Evening journal., 1912-04-26
MORE CITY
MONEY WITH
THE FIREMEN
Records Show Loans Of From
$1,000 to $4,000 Each to
Five Other Companies
NO RECORD THAT
MONEY WAS REPAID

More loans by the city to fire com
panies have been discovered by City
Auditor S. c. Biddle. In letter to Col.
W. Il. Stover, chairman of the finance
committee of City Council, he explains
that there are no definite records to
show that all or any of these loans
were ever satisfied, the city holding
mortgages against the various COM
panies. Whether these are still good
or of no value, is what Mr.. Biddle is
trying to find out.
The companies thus involved, in adj
dition to the Delaware and Fame
Hose. to which Mr.. Biddle called Coun-
cil's attention last week, are the Wee
eacoe. Washington. Friendship, Reli-
ance, Phoenix. The amounts of the
loans range from $1,000 to $4,000. The
loans were made mostly between the
years 1870 and 1875.
The letter to Col. Stover was per-
sonal one and the information con-
tanned therein is intended TO assist
him as chairman Of the finance COM
mittoe of Council, in Strengthening out
The matter.
MIR. Riddles letter follows:
Hon. W. f. Stover. Chairman FL
nance Committee, City.
Dear Sir: To aid you in clearing
up the status Of the fire company
mortgages, regarding which ! recent
ly sent a communication to Council [
submit the following data taken from
old books now in the vault of the city
treasurer's office.
There entries are as follows aid
are stated as loans on bonds and
mortgages TO the several companies:
Weccacoe-Debited November 3,
1871, $1,000. Credited July 1. 1885,
1000, and closed by deductions
from yearly appropriations from 1875
to 1880 inclusive
ashington-Dcbited March 26,
1872 81 500; debited August Z, 1875
$4,000 Credited May /, 1889, $4,000
and closed per letter of Clerk OF
Council dated April IL, 1889.
iendship-Debited July II, 1872
$1,000. Credited February &c, 1878
81 600. and closed with this wording
Satisfaction entered by Francis VIM
cent. city treasurer, January 25, 1878
as per resolution of Council January
II. 1878. The aboye was deducted
from their appropriation as per agree
Gil"
Relianee-Debited August IA. 1873,
81 500: debited January /, 1874, $4,000
Credited December 81. 1885. $3,500
and closed by resolution of Council
December 81. 1885"
Phoenix-Debited January /, 1874
81 800. Credited December 81, 1888
$500. and closed by resolution oi
Council December 81. 1885"
Delaware-Debited February 25
1863, $1,000. Still open on auditors
ledger, but no papers in possession oi
city treasurer to verify.
Fame Hose-Debited March 16, 1859
5000. debited July 30. 1873, $4,000;
debited June 1. 1875, sS,50O; total, &c.
100 Credited by cash June IA. 1860
$50; credited by cash August %. 1861
$50; total $100 Balance still open on
auditors ledger, $4,000.
Fame Hose-Agreement dated
n March 1G, 1859. showing unpaid bal.
4 ance of $500: bond and mortgage
Il dated July 30, 1873, for $4,000; bond
F and mortgage. dated August z, 1875
q SO 500: total S6O00
Il Washington-Bond aud Mortgage
& dated March 20, 1872. for S1,500; bono
and mortgage, dated August z. 1875
Off $4,000; total $3,5O0.
Weccacoe-Bond and mortgage
dated November 3, 1871, for $1,000.
I would suggest that the aid of thu
city solicitor be requested TO examine
the records Of all these mortgages
q and see whether any or all Of then
have been satisf .. Apparently sat
isfaction for all but those of tn
Delaware and Fame Hose should have
been entered long ago. Just VIII,
these last two remain unpaid or un
cancelled I am unable to state Trust
ing this information will be helpful
x 70 you and enable you to soon prov
B the value of these open items, I am
Very truly yours.
S. C.. Biddle,
City Auditor