, 1874-02-19
2ueet. Soa,la. 9ispatth.
Seattle w T. Feb. 1s 1879
WHO owns TACoMA.-The few persons

WHO owns TAcoMA.-Thef few persons
at Tacoma waiting for something TO
turn up" are made jubilant by letter
from c. B. Wright, Resident Vice Pres.
ident of the N. P. R. r. Co.. to Captain
5. C. .Ainsworth, Managing Director, as
follows:
DEAR S1R:-The Northern Pacific R.
r. Company have agreed upon terms of
purchase for the controlling interest in
the Lake Superior and Puget Sound
Land Company, and will proceed to
wind up or control the affairs of that
Company. The Puget Sound Land Co.
have large landed interests at various
points on the Sound, and negotiations
have been pending for some time past
for the sale to the Northern Pacific R.
r. Co. of some two thousand acres of
land in the city plat of Tacoma owned
by the Lake Superior and Puget Sound
Land Co. The sale was consummated
on the Sth instant, and the property
mentioned decided to the Tacoma Land
Co. This addition will make the city
plat of Tacoma embrace some twelve
thousand acres.
All plans having been now fully COM
pleted, the laying the foundation of
large commercial city will begin in ear
nest at once. A large number of East
ern capiraiists are interested with the
Railroad Company in the terminal city
at Tacoma, and contemplate many I'M
provements the coming season.
This whole letter is transparent
humbug to all who view it from disin-
terested standpoint. That the Puget
Sound Land Co. has been absorbed, is
a matter of congratulation to all who
disinterestedly wish well to the success
Of the railroad; provided, it is not sue
ceeded by another ling of the same class
under the name of the Tacoma Land
Co.: in which event, the whole thing is
a fraud, and under the present state of
public sentiment must inevitable prove
. failure.
This letter proves officially. what we
have before said. and has been as often |
denied, that the Railroad Company has
no interest in the Tacoma city plat; the
property there purchased from the other
land company, being Immediately con-
veyed to the Tacoma Land Co. Now is
it not conclusive that if the railroad
managers had any faith in the future of
Tacoma, and had determined on 'laying |
the foundations of large commercial |
city," they would have held this land
for the benefit of the rise to their own
Company, instead of conveying it to
a Company for purposes of private spec
ulation; else, they are precious set of
rascals, betraying the trust reposed in
them and swindling the stockholders
and bondholders.B - atssa
Another conclusive proof of tie wild
cat character of this Tacoma speculation
is, the extent of the city plat " embra-
bracing some twelve thousand acres;"
eighteen and three-fourths square miles;
equal to six and a quarter miles in
length and three in breadth, with room
enough for four hundred thousand ten,
ements, with ample street conveniences,
and population CT five millions.
If Eastern capitalists have invested
in this speculation, their money has not
yet reached Tacoma to pay for the i'm
provements already made, and we are
confident it never will, if the investors
take the precaution to examine or in-
form themselves of the character of
their investment before venturing fur
ther.