The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-05-11

ifT ~ the directors IRE minority - -
raw.aI hw ERE mANras kaen4Hnls4erE and
sfeek srffaww fee sorf-n1 - fhr M~Nf hgr1-
ha1#efa - ~entgnue FOR th~ee wesrs - ar
f8 4anssFs & fse TIE first f-on sbosders
agreed fhea IS atsrrfaa ere fore~iosfre
aH AMI uagve fhetr infnweat during that
rerta& pReest - thw raaa might earn 81.
sHe aaeea~ h9aaHalfera acre - cancei 81
80 zasfr fHtereNs for tfN SAM f@rtoi- ~
aar naHa r ranaifkor bv the frFt hons-
BODIES chat ems sfoeshus fsrs an1 Second
fssn fhnsserz sea1l4 usn fae.~ Influence ara
efforts - hTfnw fhe property ~ - &@'a
nnnflftan
--Tae raera~seixassrr aErp-sFseat vas
aFss.ss e~rnraeral when Ere Pike srrtst
f.ss7aE auesztsn rsrne Hp. TIE com
f.sBrs rfaesaaes Nere H1s suf1ieiss7t - ray
nare easn fn~ nre~afhEE eEr<usf~, ars1
fhefm hssnE TO fuu2s mss nama. the CON-
rnag waas 8-eFlY asipsas@ - - rae paw
eng waas.sn naseessa8sat ed ta8e ~ets-1ildnG -
f1e cracks aarnax ere streef. a. vel as
gssslns. tae paemE ard fa7lal 1inE e7-f-
sag AaafaT ninzs fs.sseem sisa*s ard - -.
THere maE ~ rrpsasson - LA ~ win
tne euuarsa sV's share ~ ere paving conld
g. paa1 for hv truela1luleF, CT. a. there -
for ere a8sgsllag properly csmers. u
neres~8ates The RAISING - anout F>HH
or t-8pe o. cash Tao present c11iiti1sl
of the company IL hsip3ass- and norllng
could - 6yna EesesEeg rsE--iftsfts =
couid ncs ~ sid and = hes-lrne Heces-
ssary ~ nrxrs-ftte tne loan s. the Ess.-
This. when ttas property Is involved IN
Hslw-s ffsu and ~ H1rereat having p@er
paed go ~ rrsT fssqds ~ very difficult
fisinE 90 ID. WHISTLER the city Seeks -
csree = ro 10 50. or whether Il s>seks -
raise the loan On as ox. ar1clut. II
the angs.aflef franchise - granted. as T.r0-
rfBsal parties in the Ea.l have agreed 20
advance this money and tspuplete the
paving At cuca This Will have a seuefi-
ctal cfTass also in that T. vii remove the
Aast obstacle TO Gae reorgst al za.1aon Of the
property ora she plan proposed Within
thirty days the foreclosure suit viii ne
dismissed. and the property removed
from litigation. In the present condition
81 ans times suGl d e1uSuuTn.s ton
Would nave a buoyaut effect on the bslsi-
fsass interests Of the city. aEpi the inter
eeats OF the second sr1ndnolfefss aud snsck-
holders. who are all local men would he
aavel from destruction. II the money
Is not raised 81 this manner. there is
fsothinz ahead but the prospec. Of inter-
mliaabla litigation. during whkh the Pike
stFs%ft paving VIII stand IN abeyance. and
which VIII probably resuls in total loss TO
TIRE iossai creditors and stockholders OF
the company"
Delays VIII Be Dangerous.
Messrs. De VRt and Scott also spoke
briefly on tsqe quas, ion. and answered
qiiesstioHs pu II them oy members Of the
eHnmHte'e. Mr. Scott said thar ID might
DE spzne tiu7e before the properly would
be OF any great value. bur- thak the pr 3
efaJ ARIA tx e.nent has been entered into
Tor the purpose Of pgssassting the se-s.ed
hondHoIdeTs for the time beng, also for
Efie purpose 81 giving the owners tho
elsaHce % get their property lack hv
nesting thctr obligation with the first
boudhOldcrS
ne COMMITTEES adjourned without taxi
ing action on the MASTER except 10 accent
alt matter filed. but r. IL expected eha+
the affair Will be reported tlpon AT +ba
nss7';ang q the council on Monday. Mr.
shepard Impressed upon the c-onm{rtea
me necessity Of prompt action. SO thar
~" o"niAtty can appear before Juaga
ttaaford. when he opens court here j.,
May =. and arrange 10 have ma tiers 81
a'fahsed AZ that time tina: The nnon,.,,
TOT me paving Of Pike street can no
i.4 "pthor further delay. or with as
Haete DELAY as possible.