Northwest enterprise. [volume] (Anacortes, Wash. Ter.) 1882-1887, 1883-02-24
RAILWAY d NAVIGATION NEWS.
Two new steel steamers are buildiu
or saryica IN tho Sound


or service on the Sound.
The wreck of the steamship Tacoma
was sold to Mr.. Steinburger for $500.
Eleven ships took 100000 feet of lum-
Der, valued Mt S83,543, from Puget Sound
sawmlls to foreign ports IN January.
Among new stocks listed on the New
York Stock Exchange last month were
$50, 600 Canadian Pacific. and sc 1000,
coo Oregon & TranscontiLental bonds of
1882, bearing per cent. interest, to run
for forty years, secured upon branch lines
built for the Northern Pacific. Also a
large lot of bonds 8 per cent. interest, OF
the Puget Sound Shore Line, from Taco
ma TO Seattle.
Mr.. Clark, chief of location of tue Ore
gon Short Line, lett this city today to 60,
via Union, Oregon, to the locating party
coming down Snake River and learn
their progress, and if possible hasten the
work. Moscrit's party have advanced up
Snake River from this point to point
lust above the mouth of the Grandc
Ronde River, and are progressing finely.
If no accident befall them tho two parties
will meet on or before the 1st of March
next, and the location will be complete
Lewiston Teller.
At Palouse Junction on the Northern
Pacific Railroad there are about 600 900
ties and about 35 miles of rails ready for
the tracklaying force. The grade is COM
pleted tor a distance of over so miles.
The indications now are that this load,
which will drain an area Of over 100
miles of fine agricultural land, will be
finished within year. 1t is known
among engineers and railsot d m en- as the
"hafmoon road" il being built in almost
semi-circle, having its southern termi-
nus at or near Colfax.
Semi>oflicial ahvices from Boston say
the earnings of the Union Pacific for 1882
will not differ much from those tor the
year ending june 1, 1885,. Reports show
the main line earnings to be SEA ,009, 1877,
and gross earnings OF $50, 024, 1884 with
the income from the land department and
from branch limo Investments. The sur
plus reported will be raised for the year
by $3,701,0 40, which is equivalent to
about per cent. upon the entire capital,
giving with a Z per cent. dividend paid
annual earnings of 10 per cent. upon the
capital stock. Jay Gould is reported get
ting back much of the stock sold by him
at lis, with view to retaining control
OF the company. Dillon will probably
continue as President.
Capt. Tom Wright is pushing repairs
on the Eliza Anderson as rapidly as pos
sible, and expects to have her ready for
usiness by the list OF May. A careful
examination has been made and all the
decayed planks and tmbers have been
tsken cut and replaced by sound ones.
The machinery has all been taken apart
and put in good repair, under the super
vision OF skillful engineer and machin
list. The old boilers, built in 1870, are
found sound and good, though not large
enough. Capt. Wright has new boilers
building in San Francisco, but fearing
they may not arrive IN time. is having the
old ones made ready for use. Captain
Wright intends To run the Anderson on
the route from Olympia to Alaska. and is
fitting her up for that especial service.
Recently prominent gentlemen inter.
ested in the proposed railroad from Pu>
get Sound down the Chehalis Valley to
Gray's Harbor met at stellacoom. The
object OF the meeting was to ascertain
what aid could be given the road, and to
consider other points as to the construc
ton. The company was before organ
lied on capital basis of $4,000 900 divi-
ded into 100000 shares OF $50 each.
Gov. Newell was elected President, and
]. N. Kalloch Secretary. The Board of
directors is composed of several substan.
tial citizens. At the meeting recently
held in Steilacoom it was decided to ap-
point committee Of five persons, Capt.
John Salter being the chairman, to solicit
donations of material, labor and real es-
tate, for right of way, etc: The PROPOSE
ton has already been submitted to many
real estate owners in Steilacoom, and has
been supported by them, and also by sew
eral gentlemen residing In this city who
own lands in Steilacoom and vicinity
As there is an intention on the part of the
road to tap the Northern Pacific at Lake
View it is receiving strong support. Ia
coma Ledger.
| LOGGING AT LOWELL. 1.-The first log
ging on 6nohomish River was done at
Lowell by e. ID. Smith in 1868. He has