, 1874-12-08


rofrain from i1ching from them tho moans Of
securing their ctcrnnl yalyhtion.
From tho nblo, an1, to ovory cit'zon Of CHI.
caEo, personally intoroBtlnX rapport, OF ita proa-
dent, lcnrl tint, In accordnnro with tho rnoH
Of tl,a l,onrd, tho annual elootlon Of ohfcera
Soptonbor lant, aud tho Standing Comn'lttoaB
woro .nppointpd by tho l'roedout oil tho last
Inoatay OF tho naulo month. at t!'sn tirno the
nav organization found a 1hrge nmount or worry
vniuabIo Property bnlouging so tho School Fund
bud boon Devised far tho benefit OF aaid School
Fund III auc!i condition tllat IL lint! noyor como
into tho posncssion Of tho 1}oard, and tins no
~ ,'eonlo yas dorlYod thorofroin. Thu lcAsacs Of
ap pr0pssty per s Gwed oor for roH }s
VIII appear. II, detail tr reference to
tho roport Of Janoa t'ogen, Esq, Chnrn,nn Of
ta t'ie Committee on School Fund Property. Said
Committed. 1onr,,, lavo been anre,nllting in
school fund. Tlo Inv Department OF tlo city
lavo .glyon nil tho tfmo they could poueibl;y
nparo to tho na'ne object. Several injsinetlons
naYo been obtained roAtrainng tue city from coll
jeotlF tue rontA due from eortnin OF the lensccs
i,,1 named. These in1nnctiouB are stil pondlng.
iile Remaining lcHsccs hayo not paid rent, many
Or then not for four yonrs lnst past. Judging
from tic paHt, probably they will uaycr pay until
tley arc compo!!cl to do 30: In yiow Of all
son,o decDlyo legal atepn aro taken, bnt little
eau l,o realized upon iebta that nro nartIv due
tho Eclsool fund. Somo Of tilo original loasocB
l.Evo aold tholr leaacs at T. bonus ut <}1u,Qu0.
fronthgo III block ld2, y. $. Addition. Eo.no Of
tl,oso io!a cannot 10 bought for TINT amount.
lot tleHo pnrtfcs pay no rent, thorotoro
forcing All income. Of ta:ea to mako up
tho dellcio'cy, aud thus compelling the rooplo
tl!o properly coud bo managed Ms private indi-
yidaala usually manage their property, llayo
no hesitation IN saylg TINT a1l income would DO
aerlYcd tl3 tlerefT2m sufficient, with tho annual
amount Of s530oo0. Though ti,is iu unattai1,. it,
able, yot tho aa1no amount could bo rcaizoa by
selling gll Of thB property for tho intercBt OIL tho
proceeds Tho amount which would thon be
realizod Or tho property T. in tho nEnro. Of city
annually nnio,,nt to io550. ono; in any oyont to
not much 1esa. Efforts Layo recently boon maio
BY tho Board to soil such property rs IL not uudcr
leaHo, but no purchasers havo Yet been found
who won1d offer what tho Board considered u
fair prico for tEB property.
Since the 18th or October Inst. nm income lima
boon derived from tho old poBs-O Oliise sita, tho
leHAoes paying s22 6u0 for slrco yoars, In month";
lv inatamcnts OF s'G35 each, leaving at lcast
Slb, ono worth OF permanent improvements. At
thiR tinlo such improvements arc being actua!ly
matte,
from tho foregoing stateraent Of facts I bo-
Nevo sufficient ilnH boon shown to provo that un-
ucstlonably tho best intei osts of the Donrd and
city demand TINT aolno ouc vorsed in tho iG.E,
Hllould bo specially appointed 40 attund to tho
,nattora referred to-. For como time to como
this duty will talie bis entire timc. feel COLI
yncod that tho benotits derived from such an
appointment Nndor the controt Of tho Bunrd of
Education would he largely III EXCESS of tho cx-
pcnso ipcNrrcd.
by tho ,,ibt Of Jan,,ary tho Joncs, md tho
school being crrctcd on tho corner OF Twenty