The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-12-01
INTEREST TO BE PAID.
mxY W1LL HoT DEFAULT or esq.,
- DEE IN NEW YORK TODAY.
Dus1nsss nlsa Nssa Secretly enA Ar
saaGs - TELEGRAPH the Money
Hass-Tha HaaaAh LaaA Confess
- - Msasa TsAay-1ars- Isabella
=. Cxaag MsszsaAv DsaA-
9assmo Oursau ef ~ Post-Inse.lizsncsr
I'm PAc4co Avenue.

I'm PAe4co Avenue.
TaSoma, Nov. x--epec.Al.-|sThs city
~sll aSt AAfa1zs - the interest due In New
York tonnorrow.- said City Comptroller
Bsuhnm tonight s-rhsre win bs ample
funds Deposited In New York TO meet the
sntsd Part ~ the money was sent East
tonight and enough more viii be forward
ed tomorrow - secure the city against de-
fault"
Fw the past two wseks the city author1-
ties have done some hard thinking over the
question Of how 70 gather enough money
80 meet the interest On the water ard ilgas
bonds due Decsmb~r l. amounting 20 SSz.-
90 On account Of the injunction IN TINS
Cove suit. a large amount OF money IN the
city treasury has been fisd up for months
past. Tbs recsnt suit Instituted By y. =.
Murry 10 prevent thu funding OF the S.e".-
90 Of outstanding warrants has furthar
complicated the city's financial ccnditfon-
Altogether the municipal authorities have
had rather rough sailing ahead, bat Com p
trolIer Benham 10 authority for the state
msns that the interest VIII De promptly
taIean care Of
This afternoon AZ 6 O'Clock a meeting
was held at the city hall. at which Mayor
Orr. Comptroller B<nham, City Treasurer
GternberR and City Attorney shaekisford
were present. besides number OF promi-
nsnk business men. including A. X. Nleoi.
who IL truetse for the citizens WHO gamer
ousiy subscribed nearly $<o.ooo year ago
In order 10 prevent default In the inter
est payment. The meeting was secret. ana
although II lasted bat a few minutes. I'm.
porsant business was transacted. and at
Its close a PARTON Of the money due To-
morrow was forwarded by telegraph. 10
was understood that AZ the meeting the
business men who atf1i hold $1,000 worth
OF water end light coupons which the city
has not tAnsn up. agreed 70 allow Treas
urer Stsrnberx 10 use tire funds tn Dis
hands for shs cisy's more pressing needs.
e.x months ago. when another senli-as-
nrai payment Was made, these same men
were sk<sd 20 allow thsir claims against
the interest fand TO wait I'll the city could
reach them. and they chssrfully acoai-
eeced.
Treasurer SsArnbsrx ard Comptroller
Heuham declined TO give particulars re-
Gardins ths payment Of the interest to-
sight. For some rssson the affair has
been conducted with great secrecy and the
erant amount forwarded could not hs
learned. II was learned. however. that
enough money was sent 20 meet all Of the
coupons that Will be presented tomorrow.
aNd tina city wifi rely on iss New York
agent taking care Of the remainder I'll tbs
last payment IL made. This viii be within
= few daye County Treasurer Hedges
took IN over go 200 tn taxes today and the
rfty's share r. being handed over TO Treas
urer eternberr a. fast - II can be with
an extra force OF clerks which Mr.. Hedges
put 20 work tonight. In the county troas-
sfrsws mail today came 1900 IN checks
and drafts. ana thase ara being d!str'b-
nted among the accounts by the night
force n he once.
m times past the city has Transferred
money from shs salary ani other funds
- gse interest fund 70 enable the Interest
pAyTneNk 20 be made. This course has
been opposed BY some ~ ths counsffrnen
VINO Declare 20 10 be Illegal. There was
sonns >alk Of % fu5uncticn. snd there IA
good ground fer he's~ving that the city
ofBcinAs have preferred 10 say little about
shs present emergency for fear that an
Injunction would be asked for In court hy
ehose crpcsed 90 tbs payment OF the inter
ct on the water hoats.