The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1894-11-09
,ss4. i,t IS ss74s7s "a

or this amount In suspended banks the
city will be able TO realise approximately
1900, as the Traders and the Washing
ION National will probably pay dollar for
dollar In the long run. and the Merchants
National viii probably pay from 20 TO 50
FER cent In accounting for his balances,
Mr.. Boggs rendered the bank books Of the
suspended banks. This was on the ground
that the city. having failed 20 name de-
positories. was responsible for the deposits
as placed by the city treasurer.
When the States Savings bank closed.
the city at once began 20 take vigorous ae-
ton, under the direction Of Mayor Orr, to
recover the SEQ held there In the form
CT city waFranta BY a recent decision of
the superior court the city secured the
warrants. and IL was during the trial of
this case that Mr.. Boggs. on the witness
stand, made the admissions upon which IL
vas proposed 20 arrest him on a criminal
charge. Chairman Lavender, of the fuau-
elai committee. can speak on this point
He says
eff Bogg. bad only returned 70 the city
the warrants which be had at the time he
went cut Of Office. We would have been
willing 10 have accepted the same. Aad
have reduced the accounts OF the bank.
Just that much. Bus understand be vas
afraid to do 50, on the ground that IL Was
not legal 70 bay warrants cat OF their
order. and that he feared certain citizens
who were taking an interest in the
financial matter, might prosecute him on
"a siieged criminal otfenSe. 50 he placed
the waFrants in bank - cash, s3i2oo In
all ~ that time, according 10 his re-
PERT Just before he vent out. II ether
words. he reported t3i20go on hand. held
- tss t4aF hfFaa 49,.
be went cut of office. aud, when he turned
ovee the osfica, there ~asn't warrant
there. On the stsnd In the State Savings
bank case be testified that be had deposited
these Warrants "a cash. but there Is no tell
ing chat the number 81 the warrants we're.
aud II they were returned today ! guess
the city would be willing to credit the
banks With them in reducing their ae-
eoaat"
Nov IS 90 the specific eoantsl
ia appears that Boggs rendered himself
Liable ia huyins the sarrsnts - be did,
and L n AFRAID he rendered himself liable
by dlspesing Of them as BE did AT any
rate. the teal In this matter is so De made
on SEQ uote given BY his clerk. Hill,
and Endorsed ey himself another note
given BY RAiF 4 Leosnls and an item for
campaign purposes % $1,000 ali Of which
he deposited 80 cash Tor The elty. The
campaign fuad item Is net cash. Of course"
Mr. Bogss il charged by the haanee CON-
naities With having eahsrol u the State
Savings bank and using u as place Ia
deposit worthless paper. Dor instances. Ia
is clalmed the Rsir-isoomls note came from
ale Bair.Loomis banking institution, aaa
thaG tia; was the auaeaat 81 City money
reported on hand shers AZ one slaae. Later.
heweser, IL Is naasrstoea thai the sneans
xas lgss in Ghs te~nslse Of Dies Ao,ns..
as the amount in ias form 81 a p0ts
came into shs possession Of NJ, Bogxs
saa a as deposited - cash. ose sasaiber
o. ths eaa saitsse says;
''R0gEs. 40 doaat, used the State Saw
iags aank 10 cover ae bis shortages The
Hl.i note IA ! hin opea 70 crlmsnsi az
,.aa. TIE campaign fand item, OF course.
aas pisced IN The eank 80 cover up shart-
age aaa la ms opinion IL sas very foolish
saY la whleh TO cover ep . leak
Nhsn tAe elsy eeeaelt tried 70 secure
interest ga the deposits in shs banks.
naxgs agreed 90 pay per cent interest
or rather secured an agreement of The
ksnss 10 PAY il Thts amounted 10 81 - per
naonsh. sad ga. rasa N rail- for oniy short
nns, wAsa ssvszAa Of tie a2axs tailed