, 1875-04-15

lDQS OF the road, Win 10 Pok CONT.
for wear and tear; and this ID very near
" correct, for the most Of the road and
stock will have to be erenewed every six
years. Here we have $41 200 as a con-
slant multiple against the earnings of
the road. This would require 27SX
tons per day. at SO cent? per ton. to sat
isfy it. The balance Of the 500 tons.
227 tons. or $l13 so, which would be .
fair profit on the running expenses Of
the road. Deduct the running expense
es Of the two trains, which could not ex-
ceed twenty dollars per day, ws find
just $93 so to be divided amongst the
stock holders. SO 'fs
Mind you, Mr.. Editor, the interest on
the money to finish the road. amount
ing to 25 per CENT. the wear and tear at
is per cent, which will keep the road
good. has been provided for in the above
statement. This is no fancy sketch. but
rather plain statement Of facts that
will stand the test.
But, some of our stockholders may
say that they cannot afford to sacrifice
these very liberal donations Of land to
build SO short piece of road; that the
end for which these donations were
made would not be satisfied in the build
ing of the first section of fifteen miles
of road. Even 80, one thing is certain,
aud that is, if the Seattle & Walla road
is ever built it will have of necessity to
commence a: this end. and there is no
doubt but the subscribers to this stock,
be il in mouey or lands, would be large
ly benefited by the completion Of the
road to the mines. supposing it took
the last acre or dollar within the control
of the company. If. on the other hand,
this important work has to stop fo-
want of energy or tact to carry this en-
terprise out, what is the donation of
land worth to the company? compar-
atively nothing, for if Seattle is to re-
main small village, land outside of
one mile from the business centre will
remain unimproved for many years to
come. Grea! cities have grown up on
smaller beginning than the construction
of the first section Of this road imrlies.
For instance the city of Chicago. The
first road built out of this city was
ROAD fifteen miles long TO connect the
city with the high land on the divide
between the Desplaine and Fox River.
The object of this road was to form a
kind of portage across the low swamps
surrounding the city on the west, and
was built cheaply, using old strap rails
that had been taken up on some of the
Eastern roads. This road was built to
satisfy local trade, and it was not in
contemplation to extend this work furth.
er west than across the low lands, but
when the road was ready fo- work it was
found that its extension WAS q necessity,
and the road was extended to Elkin,
on the Fox River, distance uf thirty
miles. From thence dates the growth
of the great city of Chicago. 1t was
soon found that the sun sets vest of El-
gin and that the march of Empire wa.
| toward its setting. The consequence of
this great discovery was that another
company was formed and a road was
built ont to Dixon on Rock River
Business sprang up along the road,
farms were opened up. and the coun~
| try along the road changed from will
derness to garden. The people of
Calena, seeing the great benefit arising
from the road east OF them. organized
company to build from Dixon to the
Mississippi River. to terminate at Ga
lena. This work was commenced under
many difficulties and finally stopped.
until 1858, when some capitalist from
Boston took hold of the work. consoli
dated the three roads into one, forming
the Union Chicago & Galena road.
which was the mother Of all those
roads that nov permeate through the
length and breadth Of the great State OF
Illinois and finally reach out to the Pa
cific Ocean. Here We see what great
results have grown up from a very small
beginning. -
But, says some old settler. the case is
not parallel one. Possibly not; but
the advantage. If their is any. is in fa-
vor of the Seattle & Walla Walla road.
Once get this road running up to the
Renton mine and the road will build
itself; new interests will be developed
new industries will start up: iron. the
chief of all metals, will be made; rolling
mills will be put up and rails rolled.
Let this be done and the road can be
built to Halifax and that, too. from the
coal and iron that lies on the line OF The
proposed work. without the aid OF large
capital. Roll two rails. sell one and
lay the other. and then you cannot fail.
Another enterprise in Which our city
is largely interested is the shipping OF
this coal from Seattle to the different
m, rkets. 1t is but fair to presume shat
if this read was finished to the wrnes
this year there would be ct lsast one
thousand tons per day shipped from
abis place, within the next year or.
s.y. 06. .OcO tons psrA month Putting
the freight down at three dollars per
ton and We have SO. 900 TO pay some-
BODY for carrying these GOALS tor one
month. Or $sS6, ,oOo per snnum, no
small sum fol, he people of small
town to pay; still they must do H. un-