The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-04-27
MONEYVO7ED FOR
PUBLIC SCHOOLS
Committee Recommends
Appropriation Of $4,000 for
Use This Year.
CITY TO GET VAN LEW SITE
Ford Estate Heirs Object 10
Valuation Placed ON Hotel
Property.

At the request Of tho City School
board. the COUNCIL Committee on FL
s4i.Ooo Of the 100000 guaranteed to
be expended on public school buildings
this year be made available at once
For the acquisition of desirable sites.
purpose OF acquiring tho Van Lew
property on East Grace Street. en-
bracing m entire city block. the OPP
ton price being $4,000. "A site is also
to cost $1,000. and one for IL new
colored school. Tho School Board is
having plans prepared for two now
white schools. one in the eastern and
one In tho western part of tho city.
and for one colored school, work to
teSin ms soon as Improved. 1t was ex-
n IA G6wn that at Of the entire program
within tho next three or four years.
this would be all that would be neces-
sary to expend for sites. as several de-
The city, including n valuable tract on
West Cary Street for new Sidney
School.
Provides for Chief Clerk.
The Finance Committee directed the
City Attorney 10 draw tho proper
papers cTecting the rnnsfer recently
authorizes OF the John Marshall house
to the Association for the Preservation
of Virginia Antiquities.
The committee also recommended
adoption Of the Lynch ordinance Great
iuS tue Position OIL Cnlcf ClcrH III tho
office Of the City Engineer. at a salary
of $1,000 n year. the chief clerk to he
the purchasing agent and public Office
man Of h department. The office, Is
Einccr Boiling, subject to approval by
the Committee on Streets.
An approximation OF $4,000 was rec
nmmended for rental OF street arc
ing the city distrib utlng system, as a
result OF the failure OF CAIRNS & Com
pany to comply With It's contracts.
Banks to Five bond.
President John q. Purcell. OF the
First National Bank, and President
Oliver j. Sands. of the american Ma
tional Bank, appeared before the com
mittcc In reference to n pond!ng ordl-
nance requiring banks which are city
repositories TO give bond. Colonel Pur-
cell explained that the banks now pay
ns some OF the Repositories, had but
little city money on deposit. tho cost
of the bond might exceed the profit
from the deposit lie ADMITTED how
mIttce he would favor some arrange
ment to safeguard the city funds. not
only for the protection of the city. but
for the members of the committee re-
sponsible therefor. The matter was
referred to a subcommittee to sec
some plan could not he worked
ont for joint bond OF the banks In the
Clearing House Association. At some
seasons of the year the city has little
money on deposit. While at otheSs 1t
las large sums.
In the last year or two funds pro
vidod for sewer construction from the
sale of bonds have been on deposit.
subject to payments al the work pro-
The sinking fund also has u
large cash deposit. awaiting the timc
when II can take up an Issue OF bonds.
BYRD Enters Protest.
Richard Evelyn Byrd appeared before
the committee to protest against the
acquisition at $4,000 of the Ford's
Hotel site. Indicating hat certain in
terests which he represented would
contest In the Supreme Court the ac-
tion of the Chanccry Court in con-
flrming the sale. Mr.. Byrd said that
two of the four interests in the Ford
considered 100000 too low a
price. and were prepared to contest the
confirmation OF sale. lie suggested
that the city would fare better by
carrying ont the condemnation orig
proposed. and securing title from
the court, rather than by accepting the
compromise proposed by the trustees
and ratified by the Chancery, Court.
he Indicated might involve the city
In n law suit.
Answering a question of Chairman
he admitted that 1t was n fact
the interest he represented In the
litigation was not satisfied with
price of 500, 900. which had been
agreed upon. Tho Finance Committee
took no action, the sale price having
been confirmed by the Chancery Court.
and recommended to the Council for
1ODtion. A -Nt