The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-12-11
Hoods Pills are. are '. as s.sxs.s s Sc
JOBBERY In TACOMA.
Continued from First Page.

has stated 20 your committee that MS &C
ton toward said banks was largely IN
ffuenced By his personal friendship for and
absolute confidence in w. y. Allen, presi-
dent OF those banks. Your committee fur
Their finds that he was indebted TO the Ia
coma Trust and Savings bank long before
his nomination and election as mayor. IN
the sum OF $3.50. and that said Indebtedness
was carried along by said bank and sub
sequentIy carried by the Bank OF Tacoma
and paid May e. 1895; that during the year
1894 his financial transactions with the
Bank OF Tacoma were as follows: July
u. 1884,. demand note No. 7l3. 500; June /.
1894. note No. ai for ssls5. both OF which
notes were paid on the I'D OF May. 1926.
and August /, 1894. respectively. Yet your
committee is OF the opinion that these
money transactions with the Bank OF Ia
coma were not or sufficient Importance to
influence the action OF the mayor IN any
degree as regards the performance OF his
duty and did not do so.
Concerning the late city treasurer, the
court proceedings recently begun, and
which are fully Justified by our investiga-
ton, render report on our part unneces-
sary. The city attorney Joined in writ
ten request for an investigation, and so
was upon honor bound 10 aid the commits
tee in its labors by giving fully and freely
Tuch Information as he possessed concerning
the conduct OF city affairs. He told your
Eo48u4tAktS lliAI the agreement Win the
Bank OF Tacoma. so far as he knew. was
made solely upon and in consideration OF
the bond whicn the bank gave. and that
the collateral securities were received at
a much later date. and that he had 70
knowledge Of them at the time he passed
upon the bond, while the otter parties re-
presenting thecity say that the bond and Sc
curities were received al the same time. but
do not say that the city attorney had any
knowledge Of the securities, and were both
embraced in the agreement. He further
told your committee that he id not ap-
prove the transaction further than TO gay
It was legal. and the committee has a copy
of his letter 10 the comptroller. written
about two months afterward in which he
expressly says:
This settlement with the Tacoma
Trust and Savings bank was made by the
finance committee in good faith. and with
a belief that II II were not made the bank
would be forced into a receivers hands, and
the whole OF the money would be lost. and
L certainly advised the settlement, ard
have no hesitancy now In saying that II was
the only thing under the circumstances fer
the city TO do.
Upon this settlement the finance COM
mittee made a written agreement with he
bank that they would not bring any suit
upon the bond which they accepted from
the bank for one year, provided that DUR
Ing that year the bank continued 20 con-
duct its business in good faith. The agree
ment was further made with the bank that
the sl57. 900 In collateral should be placed
with the city treasurer and by reason of
the fact that each banker thinks every
other banker a thief they made a special
agreement that these collaterals should
not be examined b. any one else except the
city treasurer.
All these agreements and this whole
settlement with this hank were submitted
to the city council and ratified b. the
council
Concerning the board of public works.
we recommend the action taken by me
council "a 10 the conduct OF Mr.. Taylor.
Regarding the other members of the board
We find no cause OF complaint against Mr..
Rydstrom. except that we condemn his &C
ton In Joining in the letting OF the slave
p.pe contract. The length of time Mr.. Null
len has held office has been so short that
we have not sufficient knowledge on which
10 form an opinion as 10 his conduct n Of
fee.
These are the only officials who request
ed an investigation, but your committee
feels that our obligation 10 the public calls
for some reference 10 the city councils of
1894 and 1895. Had the majority OF the
council Of 1894 been possessed of as much
business capacity as ought TO have been had
by any single member, a large portion OF
the city's money. now lost, could have been
saved. But Ia the absence of this they per-
mitted themselves 10 be deceived by the
Misrepresentation OF corrupt treasurer.
eX-treasuror and bank officials; also by a
finance committee. controlled by one man
who could see a personal benefit IN pre-
venting "A vigorous and prompt ac.on for
The protection OF the citys interests. Much
tho same account can be made as 20 the
present council.
Tho evidence before your committee
goes 10 show that the council as a whole
has been distinguished by incompetensy
rather than dishonesty"
Chairman Roys read the report which
was adopted without discussion. Contrary
20 expectation. no minority report was
read. The report % the committee was
commented on IN various ways, and while
the members OF the chamber approve H.
some criticism IS expressed. Surprise Is
manifested that the report does not deal
more particularly with matters that the
committee has teen investigating Chair
man Roys said 70 was expected that the
report would Pc something Of a d.sappoint-
ment Several members said the report
hled was the only thing the committee
cola aErec oH. and q Is understood thai
tle question as 10 what should bc made
known caused an animated debate ia the
committee room. Members say this is only
a preliminary yepoyt and that IL was
made 20 satisfy the public demand Tor
knowledge OF the committees acts one
committeeman said tonight that only thar
which could De made known at this time
committee would STA keea probing. He
said more sensational developments may
te expected. as Well as more prosecutions
~ ma saT actors