New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1875-06-13

New York, who disposed OF his darkles
and got away, and the secessionist from
Ireland, who bought his darkies and could
not get away, were alike. and like to their
brethren and successors.
THE M'DONOGH INTEREST FUND.
I Whatever may have been the short
comings of the late Wilt administration
in some other respects. it is entitled to
credit for the faithful manner in which
the McDonogh school fund was managed.
The interest was applied to the construc-
ton of new schoolhouses. which were
turned over to the board upon completion.
The old De Soto School. in the eighth
ward, which was destroyed by fire. is re-
placed by the McDonogh No. 2, as the
old building used for the Chalmette, in
the same district, has been superseded by
the McDonogh No. 3. In addition to
these fine building was erected i'll Al
giers. into which the Chestnut School has
been moved since April. A contract has
been entered into for still fourth. which
is now on the eve Of being consummated
! by the present city administration.
II will be seen by the letter of Superin.
tendent Boothby to Mayor Leeds. which
we publish this morning, that this good
! work is to be continued, with the pros
pect of giving the next building to be
! erected from this fund to the Sixth Dis
trict. It is only the interest on the fund
which is thus applied. the principal being
! left intact. So far there seems to be
! disposition on the part Of Mayor Leeds.
| and the other commissioners of the fund.
to follow the good example of their prede-
cessors. though, perhaps, we may say
their movemements have been character
lied by more deliberation. The annual
interest of the McDonogh fund amounts
to about S37. 600. and as soon as any part
of this is made available it stops the pay.
ment Of rents to an extent proportionate
to the sum expended in new buildings.
and thus effects saving to the school
fund It is not necessary that we should
explain that this is very desirable. as the
pecuniary difficulties Of our school system
have been stated time and again.
We hope. therefore. that Messrs Leeds.
Pilsbury and associates will lose no time
in perfecting such arrangements as will
give us the new school building in the
Sixth District by the first of September.
OF as soon thereafter as practicable. Mr..
Boothby estimates that saving Of $4,000
year can be made as soon as the new
schoolhouse is ready. We think the
estimate Of tho superintendent is under
rather than over the mark. Aside flom
the saving in money. there will be also
gain in the comforts and conveniences
afforded by having one first class build
ing, instead Of four. which are in no sense
fit FOX school purposes.
In this connection we desire TO cali at
tention to another matter for the purpose
of making an inquiry. We copied . few
weeks ago from the Baltimore american a
paragraph containing the information that
M7 II. c. Dallum. a Baltimore attorney
at law. representing the McDonogh fund of
his city. has obtained a judgment against
the United States in tho Supreme
Cour. for 5000 acres Of land
situated in the Florida parishes. and that
the general land Office has issued the GER
;ifica,es Of scrip. We suppose New Or.
leans is the co-heir of Baltimore in all the
benefits 20 be derived from the McDonogh
estate under the will. and that we are en-
tit!ed also to &c, 90 acres Of land or some
s.c.: quantity. We have no: yet been
able 20 NEE: with any Of our citizens who
possess definite knowledge upon this
point, but hope the interests OF the city
have not been overlooked. The land
scrip would command a pretty fair price
in the market. The proceeds could be
funded in city bonds at thir;y-fye or forty
cent, on the dollar. and thus perhaps an
other hundred thousand dollars added to
Il. fund, equal TO $1,000 or $1,000 year.
All this. Of course. subiec: to some *
;,e,.s.s for lawyers fees. etc, which ought
hot TO be much, since Nj. Dallum has