, 1879-01-17

THE ANIMAL MEETING
Ut tho Fifth Presbyterian Church was held last
evening In the pasloss 81 tic church, corner Of
IndEana avenue npd Thlrtteth street. MI. D.
8, Covert presided. . ...
Tho reports Of several special committees,
including one nj ich had been appointed tomaka
some sort OF arrangement to relieve tho church
from tho present embarrassment In Which It
WIS involved. 4 motion was madc 10 make an
offer OF 1900 to the Connecticut MIL
tual Insurance Company tn full set
tlcment OF alt pnpers which involved
the church tnits present difficulty. Considerable
discussion was held upon thts motion. 1hcrc
were various opinions expressed. It was under.
etotL that there WAS a Judgment which would
prob ably be hanging over tho church.. The S'00
was in settlement Of the threatened foreclosure
Wabash ayen:ie belonging to tho church. The
motion was carried.
Iii. Lang aud Sir. Dodge were called upon to
report as to the condition Of Sir Martins books,
| Is Treasurer, they having been appointed q
| committee Of Investigation. They reporte&l
| that they Ind examined tho books aud had
| found them correct.
Tho report Of the Secretary, Mr. q. n. iotcb-
| kin, 8ta;cd That at tho time the church ex-
| Changed property which It owned on Wabahf1
avenue, near Thtity-trst street, with tho First
! Baptist Church, Dec |. 1871, tho Inter assumed
M tnelmbranec o. *sN aated Ha,y h u, iSts ~
last Jnls. Tic Trustees Of tho First BAPTIST
we're totally unat'e to meet tho obligation, aud
could not p!y tho Interest on tug tnortgaEe for
tic past eighteen 1nonsh... The rrussccs Of t'u
| Filth 1'rcs6, tcrLan Church werc informed that
they would lave to take care Of 1t. The Con
necttcut Mutual Insurance Comnany., to when
| tho mortgage was stvent commenced SUIT OF
foreclosure, and served tho Trustees with no.
ttce tu uppenr. Another unfortunate feature Ia
tl,ts case was, that At tho ttn1e tho mortgage
WAS made tho insurance company would not
loan tho money totfc church unless the Iruatees
would lniorse the notes personally. The ma.
fority OF the Trustees did ths, which male them
1,artics 10 tho suit, aud to them the Insurance.
cotnpany would look, proyidedthe church failed
to make up the dcllstt. To sts'l further tnsreast
On tic church Dec. !. and the Trustees kncu
thoy were unable to meet tho demand, and ~crre
| nfraj1 That tile holder Of tile mortgage would
not extend IT, commistos. "as soip iappo'nttedt tht
mortgage, and was enabled to get an ertcnsloE
for three years from Dec. !, 1871, at per cent
II the u,cstlnR approved OF the cxtension Of ths
@ w"u,u I be $5.0GOt due Drc. !, 1879. bearing o.
ncr cent Interest, and ST, 100, due Dec. l. 1851
al y per cent. Jan. /. 1878, tho bonded indebs
ctincss WIS tho Sumo as at present. lEu noatinj
wns sl,51s: There wese n!sety;sI1 pows, th
rent Ut which amounted to q, $50.
TIM report ol thu Treasurer showed the =
ssIpts for . Tho II z year to e' s' aud I'll
The election Of ono 'rr1lsteo was declared !
: order, and, after ballot, John Il. Lang va
elected u I'LL term OF ttvc Years.
Mr. Daniel Lord expressed an urgent desii
10 resign, and his resignation was aeccptet
, which ucccssttascd thu election Of aGoths
! Truhtcc. Another ballot WAS taken, and II
! (ipurxc r. Brown was elected to all tho unc!
J pIred term of aIr. Lord.
The meeting adjourned az eon9regatton. at
! Immediately aftcrwnrA meetEnE of tho caurt
!, proper WAS held. Ia which ono Deacon and tN
Y Elders were clcctcl.,
= During tho meeting OF the congregation 81
= teen members pledged themselves to pay Il
/ $500, which wna tho ultitnatun Of tho church.
= be paid to Mr. Green for the Connecticut Altlt
al INSURANCE Company, In full settlement OF
c!nln for interest on the mortgage above I
fcrrcd 10.