Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-06-14
S4,611,659 IS
Is the Approximate Estimate Of the
Debt OF Memphis-The Finan-
cial Archives
Are in Such Confusion that it WOuld
Take Perhaps a Year to Get the
Real Figures.

The Legislative Council was in called
| session yesterday afternoon. Present-Presi-
dent D. P. Hadden, and Messrs. NJ. Burke
| K. G. Graves, NJ. Gavin and Lymus Wallace
After the reading and approval of the pro-
| ceedings of the previous meeting the follow
| ing business was disposed of:
MARKET MASTERS MAY REPORT.
E. Barinds, master Of the north market,
reported collections for the month of May,
S74 25.
MARINE HOSPITAL REGULATIONS.
The following resolution was adopted:
Resolved, That the president Of the Taxing
District be and he ia hereby authorized to
indorse all checks on the United States treas
ury, and that he receive and receipt for all
money due and payable to the said Taxing
District from the United States for and on
account of marine patients in the Memphis
City Hospital, and give full discharge for all
of said moneys.
IMPoUNDING ROWING BRUTEs.
The following ordinance, which had passed
one reading at previous meeting, came up
for final action:
Be ii ordained 6y the Legislative Council,
That section 369 (Heiskell's Digest, page $50
be amended to read as follows:
SECTION 1863. 1t shall be misdemeanor
for the owner or person IN charge of any
horses, mules, COWS, cattle, swine, sheep or
at large in any of the streets, alleys, public
squares, or any public place in the District.
The chief of police will cause all OF such
stock, so running or being at large, TO be
taken up and put in the pound, which shall
be, and is hereby, established when or where
the president and the said chief shall select
within the District. If within three days
from the day stock is impounded the owner
or person in charge thereof calls for the same,
they shall be delivered to them upon the
payment of 81 for each head of goats, swine
or sheep so impounded, and 81 so for each
head of horses, mules or COWS so imPounded.
If no one claims the same within the
said three days, the chief of police
shall cause a notice to be inserted in
the official organ of the District for four
successive days, notifying the public thatthe
stock 80 taken up will be sold at public sale.
All of such stock not called for and pound
fees paid thereon at the rate of twenty-five
cents per day for each sheep, goat, or hog
impounded, and fifty cents per day for each
horse, mule or COW impounded, shall be
cold at public vendue on the day named
in said notice to the highest bidder for cash,
the sale not to take place sooner than the
eighth day after such stock is so impounded.
Upon such sale being made the pound keeper,
upon the purchaser paying the amount bid,
shall take down the stock sold, the price
paid, and the name of the purchaser, at all
times open TO inspection. And the purchase
money, less pound fees at the rate above
named per day, said pound keeper shall turn
over to the register. The pound keeper shall,
every three months, make a report TO the
Council of all his acts and doings, and shall,
at the end of each days sale, pay over all
proceeds thereof as above provided; provided
that this ordinance shall not apply to the
Ninth and Tenth wards of the District until
the further orders of this council, but this
ordinance shall not be construed to exempt
any stock from those words running or being
at large in other portions Of the District |
from the penalties of the same.
The ordinance elected some discussion, re-
sulting in an amendment to the effect that
reward of not exceeding twenty-five cents on
each animal be paid to anyone driving
Them 10 the pound, the amount TO be col |
lected from the owner, or to be included in |
the fees in case OF sale, and thus amended |
the ordinance passed second and final read
ing.
SWAPPING AN ALLEY FOR A STREET.
A petition from w. A. Gage, Endorsed by |
a long list of citizens interested, was read, |
asking that an alley on the west side of his |
No. Ala Vance street, be closed, |
and that Pontotoc street from Cynthia east
ward be opened at once, etc.
City-Attorney Heiskil presented the fol-
owing resolution in reference to the alley |
and street named, which was adopted:
Resolred, That it is necessary for the pub
ic good of the District aud the convenience
If the citizens thereof that Pontotcc street
De opened from Cynthia street eastward. For
his purpose 1t Is necessary to condemn, by
proper legal proceedings, strip of land off
# the south side of the lot of s. NJ. Ander-
on, thirty six feet wide by los feet long, I'M
ess the president of the Fire and Police
can, by the next meeting of
his Council, make a settlement with the
wners for the amount to be paid for the
aid ground, in which event he will make re-
,ort to this Council at it's next meeting.
The engineer will proceed, under the direc-
ion of the president, to survey and stake of
nd draw plat of the ground proposed to
e condemned and taken for the public use.
ACTUAL COUNT OF THE CITY DEBT
President Hadden stated that the experts
ppointed to investigate the actual amount
+ the city debt had made report, OF which
be following is a synopsis:
The committee OF experts appointed by
resident Hadden to ascertain the real
tatus OF the old city debt, have submitted
he following report:
he Hon. D. P. MADDEN, President of the Taxing
District
SIR-The undersigned committee, ap-
ointed by your honor to investigate and
epoIt, as near as possible, the present
|
mount of indebtedness due creditors of the
xtinct municipality of Memphis, beg leave
submit the following as the result of their
lvestigation: {
As per instructions we have taken the
Iatham report of the financial condition of
lie city of Memphis, of date May 10, 1879,
nd filed in the United States Circuit Court {
lay "a, 1879, as our basis or starting point, E
nd on the data therein contained this report '
predicated. q
In said report the liabilities of the old G
ty are set forth as being 81 SD, 355 "a 7
mis- total includes bills for services due s
dividuals in the years 1S7S-79, and not 7
lowed, estimated at $4,000. The fore
ping liability is Offset by various assets,
ade up of bonds, cash and unpaid taxes,
rincipally the latter, which, after being
,ducted, leaves a net liability of So 1872 a
y "a. (See Latham report.)
After filing this report Receiver Latham
ed two additional reports, of date Deem
r 81, 1880, and January February, 1881, h
spectively, showing collections and dis e
easements, the receipts amounting, after de- u
lcting unnecessary expenses attending the | e
scharge OF his duties as receiver, and the Y
lowance by court for services as receiver, to Il
69,337 16 Zee exhibit HI, which sum, less f
i ,34l 50 cash reported under the head of Il
SETS in Lathan's report of May 10, 1879, is a
be deducted from the excess of Liabilities Il
er assets in said report, leaving the amount v
liability over assets, al the date receiver Ii
Up was assumed by Minor Meriwether, C
80, as being 1904, 792 go. p
Exhibit A of this report shows the e
nount and class of city Indebtedness taken p
} by Receiver Meriwether, together with in a
rest due thereon at time of cancellation. C,
this amount $29, 1856 Is is in his charge, ]
the questions in which these Sc n
rites figure being in litigation and their a.
innate disposition 10 be determined by de-
ion of Supreme Court, where the suits are
W pending. Exhibits B, c and d show
iount and kind of Indebtedness received by.
ceiver Meriwether from the parties named
the caption to the respective exhibits.
ese parties have running accounts with the v.
,eiver, who gives them credit for ali indebt- I
ness deposited at the value for which the N
v says it shall be received, and pays all OF
scks drawn against same whenever pay ],
mt of taxes is made. These three ac- j.
lnts have balances unchecked at this date ].
sregating S13,566, but as they will be It
ecked out eventually, and as the receiver j
icels the amount Of deposit when received II
N the parties, We have given credit for 3
| amount under these three accounts as A
y are virtually retired, no interest being lii
owed after cancellation. "
ledger balances Qiabilities) are presented NJ
the Latham report, without interest, as VS.
1913 25, and we have not been able TO ga
cover that any account was taken at all Jc