Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1898-11-05
Aaxluni for the Hind.

iso5. aud March 23, 1896 the institution
borrowed S43iGSOG, paying s1,o3I .i3 Inter,
ssi; az the rate OF per cent. table of
@ ""'res, rn ufawn from hnt Institution
~, /, n,r CON, nn ,in n,',s. "", ,me ,,,T ,n,urtS,
used should y lovr "e H"en HS snSa SnsS ",.y har
as the bankers were pnid g, 'o3T AZ a." nct
Ig. iSo5. The institntldn ha boI",,co o u, vi. ,c
bnnk in the orJinarv Sum% os sS IN" ~, ~ ,hu nv
o Of ri hc E bank ", "locSI o II !" %a" S
credit OF ihc fund Tbis liam m as st. ~ nv nv
Inv In Tho ho,i s.xo,ty so,,r m Ia VI ,,,'.', mo
SijD ia for th" honi.ers hnsora' H., e"rnna I'LL,
drawn until ia, ays T a,Sr w.I !, 'ne ,"st OF IL
ed For seventy four d"vs tho .sa', ,,I ~,
tcrest "n sta Hn ,xh"" II lad trn, p",a n s,a,
TO ss.CHO TO its credit in tho imnr In I:",''
ary /. isoG. the trustees again borrowed d'sa- or
untouched until The day before IL was ,n re.
mid from the .,ato tre.snry ,,bo, exc. .,
of n was usod Sor onc dov IL ha.i .'o .,,a.,
Sib3s2 intereet for the bank While The
money " ns wing in the bonks N 70 "''e '"e
III was by s,,ch remarroble n,c,bo.,. ~
banking TINT Tho sta,a nail a. oas 40 1s.a.i
cst ON ..oycrdras,s" wh"n ~ .So"II have
paid s223. ~ '"'@
,,..ss ,.,..
The deaf and dumb Institution M Jack.
scnviile receIyed Its quarterly approprin.
~ ,,v's .ol ol S<o,.V TOT oruihary expenses July
~. 1870. ana received no more from the
state treasury until April. 1890. In the
ihenntiine the trustees borrowed Ss0 ?1O. II.
PAVING S2TS. ~ intercst. at the rate OF o per
.sh., Inc nrst loan was made september
their brethren Of tbs the blind school the " tr"s.
ices Iid not '.Overdraw' their bank account,
Dut borrowed money contrary to law, ana
,ney borrowed y regardless Of necessities:
year they pnid Interest on SJo.OOO to cnrry
IN overdraft of from S11.W2. 30 on Janu.
nry ~, TO Ssl.S0lW on April !. The re-.
ce'pts from the state treasury April ~ and
w gave the ordinary fund cash balance,
but the state continued to pay Interest ON
SS;o.Ww Tor tue next eighty-ex days. On
;hn' n' aE .He 90 Srsmary sps & lghd naa balance In
having intercst M, COS 'cO0 In the "s,s,u. ~
cxnensc f,nL The stnt. ,.od an "vors.a -,
Si5.piV M nj tho hang. Y,,nd sor iSo A. .. ~
sRa The Interest on this sum e. sc.t =
2i0.S5 W.
r,.
,yacnsonvhuc insane Hoepital.
hospital EsssS Borrowed
iso5. and March ~. 1s.G. siof. .si0.3o. pay.
ing Si'asolo interest at the rate OF per
cent.
Home o. % Quincy no fund. ' from %a Ass".. sSSs' ).
isp', 10 Apr'i -. ls'w. DHsIng urn tnat time
the trustees borrowed $NtotO.v3 from the
FIRST National bnnk oL 9uincy' intesest
per cent, amounting to Sl.Oi0.W. TIE Dsni.
=
nnce on the ordinary fund o. ~ ana
turneu !. Wer 20 tmelr IT, nepuoieah successors
WI" "'"" y. ~:'o'
go, n0nkakec Insane nOcpttai.
The insane hospital at knnkakec put on
the date ot borrowing until December ~
1SN3. within the next three months the
trustees borrowed S0OWS2.A ~, paying intcrI
cat ut the rate OF per cent, S?,Oi0I4. The
Democrats Inherited the hospitn! from the
Flfcr administration with deficit ln the
ordinary fund Of 81? ~ ana left with the
Republican administration what they ciatnn.
cd was u surplus OF ~ sO3O.Wj hut which, up.
ON examination. developed Into deficit OF
x1?.2J?nl, By the discovery OF W.. $50. IL Of
unrccOrdcd Democratic debts This. hDw.'
ever, was IN line with the Democratic book
keeping. They Ind paid on loans OF t0O..
or. ~ and forgot to exhibit the fact In the
cash book. and had contracted trinlnE deDt
of S2O.Ss017. which they neglected to show
among the accounts payable. The business
system. or rather the lack Of business sys.
tenn. which made such vital errors possible
II Interesting from the fact that the knnka.
kec hospital wns the Democratic model.
They DECLARED 1t the best conducted insti-
tuition under AltReld anu have selected 10 as
mess niiiitv.