The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-10-24
MAKING UP DEFICIT.
Krug's Bondsmen Offer to Set
tie With the City.
SEVERAL CONDITIONS ADDED.
The Deficiency said 90 sse s1ss.94e.e &C.
Grimth's Note Among Those Sos
Provided For-Aetfon Deferred.

The Ionr-deferred offer OF Krug's bonds
men 10 effect a settlement with the city
came TO head las. night. when . large dele
CATION Of the local bar. representing the
defaulter and his sureties. appeared before
the city council Corporation Counsel
Donworth and ". III. White appeared on
behalf OF the city. aud for the several
bondsmen were: c. E. Hughes. C. +. Fish
back, T. f. Blaine. ]. Y. Ostrander. John
II. Elder. L. C. Gilman and ". H. Moore.
Mayor Ronald wss also present and took
deep interest in the proceedings.
The council met in joint session, with
President Kloeber IN the chair. and City
Clerk Stoneman read the proposition. Ii
recites a deficiency Of SIS, 81 %. and
offers on the part Of number OF banks.
several OF which were not involved in any
liability. 10 put uu So. 33194 in cash. 1t
asks the city 20 assume securities amount
ing to S396l1.3s absolutely, and IS. 2li.64
contingentiy. The proposition in full is
as follows:
To the Honorable Mayor and Cossns0n Council Of
fhe City Of Seattle: II has been brought 20 our
sttsnton that IL is claimed by the city OF Seattle
that the late city treasurer, Ad0lr1 krug, IL
short In his accounts with said city to the
amount of sI25.9225. and that suit has heen
5egun against the sail krug. and the under
signed, who are all sureties Ola his official bond,
except d. T. Denny. for the recovery OF the
amount of said bond, and that service Of sum-
mons in said suit has been made npon the said
krug and not upon any Of the undersigned
For fhe purpose of settling, adjusting aud
compromising any possible liability that may
exist against W upon said bond we make the
following proposition 70 said city. which we are
willing should be embodied In q contract be-
tween said city and ourselves:
First-said city to receive and accept cash.
In addition TO the securities already received
and accepted by ordinance No. S,029. the follow
ing:
The accumulated interest on all war
rants now In the possession OF the
finance committee OF said city. ....S s,246 "a
And the accumulated interest ON any
other warrants that NAV be discov-
cred, ia which the said Adoph Rrug
had any interest, or owned, not ex-
ceeding 5000 Of principal
The claim againstJ. NJ Carson, amount
ing TO-. ............ ....... 1870 %
The indebtedness of George Stone
man, amounting to ...............-. SIP 90
The claim against John Conssdine. for
which the undersigned hsye certih-
/ cate OF deposit on the National Bank of
Commerce. payable 20 the order of ID.
h. Durie, eity treasurer. which will be
turned over 20 said treasurer upon
the acceptance OF this proposition. 1850 90
The check OF W. l. Ames for .......... lisa 81
The note of ]. II. Metcsife for ......... 800 90
The Mary street warrant for. l,s51 So
And accumulated interest. ZIG IS
There now being ia the Mary street
fund tl.3aSl2 and an amount exceed
ing 81 COO IN delinquent grade taxes
still TO be collected. aud said warrant
being next In the order of payment
out of said fund.
Gould street warrant, No. S.0i3 under
ordinance No. 277o. for............ iis 46
Cheeks OF +. E. Sander for. ........... 4SSS A.
which the city has already col ected.
The note of l. III. Grifiith, secured by
trust deed aud mortgage aud coliai-
erals. for. ................... 1900 90
TIE note OF F. Z. Sander and wife and
II. X. Hall for. standardization. 5000 90