The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1894-04-04

49, = fahrman On July :. Isa The
Hs lace in New York az
meant that Fuhrmaa Vas TO -
20 u sev York exehsnse. not cssh.
Bride.
oejees. " ssid Mr.. Hughes, Instantly.
oeeanss u i asking the witness 70 pass
vesy Vital point in this case -
The objsction held rood.
~. aebrsds tried new tack, and asksd
.nss me cheek sas worth. The witness
sa'a sio.01. Mr.. Mcbride then asked
the reply:
Yes. ! issued View York exchange for
over the objection Of NJ. Huxhsa.
NJ. 6faves then identified the draft. and
No tnae is had been worth it, face In
eolo- 10 this question and answer sev-
sfAa OBJECTIONS were overruled- More OBJ
Jscuons wers made whsn Mr.. Mcbride
continued and drew out that the clsy's
cfeoit was reduced $1,000 when the az
cnangs was iasusd. He then ssksd how
.ne check would have bssn paid hsd not
the Words IN New York exchange" bean
sht'sn, but the question Vas ruled out q
nypotnsiieA and unnecessary. A little
nap Of papsr. which Mr.. Graves said vas
= interest account, showing snas Mr..
fuhfnan had paid SIG intsrsss on SO, 600
20 Arns. VAS next handed up for exsruins-
sson. M Graves had found it in KYur's
ossk ~ the city hall after the iastsr's
hight The other checks were idsnti6sd
also.
The witness was then cross-examined NJ
great length. lie had known Krue sincs
the summer Of is9i. but had had NO bust
nsss relations with him Until after his
election In ise2, when hs opened IA &C.
count with the bank . treasurer. by =
tranafer OF his predecessor general &C.
count He could not tell without hi,
books just how much cash Krug had ever
ospossssd N the bank. There was sAs. 90
IN cash TO Krug's account on the morning
OF July 2, 1882 a check on this account
would have been paid out OF the general
funds OF the bank. The credit Krus had
WAS Also subject 20 check like any other
credit, but there was IN understandinr
that u was TO be divided among other
banks In New York exchange. This credit
was ssut from New York 70 Seattle by .
cipher telegram. Ex-Comptroller Ferris
had made the arrangement IN New York
for the sale Of bonds and the transfer Of
the credit TO Seattle. On that day, July
2, the bank had SIS. 900 in cash and could
aavs paid Its depositors only about 10 Per
cent had demand been made for cash.
This line Of cross-questioning WAS shut of
BY IN objection from Mr. Miller. All
transfers from the Washington National
Bank TO other banks OF the city. Mr..
Graves then continued. we're made by
checks payable In New York exchange by
Telegraph.
The remainder Of the cross alton
was devoted to bringing out the fact that
prior 30 his election Krug made an agree
ment with the Washington National bank,
the Dexter Horton Banking Company and
the Commercial National bank to deposit
the city funds with them, provided the
banks would put up 500 each for his cam
paiRn expenses. Later the National Bank
of Commerce came into the arrangement
also. This little arrangement had not been
fully explained whsn adjournment was
taken TO allow Mr.. Graves 70 get his books
and memoranda TO testify from this morn
ing.
Bat little interest vas taken in the case
by the public. il the empty appearance Of
the court room showed anything.