, 1875-07-29

As"'~H"A A'tA4AA [lt1tAs ~ sAIs"hH W. 'Af'-
acta vouchers TO Tho amount Of $12,N'o
against Tie city in favor Of 1sAr 4 WHITNEY,
contractors, Thcss vouchers TIM hank Of
fcred to tnrn over 10 tl.c city in pnrt payment
Of the ::i1,u)t, dno by tho bank to tho City
Treasurer but tho City Comptroller, l'o anys,
refused To accept it ansl 10 cre,1it GAuE with
that nnolnt Subsequently RAT Il WHITNEY
sued tic city on some other matte and obtained
n judgment Of :Sls,0tW, which Judgment tho
city las or must ray in cash, wlorcas Ind it
accepted this voucher 1t contd have turned
it over in part satisfaction of the Judgment.
Here WAS ;:l2.000 Of the indebtedness Of tho
hank which be c]0inls might have been col
lectcd, which tic city refused 10 secure, and
which il, therefore, not collected yet.
For these rcnsons ho Claims release from
the item Of tho interest, $la1, 200 and tho
indebtedness Of tue suspended bnuks, $l,7,-
ZOO, mixing together $27s,5 He holds
certain undisruted vouchers agninst the city
for $4,000, which he linz offered to ray over
OIL account to tho Comptroller. These itcma,
with tho $5o,oo0 cash alrendy collected by
tho city, make NIL aggregate Of SJl1, 900
which ho demands llo is entitled to be credit
cd for in his account. The bnlance, a1G6.-
0on, he is ablo to procure md pay over 10 tho
city Whenever his property il released.
10 Hccure the claim against him, ho Inns
turned over in nddition to tho surety bondA
Of tho banks tho following property: $50
acres Of unincumberel Riverside f,rm prop
crty, which just before tho pa'lic he had sold
for 1890 m acre, and the papers 10 COM
plcte tho sale of which wcro preparing when
the panic camo aud ddefented it; hs half inter-
est in the pARMALEE omnibus lot and stable,
which interest, after deducting mortgage on
the premises, is worth SET, 900 or moro the
l0-acro liinc.lliln lot at Lyona, which is
worth S2oooD; aud $50 Riverside bonds
which cover ono-fourth of tho Riverside
property, including tho gas and water works.
AL this property il Of Bsich n character TINT,
il in his own han1s, he could BOON convert
ii. 1t is under the depression Of tile panic,
but in n comparatively brief time will all be
marketable at somo reasonable prico. All
this property tho city holds, GAGE claims,
to Recurc $lG6,0o0, which is tho total that it
can now lawfully demand of him, Oh l1a al-
leges; and which sum he will pay If they
surrender the property and give him and his
bondsnlen release.
Mr. GAGE states tint tho aspect Of the
case has not been changed in the least by tho
recent decision OF Judge BooTI The Court
only decided that he mud his Hrreties wero
1iable on the bond for whatever SUN may bo
lawfully duo the city. supposing Judge
Boo7u to be sustained by tho Supreme Court,
then the issue to be tried is, for how much
nro thoy liablo ?" Tint question hs answers
by giving tho sum Of S1GC,ooo, which ho do
clarcs bis readinoss to pay upon receiv-
ing q release. While ho does not dir
cusa the moral aspects Of tile case,
he 'asserts TINT there is no longer
my pratense Of criininnlity; md that it is
simply matter Of debt,-how much does ho
owe tho city? With respect to tho uso Of
money in the matter Of Riverside bonds, no
claims that he loaned money on them, as ho
loaned money on any other collaterals md
really held them for tho city rs security
against loss, just as ho held tho bonds Of tho
broken banks or othor securities.
We have given this version Of h1r. GAoE's
re!ations with tho city that ho mny no longer
claim that ha hns not had fur herring, and
that our readers may consider It md give it
all the weight 1t may bo Justly entitled to.
We do this without indorsing his viow Of his
Gabiiitioa