Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1884-09-18


tie Cascade mountains and Puget
Sound the veins are thick, and every
| thins indicates that there is an immense
| deposit of coal in this district. In such
a country IL must be many years before
the extent of the coal deposit is acca-
rately understood, and II will be out of
the question for any one coal company
to secure monopoly of the whole"
The c. & p. 5. Z. K. Co. owns the
coal wharf and bunkers at seattle and
the two adjoining wharves City and
Osean Docks, a small machine shop, a
savmill and sash factory. It's real
estate in Seattle, exclusive of coal wharf
and tide fatS, IL valnsd at $400, 900, of
which $4,000 would represent the City
and Ocean warehouses and vharves.
Seattle" says Mr. Smith. lis the most
active and enterprising town on the Pa
cite Coast, excepting only San Fran
cisco" The water front extension
along the wharves in front Of the city
Is built under the charter of the Colam-
bia Il Paget Sound Railroad Company.
This company also rebuilt the 10 miles
between Seattle and Black River June
ton under an agreement with the Puget
Sound Shore Railroad Company as a
standard gage. Under the terms OF the
contract this new line is practically the
joint property Of both companies. II
is provided thereiR that the narrow gage
Of the former company shall be laid in
side the standard track, and both com.
panies unite to pay the cost OF main
tanning the roadbed. The earnings OF
the Columbia 4 Puget Sound Railroad
last year we're s2o4 4l5.3l, of whict
$40 s3 80 were earned by the railroad
proper. OF these earnings sll2. $50. Al
was for carrying coal. The operating
expenses were $50. 1854; construction
account, 81, 26l ~; net profits. 49,
6S3.s7.
The Oregon Improvement Company,
a year and half ago, owned four steam
golfers. One Of these, the Mississippi,
was burned at the bunkers in Seattle.
The Umatilla has been sunk, raised and
will shortly sail from Victoria to San
Francisco. The Willamette and Wal!a
waila, Mr.. Smith says, ARE both ex-
oelIeRt steamers, but not we'll adapted
TO the purposes for which they are used
Il takes too long to load them and cost q
too much 10 run them. The collieIs
earned last yeer $456, 3s9.43, of which
$302, 274.50 we're from coal and the bal
ance from general freight, passengers,
and payment received from the Z. G.
h. Co. and o. r.. d N. Co. in considera-
ton of not doing general business. The
actual earnings were $4l3, S50.S7: ex-
penses $348, O65.47; loss on Mississippi
not covered by insurance, S53, $3.50,
leaving a net profit of $l2,422.l0.
The Beale street wharf in San Fran
CISCO earned net sum Of 81 ,934.55. The
total net earnings of the coal properties,
including railroad, wharves and golfers,
| anu CACiuHtbt VI AuO ODdA PAo4NNkt uAN
given at i4,726.l5. This does not in
GLIDE the profits of the steamship
wharves at this city nor the pool pay
ment To the colliers. The profits on
sales of coal for the last year were
$50, 54s.63, of which So, were
from dealings in foreign coal. The
GOLFERS received So. 53S 81 from the 50
called Puget Sound pool before refer
red to.
| The o. /. Company also owns all the
stock of the Pacific Coast Railway, a
narrow gage railroad running east from
Port Hartford into the wheat belt OF
Southern California. This road earned
S77, l60 net last year, and it is expected
that 1t will haul $1,000 tons of grain to
the wharves at Port Hartford this year
Ii is a valuable feeder TO the California
southern coast route. The lands in
Eastern Washington formerly owned by
the D. |. Co have been sold to the o X
Il N. Co.; and the property of the o. l.
| Go. is now wholly in coal mines, rail
roads, steamships and their accessories
and adjunc's. 1t will be noted, as pre-
missed in beginning this article, that a
large, very valuable, and prospeo.ively
the most remunerative portion of thu
property of the o. |. Co. is located near
Seattle. and that its interests are thus
directly and intimately connected there
with. In this county are its mines, here
are its railroads, wharves. coal bunkers:
here its colliers load. here will the out
put of its best mines, and that of Others
contiguous. cone to the seaboard for
transhipment. In its prosperity our
citizens are deeply interested.