The New Orleans Democrat. (New Orleans, La.) 1875-1876, 1876-03-12
= .,.TwJCT INyEsTSGATION.
..,.rs nj the Real Estate PO"l-The
peTS...s,aent Under suspicion.

President uh"er S"sp'c'""'
.,u.on sneeial 9Th. to the st. Louis Repub-
Fsshihs lican.I
Investigations into what Is known
lug roal estate pool Of the District or
o Wy hia promise to bring out a sensa..
nmn,,aI to the Belknap exposure, II
you ocbarges which have been made
TIE ,nat high officials in connection with
again 's ing are substantiated. ABOUT the
tnls he Board OF Public Works under
l nnSs Shepherds government began
!se reconstruction OF TINS Guy, an
the d,otion WAS formed entitled the
as9 state pool $4,000 being put
real nool for the purpose of buying
inwg selIinq i'm real estate in Washing
anu m this sum it Is known that J.
ohih X Co. subscribed e-half-tbat
ooysSoS isy0-but the remainder was sub
s,.hed bv five parties unknown. The
sc lnev was placed in the hands Of an
m sant' in whose name all purchases and
49, W. we're made. 1t was quickly APP
sa a,snt to such residents OF the District,
'sever. as were advised OF the exist
VA IVA Of this real estate pool, that the
s..sties back OF this agent, and whose
ppames we're SO singularly concealed,
asd great influence In the board OF pub
p p", works, for soon as they would make
use in an unimproved portion OF
s ~ ci Htly the board OF public works
no MD 4" AZ once begin expen-
T wa improvements In that neigh
srJb and so appreciate the value OF
i %,n nroperty that the pool easily sold
w At an advance, in some cases for
G snrb J the money paid. Altogether 1t
a Y Mia their transactions covered prop
s,t s"'t to the extent Of 5000. 900 In value.
XIV ahen Jaw Cooke Il 90. went up, the as
, nmUs of that firm vas necessarily com
s se1led to close its accounts with the
Isa estate pool, at that time represented
L." a man named Kilbourne. In some
ssv this settlement was made in the
, sSy OF compromise, by which about
.~slve acres Of town lots were turned
war 10 the assignee OF the bankrupt
banking firm.
WHO WERE IN THE POOL.
aomething more than thirty acres re-
aimed in Kilbourne's hands, and the
I 9"rtv. third House made some effort to
s svd ont to whom this property still
hnld bv KiIbourne really belonged, the
naos ,n being strong that the United
S.ates as one of the creditors OF Jay
cantc q Co., might get slice Of ii. by
SsveIoping the secrets Of the pool. The
Investigation was failure, however, no
Evidence being obtained as to the names
y the FIVE unknown members OF the
rool This Congress has begun the
ssme work, and the action OF Kilbourne
IN o saturday, when he refused to dis
close the names OF the parties Tor
rbon he is agent, Indicates the
course which Is to be followed In
he effort to continue the cOncealment
diacts. Latta, who was also included
IN Inc subDfpnn duCes teCum issued by
the committee, was at one tlme the
noe of the pool, and he joined with
s TIlbonrne in the same reply. both being
ranresented by Judge Jere Black. The
sIaim ia made that Kilbourne and Latta
bnth acted as attorneys for the parties
,hey represented, and that their names
mi ali communications with them are
n be regarded as privileged. This per-
sistent effort, however, to conceal the
Identity Of these parties has strength
eped the suspicion that they were peo-
pja whose connection with the pool
would subject them TO criminal prose-
cution If made public.
THE PRESIDENT UNDER SUSPICION.
One OF the matters which the commit
tee have been recently advised q shows
prpe1QenD NtTHUJ III u SbibuSO
and will at least compel him to make
an explanation Of circumstances which
mist he otherwise regarded as more
than suspicious. Just before the iny yes.
tication of the real estate pool by the
Fortv.third Congress, piece Of prop
srty valued at $4,000 was decided to the
President by the pool, but the deed
was not recorded until the inyestiga-
al
months elapsing before 1t was recorded.
This seems to indicate that the PEesi-
dent desired to conceal this transaction,
Or at least feared inquiry by the CON-
mittee of the last House. The date OF
the deed and the date OF Its recording
will be brought before the committee,
and some OF its members advocate, q
resolution Of inquiry directed TO the
President. Inasmuch as 1t involves ms
PERSONAL affairs entirely this course Will
scarcely be followed, and the President
will most likely be left to follow his
own will regarding 1T.