The Shadowy Real Estate Dealings of Louis R. Kidd
A local legal battle reveals a trail of suspicious property transfers designed to shield assets from creditors in the middle of a city boom.
The story, cleaned up
A cleaned-up reading of the newspaper page: spelling and layout repaired, one story lifted off a crowded page. It follows the original closely but it is not a transcription. The original page is below; read it if a detail matters.
Mr. Foster yesterday began suit in the district court against Louis R. Kidd, William W. Kidd, Grace K. Hussey, R. C. Kincaid, John Leary, and John H. McGraw. The complaint alleges that in May last, plaintiff began suit against Louis R. Kidd and recovered a judgment amounting to $440. An execution was issued and returned unsatisfied, because no property belonging to Kidd could be found. The complaint states that when the debt for which judgment was recorded was contracted, Louis R. Kidd and Grace K. Hussey owned equal undivided interests in land worth $60,000. On May 11, 1887, Louis R. Kidd executed to his sister, Grace K. Hussey, a deed conveying her his interest in the property; the consideration named in the deed was $5, while as a matter of fact no money was paid, and she holds the interest solely for his benefit. The complaint charges that the two have combined and conspired together to prevent Kidd's creditors from collecting their just claims; that Mrs. Hussey is now actively engaged in selling the property, and as rapidly as she receives the purchase money turns over one-third to Louis R. Kidd. It is further alleged that R. C. Kincaid has confederated with Mrs. Hussey and Kidd to defraud the latter's creditors, and acts as agent for the sale of the land. Mr. Foster asks that the deed from Louis R. Kidd to Mrs. Hussey be declared fraudulent as against the judgment of the plaintiff and that an account be taken of such lands as have not been sold.
“The complaint states that... the two have combined and conspired together to prevent Kidd's creditors from collecting their just claims.”
This 1888 litigation over asset hiding and speculative land holdings highlights that Seattle's struggle with opaque property ownership and high-stakes real estate manipulation is not a modern phenomenon, but a foundational thread in the city's growth.
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