The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-07-10

contemplated a violation of tne trust, IN
Ger the VIII TIE trustee. be sall. mad no
Fsnt 70 mortgage the trust income
Ar- ~ r. Leaken wanted % know Wnat
-lf. saussy's definition % an academy
Aas. but Mr.. EaussV's tine Was up
reckon he'd tell you just w1at VIII,
sall 4ir. Barrow. KS place where
-ometnin' a taught"
saying ne had only referred 90 che zeal es-
z tale portion o. the VIII The portion Of the
WA referring 20 the income, he SAID, al
most specifically provided for au ART acal-
envy. me matter % purchasing pictures,
ne SAID was the last r1iug men toned ia
connection with The income and the second
ZEN n that connection =pecl- e1-l4y pro-
Elded for the expenses OF the institution
my.
Judge Harden next took Up the lance
lie SAID the board upon which there are
seven lawyers had fully considered the
matter and did not think the proposition
"a accordance with the trust He did not
care 20 enter into a legal discussion. he
SAD but he did not believe the trustees
lan lne rlglt 10 divert the income he
I'D not think the security FOR the borrow
"a money. the hypOfhecat-on u the IN
come, would be good IN law. He was
ready, he said, 90 contribute with others
- year for three years until the debt
school.
Mr.. Barrow asked Judge Harden what
ton 70 the courts and let 81 be settled
there Judge Harden said there was no
objection " hatever TO having the matter
settled In the court There, he said, We
viii have all the time We want TO speak.
He said, however. that this being mon
eyed corporation. and Judge FaHigant be-
ing a member OF 10. he was probably dis
qualified, and 81 might be- necessary TO
call IN judge from neighboring circuit
10 hear the matter
Col. Garrard said he and several other
members interested had gotten together
ana came 70 the same conclusion which
Mr.. Barrow hal 80 ably presented. He
thought the matter should go directly be-
fore the court and be settled there. A
trustee, he said, can 70 TO court and
borrow money, and there was no reason
why the society should not do so.
capt. j. ID. Johnston discussed the mat
ter from a business standpoint II the
society could pay out three-fourths Of
the society's income on debt 70 Gen.
Jackson, thsre was no reason, he, SAID,
why II should not hypothecate a smaller
amount on that Indebtedness and have
the advantage OF an art school
The question was called for and Capt.
Cunningham's resolution was passed by
about nine-tenths vote Of the members
present.
Judge Harden gave notice that the mi
norlty would present counter
petition to the court and would
| opposed the petition when IL came up.
Mr. Barrow stated he thought the minor
ity should be heard at that time without
any time limit.
The correspo ndence relative TO the sub
stitution or Mr.. Charles y. West on the
committee in place Of Mr. Otis Ashemore
was read and ordered spread on the min
I uteE..
Judge Harden moved that the Georgia
| Historical Society, in its corporate capac-
ity, take steps 10 prevent any encum-
brance being placed on the trust estate
or upon its income. Mr. SaUssy seconded
the motion. President Jackson ruled the
motion out OF order. as the meeting had
been called for a special purpose. Mr.
Saussy appealed from the decision Of the
chair and the chair was sustained. The
meeting then adjourned.