St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-04-05
City Treasurer Haugan. Mr.. Bracket

said:
I'm November, 1893, Mr.. Haugan paid
me s6S7.50 as interest on the above
named certificates; on June IS, 1894,
he paid me $3.50, and on Nov. /, 1894,
paid me $175, there being due in ac-
cordance with my understanding with
him at that date s1,375. When 1 called
upon him on Nov. 1 for the payment
of this amount, he stated that it was
not due until the 10th of the month,
and it would not be convenient for
him to pay it until that time. 1 asked
him to give me the $175 as an accommo-
dalton and on the 10th the balance.
On the 10th 1 called on Mr.. Haugan,
and he stated that he would see me the
next day at my Office. He called, and,
much to my surprise, stated that he
could not pay me the rate of interest
| the certificate called for, as the banks
would not pay more than about 2 or
| 212 per cent. said to Mr.. Haugan that
he should have notified me on the pay
ment of interest in June that he could
not pay this rate. Not having done it
then, it certainly was due me he should
have stated when 1 called on him the
1st of November that he owed me no
interest; and when 1 called upon him
on the 10th, still leaving me to believe
that the money was to be paid, it
certainly was great surprise to me
that he should notify me on the 18th
that the money was not to be paid. !
said to him that it would bar me from
paying the interest to the New York
Life company, and would force fore
closure, which / certainly did not want
to see, and begged of him to take the
matter under consideration and see if
he could not make up his mind that
it was best for him to make this pay
ment, as it certainly was a violation
of the agreement made between Mr..
Eustis, Mr.. Haugan and myself. ]
waited for several days and induced
the New York Life company to with.
hold action in the matter, and finally
placed the same in the hands of my
attorney, Mr.. Woods, and asked him
to confer with Mr.. Haugan and see. If
some arrangement could not be made.
He put Mr.. Woods off from day to
day, and finally declined to make the
payment, when / was compelled to
notify the New York Life company.
Foreclosure proceedings were COM
menced, but not until I took the mat
ter up again with the New York Life
COMPANY, " 4NSW 1Oih my tll
and comforting with Mr.. WEIGH, of the
land department of that company,
making a full statement to him in
writing and proposition to pay SEA, 600
for the release of the mortgage. Mr..
WEIGH said he would take it up with
the board, and after I reached home
that his company would not release
the era nf 1pCS
than $4,000.
In regard to the statement that
Mayor Eustis did not approve of the
deal, Mr. Bracket made statements
which clearly indicated that the mayor
had clear understanding of the whole
matter, and heartily approved it. In
closing, he said:
1.-The charge having been made that
the property had become incumbered,
owing to my financial troubles, and
that the city would thereby lose its
property, certainly is very unjust to
me, as I have had no transaction with
any one pertaining to this property
except the matter with the trust COM
pany, as above stated, and except a
mortgage on lots and in block 80 to
Henry +. Brown, which mortgage has
recently been recorded. This mortgage
was given PRIOR to my deal with the
New York Life company, but was lost
before being recorded, and while lost
and after my deal with the New York
Life company / gave to the Minneap-
oils Trust company SCI urity above re-
ferred to, subject 20 the rights of the
city, on the same and other property
to cover Mr.. Browns interest for the
accommodations received from him.
all of which is a matter between Mr.
Brown aid myself, to be explained on
his return from California. This mort
gage will not have amy bearing upon
the case, at all, because it will be re-
moved on the return of Mr.. Brown
and will in no way interfere with my
giving to the city perfect title to this
property.
There are three or four small judg-
ments which have been taken out
against me for another's debts since
this transaction, which have been
largely paid, and which can be re-
leased, so far as the city is concerned"
After Mr.. Bracket had finished Aid.
Nordeen was put on the stand and
given an opportunity to square himself
for certain unguarded expressions re-
fecting on Mr.. Bracket The alder
man denied having said that the whole
thing was "a steal.' What he did
say was that it was "a bad deal ana
the reporters might write it as strong
as they wanted to-
Ex-Mayor Eustis said he had never
favored the second payment of S25, 900.
Mr.. Bracket had tried to get him to
support it, but he had declined He
was, however, in favor of the original
purchase of the property
Mr.. Bracket said he had a PROPOSE
ton to make to the committee, and a
! debate ensued as to whether it should
be privately received or read in open
meeting. The proposition was finally
accepted and laid on the table, after
which the meeting adjourned.