The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-08-27
WARRANTS ARE GONE
Missing Funds Cause Arrest of
Contractor Macleod.
HE is UNABLE FURNISH BAIL.
j. w. Macleod Locked Up ON Charge
of Embezziiug Money Belonging
TO l.. A. AgasSiZ.

]. ". Macleod, the well-known rail-
road contractor and an old resi-
dent Of this city, lies a prisoner al
the city jail 10 answer 10 a charge OF lar
ceny by embezzlenent said 20 nave
been committed August 10. The warrant
was sworn 10 by l.. A. AgaSsiz before
Justice Caldwell yesterday, and was
served on the accused shortly after noon-
From that time on till late in the even
ing Macleod made desperate efforts TO Sc
cure bond of $50, but was unsuccess-
full. and finally was locked up in he city
Jail.
AT police headquarters last evening Mac
leod acknowledged that he had had
misunderstanding with Agassiz over $500
worth of warrants for which AgassiZ held
his receipt. He declined TO discuss the
matter at any length, saying he wished 10
lay the case before MS attorney before
making any statement for publication.
However, he said he would be able 10
produce the warrants by today, IL ne
should be given a chance.
Agassiz is a member OF the flrm OF L. A
Agassiz & Co. financial agents. and II IS
understood that Macleod had bought the
warrants for them. When the time came
for a settlement, he was unable to give
either cash or its equivalent ana the re-
suit was the arrest on q criminal charse-
Macleod, as might have been expected
was much downcast at his misfortune
and seemed TO feel that he could straight
en- matters satisfactorily. He was
frank in making his statements, yet
when questioned as TO details said:
You are asking too much
]. W. Macleod came to Seattle from
British Columbia about the time when the
construction of the Seattle, Lake Shore
a Eastern railroad was begun. He oo-
tanned one of the sub-contractS Tor the
construction of the road in partnership
with Thomas Earle. They made TOUR
siderable profit out of their sub-contract,
and when construction of the extension
from Snohomish to the boundary was de-
cided upon they were awarded another
considerable sub-contract taking part
payment in stock at half Its par value.
since the completion of this contract. in
the spring of 1891, he has not been active
ly engaged in railroad construction.
Before the extension 10 the boundary
was completed the majority of the stock
held by the Logan-Armour syndicate OF
New York was sold to the Northern Pa
c:fic and Macleod, with the other Seattle
stockholders, found himself one of a
powerless minority. In March. 1898, he
and Angus Macintosh, filed petition In
the superior court for the appointment OF
a receiver and for the annulment of the
traffic contract by which the Northern
Pacific operated the road. The case was
transferred to the United States, and in
June the petition was granted.
Under the reform administration of
j. T. Ronald. Macleod was candidate for
appointment as chief of police in success
sion TO Bolton Rogers. but was disappoint-
ed in the selection Of Andrew jackson.
lie has not followed any regular oecupa-
ton since his last railroad contract.
Macleod was formerly one of the best
known men in the city. and was quite
popular. He was noted as sporting man
and formerly owned several fast trotting
horses. OF late years he has been in de-
cidedly Strengthened circumstances.