The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-10-13
DaFtletf's esft for esoo. go Really
Means MueA Nore-ARgunent On
Metioa Ter . Receiver - De Heard
Next saturday ~ Juage HaAley.

speculator 10 another in hopes that an
other Chicago might sprtng up on Deiling-
ham bay.
The Fairhaven Land Company owns
hotel that COS: $l50e0e: its stockholders
have control of valuable coal lands and
yaAous other properties Of great worth.
President j. J. Hi owns a good-sixed In
terest In the company. said to be one
fourth. for which he paid. and the suit
touches other big interests on more than
ono corner. Mr.. Bartlett asks the court
Tor receiver for the company Affairs. be-
cause he says 4 eiims TO be insoIvent.
that 1t owes c. X. Larrabee, its president.
$4,000: its stockholders $l06, coo, and the
6kag.t Coal and Transportation Company
sA.o6o and various other debts which it
claims Of si7s.sss and siss. 900 and slsa. 900
In seiinausnt taxes which he says they
OF 10000 VIII aerue IL the taxes are not
paid. thus jeopard,xins his interests
He also asks for q vendors lien and de-
originally transferred by him to the land
company. as well as stock Of the Beiling-
ham Bay Land Company, also transferred
TO the Fairhaven company for a consdera-
ton. Then ~ wants personal judgmen.
for about 80 90 and an attorneys Zee OF
t2o.oo0 and a deficiency Judgment against
the Fairhaven Land Company.
Asks for Receiver.
The demand Ia in reality for all the Fair
haven Lang company's property and In
terests In Whatcom and Skagit counties.
70 be turned over 10 . receiver for his
use, as his complaint claims that the as
sets OF the company consist of realty ad-
vacant lots and unproductive lands, yalu
able only for speculative purposes. and
stock OF the Beiiingham Bay Land Com
pany. all toid worth less than $50 200.
Mr.. Bartlett in this clause OF his COM
plain. follows the words of an affidavit
made last year by the Fairhaven Land
Company when II was beginning a fight
against the collection Of delinquent taxes.
In which Fairhaven Is described as little
village. with few business houses aud no
agricultural resources behind IT,. and the
eompany,s property is described an MFR.
Bartlett has copied 1t.
The suit was originated when Nelson
Bennett, OF Tacoma, with the energy OF a
real estate plunger who operated on very
Fairhaven about 1859 He wanted room
TO expand. ard Erastus Bartlett, wealthy
Californian and a close friend OF the What
com pioneer, Edward Edr.dge. had 80
city. Bartlett and Eldridge had large
holdings Of valuable land all around Bel
ltnghsm bay. some Of It in partnership and
some individually. The land was cheap
and they foresaw the future.
Bartlett sold an undivided half interest
In the $50 acres 10 Bennett for *lSe.o0o. Tor
bear interest at per cent Expenses Of
plating and marketing the lana were to
be divided equally as the city grew.
Bennett for some reason ~ hastily made made
he had II we'll started In doing so ne
transferred the interest in the 80 acres
to tho Fairhavsn Land Company IN 1890
That company gave It's own note In lieu OF
Mr. BENEFITS. for two years. and deed
and the note were put In escrow. The
note was never paid and Bartlett demand
ed II and still holds il, claiming the con-
tract Ia etill In force.
Company Paid No Taxes.
Things ran on TIL 1896. Times were
any lands were paid by the Fatrhaven
Land Company. according to the complaint
Of Bartlett. A new agreement was enter
payment Of ss4a3o having been made. BY
the new agreement $4,000 was 70 be paid
for each Of three years, then tE.eoo for
were to DO paid and Kept paid The land
company Was to handle the lots. IL plat
ted but bsrsists was asa TO r.. "a, , pr.cseas
paid TO him. Bartlett says, ana no taxes
have been turned into the treasury, and
something must he done quickly. This Is
hts story Of part or the suit.
The second chapter of the boom specula-
ton began ana ends nearly similarly.
BARTLETT and Eidridge formed the fseiling-
ham Bay Land Company In 1890 with
stock was si.eHa.l in 1900 shares. They
owned the old Beiiiagham property and
various large tracts The Fairhayen Land
= Company in isa bought hag a million dol
lars. worth of their stock for ssIS.om Of
land company notes, sfi511 TO be paid in
one year $io0 90 in each of the two fol-
lowing years In 1895 there was due on
was made, New notes were given al
Per cent, sSso was 10 be paid in one
year ard sza.o0 in each Of four others
sne-fourth to GO 70 Eiariase. the balance
Az$ E<r lar
bought Esdrismes interest.
In September. I&7 the taxes on the
Fairhaven Land cornpanys property had
the court made one ruling and the conn
pany anis, IT never caFrs 10 trial before
Jury. Rartisst claims thai the tax suit
was usesi 70 play big suehre game on
him. His complaint says that the Fair
haven Land Company Was to keep AZ ali
tire taxes on It's own holdings and on his
Amounts claimed sha. the company rep
resented TO him that ;hey must negotiate
loan to raise money 10 place in court
for tender 81 the amount they were will
they asked him for an extension OF time
On the notes held hy him TIL 1sn.. watch
be granted.
FRAUD II Charged.
he claims that the loan they spoke az
WAS never negotiated. the tender Of SIS Us
pzs Gesk paid ksER souri, IDs lax question
Was net Irrigated other agreed moneys 10
80 10 Esstridg~ weye not paid, and the
saxes were noI paid. - that ee lands
witch BE- a~r~s ari IN which ne lad az
interest we're threatened with SAFE For
unpaid taxes Fur these reasons he Ahro-
gates The last agreement and ciash.s The
fga arsouns az siNasa With Interest, as
the srseans s-s e- the RslatnEham Ray
Lana c.enpary's deaf.
lie alleges that his secavaty Of sterk
q she Rsiiingnan BAY Lard Company 10
rot wrstn 80 FER cent. 81 TIRE debt On that
deal and saat The landed security ne Aosss
fnr ere G~SSss an. interest cue or Land
first Sold II Bennett ~ werth 10 mare
sAan - PER cent 81 thar 5s2s AMI he
p-Ass sse esssrT s5r relief
rasA - makes @xprss. charge u
frssa re says J. Hill o1es TIE Fair
haven Lard Company SiHsa ara that
Ire e~sexs Ard accounts have beer 50 man
srsl.Ats3 that nn sacs ie5t spp@a-s Also
that :aA Sxssst Co&s s. Traaspcrsasso
Company owes TIRE same lard COMPANY
ever rsaac pa, the eoeks have again
heea 80 manipulated that trey are made
10 xsew that tie FatrsAv~r Land Ca.ys.
rany ewes tse stNer sag- PAM 81 ne sAus
~1~.stgG Awsy t~c assets worth teI sss
,has ~ wants restored IN taw ra.e al.
tie SsH.ss ga 4 Trans resrts;fe1 s~ens.
parry 20 saws tsSt sis@ Stockholders are