The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-02-16
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mad. bat SAYS that II the collateral IS
4dNiD3sy piey4gsti - demands ttat the Pre-
restAs - followed 4ma saa4 tae properly
garefsase1 - esceg - mel
~ different times according 20 Coles
complaint. be has Inquired from Price
sae amount ~ lndeAsesga@es ~ ne iowa
y4isNSs and has been told by Price that
i oid NOT exceed 81 sa In August ixss
Fflfe. according 10 cole, stated that tA.
Ifsf4e1feGn@ss 10 tne Iowa banks had f4aen
reduced - S@s,esa whereas the indebted
iiess excvssssa 81 osa. aside from the in
aiFidnal notes ~ n. and Ms Price
'"ir nahfs to get Information.
The complaint continues.
r ". Price has AT divers times dur
ing IN" continuance u the partnership
t-th@ss anu ne'd title Ia property belong
snE ~ ta@ partnership IL gn4. Individual
name ~ r " Price for ire yatruesse ~
s1Isseatjing ana decsiSing the plaintiff and
mas AIt@FNara treated tie property a. the
ma idtai property ~ r. " Price
IN SEPTEMBER. isss Price stated 70
p5a1h0f that eEerpf hing belonging 10 the
aftnersflp had b.sn lost and that Cole
t.'4a nF{teF ~ East and gst sssgaet irsTig 10
Or" and represented - cole that il was
necessary ~ 20 through bankruptcy
Cole SAYS that during August and Sep
tefn0-r ne ~as unabie 10 go any lnforrna-
uoEl from Price regarding the assets ard
liabilities OF the partnership being con-
tooer on account az the representations
or Price. he says. and during the last
or the month he received letter from
Price. who said that he was going 20 send
hls family East, and threatened To 20
/. INTO bankruptcy. giving Cole 10 understand
that there was nothing LEFT ia the way
OF partnership property. cole says that
during the past TAO years Price has fire.
queHtly stated that certain notes held By
the partnership against one Stlnson and
others were unpaid and uncollect!0e
whereas large portions had been paid
and Price was collecting large sums
thereon.
Cole says that since 1881 the losses have
exceeded the profits. and that under the
terms Of the agreement Price was not
entitled To draw oct money on his per-
sonaI account. lie accuses Price OF
drawing cat large Sums. and alleges that
! he has taken out life insurance on his
own life through Stinson and paid pre-
mIuns ~ crsciting the premiums or a
portion thereof on notes against stinson
held BY the partnership.
Say. He Was Mi.informed.
Cole says that no asked Price las,
August II anything vas being received
from logging operations and that Price
said nothing" Cole alleges that opera
tons were being actively carried on and
that Price was collecting large sums of
money. Cole says he has not drawn
anything from the partnership for two
years. save portion or the dividend from
the Novelty MIL Company.
IL IS Coles belief that If the assets and
liabilities OF the partnership were han
died properly all the debts without re-
sorting To the property OF the Lumber
mems Logging Company. could ~. paid
IN asking that the partnership be dis
solved and an accounting had Cole rep
resented that IL was necessary to have a
receiver appointed and that a restraining
order be issued 70 prevent Price from
secreting or aisp0sing Of property Cole
said that Price had conducted the part
noTship In the interest Of himself. with
the intention Of getting large portion
of valuable assets into his own name
Judge Moore issued N order eppeintiug
;. / Crawford temporary receiver and
granted a temporary restraining order
The case will come up on it's merits In
Judge Moore's court GA the afternoon OF
February a
traHforc qualified as receiver with
| BONDS In the SUM az si0.u0. with a trust
I company As surety