The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-11-28

Tacoma. Nov 27.-Spec!aL - BY next
Monday or Tuesday the Murry Injunction
case Will come TO an end In Judge STALL
cups court. The case has been on trial
for three weeks past. and on account OF
the close relation the issuea involved bear
&c The city's finances ii haa been watched
with considerable interest by those who
hold obligations against the municipality
and by its employees. who have been forced
for long time past TO discount their time
checks 20 money brokers at severely
high rate. owing to the muddied condition
Of the c4sys fiscal affairs.
d. F. hurry. the complainant IN the
suit, has undertaken to prove That over
81 .0lo000 OF city warrants which were
drawn on the general fund from NoveTn-
Der 1850. to April 1875. and which are
now outstanding are void, for the reason
chat they were redeemed or purchased by
Treasure Boggs with city funds. IL has
been alleged that in thus reoeeming the
warrants out of the order Of their issue,
or purchasing them and selling them 70
bankers and brokers. the treasurer had
in effect paid the warrants, and tnat they
ceased from that tine 80 be ooiigations
against the municipality. In support OF
their allegations the plaintiffs nave put
In evidence the deposit slips OF the city
treasurer during the period mentioned. to-
rether with q copying book from tho
trezsurer's office. showing the numbers CT
a large amount OF the warrants alleged 20
have been purchased with city funds.
TIE city Is resisting the suit on the
ground mat the warrants. except perhaps
Ssea e9o which were deposited In banks now
broken. were sold and value received by
the city. and that their purchase oy Boggs
and reinsurance does not tsnd 20 canoe!
them wherever IL can be SHOWN that
money was received in exchange TOR tnesn.
Nv
the city was preparing TO issue bonds 10
refund the warrants.
To-Day Comptroller Becharn was on the
stand for large par; Of the NORM g ses-
sson This afternoon the city o1erec 20
PROVE that In the Traders bank sDo IN he
Columbia National, both Of which Rave
suspended. Boegs and subsequent treas
Grers drew ont more mercy than was RED
resented IN the deposits OF general fusd
warrants row aleged - r7r 49, t~e
cour, ruled against the admission OF this
evidence ere purpose Of which sas 20 ss-
tanEsh the fact that The city had received
vs'He for large srrouri OF tire warrants.
From the evidence which sss 30 Tar
beer recesved Il Is evident that Boggs s--
sc-.sd mot pate for want OF funds" rot
mere than S pe- cent % The warrants Is
suad frcrn January l. 1881, ttsi the end %
hfs term April Il. 1901 although during
that time there were already thousands
az cellars cf warrants outstanding 20
which TIRE cgrrent revenues should have
Been APPLIED Ers*ea8 90 regularly t-do-S-
snw re warrants tsorgs atvznced cash for
snerr. presumably wtfs IRE city funds,
sns afts-wzr5 sod them 20 brokers ard
bankers number 81 prominent financial
men ard bankers n Tacoma had orders
so- city warrants placed regularly with
Ecxxs.
The v1cscss nature Of the transaction Is
evident when r - considered thaf BceSs
Deposited large blacks ofws-rar.s in banks
that were LITTLE less than cTtninaiiy man