The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-10-20
HOW TO DODGE DEBTS
Form a Corporation and Hide
Yourself in Ii.
wHEELER'S DEALS LAID BARE.
The W eek Of the Commercial National
Bank Teii-rale Letters Come
To Light.

BY n affidavit served on n. w. ana T.
X. Wheeler. or the involved Blaine Ma
;io1al and Blaine state banks, tho con-
troEersy over those Institutions has been
brought nearer home 20 citizens of Seattle
and King county. The afhant Is ]. L.
sleea0r. deputy collector OF internal rev
.nue, nCN acting as agent for the Com
mereial National bank, 81 which H. w
Wheeier was president Gleason SAYS
the Juggling IL notes among corpora
tons formed for the purpose % conceal
tng the identity Of the operators Whereby
the hank could re looted was carried on
IN This city. Another AFFIDAVIT equally
sweeping. IS sworn - hv u. $. Miller. ~
Blaine. Who not only repeats IN more en-
phauc terms allegations OF Crookednesz
heretofore made. but 10 suhstanilate his
statements produces letters whirh passri
between the Nheeier%. Tomorrow the
siildavits VIII - hle1 in tho superior
court for Nhatcom county on behalf or
4 +. stone VIVA brought tho action
whereby Lester " David was appointed
receiver.
Juggling With Corporations.
In his affidavit Gleason says that tho
denisls by II. W and p r. Wheeler Of
statements made in a former afida ~ are
false. lie states that on July rs - ne
was regularly appointed agent OF the
Commercial National hank of seattle now
81 process ~ liquidation. 10y the BOARD %
directors since that date he has acted
as such. and SAYS it owns ITO shares OF
the capital stock ~ thc Blaine state bank
lie furthcr states that tho Commercial
National hank holds against the National
lHNe~tFH Company a note for Si6>5
dated August D. 1Nts az 20 per cent Is.
w. Wheeler wES PRINCIPAL owner and
Comptroller - the investment s0mrauv.
which Gleasoa says rs absolutely inSol-
Wheeler according - thc AFFIDAVIT was
IN aeht ~ the Commercial National hank.
which he ID a note toC the amount ana
Wheeler without any knovjetSc au the
r,arf o. tire dIrec ors and duriag tnp ah-
senre o. the cashier is said - have sab
stttuted tho note ~ the Investment COM
pany for his note IN tho hank. Gleason
thep COPIES from deposition - William,
Barry. formerly cashier ~ tae CONNER
ciAi National SIS follows;
''C-You NAV state how the Natfonzl
Investment Company became indebted to
tho Commercial National hank A-Mr.
Wheeler substituted tho National Invest
-slent Cornpsny's note fer one OF MS Own.
"o-Nou may state how the America n
Investment COMPANY became INDEBTED -
the Commercial National hank II
took the place - one Of l. II Wheeler $
notes.
"Q~You may state who made the sub
stitution ~ both these notes. Al. W.
Wheeler
"O-Yoa may state whether che direct
ors we're consulted before making TIRE
substitution. A-No. they were not He
made the substitution without taslr
Know le3Ee
- You NAV state whether these loans
referred 70 we're made BY II. ". MheeisT.
} A Yes"
Conuuufnr. Gleason saws II. ". Wheeler
substituted a note given Nv the American
Investment Company for S.s4s>o. dated
Nav 81 and eue August ~. 1884 az - per
cent for cre ~ l. II Wheeler's held ny
.he Commercial National haas The
American Investment Company. Gleason
saws vas - ths tire known ~ Wheeler
90 Re inSolsert. Further, Gleason says,