, 1876-11-11
a GREAT WORK.
THE SEATTLE AND WALLA
WALlA RAILROAD.
AN ENTERPRISE WITHOUT SUBSIDY.

sAAat 40tOANHto VI OuA SAs AhC oO OCCRAy
concerned and in which our best ci,i-
zens are investing their surplus capital,
was incorporated over two years ago,
but never assumed tangible shape
until the Company made a contract
with the present Superintendent Of Con-
strnction, James NJ. Colman. Esq. The
President is A. A. Denny. Esq, of the
firm of Dexter Horton & c.. bankers
of this city. while the arduous duties of
the Secretaryshir. devo!ve upon Hon.
Roswell Scott. The Office is in Col
mans building. at the corner Of Mill
and Commercial streets. To the Secre-
tary o. the road we are indebted for a
few
FACTS AND FIGURES.
The capital stock of the Company is
$lO.000,0 900, divided into 100, 900 shares
OF the par value of 500 each. Whole
amount of stock issued up to date is
l,124 shares, of which LOLA are fully
paid up; leaving ITO assessible shares.
on which some $1,000 has already been
paid. leaving $1,000 delinquent. The
largest amount of paid up stock was
paid in lands, some Of which have been
sold and the proceeds applied to the
payment of the Indebtedness. which was
$4,000. The present Indebtedness is
about $S 900 including interest.
THE BONDS
There are also gold bearing bonds to
the amount Of $4,000 redeemable in
gold at the expiration of ten years, with
lntea est thereon payable in gold. Of
this amount. $50, 400 has already been
subscribed and paid in. leaving 50. 600
more to be taken ur. The character of
this loan should especially commend it
to foreign capitalists seeking invest
ment ON our shores, rs its hard metal
basis relieves it from the dangers conse-
quent upon a redundant and inf1ntable
currency. The way that the moneyed
men of London and Frankfort got bitten
by the Vaccinations of Latham snsl Ben
Holladay. in the Vall-j' aud Oregon
East Side) roads ha- Sern u -reat
drawback to all subseqn-u, ENTERPRISES
and the only wonder Is that the Seattle
and Walla Walla road was able to get
any Of its loan taken at al.
ExTENT OF THE wosk.
Commencing mt the long wharf re-
Gently erected by the Company at the
southern end of this city. section Of
twelve miles has been graded under the
OF Chief Engineer, T. B.
Morris. formerly OF the Northern Pacific
Railroad Co.. II gentleman of great en-
ersy and ripe experience Leaving the
wharf We come upon lengthy piece Of
Piling. just ZOO feet long. Over and
beyond this, the track has been laid as
fast as iron came to hand. The iron IS
much heavier than is usual upon mar
row gauge roads, being abou. 35 pounds
to the yard whereas the ordinary weight
Is from 2S to so pounds. The work of
has hitherto been very slow,
owing to the want OF rolling stock to
carry the material, but now goes along
much faster since the receipt of
TIE NEW LOCOMOTIVE,
Which was built at Taunton, Mass. for
the Stockton and IoAe Valley load.
which was never built. Owing to this.
the engine was sold for charges in San
Francisco ut greatly reduced value, or
the present Company would not have
bought her. She has four driving
wheels Of "A inches diameter. and weighs
p tons. Her engines are the latest i'm
in link motion and give her
greater power than my immediate trade
will demand. The other rolling stock
is being built as rapidly as the limited
force of mechanics III town will admit.
There are few mechanics in town, but
" hat few there are, understand their
business. The Company has just let
contract to Wilson IL Son, of the Puget
Sound Foundry. for 400 chilled iron
;ar-wheels of 1870 pounds weight, for
heir new cars.
TIE PROBABLE TRAFFIC
Of the road will be mainly in carving
;oa. Nine miles more will bring the
'oad to the Renton mine, the owners of
which will be only too ready to avail
themselves of its advantages. A devia-
ion by side track to the southeast, of |
! m,le, will bring il to the Talbot shaft, |
I'so large exporter. Beyond these
gain. at u distance of twenty miles
rom Seattle is a very large bed of coal.
he samples of which show fully great
n percentage Of combustibIe principle
han any coal yet mined in the Terri
ory. The Ian, on Kxttlesnake Prairie,
which is distant about twenty~six miles
renee. are good prairie lands. beyond
which again are alder and maple bottoms,
but little expense in clearing
md we'll adapted for farming whenever
n outlet for produce is afforded.
IRON AND LIMESTONE,
Inc one SO necessary to the other.
bound at distance of thirty eight
niles from Seattle, the ore averaging
bout IS PEI cent, according to SAM
Hes. Farther on, at forty-nine miles
ence. Is an iron mountain iike the Iilot
mob OF Missouri, which shows a wall