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Warrant Wars and Financial Fights

A legal dispute over county warrants in Kittitas County highlights the volatility of public finance in the 1890s.

Sheriff Anthony Meade, of Kittitas county, was in the city Monday on a fruitless search after a witness who had left the country. He made a visit to the artesian wells while here and considers he was well paid for his trip. Mr. Meade says the injunction suit brought to restrain the payment of certain county warrants was the result of the county commissioners creating a current expense fund, and instead of paying off the old warrants applied the receipts of the county to the liquidation of running expenses. Holders of the old series of warrants saw the value of their property depreciated to seventy-five cents on the dollar, or even less, for there is no sale for the warrants whatever, and they naturally objected, and the restraining order was the result.

“Holders of the old series of warrants saw the value of their property depreciated to seventy-five cents on the dollar.”

— Printed in The Yakima Herald (North Yakima, W.T. [Wash.]) 1889-1914, 1892
Then · 1892134 years apartNow · 2026

This dispute over the devaluation of government debt mirrors modern arguments about fiscal management and the protection of municipal credit, reminding us that public finance has always been a contested space for local stakeholders.

The original page

The Yakima Herald (North Yakima, W.T. [Wash.]) 1889-1914, 1892-03-17. Library of Congress, Chronicling America.

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About this story

From
The Yakima Herald (North Yakima, W.T. [Wash.]) 1889-1914, MAR 17, 1892, Page 1
Text
Cleaned up from the page — spelling and layout repaired — not a word-for-word transcription. The page itself is above, for exact wording.
Rights
Public domain
Place
46.99706, -120.54512 · placed automatically
The paper in the Library of Congress catalog ↗