The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-08-19

notes and securities, AMI I vent 10 Mime
/ aposis with tie certificates Of title.
| Then he told rne thai / would have 20 get
| four dfsiniezested parties TO sign certif-
cate rs 10 the vaiae Of the property. | got
| I've certificates. and then be said that
through the stringeaey in the money mar
kes he could not get the money. but that
| he yocsd organize company xi:h 81 600
600 capital, ia which I should pat all my
| property and take half the stock, and then
he would par al roy debts on IT, Ny
creditors began pushing me and wanted
him TO carry Ont his promises. bat when /
went to Minneapolis be was in New
York. / went to New York and be
was not there. / went back 70 Mime
spolis and he was still away. / started
back here snd heard when got TO Helena
that he was back in Minneapolis, 80 i
went East again only 10 find he bad gone
20 Europe. Then my health broke down
and the doctor ordered perfect rest. so
went 10 Australia and from there TO Mex
leo, being absent about six months. When
got back in April. 1891, found that
Menage had sent man named Kingsley
out here as his agent and that Kingsley
had reported that had left the country,
and told me they owned everything on the
island. The property was covered with liens
and judgments and | got mad. / went
70 Minneapolis and told Mr.. Menags that
he had TO come out here and pay all the
liens and judgments on the hotel, which
had decided TO him, taking defeasances. bat
not putting them on record. had several
stormy interviews with him and one day
got 20 mad that 1 took him by the throat
and told him that il he did not come out
and pay up the judgments and liens
would blow up the whole building with
everybody in il. Finally he came out and
made me loan Of SIS. 0oJ and everything
was paid up. A final settlement was made
on October 81, 1891. under which he was to
return all my notes. aggregating $3.50. 900.
as they matured, and transferred 10 him
the steamer c. C. Caikins. the hotel furni-
ture. 30 thar he held all the property and
all my debts were cleared off,"
Although it is generally supposed that
all the Puget sound investments of the
Northwestern Guaranty Loan Company
were man aged by Mr.. Menage. John K.
Woleott. who was employed in connection
with the North Seattle speculation, says
that the mortgages were made by s. NJ.
Houghton. the third vice president and
exp anation Of the failure 10 make the
much talkeo-of Improvements:
When Mr.. Menage was in Seattle in
the summer OF 1892. he told me that he
wanted to make improvements to a large
amount. for which the Northwestern
Guaranty Loan Company would furnish
the money. but the last sine he was here,
in October. Isa1. he said he had been over
ruled by the board OF directors"
Mr.. Mensge has an interesting history.
As schoolboy he had been regarded as
brainless dude, but he was taken up by
Col. innes, Of Minneapolis, and made
rich man. The story of their rise to for
tune IS connected with some of the lead
ing men OF the Northwest. William King.
son-in-iaw of Phiio Remington, is
known throughout Minnesota as "Old
ThaumatuFgus. He bought farm near
Minneapolis, called Lynndale. with money
advanced by his father-in-law and, not
being able TO repay the loan, gave Rem
ington warranty deed to il about Iss2.
The latter put it in the hands of Col.
Times to sell. and he associated with
himself l.. L. Menage, who was then
in hard straits. The farm became very
valuable and the Remingtons, Innes and
Menage oil got rich from IL. while King
was bankrupt. About 1sss King brought
suit to set aside the deed, have il declared
mortgage aud for an accounting OF the
sales. King recovered about &. Oo0, 600,
while the Remingtons were almost ruined.
Menage was supposed 10 have become
wealthy out OF the procecds of this and
other transactions and became one of the
founders of the Northwestern Guaranty
Loan Company, in which several of the
weaithiest men in Minneapolis are inter
ested