Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1884-08-30

1 LN Aofk liHe3- n ug. Is.
pamphlet has been issued by the
olsRon Improvement Co'upanv, giving
detailed account of the condition of
.n1t company for the beneft of its
s.ocknolders- The different properties
1nico are owned and managed by the
OrrRon improvement COMPANY are d.
vId.d into three classes. As fsIlov.
Ane steamship property, the coal urcp.
critics, and the issd and mis.elIaneons
properties. The steamship property ia
managed under the organic ,tuon of the
Facific Coast Steamship Company, tbe
GOAL properties are managed through
Two proprietary corporations, besides
departments which are handled entirely
oy the Oregon ImprOvr m-nt Company.
ine coal properties comprise the New
castle group, the Green River group and
tne "ilkeson group. The Pacific Coast
Steamship Company operates i've routes
the Alaska, the Pag,t S-uud, Oregon,
california Northern and California
southern.
Tue Alaska route is comparatively
new, and the service Is performed by
one wooden vessel ste ,mer leaves
Portland, Or, monthly and Connects at
Fort Townsend with one OF the steamers
from San Francisco, and thence pro-
ceeds northward, passing east Of Van
couver Island. and. By a route which is
largely an inland Que, goes to Fort
WranRrl. eitk4 and Juneau. The chan-
nels, It is said. are not very we'll known,
and tue principal dangers on the rou
are from rocks rather taaa bad weather.
lbs gross earnings of this route for
1883 we're $l25,351.74, and the operating
EXPENSES $l24 32S.6U, ieavisg the net
earnings xl634 IL.
10 10 stated IN the pamphlet that the |
sale OF the company's agricultural lands |
TO the Oregon Railway d Navigation |
Csmpany reduced the floating debt |
about $4,000, the number Of acres
sold being about $4,000, at "a per acre.
Fns OreRoa Improvement Company in |
vested about S2aD, 900 In the Cedar River |
extension OF the Columbia d Paget |
lntcnded 20 be built about 20 miles from |
Renton Junstien to the Green River
Goal district, and was prujected after |
tbe company had arranged to become
the owner of 5000 acres of coal lands,
under the agreement made with tn. |
North IN Pacific Railroad Company,
through Henry Willard then Its pr-sl-
dent, 10 purchase the sad lands at the
Government price of SO an acre. Ga
the strength OF this agreement the Im-
provement Company expended some
xIi,UOO IN explorations, surveys, and In
opening a mine, IN addition to tue
*z2l,OOO before alluded 10. The pres
eiit m .nagemsnt of the Northern Pa
cinc Railroad Company has declined TO
recognizes the agreement between Mr..
Willard and the improvement CJmpany,
and up TO the present time NO settle
ment o. the difficulty has been made.
rne officers OF the improvement Com
p&ny have ihtimatsd that as the amount
Mr.. Willard agreed to sail (30.oU0 acres)
Was probably more than tile Company
would require for Its use for soms years
to come, they would b, willing to con-
slider tue acceptance of 5uO0 or 6UOO
acres, ami II 10 expected tnat tuere VIII
DO n settlement on that basis.
President Elijah Smith says in sup.
plcpent 70 the pamphlet: "io complete
the Cedar river branch, and to settle
with the Oregon and Transcoutineutal
Company, which has also spent consid.
erabie money on this extension; to pur-
chase the coal lands which it Is expected
can b. secured, and to open them suf
fioiently TO commence shipments of
coal, will involve an expenditure of
about 5000 0O0, which with the floating
dent menu med in the financial state
ment of $78y QUO, should be provided to
put tue 90 .Bpany on safe basis. and IL |
10 h0pei thas at an early day the IN At
ters referred TO can be adjusted aud a
scheme for funding the debt and pro.
vidiRR the additional amount needsd |
eau be presented to the stockholders |
which they will be wllliag to adopt"