The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-03-10
THE REAL ESTATE POOL.
s,v Cooke a Co.'S Interest In the Pool
President Grnut Pnrtncr-A District
Ju,lac In the King-Thc Foreign Naval
Account GnrncIds Pavement Bribc.

W,.mNGroN. March Below will be
funl the most important points in the report
,r.i.lr.l hy Mr.. Glover. Chairman of the Real
i-Mi. Pool Committee, a doumrnt which con-
Tain. such crushing facts that the Republicans
pro,cntcd it from being printed. 1t affords
SOM, interesting information relating to those
,,h, vrr. specially Interested in the spocula-
ton- of tine District Ring
I'M select committee appointed by virtue Of
resolution of tue House Jan. II. 1876. and whose
noy.r- have brrn extended 10y resolutions VI
hrru3uuI Apr. l9 1876. all Of which are here
viff,prilt.,d. rr ont the following report
ON Fap II. 1871. an act of Congress WIS an
pr,,.I rro.nIHins the Government Of the Dis
iriut of Columbia. section 81 whereof cstah-
lI-lri Board OF Public Works with large
pow r- over public moneys and over the prop
cry ni private cItiz. n- residing or holding real
c-u,' In the District This board the people
ami property owners of the District had no
control over AMI No voice in choosing. Its
m"m hors were nominated 10y the President and
rnnuIfucd hv the Srnut". and were in M way
ro.ppusibe a. those Whose, real estate tlrv were
empowered 81 rut up and utter at owners cN-
p'ns'. aud on whom they were authorized to
Nit'r little moro than three years the Joint
s"l'. committee raised to invest gut' its opera
tNus reported. June l6. 1874. in favor Of its
~ .itI ui, which wis urrcpd to hN both Houses
ul congress with substantial unHnimity.
Tl" "n't of such government was, that
thr hr.i, '-s l. .ople of the District-thc lattcrs
d.pt u.. ia thre' wears iused from S3OOOOOO
e. uHttiv or an. s2lWohoj-doSpitr the act OF
tuu.r'.- iorhddins this: the local govern
mont hr anne practically msolVrut It's evidence
OF mi 'nt 'dncsS falling nearly tp nty cents on
being oven now uncertain. fNOrite lew
icred
The managers Of this oppression and plumber
could moi hut nave been aware that they stood
In danger OF exposure. and they according " re
sorted to mems whereby exposure and defeat
niAht bee prevented. The methods through
which the press of the District WIFI mostly
s,lenrcd. ana whereby coop 'ration of ufluon-
tal men was secured. appear IN the tes-
tee above referred To-. In the inquiries
OF that cOmmttcr the fact cumc ont
n"rthW 1isrn BART of the city oi Washinst"nir.
w'st oi Thir'''nth street. north Of strrst. had
been purchased by TIA" firm pf klbourn 4
Iatu,. real e-tae dealers. known tp be- ON iuti-
mat rotations WIN the DISTRICT Government.
the putrhts = hoing nNuwady fprthe account ~
parties unknown. The revelations concerning
Tn" Credit Mohi!ier mad" during the Third ; -
slD wed that arttul and d's lgnin- men had skill
iul'v -ntrnpp-d members OF Congress and other
memo mnu''n-. mud eifndin. into positions.
". 'u made IL fn"ir intHtt- f tn discourage in
-'-Ht'0n naturally caused fn' suspicion thai
.-. purchase iN .nu 'Hlfl parties were Of u
lis sort. mi this suspicion w,i- i'epcned Icy
tir - lt.l Yrnn wnrrtWitl an ,Nlrf- Ia dis
rr.r IN. nYm.- ID. buyers were RS 4t,l XII
buurn ANA LYtin. heui- summon, briure that
ro.ln 81 '.r'iE- tltfd = 'il~' go 'iTm nth"
..Ht i'iH l'tf .iila p W d. o. \4i' "At nNMh
JAY COOKE CO.'S FAILURE
" % .lr hou-. of LAY Cooke Il O.. fail !. tho
Ih.ll'lYhq and Nr' Anr. .rrafD - were will
i'm NAT pr. yat' rpll. position snuuid he made
WIu'li would ilr % iil' nav within ll from ia"
cauu,iY Much iuinrnwticn a. whirn the peop''
had ri-.t: hut tn Mushu-tan creditors.
s"omIu-lv better informed. tfiug under tho
lead ni Mr. Columbus ~ .,uni 'r. forced the con
corn Ifi, laluIr,llt,y deprived it Thereby of II
lal- snare oi IT, power iur eva. and -"D ur"d CD
,y 1GuIy III l,cIrI N wv nv
ts..f h.i r4I ID hill iu
n,Niu-i h1ll4mru " l.,tm and others. proceed
in-- win re.n y 'ull ilv' inNolN 4 Tie dis los
loi- hui on Nov. .. 1871. iu~i a month before
,hr is- 'rih.in- 81 thi. u 'u-.. th case WIS en-
Coiumnin ~ settled. The amount accepted
tN % trust 90 In -tti"iuil is aud 'i-t God . b.
In ,.ln ~ no. lwh,h IL noi denied a value oi
over sTmpln. hal' q" Tor lp-ui money nav
drniiy 9Gni,ir To ne ..r'editor- o thai broken
nrn wh,r.of III" Unied States was the
Of tS d@S, W. u Tn W Of f''t Ia" IL,
Navy VITA tAr London bran 30 g. that house.
- from TINS COMMITTEE al tlr Inst session of
Con-r'--. AMI t.i" H-- -nm ,n- 4, the Se'r"iary
t4e ana .,uni oi si7Il.jiJ H. shown by report
~. Co.. .rur. thr Und"d Stat"s.
"n 20 n.,"Wln l'.n "' lMoii lHnds tn ihn
rr.If.. CO., JAS t,rk- a c.. 20 the rNt,nt OF
J. Or' or lutr SlnnonOD ul th tim tn cas' 81
"'- n-i hthn.n ah nih ~ WIS Wird
Tia. .ai- NHuc ol IA" claims aAilnsd JAY Cooke
Go. Icing very sna'i. d w"s lnaticr "i great
nrH should be realized ON. 80 that thu people
i'--r--'i and heuVny taxed ~ they for years
Il He million Of taxes second time. Tnc
iu-'r' r'pr.a0 ming TN" United Siat'-.
ha. .ns 'ptei nm inad"qI.ue settlement
and il-.ouri- hrng thus rendered ppwcres-
3 cnlorattl ril,ii'- oi "a. Goy'rnn nj and of
Ia. p.lpio. the liou- dfr,riel your committee
to lnpi.r. into the MIXTURE ana history OF Tn"
,ona Li.osn ns Tie R.mi E-t,tr p vol. and
q \. fflf fsfuHUf II will Doe