The daily Argus. (Rock Island, Ill.) 1873-1877, 1874-05-11
Has the Ferry Company Paid the School Dis


trieti
In the winter of 1857, when VIM. Bailey
was Mayor, the ferry company agreed, i'll
the city would not oppose the renewal of
its charter, to pay the city one thousand
dollars year during the existence of said
renewed charter. The Mayor Bailey,
with the.advice of Aldermen, made the
agreement, and the charter was renewed
without opposition, after that agreement,
from the city. 1t was stipulated in the
charter that $500 year should be paid to
the school board, and it was verbally agreed
that the other $500 year should be paid
to the city treasury. The school board has
been paid-but the ferry company still, in
honor, owes the city $4,000 and interest.
We are often asked if there is any evi-
dence that the ferry company ever paid
the school board anything. We answer:
Yes. We examined the treasurer's books,
with Judge Lynde, this morning, and find
that the ferry company paid the school
board as follows:
1S62-April oath. $500. 90
lS63-November 18th .......... 10000
lS64-Septembe her Goth. .......... 10000
lS65-February llth. ........... 10000
lS66-March eth. .............. 10000
And on the Both of March, 500, 81, 062. so,
as appears by the following contract:
WHEREAS, by provision in the charter
of the Rock Island and Davenport Ferry
Company the said Company is required to
pay annually the sum of five hundred dol
lars to the Board of Education of the Rock
Island school district all of which that has
become due has been paid by Spencer, Rob-
inson & CO., (which firm constitutes the
the said Ferry Company and there now
remain five payments to be made to COM
ply with the said provision, the first of
| which will become due on the 2Sth day of
| February 1867, and one each year thereaf-
ter, the last being due on the 2Sth day of
February 1871.
| Now this agreement witnesseth that the
said Board Of Education of Rock Island
school district in consideration OF the SUN
of two thousand and sixty two dollars and
| fifty cents in money to them paid by John
W. Spencer, do hereby assign the said
claim upon the said Ferry Company for the
said payments, five in number, of five hun,
dred dollars each, due as aforesaid, to him the
Spencer, and do hereby acknowledge full
payment therefor. And the said Board of
| Education for themselves and their sue
cessors in Office do hereby agree with the
said John W. Spencer that in case the liza
bility of said Ferry Company to mike the
said payments shall cease from any cause
whatever, the Board of Education of the
Rock Island school district shall refund to
him, the said Spencer, such of the said
payments as they become due as the said
| Ferry Company may not be liable for.
| In witness whereof the said Board of Ed
ucation of the Rock Island school district
| have caused this agreement to be signed by
| all it's members, and countersigned by the
| Clerk and the seal to be hereto affixed this
3Oth day of March 1866.
z. L. MITCHELL,
! L. S. GEO. MIXTER,
W l.. SWEENEY.
Board of Education of R. |. School Dist.
Witness, J. Nj. Cow, Clerk.
In consideration of payment in advance
for the last FIVE years, the interest dis
counted left the board 81, 062. so instead of
10000 as would have been received by
waiting for each year until it became due.
This paid the school board for the ten
years of the charter from 1861 to 1871, the
charter expiring on the Goth of February
1871.
In 1867 the ferry company got the char
ter renewed for 10 years, that is from Feb
25. 1871 to Feb. 25, 1881, and it has paiC
the school board for 1871 and 1872, as APP
pears on the treasurer books as follows
1872 November 29th. $1,000
| 1872 December 23d ....... 5000
And the ferry company owes the school
board $500 for 1873, which should hav,
been paid last fall and there will also be dut
the school board $500 year every fall til
the charter expires-eight payments more
one of which was due last fall and is still
unpaid, and on which interest is also due
from last fall.
The $500 a year for the ten years from
1861 to 1871 which the ferry COMPANY
agreed to pay into the city treasury, il
honestly and morally due, together with
the interest, and there would be mucl
more kindly feeling towards the ferry com
pany by the people OF this city if the com
pany should hand over to the city treasure
this sum By every consideration of hon
: or and honesty it is the eity's money an
e the city ought to have it.
A New MANUFACTURING FIRM FELL
| HOUSE q BUTCHER Our readers hav
not failed to notice the card of Messr.
D Fieldhouse 4 butcher AS the frm wi
o be prepared to fill orders in their line dul