Repository: UIHistories Project: Board of Trustees Minutes - 1898 [PAGE 95]

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1897.]

PKOOEEDINGS OF BOARD OF TRUSTEES.

95

We took also a mortgage on land in Idaho. We could get no better description than "all the lands owned by Mr. Spalding in the State of Idaho." From this he excepted a body of land lying adjacent to Idaho City, stating that he had conveyed that away. We learned from other sources that it was conveyed to Miss Irvin, and we observe now that she testified yesterday before the Grand Jury that a body of land in Idaho had been conveyed to her, comprising a considerable tract. The land in Idaho was said to lie in three counties, which are named in the mortgage. We have caused the mortgage to be recorded in one of these counties, and will have to record it in the others as •soon as the return of it from the first place will permit. The New Hampshire mortgage has also been recorded, and also the Illinois mortgage. In addition to the foregoing Mr. Spalding assigned to the University property described as follows: "Sixteen bonds, Town of Buckley (Washington), each $500.00. Seventeen bonds, Marshalltown Light, Power and Railway Co., each $1,000.00. Fifty bonds, Pocatello Power and Irrigation Co., each $1,000.00. Fifty-five Idaho Canal Co. bonds (new issue), numbered 79, 80, 95 to 100, both inclusive, 115 to 124, inclusive, and 237 to 248, inclusive, and 250 to 274, both inclusive, each $1,000.00. Two notes made by J . W. Lanehart, payable on demand, one for $5,000.00 and one for $6,500.00 (guaranteed by John P. Altgeld). Seven notes of N. W. and G. W. Graham, being for $1,000.00, $500.00, $1,500.00, $2,000.00, $2,000.00, $2,000.00, and $4,000.00, respectively, all secured by trust deed to Adello D. Avrill, conveying Electric Light Plant at Carbondale, Illinois. All said notes payable on demand; also secured by stock of said Electric Light Co., par value $25,000.00. Two thousand three hundred and ninety shares of stock of Idaho Canal Co., par value $100.00 per share. Five .hundred shares of stock in Pocatello Power and Irrigation Co., par value $100.00 per share. Also all stocks, bonds, or other securities I own, or am interested in, both those which are now contained la safety deposit boxes of Globe Safety Deposit Company, and any such as are in any other place." We have filed two petitions in the Circuit Court in the Churchill case, one asking for the delivery to us of the property assigned by Spalding above mentioned, the other asking for the delivery to us of the balance of the endowment fund. The answer to the second of these petitions is due to-day. The answer to the first will not be due for five days yet. The receiver of the bank is claiming to own, for the bank, all the property assigned to us by Spalding. He also, as you know, makes some claims to a part of the endowment fund. This, we think, complies with your request. It ought to have been done before, but we have be so pressed with other matters that it was impossible. Yours very truly,

WILSON, MOORE & MCILVAINE.

B o a r d adjourned.

W, L. PILLSBUKY, F. M. MCKAY,

Secretary.

President.