Staunton vindicator. [volume] (Staunton, Va.) 1860-1896, 1884-05-09

MEETING OF THE BOARD-REPORT ON
THE FINANCEs--ARRAN GEMENTs MADE
TO BORROW MONEY.
&C., sc, sc.
The Board of Directors of the W. L..
Asylum met there on Friday last to hear
the report of the Committee of Investiga-
ton appointed at their first melting
. Messrs. Russell, Coleman, Pendleton,
Broadus, Burke, Gleaves, Harnsberger,
Allen, BUmgardner, Waller and Harman.
were present. The following report of
the Committee of Investigation was
received: '4. f.r
To the Board of Directors Of the Western
Lunatic Asylum:
The committee Of Investigation appoint.
ed at your last meeting beg leave to re-
port as follows:
1st, With the time at our disposal in
which to make the investigation ordered,
so limited, and the work to be done of
such arduous character, we are unable to
make report satisfactory to ourselves, or
just to the Asylum, as to the condition of
the books and finances OF the institution.
We therefore recommend the appointment
OF competent accountant, to prepare
lIUul oil0 UUOhS dHu VI tu6 ObOWdEu
and of the Executive Committee, a full,
clear, and succinct exhibit of the receipts
and disbursements, from the beginning Of
the last Board to the 18th of April, 1884,
showing under its proper head the amount
received from the Auditor, and from sales,
and how disbursed; the amount received
on what is Known as Board account, and
how discussed; and the amount received
on what is known as the Contingent ac-
count, from whom received, for whom re-
ceved, and what disposition has been
made Of the same, and all other matters
necessary to a proper understanding of the
conduct during the period named of the
finances of the Asylum,
I'd. From such imperfect examination
aud investigation as we have been able to
give, we find that after the payment Of
outstanding claims due and payable, there
is due the Asylum as fund applicable to
the payment Of current expenses to July
1st, 1884. about 81 800. We find enough
wood and bacon on hand, and very nearly
enough coal to last to the end of the cur
rent fiscal year. We find of coffee, sugar.
molasses, vinegar, and medicines, suffi
Gent supply fer one month, and of other
supplies smaller quantities. With the
lights before US, we estimate that about
IS 900 per month, will be required to meet
the necessary expenses Of the institution.
Having regard to the amount of funds now
available and the amount of supplies now
on hand, we recommend that the Execu-
tive Committee be authorized and empoW-
cred to negotiate at once loan of 5000,
at as low rate Of interest as possible upon
so days time, for the use of the Asylum
during the month of May, 1884, and about
June 1st, 1854, to negotiate further loan
of $4,000 upon like rate of interest on 80
days time, for the use Of the Asylum dur
ing the month of June, 1884. In view of
the fact that we find ourselves restricted in
funds, we recommend that during the re-
mainder of the fiscal year there be no ex-
traordinary expenses incurred, other than
such as are absolutely necessary. Not
outstanding the above recommendation,
we feel it to be our duty to call the atten-
ton of the Board to the fact, that the sup
ply of water is at present wholly made
quate to the demands of the Asylum dur
ing the four summer months, and recon-
mend that immediate steps be taken to
supplement said supply in such way as to
the Board may seem most expedient. So
far as at present advised. we know of no
further imperative or extraordinary eX-
penses that need be incurred during the
remainder of this fiscal year. Owing to
the lack of system apparent for years 10
The keeping OF the books in the Stewards
office, the difficulty of preparing such state
mepfisS Resolution appointing US an Inves-
tlgaJing Committee, has been very great
ly enhanced, and we therefore recommend
to the Board a change in the mode of keep
ing the books and accounts of the Asylum
Regretting our inability, under the cir
cumstances, to comply with the wish of
the Board as expressed in its resolution,
we beg to submit the above as the best
report we can now make.
Very respectfully,
Ea JAS. B. RUSSELL,
SAM'L F. COLEMAN