The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1889-11-26
I'LL uUlui ltUNllSE lUAN.
The New Commissioners Find
Some Peculiar Things
ANDA STAR CHAMBER SESSION
Ofthc Council Finance Committee is
Held to learn thu S tuaIion-The
Commissioners Given More
Time to Investigate,

The Council Committee on Finance
held very important and somewhat
sensational meeting at the Public Build
ing last night. There were present
Messrs. Iarrell, chairman Maxwell,
Terrell, Seeley, Schrebe and ely
ker, OF the committee, Solicitor
White and President Cruise, Of the
Second Branch, who ia again Act.
ing Mayor, Mayor Seabright being out
OF the city,
The committee first met in Clerk
Thoner's office and heard some state.
meuts from Mr., Park, Of the Board OF
Public Works, about the financial
condition OF that department, While
these statements were being made
Messrs. W. G. Wilkinson aud
George Mathisou, who were recently
elected Commissioners OF the COmprO.
mise Loan, nude their appearance. As
soon us Mr.. Park had concluded Il mo.
ton was made that Messrs, Wilkinson and
Mathison be heard If they had anything
to FAY. Mr.. Maxwell moved that the
committee 90 into secret session, aud
the motion carried without dissenting
voice. An adjournment was at once
had to one OF the committee rooms where
the committee locked itself in leaving the
reporters outside. 1t was, however,
pretty well understood what was up.
For two or three duys there have been
rumors atloat to the effect that the
accounts Of the Compromise Loan were
not altogether right.
This loan was made In 1860; it was
for $4,000, $4,000 being per cent
bonds running out in 1850, tho balance
being per cents running out in 1890.
S. Brady aud n. Wilkinson were made
commissioners, but for Il considerable
length Of time before Mr.. Brady's death
Colonel Wilkinson attended TO the Loan
alone. On Colonel Wilkinson's death
the I.oun WIS left without u commits
sioner, and Messrs. Mathison aud vii.
kinsOn were elected.
They have been investigating the
books OF the Loan and have found some
Things they cannot US yet explain.
They reported to the committee frankly,
what had been the result Of their invrs.
CATION and asked for further time, in the
hope that they may be able to clear up
same things. The time was granted.
1t is understood that one situation is
this: The books Of the city show TINT
last January there were $7S, geo OF bonds
outstanding, yet provision was made for,
and according to the books OF the Loan,
interest paid, on $4,000 OF bonds; II dii'
ference OF So 900.
There WAS u check issued by the city
in the latter part Of April, 1855, for
s., 100 on account Of this Loan; what 1t
was used for is not exactly plain as yet,
but it Ia supposed to have been used to
purchase four 81, 900 bonds at $40 each.
a letter has been found which was sent
to Col. Wilkinson by Winslow Linecr Il
Co., New York bankers, dated April %,
1855, asking il he would purchase four
bonds at that figure.
There was another check issued by the
city January 81, 1882 for $1,000, in favor
Of this Loan. 1t has been returned to
the city properly cancelled. On
it's back appears the endorsement
"Brady and Wilkinson, by +. +. Jep.
SON." No one could explain last night
what the money obtained by some one
OH this check was used for. Mr.. Jepson's
nnmO on tho check UCCasiOncd consider.
abIO talk in the star chamber session,
judging from what came out through
the crack under the door.
The committee provided for several
deficiencies in the appropriations.