, 1874-09-10

Territory but the paper publlshed oy
the General himself, and the six or sew
en- hundred Republican voters who two
years ago joined the Democrats in q
movement which resulted in the election
of McFadden on a no-party basis.
IRoN.--Mr. Tredwell, of San Francis
CO. accompanied by party and outfit
left here on Monday morning for the
purpose of making thorough examina-
ton of the extensive iron mines on the
line of the Seattle and Walla Walla
railroad between this city and Snoqual-
mie. with the view of establishing iron
works, if the ore, upon examination
stands the test, of which there is no
reasonable doubt.
The manufacture of iron is now the
leading industry of the world, and there
is no point on the habitable globe which
combine greater facilities and advantages
for the manufacture of iron than this.
Here we have in close proximity mex
haustible iron beds, coal fields and lime
stone quarries, all of the best quality.
convenient to one of the best and most
central ocean ports upon the Pacific
ocean. The iron works at Oswego, on
the Willamette river, costing over one
hundred thousand dollars. are proftably
carried on with no coal but charcoal,
and all the vast quantity of limestone
necessary to smelt the ore, is transport
ed from San Juan island, to Tacoma by
water, thence to Kalama by railroad,
thence by steamers, fifty miles to the
iron works. In San Francisco, all the
coal and iron used in the vast manufac-
turing establishments has to be trans
ported great distances. and yet the bu~
siness is largely remunerative. A late
San Francisco paper says of an estab-
lishment which has been but short
time in operation: "The Kimball Man
ufacturing Company are building the
rolling stock for the baueelito narrow
guage railroad. The business of the
Kimball Company has increased to such
proportions as to necessitate the leasing
of the property on Fourth street, oppo-
site their works, with frontage of 13O
fe ct. Their weekly pay roll involves a
of about $4,000"
Think of what such an establishment
would be to Seattle! I'll gives employ
ment to at least 600 men, representing
a population OF 5000 souls; and with
our inexhaustible supplies and the ever
demand, this might be profit
ably increased ten fold in the shortest
time practicable for the erection of the
necessary buildings and machinery; our
ship building and coal trade would be
increased in equal proportion under this
impetus, giving to this town within the
next five years prosperous population
of 100000; covering the entire mud
flats with docks, ship yards and manu-
facturies, and the entire space between
the bay and Lake Washington with i'm.
proved city property, of q real value OF
800, 100000, for an original expendi-
ture of not over $4,000, 1000. Is not
this better than 2 per cent. month?
Yet our capitalists. who have wrung
their money, cent by cent, from the
necessities of the whites. or by selling
whiskey to the Indians, had rather pile
dollar upon dollar by usury, grinding
the face of the poor, depreciating indus
try. repelling population, opposing all
enterprise, shirking their share of the
public burdens by Annanias returns of
their ill-gotte1 accumulations, and op-
posing necessary taxation to meet the
public expens, !, in order to speculate
upon the dep. stion of public debts.
With our boundless resources, with
untold millions awaiting but the touch
of enterprise to open the food-gates of
wealth and prosperity. with sufficient
ready capital to inaugurate system of
developement which ettract capitalists
from abroad to share in the bountiful
harvest, the money which comes here
for purposes of trade or to promote the
industrial pursuits. is by cohesive at
traction and the enormous absorption
of two per cent. month, speedily ag-
gregated to the pile of the usurer, the
most heartless, soulless obstructionist
of public progress, and unrelenting en-
emy of industry and enterprise.