Page images
PDF
EPUB
[merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][ocr errors][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][ocr errors][merged small][merged small][merged small][merged small][merged small][merged small]
[blocks in formation]
[blocks in formation]
[merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][ocr errors][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small]
[blocks in formation]

Total debts and liabilities (exclusive of interest).. $123,972 15

The above indebtedness has now been running some time, and the board have been compelled, in some instances, to raise money at the bank, on their own responsibility, to make payments to the creditors who were unable to carry the indebtedness. On this there is interest; there will be interest also due to some of the other creditors, the amount of which cannot be given. All the interest will not probably exceed six or seven thousand dollars. This interest will be in addition to the amount of the indebtedness given in the above detail statement."

Before the managers commenced building they consulted the attorney-general of the State as to the restrictions imposed by the law in regard to contracts, and were answered by this officer that nothing in the law prevented them from putting up the building by days' work.

The managers have therefore made but few formal or written contracts for work or material. They have generally hired men by the day and bought material in the market on the best terms they could command.

The exceptional instances, in which a more or less formal contract has been made, refer to wharf construction, heating apparatus, gas apparatus, Worthington Duplex Pumping engine, boiler-house, steam engine, and two contracts for furnishing brick.

« PreviousContinue »