Staunton vindicator. [volume] (Staunton, Va.) 1860-1896, 1876-03-03

Lushbaugh debt. ............ 10000
TOWberman debt. Observation-Disclosures. 10000
Bank debt. 100000
Premiums for 1875. ..."............ 1852
Other premiums estimated ......... 600. 90
S. .e6
To meet these liabilities there is nothing
that the Fair has to look to except the bal
ances on the unpaid corporators' bonds.
These appear from the treasurer's report
ito amount to $13 ,923.90. From a casual
study of this report your committee can
readily see that large proportion of this
sum is worthless, from the fact of the in
solvency Of many of the corporators, and
from the further fact that in many in
stances there are credits due on these
bonds which have not come to the knowl-
edge of the treasurer, and therefore have
not been placed thereon. Your commit
tee suppose that about $4,000 may be made
out of this source. Besides this, the real
estate owned at the Fair Grounds and the
furniture and implements thereto belong
ing are all the assets belonging to the cor
l0ratlOn.
HANDING TEE BOOKS TO COMMISSIONER.
With these books before them the COM
mittee would respectfully recommend to
the eerporators the adoption of the follow
ing measures:
A reference Of the books and papers of
both treasurer and secretaries to j. M.
Kinney, commissioner, to make a report
so far as he can from them and any teSti-
mony which may be adduced before him:
LIST, Ofall debts due from the corporation
to any persons other than corporators.
I'd, OF all debts due from the corporation
to cOrp0rators over and above their bonds.
Sd, OF all debts due from corporatOrs to
the corporation after deducting the credits
to which they may prove themselves enti-
tied either from the records of the Fair OF
from other legal evidence.
THOSE CORPORATOR's GATE PRIVILEGES
PILLORYING THE DEAD BEATS.
And that before taking such an account
he give notice in all the papers published
in Staunton for one month, of the time and
place Of taking the same. Your committee
name Mr.. Kinney becauss he has already
somewhat familiarized himself with this
matter, and can do this with less labor and
time and therefore less expense than any
other. Your committee being persuaded
that great Irregularities have been the re-
suit of the corporator'S ticket system here
tofore in practice, and fully admitting the
RIGHTS of corporators under the agreement
with which they took stock, to introduce
their families free, would respectfully sug-
gest that an appeal should be made to them
agree to pay as Others to enter the ground,
and in default of this being acceded to by
them that certificate be issued to each
corporator who has paid up his bond, Or
quota thereon, that he has done so, and
that no tickets be issued at all, but that
corporators be required to attend to the
entrance at the gate of those claiming to be
their families. This will be onerous in
some measure, yet every one will be dis
posed to submit to some inconvenience
rather than the society be defrauded as it
las heretofore been by the INSCRIPTIONS
sale of tickets to parties not entitled there
to. If in the wisdom of the corporation
this be deemed inadvisable, your commit
tee can only recommend that each corpora
tor be required to give the names and ages
of each member of his family for whom he
desires ticket, and that the secretary be
required to write the name of each and his
or her age upon ticket given. This will be
some protection, as it will enable the au-
thorities to detect in many instances the
fraud and pillory in public opinion the
perpetrators thereof.
ASKED TO GIVE Up PREMIUMS,
Your committee further recommend that
the parties to whom premiums are due
other than corporatOrs whose bonds are
not paid, be appealed to by circular letter
setting forth the condition of the corpora
ton and asking the parties to fOrego the
debt in whole or in part to enable the So
ciety to pay off the liabilities that now
threaten to destroy it, and that a list Of
the names and amounts so RENTED shall
be kept and published in some newspaper
in Staunton once week.
ASKING A FAVOR.
Your committee further recommend that
scorpol~ atOrs ond other friends of the fair bt
urged III the same letter to exhibit one
wear without claiming any premium, witt
a view to tie same desirable end.
ACALL FOR AID FROM THE COUNTY AMI
CITY.
Your committee feel assured they will
be borne out in the assertion that the fai
has not only been source of great socia
happiness and comfort to the citizens O
the county and the city Of Staunton, bu
that the material prosperity OF both hay,
been and are largely increased thereby. 4
glance at the difference in the stock: horses
cattle, sheep and hogs-exhibited at tn
two last fairs, in comparison with those a
the first, will fully demonstrate the latte
clause Of the proposition. and every on
feels an inner consciousness of the trutl
of the first. The question arises, can th
county and city afford to forego the ad
yantages flowing directly and indirectly t
them from the continuance of such an in
stitution in their midst? And since tn
fifth section of the act Incorporating th
Augusta county fair makes provision bot