Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1884-07-20

60 the Green and Cedar River Goal
Fields.

Go the Green and Cedar River Goal
Fields.
A meeting Of the Chamber of Com
merce Was held last evening AZ the of
fee of Mr.. John Leary. Ii was under
stood that matters concerning our
threatened coal interests would be dis
cussed. and there was accordingly a
good attendance. In the absence of
President Gatzert, Vics President Col
Inns presided. Nr. Lesry was appointed
Secretary pro tenn.
Mr.. Leary stated that the object of
the meeting was to discuss means for
completing the railroad to the Cornwall
mines, and to the common point" or
point of intersection With the propose
line of the Northern Pacific. As desie-
mated by President Harris. The speaker
urged the necessity for speedy action ia
this matter, and stated that after full
consideration a plan had been arranged
whereby the work eoald, in all proba-
hili'y, be pushed forward. This plan
WAS Submitted as follows:
II is stated on good authority that
the Cornwall mine ia suffi 'icnily devei-
oped To insure an output of 400 tons per
day within twelve weeks of the opening
of n liue of railroad over which the
product could be shipped. The distance
to be graded and cut, ia order to reach
this mine, is about eight miles. Two
aud half miles beyond the Cornwall
niue Is the Mckay mine. This Is IN
dispute between the Northern Pacific
and Oregon improvement Companies,
and l. owned by one of them. A road
tn tkat would be simply coal road and
would he of no especial benefit In the
city. Our object must be, first, to reach
the Cornwall mine and secure the ship
ment through SEATTLE IF the product of
that, as we'll as of the Colin IN mine;
second. TO push forward. when nsces-
sary, to President Harris SD called
common point" in order to meet the
Cascade branch. if IL should ever be
built across the mountains The exist.
ence of such road would probably
have some weight in deterIiuy the
Northern Pacific Cospany from
pushing through its line from South
Prairie. Now the question tn tie
considered Is, that concerning the means
necessary III this enterprise. Our idea
IN that company be formed in Seattle.
tn be known, for instance, as the Seattle
Railroad and Construction Company.
and with nominal capital of 5000.
Stock IN this will be issued to those who
81 desire IN proportion 10 their subs Grip
tons tn fund of $50. %, To he raised
on the terms that freight scrip be issued
IN return for subscriptions, this scrip to
be received for transportation on 4 plan
which has been agreed upon. By this
plan, for every $1,000 due monthly for
transportation the company agrees TO
receive $40 IN scrip. With the amount
in question raised. we san 90 to Mr..
Howard aud ask him for S25 600 Of the
$4,000 offered by the Cornwall Syndi-
cate. ON condition that We complete the
grading and cutting of the road to the
Cornwall mine. Tue remaining x25. coo
can be used by Mr.. Howard in placing
the rails. constructing bridges, etc. Al
most all the material needed Is now on
the ground. As to the Mckay mine. We
have nothing To offer, and the company
can extend the line Sd as TO haul Its
product whenever 10 feels able. The
cost of this construction has been yari-
rusly estimated. bat will not exceed
$4,000. We will then have the reaain.
der of our $4,000 to pat mo the line
to the common point" which will be
ten miles beyond on Green river. The
remainder of the amount necessary for
this line can be raised by an assessment
on the stock OF the Construction Com
psny. By this paan We will know ex
actly where our money goes. IL will he
expended under our own supervision 10
the construction Of road of which a
portion will selsn2 absolutely to us. II
will not be bliSdiy Swing the $1,000
to corporation which NAV expend IL
on that line or in any other manner
that caprice may dictate. Dir Howard
approves of this plan substantially as
IL Is stated.
When MIR. Leary had concluded. a
general Interchange of views took place.
The necessity for prompt action was
admitted, and general approval Of Mr..
Leary's plan was expressed. Ga mo.
ton of Captain Hill COMMITTEES WAS
appointed To confer with Mr. Howard
aud 10 draw mp such contract rs may
be necessary. Messrs Leary. Hun and
kiunear we're ap ointed. Ii Vas stated
that the prospect of raising all toe
funds necessary VAS excellent, and there
Is little doubt tkat the subscription list
will be filled within a short time.
After transtctin1 other business Of
little importance the Chamber ad-
iourned.