As soon as rumor was abroad that ;he Adrián water bonds were on the narket, teiegrams began passing forvard and back bet ween New York and ;hat city. Post, Martin & Co., ííew irork,statetbatthey negotiated í'or the aonds through Ea3ton of 185 Broadsvay; iuveated their money in good Eaith, and believe the bonds to be genuine. They paid for them 106 and interest, and liave, together with Easton, 3old about half at 109 and interest. D. A. Easton said Mayor ííavin corresponded on the subject, and his agent went to Adrián, found that the bonds were "duly authorized and secured, and made the necessary arrangement9 there. The sale was negotiated two weeks ago. A rumor got afloat that the bonds were not genuine. Post, Martin & Co. telegraphed to Navin about it. He and other city officials telegraphed back that they were all right. PRESIDENT KING OF THE DNION TBD8T OOMPANY says that all the money paid for the bonds is in his hands. Mayor ïsavin has adviaed him that drafts had been drawn agaiust ir. covering more than half its amount, but these drafts have not yet been presented aiul iL presen ted will not be. honoied until the valiaity of the bonds is proven beyond all possible question. He is disposed from lus knowledge of the telegrama recei ved by Post, Martin & Co. to believe that the whole scheme of the issuance of the bonds was a great fraod. SIÍECTH KROM POST AND TRIBUNK. Thomas J. Navin is not unünown in Detroit. He is 28 years old, or very near it. When he was 21 hewasknoWn is a law student at Adrián in the office of Geddes & Miller. Tle was the son oí poor parents, and his etlorts to enter society were somewhat frowned upon. Of late he has been the lion of a eertain elass, and did. everything, as the popular phrasrs is, "with a brass band and a procession." When Adrián was admitted to the aouthern Michigan tvotting circuit, Kavin distinguished himself by betting freely, and winning much. One of Navin'a business transactions, ol which little now ïemains, was the formation of the "Only Lung Pad. Company." Going to a prominent Detroit physiciau, he, or some of hifi friends, asked for a prescription to apply to the chest externally. It was " v „ n ,1 Efa J ' ,rx rt. v x-1 1 ■ . -h -.J ft ft l ' I1T ilVA given and "meclicated iung paas were advertised and mauufactured. Many ;i Detroiter will remember the numerous posters - THE ONLY LUNG PAD, ; DR. J. N. P. ONLY. The letters J. N. P. were the initials oí three young Adrianites, and meant "Jones, ïTavin, Price Only," tvro ñames being supplied in place of Jones and Price. A vast amount of aclvertising was done by the company, many pads sold and then the concern failed. Country newspapers by the score presented billa thatno man could pay.