The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-10-21
AN OFFER AT LAST.
hrug's Bondsmen Make a Ten
der With Strings to 1t.
PART or THE PLAN REJECTED.
Anssnsftea That the Segstisffsns Are
Only for EGees-Grimsn.s sna
Sanders Cheeks Eefasea.

The negotiations between Krur,s bond.-
men and the city for . settlement OF the
Shortage took the form yesterday Of an
outlined offer. The bondsmsn. through
their attorneys. submitted q sor. of propo-
siiioE to the finance committee of the city
council, which today met in White Il
Aunday's office There were preseh; Al
dernea Carrie and Brewer, Delegates Kloe-
Der, Shields ard Lyon and Corporation
Counsel Donworth. No conclusion was
reached. as the COMMITTEES was not in po-
sition 10 agree 20 some Of the proposed
terms.
The bondsmen profess 20 be willing to
assume almost all the actnal shortage. but
ask the city to take over the checks given
y ). ". Considine for $1,000. of Eugene
way Tor 300 and Others for licenses which
nave not been paid, and which the bonds
men claim the city is in q better position
70 enforce payment of than they are.
lhe city 10 not altogether willing TO as
sent TO this, although il will accept Car
son IS cash. which is already available, and
konald's mortgage. which he is prepared.
ne says, TO settle rs soon IN the question
OF ownership is determined.
Another question is as 20 the amount OF
interest to be allowed on the $50. 900 war
rants The finance committee has figured
out the amount which is close on IS. 500.
but some of the finance committee object
TO any interest being allowed after Septem-
Der iziast the day OF krug's fight. and
others think no interest should be allowed
alter the date Of the purchase Of the war
rants. time which can only be ascertained
by examining Fuhrman's books.
Fred 4. Sander is said to have promised
to pay SO 600 and L. III. Griffith 10 pay
$1,000, but the city authorities express
doubt as to their present ability to do 10
and insist upon being secured absolutely.
At the meeting yesterday IL was proposed
that the city take over Griffith's checks,
but this the finance committee positively
refused to do. insisting that the bondsmen
should deal with Sander and Griffith them
selves and include their debts in the certi-
ned checks 20 be given To the city.
ID. I. Denny has expressed himself, 1t is
understood, as entirely unable TO bear his
share of the bondsmen's liabilities and the
other bondsmen viii be compelled to make
up his share and deal with Denny as best
they can. Suit has been brought against
ID. I. Denny by the National bank of Com
merce OF Providence. r. l., for $4,000 on
notes.
Corporation Counsel Donworth has had
recorded four deeds found among Krug's
papers for property as follows:
L. III. Griffith and Tiney Griffith. his
wife, to Adolph krug. an undivided one
third interest in and TO lot s. block Z, and
block Of ID. T. Denny's East Park addi-
ton to the city OF Seattle: consideration,
81 Dated December "a, As92
l. III (frlffith tFuxtA. "a ad vrffa n, dnlph
krug, an undivided one-sixth interest in
and to the same property; consideration.
81. Dated December q, 1892
L. Ii. Griffith and wife TO Adoiph Krug.
lots and 8. block II, heirs of Sarah A.
Bells first addition to the citv of Seattle.
lots situated at the corner OF Seventh and
Virginia streets; confederation, 81 Dated
August 81. 1892
]. w. Searight and wife 10 Adolph Krug.
lot 10. block 2. of Monroe's first addition to
city of Seattle. 25xi20 feet, subject to
mortgage Of 1901: consideration, $50.
Dated April -, 1893.
How the money is 10 be paid the city Is
also subject of discussion. The offer Is
TO pay in certified checks of s., 900 each to
be cashed as the city calls for the money
in equal proportions on the several banks
which practically made themselves liable
10 the bondsmen. This part of the plan
has been practically accepted as fair. and
the only points of difference raised are
as to the details.
IL was intimated TO the attorneys for the
bondsmen yesterday that matters must be
settled up very promptly. One of the
members OF the committee expressed the
suspicion that all the talk OF settlement on
the part of some of the bondsmen is not
uninfiuenced by the presence in the court
house of the grand Jury. and that should
that body rise there would be a lapse in
the present appearance of energetic action
There viii be another meeting today at
which Ii Is understood Mr.. Donworth will
submit the ultimatum Of the city authori-