The daily intelligencer. [volume] (Seattle, Wash. Territory [i.e. Wash.]) 1876-1881, 1880-11-28
SEATTLE'S FUTURE
ASSURED!
The Seattle and Walla ala
Railroad to be built!
S. 900, 900 Cash on hand
to do the work!
Construction across the Mountains
to commence in the spring, and
100000 to be expended at
THE ISrELLIGESCER FTRsT TO PROCLAIM
TUE Glad TIDfN0s.

THE ISTELLIGESCER FIRST TO PROCLAIM
TUE Glad TIDfH0s
"Wh.t does il mean?" What DOES
the organization Of the Colum biA snd
Puget Sound Railroad Company sig
nify9" and similar questions we're asked
more than . thousand times by our
citizens yesterday; bat NO one seemed
to be sbls TO answer the sll-,uportant
question satisfactorily. Messrs. Denny,
Gatzert and Ronains. the three resi-
dent directors OF the new Comp ny bad
NOT returned. and everyose kas com
PEELED TO suruise for himself what che
outcome would be. In order to ascer-
tain the real facts and the intentions Of
the new Company. an ISrELLIeENoER
reporter met Messrs. Denny and Cat
zert last evening. on their arrival from
Portland. and propounded the above
questions to them and received the
following answer: The organization of
the Columbia and Puget Sound Rail-
road Company simply means the early
COMMENCEMENT and speedy completion
of " line Of railroad and telegraph from
Seattle to Walls Wslla. and it signifies
that IS OOO. 900 of cash has already
been secured to do that work and much
more.
Later in tbs evening our reporter
called at the residence of Mr. Gstzsrt,
aud from that gentleman received the
following statement OF facts in regard
to this project: On receiving the report
OF Gen T II TAnnatt. Mr. Wizards spe-
ciAl agent..s company was formed
called tbs Oregon Improvement Com
pany, heavily backed by Eastern capt
tai. aud now into that oiganizsnon
merges the seattle coal road: also q
major portion Of stock OF the Seattle
Coal b TrAnsportation Company. in.
GLIDING the Newcastle mines aud the
greater portion Of the ships. the colliers
now building in Pennsylvania l46, 900
acres Of land east OF the mountains. the
rolling stock. property and franchises
Of the Seattle aud Walls Walla Rail-
road Company. etc. On the above
property the sum Of five million dollars
has been raised. and is now on hand to
pay for the same. The surplus. which
will be . vast sum. will bs used in the
building Of the road from Seattle to
Walls Walla, and branches to the Cedar
river and Carbon river coal mines. A
branch will also be built from Seattle
TO Wilkeson. To connect with the North
esn Pacific. in order to have direct
rsiiroad comprehension with Portland.
Oregon. Tae Columbia 8 Puget Sound
Railroad Company is organized as an
important auxiliary or assistant of the
big Company mentioned above. and
will Ia . fey months probably be
merged into Is. s.tt.4
Work will be commenced at once.
and sixty thousand dollars will be OK.
pended immediately on the prssen.
road. Arrangements vii. be perfected
to put 4 heavy force Of men In the
field early in the spring. Although
not quarter Of . dollar dividend has
yet been declared on any of the new
Cempany's property. their 800 bonds
are now readily ceiling in New York
for $3.50. .
Yesterday the directors of the Co
lumbia and Puget Sound Railroad Com
pany met 1t Kalama. adopted by laws
and completed their o~..an,zation by
the election of the fol s~ing officers
President. T. +. Cakes, v.c. President
J.N. Dolph; Secretary. Jas. Simon;
Assistant Seorel>ry "a Treasurer. R
Romano; resident Directors in Seattle
b. Gatzsrt. A. A. Denny aud r. Ro-
maine. The gsutismen eomprising thin
Company are dssirous Of having the
mineral resources II the country devei
oped. and win take part in develop
ing thesa.
No such good ness ~ The above svel
greeted the ears Of Seattle people Be
fore. and on this bright Ssnday m m
ing the ISrEfIIoxscns congrAtalatel
them heartily on The cheering prospects,
Lshssd. From this day TIE future o.
Seattle is assured. Our prediction Il
that in less than Ave years this litti'
city will coatain With b. : borders
population Of over 80. 600 people.
i vRaY PnoPkaIw .D0Ne.