, 1881-02-06

| liability, for they had appointed committee to
aid tn examining tho books, nnd snpscrioed - -
each to employ an expert to go through the
| vouchers nad papers, md make IN Inventory
and Appraisemcnt OF the property turned over
Who Is Jarrett's lawyer?' queried the scribe
! ut looks funny that tho resolution which is
| spread on the records Of the Trustees accepting
us full payment ot al1 Indebtedness tho real and
| personal property Of Mt. Jarrett. should have
] been brought to tho meeting already pseparedf
"siR. JARRETT CANE WITH THE DEED AND
! RESDLUTIOy PREPARED,
| and stated that he had invested some 1,U0 OF
| the school moneys in his business: he had
I loaned other sums to parties whom he did NOT
| mime. and proposed to turn over his property
saea Sat S ~ es ho as' asencd a
+! accept his proposition and made tight on him.
| he would fight back, md tn order to do so. ho
would !. bold on to what he had as long as pos
As understand, tho meeting took place in
your Office. and y0u HRrdy. Condlt, and Kiln
tasy %sy Se'o present. Af. N'''''' A''s' ~ s''''
Eyes: and took particular pains to announce
! thnt. as WIS one OF the honsls1nen, md though
hnd done some leg,ll business for tho Trustees
! in tue matter Of some foreclosures, must not
be regarded rs counsel fur the township, and,
could II give the trustees tpa no opinion as
Mr. Montgomery asked me what ne should do,
,.,ld declined to give him auy opinion what
ever. hIr. uulncs asked Mr. Hardy for bis opin-
ion, md he refused TO give any for the same
reason
Isn't it rather strange way OF passing re-
TT docs not stand alone. There are prece-
"Did you see the rcsoiutons,-the original
manuserrtpts'' He
'"po :. no you +; knoT 's", tue handwFittnsT'
i" On tina hynothcs}s that tho nropcrty turned
over by Mr.. jarrett fnls to discharge his In
tlebteduess, do you think that, In: view OF the
adoption by tho Trustees OF tho resolution n1en-
f17a1 f1nr fQ mn a.
men:,'
y: Mr.: yeddcrquickIy assumed statueyque posi-
81 have received no retainer for answering
that question:"
THO reporter took his departure, and subse-
qucntlT had
a BRIEF TALK WITH Mr. KINNEY,
who has charge or the official books and papers
OF rhe cx-Trensurcr.
"Havc you done anything in the way of e1-
an1intny the hooks?' querled the scribe:
during the week.
lis there anything new?''
F." Yes Mr., JurrGtt has made out a supple
mental decd describing the properly conveyed
to tho Trustees in tho blanket assignment which
be made Wednesday,
"There are Lot In Sourbry s. Otis suhdivss-
ion of Sublota 9, j. !, s, t. nnd In the subdivis-
ion by Emma Rosenmerkte. of the south hAlf Of
III, IS, II; the south fourteen and halt acres Of
the east half Of the northeast one-fourth OF See.
2 81, Il: Lot Of Dunns Su bdfvisinn OF tho south
l0L feet OF the west half OF Block Il OF the
School Trustees Subdivision OF Sec 10, 33 Il;
seven lots in Gerber s Jurretts Subdivision in
Sec :: u; 10 lot - ecrner m Of Wallace ta and stxsy
in the Ernl OF Jarrett l. Sherman
How much is this spropcrty incuupercdT
- One lot hslS u mort gage on It for 81 5l0.''
elias the ban:ct decd beca placed on record?'
''Yes- The. supplemental decd has not yet
been presented to tha Trustees:
docs the blanket deed and the resolution re-
Inase the bOnCSTueu from nil Iinlf}1tTS''
''Ihnts Il question ain not prepared to all
swer: i havs my doubts II the SUPREME Court
would so cosastrue it. You had betror examine
See. II relating to the School laws"
Tho reporter on hts return to TIE TRIBUNE
EXAMINED TIE SECTION,
and found 1t to read rs follows:
=. ''The said Board are hereby vested
with general power and authority to make all
settlements with persons indebted to them in
their o:s1cln1 capaclty, or receive deeds OF real
sssato 10 nnd TO cancel m % smeu
mortgages, Judgments. and DEGREES existing. or
that may hercafter exist, for the benet!t Of Tx,
the fund concerned shall ia their opinion re-
quire it. anu their acrion shall DO valid =.
This section gives the Isoar1l power to make
when the interest OF said township, or tue
fund concerned, shall require it." The
question t arses Does @ fne resolauon @ ~ dts
ference his "bouds'nen-for the bondstnen are
his partners III liability, even II tho property
dehtcdncss.-compl with that clause Of the sec
ton which provides that compromises can be
n1Ade only when tho interest of the township
shall require it? Docs not the interest OF the
township require that tho bont1sncn be held to
tho letter aud spirit Ut tho bond until all tho
oit'cial indebtedness Of the principal be dis
cAnrged? TIE TRIBUNE understands tho sec
ton tn mean that no compromise or settlement
shall be made until all recourse ut law shall
have been exhausted: and that after the property
Of tho principal and his bondsInen shall have
been exhausted, then, aud mot till then. can the
Trustees enter upon any negotiations In the
shApg Of q compromise
Tie Trustees have evidently blundercd.
Somebody set up the trap into which they fell.
to make 4 searching Investigation OF tho man
ner in which it was engineered, aud. X u corrupt
purpose cln be shown, an Indictment should
speedily follow.
STRANGE AS IT NAT SEEM,
mono Of the school districts In the township seem
to haye tuken any defnit nctton with the pur-
poso Of finding the exact amount OF their losses,
except the First District, whose repurt is found
in nari f r Paper hs4nt The , ec
counts yesterday, and found nothing new to re-
port. This district is bounded by Forty-rhrd
street, tho lake, the south line Of Town SO, md
the boulevard
District No. g, bounded by Centre avenue,
Thirty-ninth street, Indiana avenue, and Sixty
fifth street, Claims to lose $s1000. aud no one Is
looking up the shortage. though the officers can
tell ina very little time exactly what their loss s.
In District No. g. or the Oakland District, the
loss will not exceed $4,00o There Is also re-
port that this district fs oyerdrH Hwu. 1850.
Of the districts Of snuth Engewood, the park,
and tho packing house on northwest corner ct
the town. nothing deint could be obtained.
In District No. Z, or Forreslvlte, 1t wns re-
was about $1,000.
A MORTGAGE FOR $45, 900, 900.
1r-Ia Nn TAh "a u1orfgr1po fNr