The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-11-15
MANY OTHERS BANK DIRECTORS.
Officers Of Suspended Institutions M
merous in the List.
The Recent Depreciation IN Tacoma
Warrants Due Not onIy 90 the w ater
ofaciAls Have Been speeuiating In
Them-The silence OF BogSs-

the Posr-lSTEtLtsEScER's position has
been yendicated on she water supply deal
and steal. the Il told you So fellows are
I numerous. The two leading points made
by the PosT-lSrElLIeExcKR during the
water campaign were: The price asked
was twice the value of the plant, and
gravity supply could not be secured.
Most of the taxpayers who voted for the
purchase were ignorant Of tfse true facts;
others were paid, and some were foolish
enough 70 bite of their nose just TO spite
the PosT-INrELIIGEScER q Seattle news
paper, for telling the truth. And they bat
off their noses TO the tune OF 81. .000, coo.
The most dangerous effect of the condi-
ton of affairs is the unrest manifested by
capital. banker says:
There are millions of dollars in the
East ready for and seeking investment.
but cannot consistently advise any of il
coming here until things change. Capital
has been fooled too often in the middle
West TO come here without first hnding
safe resting place"
A bond man says:
No one can figure out where the money
Is to come from 10 redeem city warrants,
therefore We do not want them. OF course
ii Is taken for granted that city officials
have been speculating in warrants. Ii
money Is not forthcoming TO take them up
losses will be sustained"
In the main, the slump in the price of
warrants results from the purchase OF the
water plant. as has been proved, at over
twice its value. and the further fact that a
gravity system cannot be had. Inciden-
tally the PosT-ISTELLrexSRER held that
the property owners along the water COM
pany's source of supply we've entitled TO
damages for the water which was taken.
This has also been proved.
The only redeeming feature of the situa-
ton is that there is growing number Of
citizens VINO are not afraid TO assert their
rights in opposition 10 corporation control
aud corporation domination.
In addition to the water purchase swim
die, the accounts Of the city treasurer, as
reported from time to time by him, do not
give entire satisfaction. It has been stated
that his bond is worthless. A showdown
has been asked from him, and he has re-
fused TO give it. Many taxpayers would
like very much to know whore City Treas
urer Boggs keeps his cash. and q bond
buyer adds:
''If we knew where the coin reported by
the treasurer to be in his keeping really Is,
it would be different about buying city
warrants"
Mr. Boggs has held it an injustice to
banks having no deposits to publish those
having it. He refers to his bond, and
says II ought to satisfy the people. He
and his bondsmen, he says, are response
BILE.
The bond, about which there has been
so much talk, is in the sum of $4,000.
All of the bondsmen sign in the sum of
SIS, 600 except A. M. Stewart, $4,000 and
A. J. Weisbaugh, secretary of the German
American Safe Deposit and Savings bank,
located with the Columbia National build
ding. who signs for 10000. The bond was
given the middle of last July, and the
other signers are:
Frank Allyn and wife. president Com
meTcial bank.
A. Bridgeman and wife. cashier Com
merciai bank.
w. X. Rust and wife, manager Tacoma
Smelling and Refining Company and
director Commercial bank.
Matthias Lind and wife, director Com
mercial bank.
John A. Parker, single, director Com
merciai bank.
W. u. Allen and wife. president Tacoma
Trust and Savings bank.
Il. A. Pauison and wife, president Ia
coma Lumber and Manufacturing Com
paDy: identified with the Merchants Ma
tional bank, suspended.
Michael Murphy. single, capitalist,
manager Murphy's Transfer Company.
6otieib Jaeger and wife, director Com
mer ,ial hank
Frank Hense and wife: city directory
gives Frank G. Hentze as proprietor
Model laundry.
George r. Orchard and wife, director
Merchants National bank, suspended.
Otis Sprague and wife, taxpayer, con-
hected with the Paragon Oil supply Com
pany.
NJ r. Hatch certified to outside of his
wife). director Merchants National bank.
suspended.
Nelson Bennett Certified 90 outside of
his wifeD, president Merchants National
bank, suspended
III. u. LON bard and wife, presiden State
and Edison Savings banks.
W. g. Peters, single. vice president Co
iumbia National bank.
]. III. Wilt and wife, connected with Coz
iumbia National bank.
Oliff Peterson aud wife. name not in di-
rectory; Scandinavian American bank re-
ports him east of the mountains on .
ranch