Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1884-06-27
the ORIGINAL s,ss. .ose lcesrRAcr.
The full text Of the contract entered
into one year ago by our people with
Henry Willard is stated in the following:

into one year ago by our people with
Henry Willard is stated in the following:
Whereas, certain property owners of
Seattle and vicinity have subscribed va
rious sums to a subscription list, the
terms and conditions of which are set
forth as follows, to-wit:
Whereas, We, the undersigned, prop
erty owners of Seattle and vicinity, are
desirous OF securing the construction Of
a standard gage railroad from the city
Of Seattle by way Of Renton up the val
ley of Cedar River to the Green River
coal fields, and to connect with tho Cas-
cade division of the Northern Pacific
Railroad; and whereas, We are desirous
of securing the shipment Of said coal
over said railroad 10 Seattle; nd
whereas, on the Goth day of April. 1888,
certain citizens of Seattle aud vicinity
proposed to Heury Willard to give to
him or to any company to be designat
ed by him, a subsidy of $4,000 on con.
dition that he or such company should
build the above described railroad with
ia reasonable time; said sum 10 be
payable when said road shall Ne com
pleted and In operation to a point nj
least twenty Ave miles from Renton
eastward mp the Cedar River Valley; aud
whereas, 81 i'd proposition was assented
to by said Willard; and whereas. he has
designated A. A. Denny and Bailey Cat
zort as trustees to receive said subsidy
and pay the same 10 said company when
said road shall be completed and In op-
Grafton TO said point, now, We, the un-
dersigned, agree TO pay 10 said A. A..
Denny and Bailey Gatzert, N trustees
as aforesaid. the sums set opposite our
respective names upon the following
terms and conditions. to wit:
First-That said sums shall be paid
by us to said trustees as soon as there
shall be completed aud in operation q
standard gage railroad from Seattle, by
way of Renton. up the Cedar River Val
ley TO said Green River COAL fields, at
least 20 miles above Renton.
Second-That the construction of 20
miles of railroad from Rsnton east
ward. mp said Cedar River Valley, shall
be commenced on or before the 20th
day of July, 1888. and shall be COMPILE
ted ON or before May l, 1884 and that
there shall be direct connection, by
standard gage railroad, by way Of Rem
ton and Cedar River Valley, between
Seattle and Green River coal fields, on
or before MAY I, 1854.
Third--rhat all the coal production
OF said coal fields, controlled by said
company, and shipped to Puget sound,
shall be shipped over said road TO Seat
tie.
Fourth-That IL is distinctly and ex-
pressly understood that said railroad
up Cedar River Valley sh III be contin
usd by said company TO a junction with
the Cascade divisioa OF the Northern
Pacific Railroad, and form q complete
connection with said division, said con
nection 20 oe made as soon as said
division shall be built To point nearest
10 the end of said Cedar River Valley
road.
Fifth-And IL IL further understood
that in ease the amount subscribed
hereto and collected by said trustees
shall exceed $l50. 600. the said trustees,
after having paid TO said company the
sum Of $i50.000, shall return TO said
subscribers. in proportion ~ each ooe's
subscription, the excess remaining In
the trustees hands; and whereas. ths
said sun Of $i50.0o0 has been Subscribed
upon the terms aud conditions afore-
said.
Now, in consideration Of the said
trustees, A. A. Dsuny and Bailey Sat.
xert, guaranteeing 10 the satisfaction ol
che beneficiary in said subscription, the
collection and payment Of said suoscrip
ton Of $i50,00O. upon the terms afore'
said, we, the undersigned Subscribers v
the said original subscription, do hereb,
engage and pledge ourselves 10 said
trustees, each in proportion 10 ths
amount of bis original subscription q
the fund aforesaid. TO the collection
from said subscribers and payment q
said trustees OF the said sum Of tl5o, loo
according 20 the terms Of said subscrip
ton, the said trustees alss bearing theil
pro rata share Of this guarantees.