The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1894-06-21

CITY OF Seattle, krug's bond ............ s72l g
hiGhaTu low shs ..-.------..-t.+.-..-.- 80 ~
TOTAL .....-..............-..a*.. .sos,sso 10
In detail, the rejected claims. with the
receivers reasons for his action. are as
follows:
Claim Of the Commercial Savings bank.
of Spokane, for 80, 1864. based on two
certificates Of deposit for SIC, 900 each Is
sued TO George +. Edmiston. and by him
assigned to the Commercial Savings bank,
OF Spokane, of which he was aud is its
president, also upon an open account IN
favor of George f. Edmiston and by him
assigned to the same bank in Spokane,
based on three promissory notes OF j. X.
Edmiston aggregating the sum given to
the Security Savings bank. Of Seattle, on
the date of giving the credit The receiver
believes that when these notes were given
to the Security Savings bank, Of Seattle,
the notes were worthless, and were known
to be SO worthless 10 George 4. Edmis-
ton: that therein the Seattle bank re-
ceived no consideration for the CIV
ing of the certificates of deposit
and the said credit. and the same was
known TO George +. Edmiston and to
the Commercial Savings bank of Spokane;
that the Spokane bank has large amount
of real estate security for this indebted
ness, and therefore TO the extent of the
foregoing there items the receiver rejected
the same while the balance Of the claim
il allowed.
Claim of II. w. Paine, receiver Of the
WaIla Walia Savings bank. ~ assignee of
]. X. Edmiston. for $1,000. At the time
Mr.. Hastings was appointed receiver the
books of the bank showed an apparent
credit to J. X. Edmiston Of $40. 1896.
based on book entries on account of ex-
cessive considerations named in various
conveyances OF land to the bank within
thirty days prior 10 Its suspension: also
a credit of $40, 900 given ]. X Edmiston
on account of fifteen promissory notes
given by the Rainier Avenue Electric
Railway Company to George Il. Edmiston
and assigned by him to J. X. Edmiston.
the notes being secured by third mort
gage on the Rainier Avenue Electric Rail-
way Company and of but small value.
At the time OF the appointment of Mr..
Hastings as receiver Edmiston claimed
that a mistake had been made in his credit,
and that Ii should in fact show only
$1,000: that ]. X. Edmiston is an
endorser on q considerable amount of pro-
missory notes owned by the bank. and
that of the 500 shares of the capital stock Of
the bank ]. X. Edmiston is the owner of
496: and the receiver expresses the belief
that j. X. Edmiston 10 owing at least the
amount OF said claimed credit on his sub
scription TO the capital stock. Therefore
the claim of II. w. Paine. rs assignee of j.
X. Edmston. is rejected.
Claim of 4. #. Drinkle. founded on a
sale OF warrants of the town of Columbia.
amounting to $500. made by j. X. Edmis-
ton, president, 10 DrinkIs under an agree
ment by which 10 appears that j. X. Ed
mission. president, agreed 10 re-purchase
the warrants At any time after sixty days
from September. 1893; that at the presen-
tation Of the claim DrinkIe refused to sur
render the warrants referred to, hence the
receiver rejected the claim.
Claim OF the city of Seattle for <T,T2ls 81.
On investigating this claim the receiver
found that in September, 1898, the city
held treasurer's bond for $ioo, 900 given
by Adolph krug as principal and by others
as sureties, among whom was j. X. Ed
mission: that subsequent 10 that date the
city of Seattle claimed that ]. K Edmis-
ton was liable on that bond to the extent
of s.. ~. 50, and that Edmiston had caused
10 be entered credit in favor of the city
of Seattle for that amount on the books Of
the Security Savings bank. but that the
bank had received no consideration there
for; that il appears the city of Seattle
holds collateral security for the payment
of said claim, therefore the receiver re-
iects the claim.
Claim OF Richard Gowan, Sos. On in
vestigation the receiver failed TO tind that
any money was due TO Gowan- Sepiem-
Der ia. 1898, Gowan and Ada Gowan gave q
promissory note to the bank for $500. due
March 10. 1884. secured by mortgage on
lands in Texas; that the lands we're in
numbered by liens aggregaiing SIS. which
amount vas retained from the proceeds OF
said note TO satisfy and discharge the bal
aace OF the proceeds OF the note which
we're received By the makers. The claim
vas therefore rejected.
The claim OF William IL Reeves. as
guardian Of seymore Wetmore. for si5.-
Gu %, being a claim Of si2. 1870. alleged
20 be due Wetmore GA the books OF the