The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1897-08-06
TO THE ALUMNI
Of Wall Il MONEYS School in Particular
and the Public in General.
ADVERTISEMENT

[Advertlsement.l
Knowing that my friends and the
former pupils, patrons, and alumni
of Wall q Moneys School are de-
sirous of obtaining the facts in re-
gard to the dissolution of the firm of
Wall & Mooney, and feeling that
they are entitled to the same, the
following is an authentic statement:
The firm of Wall u Mooney was
formed in 1886, and existed continu-
.Ously to the date of its dissolution,
July 10, 1897. w. d. Mooney be-
came the secretary and treasurer of
said firm at the date of it's organiza-
ton. AS such he had charge of all
the firm books, made all the entries
thereon, and attended to all cOllec-
tons and disbursements until some
time in February of the present year.
In response to repeated demands
for a settlement of partnership mat
tiers, w. d. Mooney, on the 18th day
of January, 1897, sent to me the firm
books for 1915, 1886, and 1857.
With them he sent a note, stating
that "he had closed the firm books
to date and that the accompany
ing check was the balance due me.
The check was for $3l3.45, written in
full settlement of all partnership
matters 10 date. And at the close of
the books was written the following
receipt for me to sign:
"FRANKLIN, Tenn, Jan. II, 1897.
Received of w. ID. Mooney, Three
Hundred and Thirteen Dollars and
Forty-tive Cents, in full of all claims in
settlement of our partnership account
to date"
| refused to accept the check as
written, or to sign the receipt, and
proceeded to examine the books.
The face of the books ShOiCod that
S313.45 lCdS the balance due me. But
being satisfied that Mr.. Mooney was
owing me a much larger sum,
opened a correspondence with the
pupils and patrons of the school re-
questing them to send me their
checks and receipts for tuition paid
by them. This WdS n1y only re-
course, for the books aOere WeU Kept
and clean, and no errors, SdUe three
or four in dddHiOB, appeared on
their face. l succeeded in getting
only partial returns from such a
correspondence, yet vouchers and
evidence sufficient were thus re-
(ceived by me to show that w. ID.
Mooney had collected and omitted
from the firm books, and had totally
failed to account for tuition amount
ing to $3,935.42. All of which he ad-
mitted when shown the checks and
receipts and other evidence thus
obtained.
Ialso correspondent with firms with
which Wall & Mooney had traded
requesting them to send me Wall &
Mooney accounts itemized; and in
this way ascertained that there were
many improper charges on the firm S
expense account.
All matters in dispute, together
With Mr.. Moneys admissions,
mentioned above, were then placed
before board of arbitrqtors, con-
sisting of James w. Harrison, r. f..
Haynes, John Atwood, DR.. James P.
Hammer, and Capt. G. w. Smithson.
These gentlemen, after careful in
vestigation, covering a period of
about three months, decided that
w. d. Mooney was indebted to the
firm of Wall & Mooney in the sum
of $6,76O.72, one half of which
SO, $50 SO, was due me, and they sc
awarded.
Mr.. Mooney claimed the Library
as his individual property and the
award Of the arbitrator in regard tC
the same is as follows:
now stands, including cases and all
books in and out of cases belonging
thereto, is the property of Wall &
| Mooney, to be held in possession OF
the Williamson County Banking &
Trust Co., and disposed of at public
sale for cash as the law requires
(unless otherwise agreed on by the
parties), and Moneys part of the
proceeds to be applied as credit OIL
the SO, 3S0.36 due WALL
In regard to all other matters sub
mitted to them they awarded as fol
lows:
I'VE also decide that any uncol'
lected Library fees, tuition and al
uncollected assets belong equally tC
Wall d Money, and that said Bank
ing Il Trust Co. shall have and re
tain possession of and collect the
same, and after paying off any out
standing firm Indebtedness, apply
Moneys half of the collections as
credit on the above-named amount
due Wall.
1--WE decide that all books, papers
accounts, notes, and assets of thu
firm shall % into DOSSeSSiOn of SaiC
Banking & Trust Co., for collection
and adjustment, and it is entitled t.
the correspondence of the firm TO
this purpose.
The arbitrators all met from time
to time in the office of the Williamson
County Banking & Trust Compan!
after their appointment, in the pres
ence of the parties, and heard all o
the matters alleged and the proof
> and after full . considering and un