| Show I 1 banker protests territorial coupons I 1 MONEY IS 13 IN NEW YORK payable nere or in gotham but no funds are held at this end and Is on demand the treasurer says it Is a political scheme and the cashier says it Is business both stand pat I 1 cashier dooly of oc wells well fargo co claims that tile the coupons of the territorial tan 1 loreal builds should im be paid a at I 1 tile the des cret national Na bank baltic in thin cl city ty territorial rit orial treasurer claims that anat inasmuch much as 18 all tile the money set aside to lo pay lay tile hie coupons Js Is on deposit lit in tile american U national bank at new york said coupons arci payable at that place As a result ot of this conflict of 0 opinion twenty five Teril tortal coupons coupon ot of issue no 1 ot of the year 1888 went to protest wednesday afternoon and yesterday some hot words worda were bandied over the telephone between mr dooly and mr lead As aa financial representative of some people ln n london mr dooly or rat rather her wells tareo fargo co received t twenty live lire coupons of tile the Terri territorial territory torl at bonds ot of issa for collection lie he forwarded them thein at once to the deseret national bank baal tor for payment where they were made payable according accordi ncr to law to his surprise so mr dooly cla claims irlis they were return returned eil unpaid with the statement that there was vas no money on hand nith which to pay them mr M r dooly promptly sent them to protest and accord loe to A mr fr whitehead telephoned to tile the latter as a treasurer the following explanation of his action of courso course I 1 nm am the present condition of the territorial finances and wish merely to insist that those coupons be paid at once they read payable at the deseret bank of salt lake or at the american exchange national bank of new york at the option of the holder treasurer whitehead telephoned back that the money for their payment was on oil deposit in new york and consequently 8 could not bo be obtained here sir mr dooly insisted on tile the option part of the contract and would have the money from the deseret or not at all whitehead said mr dooly telephoned somewhat like this tile the deseret bank Is making money out of the territorial funds it advance me the money on t those coupons and send them on for collect collection inn to which the treasurer replied that such it a thing thine was impossible and unreasonable then one or of the other of the sali said danin damn reason and hung hune up the receive and went back to its his desk at the bank they did nal vare care to enlarge on what had been hadovee the wire but declared mr doolas position was a simple one the r coupons are made mad payable either cither lit in mow low york or stilt salt lake jake J ake therefore There foxe arnn ullene riesen ted heio be paid The Treasurer lins has no option lit in the matter in defense sir if whitehead slid said that it had bad been the custom fors for a number ot of yea years s send the interest to meet the cell coupons ons to tile the ami ain i arai i exchange bank bec because use almost nil ail of them were held sit in thelast the east the de deseret seret or local loca I 1 territorial bank has had no notice ot of the deposit arid and therefore 1 L buil not meet the payment under any any circumstances wells fingo fargo co contradict the treasurers Treasur ers rule of 0 precedent and claim that they have fi frequently collected the moey bev on oil the coupons coupon 1 at tile the deseret bank but in submitting el dence of that fact to the ri reporter orter yesterday the blips of oc record contained tile words city bonds sir mr brastow explained that that was a cle ll 11 error they should ila read ter bonds there the matter might rest as a mere ot of veracity but for foi the fact that the territorial who has a keen scent always forthe pig in the poke thinks he smelts a political scheme in mr doolos action 1 I in tile tho first place said ME mr whitehead mr doo wants n to discredit edit the adminis ration and in fit the second place lit ha wants to eke cite out a bit of spite on me for defeat defeating inq liim him for the office of 0 treasurer when ho he offered to perform the duties without remuneration when sir mr brastow of wells fargo co handed the story to the tribune he ramal ked Th alsi your democracy tor for you so its a deadlock I 1 40 insurance men return the insurance committee that went to san francisco lasit week to secure the tha vo operation cooperation co of tho the general coast managers in the preventing tins of rate cutting in this district returned yesterday morning ons one member less nil air hugh anderson lit in california and str mr heber J T grant ic le turned alone the committees ints pion mr grant sam sabi was lully fully d hiie the gen eren cral inu lit in san francisco will now instruct their agents in ill salt lake to adsero I 1 to 0 thi th V rul rules ax of t the lie I 1 ocal local union manager SIa magill of the continental insurance bo however wever will vill remain out as heretofore tile the insurance sur alice situation in general therefore rests exact exactly 13 where it 11 has been for several months past competition in cattle sir mr J A cunningham sends the tribune an ail interesting clipping from the cal calvary ar 15 C tribune chich tells of the die shipping shipp lne of I 1 2001 head 0 of f b bee steers tu to england IBn gland via Mon montreal montreali f alberta U B C them beef biet kain a ivady d y market in ill competition with grain fed cattle f from rom the states stales because ot 0 the fine grasses brasses of thi th country not coith th of the federal line tal may foreshadow a serious to the local product |
