Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1882-09-29
AN INTERVIEW.
now OR GREAr YuTURE - 70 BE
AS6CRED.

now Or GREAT FUTURE - - De
AssURED.
what Mr. Leary and HIS Associates Ae.
eemplished Tor seattle Whiie
II San Gsaneisee.
APosT- -INrKLLroKScKR reporter waited
on John Leary, Esq. yesterday After
noon, and requested su interview re-
garding the doings of himself and as
sociates relative to Seattle during their
recent visit TO San Francisco.
ASK questions, and will answer
them," replied Mr.. Leary. and the re-
porter started in a. follows:
Reporter Is the business out
look in San Francisco?
Mr.. Leary-Business was never better,
as reported by merchants. Immense
shipments of merchandise are being
made to Oregon and Washington Ter
ritory. The Pacific Coast Steamship
CompaDy's ships, both to Puget Sound
and the Columbia River, refuse large
quantities of freight, each ship being
loaded TO its fullest capacity. Sailing
vessels were also chartered in San Fran
Disco freighted with merchandise for
Puget Sound. The bark Henry Buck Is
nov taking ON 1000 tons for Seattle.
The merchants are somewhat anxious
az to the effect of the Northern Pacific
Railroad and Oregon short line ON the
| L. A~ ThAv Hoar hat 4
dry goods, boots and shoes, and general
mo chandise TO a great extent will be
imported direct from the East, and
that without great effort on the part o'
their capitalists in building up manu-
factures they will lose large portion OF
the trade. They hold, ho1ever. that
the principal exports Of Puget Sound,
including lumber, coal and iron, To-
gether with ship building, will be con-
trolled by San Francisco, IN ~ much a.
this business is now being done with
San Francisco capital.
| Portland, on the Willamette, is bat
seldom mentioned. All agree that the
bar st the mouth Of the Columbia will
prevent tho building Of any great city
| In Oregon, but they feel confident thai
somewhere ON Puget Sound city viii
spring up that will be equal in import
ance to San Francisco, aud whore will
center the great trade of the interior, ri
we'll as large portion of that FROM
China and Japan. Seattle has theil
confidence, scarcely any other town On
| the Sound being mentioned.
Tho California Mining Bureau Il
anxious for specimens Of eur coal. iror
and other minerals, AZ great inquiry II
made at tho Bureau for Washington
| II rritory specimens. Prof. Hanks Oderl
| tO anaiyze such specimens a. may be
sent him, and place thcm on exhibition
at the Bureau, and pay all charges. He
| prOnounces our Snoqualmie iron ore ~
| the finest magnetic ore yet presented tO
him, and the copper Of unsurpassed
richness. One Of tho principal capital
lists of San Francisco, in conversation
with me, expressed his unbOunded faith
| in the vast material resources Of this
Territory, and stated that, with the
present lines of railroad now b,ing
pushed forward, and with the immi-
grafton that must consequently follow,
Washington Territory will bec0no a
State equal, il not superior, to any on
the northwest coast; that the 8OO,O
tons of shipping now being used for the
exports of Puget Sound being more than
double the tonnage used ON the COlum-
bla River for the entire exports of East
ern Washington and Oregon, indicates
fOrcibly the grand future when the vast
resources Of the Territory immediately
bordering on Puget Sound will become
developed. All agree, however, that Sc
attic has before it great commercial
future.
Reporter-Is there any truth in the
current report that a First National
Bank il to be established in Scatter
MIR. Leary-Yes; tho First National
Bank of Seattle has been duly organ
lied, with capital Of el5O, 600, and the
organization is already accepted by the
department at Washington.
keporter-Have you any objections to
stating who the incorporators and Off
GERS are?
Leary-No. The incorporators are
w. S. Ladd Of Ladd & Tilton, Port
land; the Anglo California Bank of San
Francisco; q. L. Dingley of San Fran
cisco; H. l.. Yesler, George w. Harris,
j. r. Lewis, w. /. Wadleigh and John
Leary of Seattle. The organization af-
terward elected George w. Harris Pres
ident and w. l. Wadleigh Cashier. The
notes are now being engraved at the
National bureau at Washington, and
will be ready for issue in about forty
days. The business of the bank will be
carried on at the present banking
house of Geo. w. Harris i Co. until the
completion Of the building now being
erected by Mr.. Yesler and myself ON the
corner Of Front and Mill streets, where
the business of the now bank will then
be conducted.
Reporter-What success attended your
negotiations respecting the Seattle,
Walla Walla and Baker City RailroadS I
Leary-I'hat was a part Of our busi-
ness down to the city. Mr.. Yesler, DR..
Bagley and myself had several inter
views with Mr.. p. b. Cornwall, and
finally with Mr.. D. O. Mills, at his pri-
vate Office on California street, where
was finally concluded an arrangement by
which, should We grade and tie forty
miles Of the road, running from the
city front south Of Stetson & Post,s
mill, via Lake Washington and Renton,
up to and through the bituminous coal
regions, making Rattlesnake Prairie the
objective point (beinR the route lately
surveyed by Chief Engineer Scurryl.
that they would agree on their part 20
give US the transportation Of the pro-
ducts Of their coal mines, lying between
Green and Cedar Rivers, (estimated at
not leas than 500 tons par day within
twelve months,) and allow % two ceute
per ton per mile for transportation,
with liberal rates for up freiRhts, and
take our first mortgage bonds on the
line to sufficient amount for the pur-
chase Of steel rails, locomotives, pesseu-
ger and freight cars, and all other ex-
penses for the full equipment aud com
pletion Of the road for its required
freiRhtin9 capacity; the bonds to draw
six per cent. interest.
Reporter What other freight do you
expect to secure for your road beside the
product Of the Black Diamond mines?
Lsary-The road. running BY way Of
Lake Warrington, takes in several
miles Of the shore line Of the lake, and
places within our reach five hundred
million fest Of the bent ar, cedar and
cottonwood timber in the country.
These timber lands, owing to the ex-
peuse Of driving in the Black and Do
wAmiah ksvers, aIo not now accessible
. the lORRsrs and manufacturer Of
Puget Sound. Savmilla viil r. ereex.S