The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-10-15
MONEY TO BE PUT UP.
Krug's Bondsmen Trying to
Make Him Settle.
Negotiations with . View TO Making
krag Secure His Bondsmen Against
Loss-The City May Benefit

Soon after the return of Adolph Krug TO
Seattle those who were on his bond for
100000 as city treasurer and the friends
who went on his bonds in the criminal
proceedings took the matter of his defense
into their own hands. j. b. Metcalfe had
been retained bv Mrs. Krug to protect her
property, but the bondsmen were inter-
ested less in protecting Krug's property
than in protecting themselves against the
consequences of his default They there
fore retained Stratton. Lewis Il Gilman,
who set to work to put Krug's affairs in
such shape that the bondsmen may put
up the money due the city without delay
and insure the recovery of as much as pos
sible from krug's assets. His brother-in-
law, w. Ritterhofi, has considerable prop
ertyrand Krug has land interests which
can be made available.
The large amount involved. the varied
character of the securities and the number
of bondsmen to be consulted make it
work of considerable difficulty to bring
about common action.
All the counsel concerned are ex-
tremely reticent, but admit that their
policy IS TO insure the repayment of the
money at as early a date as practicable.
been party 10 the proceedings yet be-
cause they have not assumed that phase
which brings the negotiations into contact
with the city's position. The negotiations
are. in fact. so far not between Krug and
the city, but between Krug and his bonds
men. to whom mainly the city authorities
now look for reimbursement.
Henry Thurman will, il is understood.
I'M ha h, L.
called upon, if he has not. as rumor SAYS.
already offered to join in the arrange
ment to the extent of about $25, 900. Krug
will not be interviewed, as he is entirely in
the hands of his counsel, but il is reported
that he shows disposition now TO meet
every effort to put funds in such shape
that they can be made available by the
city. This action. he doubtless thinks.
may create public sentiment in his favor.
No word is vouchsafed yet as to the differ
ence between the amount known to be
missing and the amount represented by
paper securities. The one item of $4,000
in warrants which was for so long a sub
ject of inquiry. and which Thurman said
would be found in the famous red wallet.
is accounted for. The batch was removed
by Krug himself before his flight and
placed with the bundle of warrants left
In thesafe
1t is expected that by Tuesday or
Wednesday the bondholders and Krue,s
friends will have arrived at a common
basis of action, apportioning the def
cheney and the securities. Ii is too much
TO hope that the whole amount can be
reached at once, but it is thought that at
least 100000 can be secured to the city
treasury within the next thirty days.
Mr.. Donworth was interviewed on the
subject last night. but he declared that he
only knew in a general way that negotia-
tions were pending The matter has not
been brought TO his notice officially. and
he was inclined TO think that the arrange
ment Was not sufficiently matured 10 per-
nit Krug's counsel to make any definite
offer yet.
lie. Gilman. one of the attorneys for
Krug's bondsmen and nominaly, at least
acting as counsel tor Krug, confirmed that
view. but positively declined to be inter
viewed on the subject. Mr.. C. F. Fish
lack. who is associated with Mr.. Gilman
in the management of the case, was out of
The city.
City Treasurer Durie would neither DENY
nor affirm the truth of the story, but adj
mitted that the entire circumstances war
ranted the hope and belief that the CITY
treasury would not be left wholly without
reimbursement. Further than that he
had nothing TO say.