr.. Wilson, Mr.. Baker may answer. y
Nj Baker,, Yea SIR.
q, Makfnr IN aggregate Of t916, 562.4 40 di
lbufsements on secOunt Of the schools.
A, Receipts, tea mean.
o. Receints on account of schools.
= A. Yes, sir.
o. Then understand from the testimou
. that has already been given, that there hs
!, been disbursed on account of schools SS1S, 78
) That is correct!
= Mr., Merrick, Yes, str.
!. o. This s215, 94S 20 received from the sale {
: hypothecation of these bonds has been rein
j bursed to the District government, has It not
' A. Yes, sir.
@. That, then, would leave a surplus-tbe
! having paid out S2l5, 200, and afterward r,
! cefyed It back apain-wouid leave now IN III
! hands of the District $40 .814 4Ol
Mr.. Merr;ck Ihave already stated that.
stated n hefors yon car,a ;n
! M. Msttinrly. rDo Won ~ w;.b Mr. B.ker I
answer these SEestions, sirs
J Mr.. Wilson. Yes. sir. I want to see If ur
! derstsnd the testimony
Mr. Raker In aT n. ,,es,,ona that bsv
been asked me hv this committee. either oraIi
lor In Writino .sto how much has been receive
from tsxes ~ ho,, much has heen ernende5
have answorod -
q. Yes that "a t,,e and that sbovs an .,
cess Of &i-s IN r. "a trnc tbat "
; received thst s1zs ooo from somevbere
bnt We d;d not receive Il from an
orn,nent hy, No roce;rad ~ hv GIVING m
honds We OWE n inst ne much nave ever did
II came from our own bonds. II only Change,
The form of The debt
q Tfyou Will eycnse me Mr.. Baker the mint q
NV ina;rv Is directed to fbis. Ia there not reall
a surnlus now in the hands of the Distric
government. or should there not be an accoun
Iof these schools and school fund! A. Their
would mot be if our debts were paid; if GU
borrowed money was paid.
O. That is yerv probable. But Won receiyct
over 500, 900 from taxes that you actually col
Iecteda A. Yes. sir -
O. You received S9l5 600 and upvards from
u the hypothecation of bonds, A, Yes, sir,
O. That has been paid back to Won, has 4
not! A. Yes. sir: our bonds given back acai,
i'm return.
O Then If Won CHARGED II on the one hand
having received it. YOU Should credit it back OF
the other, should you not?
The Chairman. To the school fund.
Mr.. Baker. Not until the final settlement.
By Mr.. Wilson. But yon have received the
money, why not give the fund credit for it
A. The bonds are not sold, but hypothecated
Q. But you have got the money. 1under
stand there were 81 200 900 of bonds issued or
account Of the old indebtedness. Is that cor.
rect A. Yes, sir.
g. Those bonds were hypothecated, and the
District government received money on account
of them! A. A large portion of them were
paid out for debts for the city.
Q. And hypothecated, and you received the
money! A. Yes, sir.
Q. Then, with that money you received you
paid the old debts Of the corporation Of Wash
ington! A. Yes, sir.
@. And you have accordingly charged that
on your books! A. Yes, sir
Q. Then YOU received the money back again.
O.. Now If you credit It back again, does IT
not leave surplus of over $4,000 ON your
hands to the credit of tbs school fund.- A. 1t
would IL we received It from taxes.
Q. But does it make any difference? You
charged 1t to them because you paid them the
money. Then you used their scrip and got
money and reimbursed yourselves; did you
Mr.. Mattingly. Took it from other sources.
Mr.. Baker. We reimbursed by giving our
bonds-Dstr;ct bonds-
N wbot were tboea other honda vor, b.d
whose bonds were thew A. They were nil
issued I'm the name of the District. to hold the
nronerty of the District of Columbia. on nc.
count NJ this old indebtedness
n Then in making nm vonr stat.ments n
,o IL, ,.rod .,ar, WITH ths sois ao0 ~, ~. nro
hand and HATING maid n ont and rrcejved ~
hack again NV this nrocess- wby not give them
the credit for II? K. would not saw without
nv hooEs before me that this x1T3 ON h All
occa stoned NV this s215 ono
n Sunnose n tnrns ont n ras3 A Thar
was a deficiencv veaH after wear. But stand
Nv INV ORIGINAL ststement If that amount re-
cs;red from taxes. and that amount Maid ont
O Exsctlv. bnt Won zee I am endcavorino 10
ascertain whether there Ia or NOT somethine in
this case bevond vonr ORIGINAL statement
Yonr or;oinai Statement Was. confined to the
amount Collected from taxes. am now
directino vonr attention tn the Question
wbetheE vo yo have NOT rece;ved money from
other sources that belonged to this school fund.
T want to know whv Won ala not credit the
school fnnd with S215, O0O Maid hack tn Won
by the process which YOU have ststedf <. I
think n Is so carried on INV books.
o. Then how do Won make . deficiency,
Does not that give YOU a SURPLUS? A. No. sir !.
because as I said before. II was only a matte,
of hook- keening-only cbanoinp the form of
the debt. - -.
q Has this matter as tn the manner IN which
this account should be kept ever been a mater
of controversy between yourselves and anv
other nersonI A" No sir.
n Have Won and M Ricbards had anv Dis
sbouid not be credited, backl A. MI. Rich
ards and have had Considerable controversy.
I would not like to saw positively, but INV mem
orv does not carry me back to ANYTHING In re-
hard to this particular item. Still, II might
gave been. Any question that YOU ask me
here / will answer from the books,
O. If Won had credited. having been reim-
bursed This S2l5 600. If II Is entered mn to the
credit Of this fund on the books. then Won have
a surplus of money in favor of the school fund.
have YOU not A. Yes, sir.
o. II IA simply a question then whether T.
sbom,d he 30 credited! A. Yes. air. But at
the same time we owe Il to the First National
Rank
q Exactlv. Int thew have. ont these honda
bayen,t they. A. Yes. sir. INIT thew have
realized no money ON them.
o. You seemed to have realized when Won
bxnotbecate1 them and got the money on the
fs;th of them
The Chairman. lathe last note overdnes
A. Yes. sir.
By Mr.. Allison. He stated It was payable
on demand, believe, the other day.
Mr.. Mattingly. We will furnish the COM
mittee with a tabular statement showing ex-
actly how this thing is.
Mr.. Harrington. Mr.. Need was here the
other1day with q tabular statement, and the
committee did not see at to examine him.
Mr.. Wilson. Who is that9
Mr:Harrington. 1 say that Mr.. Need was