The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1890-02-08
A loss OF ABOUT $4,000
Is What This City Sustains on
tho Compromise Loan
AS SHOWN BY EXPERT BROCK
III tho Statement Of Ills Recent In
ycstigntion OF tho Conduct OF
that Loan by the Late
Col. n. , Wilkinson.

Mr.. Allen Brock, who was engaged
about two months ago as an expert
accountant 10 20 over the accounts Of the
city's Compromise Loan aud investigate
as to the full extent oithe city's losses In
connection with the management OF
that loan by tho late Col. n. Wilkinson,
made his final report at n meeting OF the
Council Committee oil Finance, held
last evening. 1t is as follows:
10 The Chairman and Members of Tie Fl.
nance Committee, City Of IYheeling:
GESrLEMgN-Owing 10 the fact that
the records OF the city gave little or no
light on the many transactions that have
been made during tho period OF the
Compromise Loan, the work in this in.
yestigaiioD has been necessarily slow
and OF n very intricate character.
AL OF the redeemed bonds have been
destroyed save nineteen, and lot OF icon.
pons. Careful examination OF these
coupons establishes the fuct that not less
than slxty.six have been irregularly re.
deemed, twenty.one Of which are not
even cancelled. The number OF these
coupons have all been changed and In
many cases are made to belong 10 bonds
long since redeemed.
1t Is further demonstrated that seventy.
six coupons have been paid on bonds
2S2, eiS, 23S, $50, PIG, o37, o53, 240, o47,
25l, 25e, 2ll and o0i, since they were
supposed to have been redeemed re.
spcctively rs follows: February, 1885;
August, 1887; March, 1887, July, 1886;
May, 1856; June, 1887; June, 1857;
March, 1857; June, 1857. November,
1883; November, 1888; January, 1854,
and December, 1883; giving these thir-
teen bonds aclose examination develops
the fact that eleven arc entirely spur.
ious aud possibly the entire thirteen.
The original numbers have been erased
Oh the bonds and coupons and made to
correspond with bonds that are now
outstanding. In one instance, by the
use OF glass. it is easy to discover that
bond No. sos, which was never out.
standing, has been changed to 23S and re-
deemed as such.
cd or 20 lady mutilated that il is inn.
nnssii,la IN ,n.ko omt tLa or;n;no, nrn,
Der with positiyeness.
A letter was received from Messrs
Winslow, Lanier & Co.. April o. 1858
asking If Lbc citv would radenn inn,
COMPROMISE bonds Mt S775 fot Or
April %, MIR. Dobbins Chairman of III,
Finance COMMITTEES authorized tho C;t,
Clerk To issue n warrant on tbe III, n.
rciver for 81 Inn for Tho nurnosa n ro
deeminv these fonr bonJs IN Anvil q
tho Civ Clerk oave Ills warrant nn H.,
Receiver: the same dav the Receive,
gave the check of the citv for 81 i'm. IN,
same day the check was maid over III,
countrr Of The EXCHANGE RAM ami Mas
srs Winslow Lnniar { e. aav,hai tL,
| four bonds were not redeemed
| On FEBRUARY OK 1900 and Decembo,
% 1855 drafts were maJa m Ness.
Winslow Ianiar {. r. NJ Nav WI
| for $50 each. to redeem commons \,
coupons have haen found 40 redeamaJ
January 1850 90 OO0 wers o;ven Il,
the civ ior rcdrem;no honds md con-
Mons Z, on woo iormar,, o oJ,o wau W. eoI
and tho differnuco Som cannot he no
counted ior 's''' ' ~ ~
Herewith are renorts coverinp tbe an
~, Ca,,,; .:h Wv nj nj
tie compromise Donu transactions. Inc
tlbulated statements simply deal with
the transactions as they hnva occurred
40 rn,;,o IT.; L. =
10 notlce Delng TAKEN OF tho redemption
OF what may have been spurious bond.
or COMMONS md will chow a h,Ionoo a
s. ono - o'"@e "
lSf,Soo caSh uhaccouhted LOT.
old bonds taken up by the issue of tbs
r,,,nso,,;,,, l.,,J, Ill Al -