Hughes High School - Hughes Yearbook (Cincinnati, OH)

Page 20 text:

aigwee u , A L h 14 The QBMMZ 0f Trusiees 0f the Hughes Fund. tions for life, and appoint their successors. This fund is now under the control of the Union Board of High Schools, and the dele- gates to the same are Charles E. Stephens and H. H. Tatem. the control of a Board of' five Trustees, Who are to hold their posi- L t THE BOARD OF TRUSTEES OF THE HUGHES FUND. THE PRESENT AND ORIGINAL MEMBERS. HE Board of Trustees now consists of five members, Who hold their positions by a life-tenure. The names of the present Board are as follows: , - . RUFUS KING7 President. . WILLIAM GOODMAN, Treasurer. CHARLES H. STEPHENS, WILLIAM HOOPER, H. H. TATEM. The original Trustees were William Woodward, .Elisha Hotch- t kiss, Jacob Williams, and William Greene. P v esteemewwmmwmwmg

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Wiowaaap-oogoe :2 - :94 vs-xamw The Hughes CProherzfy-Locczzfion and Value. .13 rented by Eden B. Reeder, and two by Mr. Huntington. The latter is now dividing his squares into lots. These three squares are now in pasture. The division of these squares Will not in- crease the revenue of' the fund, as the above parties are tenants. All of this property is on perpetual lease, at six per cent, With no revaluation. Of the lots built upon, about three-fourths are occu- pied by residences. The whole new rent for about $19900 gross. The original leases were made between the years 1836 and 1840, by the trustees. I 'Lots of this lease, Which, were the fee uninoumbered, would be worth from $2,000 to $3,000 each, are now renting for about $10 or $12, per annum; or less than one-half' of one per cent. The property was rented Without any improvements. i The trustees are disposing of the fee Whenever possible, and investing the proceeds in some manner likely to be more easily managed. Mr. Nye thinks that the tdisincumberedy fee simple 0f these leases of the two hundred lots Which might be laid out of these premises would average $500 each, or $100,000 in all; and that in time the fee of this estate Will be worth more than that of the Woodward estate. PRESENT VALUE. 5 i It would be quite difIieult to give the present value of the real 1'? estate of the Hughes Fund, outside of the Hughes High School property, incumbered as it is, with a perpetual lease, and Without h revaluation, but it would, probably, not bring more than $20,000 or $25,000. The Hughes High School property is doubtless worth $50,000, or $60,000. This is inoumbered by the cost of the school building over and above $15,000, which Will probably amount to about $10,000. Annual income, net, $1,870. It is placed under NWWWWWMaeakgeaj-ewv van; t5 491-74 0

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P wgOhChMGQmEhewg$Kg?yFewe4+mmeD$gOgcg The Cincinnati Hughes High School. .75 THE CINCINNATI HUGHES HIGH SCHOOL. N the 19th day of May, 1851, the 8B0an of Trustees and Visitors of the Common Schools, the FcTrusteee of the Wood- ward College and High School, and the ttBoard of Trustees of the Hughes Fundf entered into a triplicate contract for the establishment of the nCincinnati Woodward High School? and the tiCineinnati Hughes High School, as they now exist, which was duly comirmed by the City Council. KDisneyls Laws and Ordinances of Cincinnati, pages 780-7981 Such contract was based upon an act of the Legislature, passed February 11, 1845, whereby the Common Schools of Cincinnati, with the concur- rence of the City Council, shall be empowered to establish such ttother grades of schools than those already established as may to them seem necessary and expedient; and, for the furtherance of' the above-named object, are also empowered, by and with the con- sent of the City Council, to contract with any person or persons, whether in their individual, or corporate, or fiduciary capacity, or with any institutions in relation to any funds that may be at the disposal of such person or persons, 01' such institutions, for the education of' all such children as are entitled to the benefit of common school fund instruction in the city? These schools were placed under the control of the ttUnion Board of High Schools, now composed 'of six members elected by the Common School Board, five members from the Woodward Board, and two elected by the Hughes Board from their numberein all thirteen members. Such schools were to be opened to all white youth who might apply, and Who were residents of the city. July 21, 1862, a res- olution was adopted by the Union Board, and duly approved, by wwewgmgzqh$xe.aimoiz H- Qxivww F 91-79? .4wgraleew