The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-12-22
nTY WARRANTS
AND INS0LVENT BANKS.
Lat of the Testimony fa the Case
Vow Pending In Pierce County
Superior Court.

scal D.spatch 10 the ost-Inteiligencer.
IrArOafA. De N.--The first 81 the
pFSeat series of warrant suits against tha
-. that 90 tle New York Guaranty ~
N1st Company VAS continued today In
- superior court win concluding evil
AAce tor The defeus". VI bale the trial u!
~ cas- has settled into a decidedly un-
1Aefssilrv gut, today's evidence, pointing
n The losses tle city sustained by the
Nggp Of local banking Institutions. WAS
ezF ffom uniuportant.
i EsTt f3l Nls the chef witness On this
seTe, ana hLa testimony went u show the
20 BAD something Ike xfo0tso In various
AGsks when exTreasurer Boggs went out
II esfcr Hlil RA= also II deputy under
" Mct'dNiey. who succeeded HoEgs
y treasurer. snd w1p. Ike Boegs, wound
- term by g senter1ee 70 the peni-
Isiaty. The pertinent phase Of this ,es
Uzony Affects iac case az bsr in SO far
- !; shows how much monty the city had
n e@I@sI' In tAe banks which were de-
tssssi insoivegt. l. shows that 81 round
NgzfHs thG gity was entangie1 - she ex
"a q about haf million dollars oy rea-
Fh et It's DEPOSITS in the .aaky banks
'fa.cA tn she cnd e.nsed their doors
,. There ar9 t@o views Of the evidences
Il his direction plainly opposite - each
(2U, TIE plasni rs ho.d that thss snow
z meAus the money in issue was not lost
- say fraudulent issue Of warrants. but
"a The failure of local hanks which Il had
p~n attempted 10 bolster up. Incident
-
sfs 81 THESE banks vas the outcome Of
acton ~ the cts council In directing
~ treasurer 20 follow ouc ;heir pan Of
ssacsng afuce the C.ty's liability.
he sarrAn; holders interested IN the
Tss~nt sait. as Wen as Others 20 follow.
nj - this view Ia Their prosecution Of
- case moss being heard. while the de-
1se areea The c5ty, meaning the taxpay-
A5vs tnleiui,sI 10 hefp oVt lat OF banking
fsa.ut.aas tx tiHear expense. whatever
- hata aevu the authority Tor tai~ plan
i lAe EFFORT rs the city IN SHOW What ths-
,fsral warrant holders Understood whom
f-T roU~lVef cash for their paper. VAS
alscsEejh~r ii success The majority
Witness iu tats direction made a pa1r
sWlbS 5nf tla city. sxpla ming they 'ilad
u ps4LFa understanding as 20 0aa; was
&c dose witg the warrants thus present
wAt they wanted tnsar money. got H.
tf Hat al They knew 0r cared about
~ Es-Ju AEf T. n fas ktf WAS the one
"a %Ao testified positively on tbs
rs SAY X he never Sold uf ass gige1 his
1T warrants. simply taking thern 30
Icas}lFef NafTe they We're .8snsd. He
~ ~ tHtics Judge ~ tha time referred
ID ara rt t~snE elected 10 term ot
S1.ssfor rnnrt bench. ant L hapD. nasi
"a, 80 h.r0 - pas sentence on eN~
.sssEeT George ". tSaggs. after iIFy
"A seclAr0d Hn&eS Etatty - charged
fnsea q evidence Furnished by the city
las fhe defense practically closes it,
Sevs cal sr1. 81 nt }zsues IA ths usii,i-
~ W. 3 g Ma expected 20 brus out
IA bAngEs evidence have been ,Nuadtt.
N doing this 0etinsel has eliminated
of tso trge jf4w4rfu~Ss of the war
17t~-ila1. i ezse points viii likely
H-m ifad.u- feature Of other eases to
20 b. bffNea, - trial! when * - hoped
sAf' iAs~e aa tse witness stand.
.as r~e--tlcn expects 70 make short
K'k 81 - rf4't't0i evidence. and In Is not
argument Wit ha opened Friday
tFzhx s'at concluded .n time 20 close
r. tlai ta' Neck