Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1884-07-23

CHAMBER OF COMMERCE.
Mr.. Howard's Proposition Approved,
and Committees Appointed 10 MAKE
Arrangements.
The Chamber of Commerce met in
special session at its rooms in the Yes
Ter Leary block yesterday evening.
President Gatzert called the meeting to
order, and stated that the object of the
meeting was to consider what arrange
ments could be made for the extension
of the partially completed railroad to
the Colman, Cornwall and Franklin
mines.
Mr.. Leary, from the committee APP
pointed on Saturday evening to confer
with Mr.. Howard, reported. recon-
mendina the plan previously submitted
by him to the Chamber. He urged his
plan in a powerful speech, giving a
clear view of the situation as 1t stands,
looking backward over the achieve
ments of the past, and summing up the
advantages to accrue to Seattle from
the adoption of this plan, to which,
however, he stated that Mr.. Howard
had offered serious objections.
Mr.. kinuear, from the committee,
made an adverse report, recommending
the acceptance of Mr.. Towards former
propOsitien-i. e., that the citizens of
Seattle loan to the Oregon Improve
ment Company a sum not exceeding
100000, to be paid, one quarter on the
LIST Of August and another quarter on
the first of each succeeding month until
the whole be paid. The company
guarantees that the road will be COM
pleted by December LIST. The money,
as soon as paid in, will be deposited in
the bank of Dexter Horton d Co.. and
drawn out only as needed to pay for
work done on the road, in return for
subscriptions, scrip to be issued which
shall bear interest at the rate of six per-
cent. and which shall be received in
payment of all debts due the company,
provided that not more than fifty per
cent of any one account be settled by
the payment Of scrip. Mr.. Kinnear
went on to say that the one practical
question was whether or not the road
was to be built. Mr.. Howard had posi-
lively refused to enter into any arrange
ment with a construction company.
The only thing to be done was to aid
Mr.. Howard, and he was in favor of |
this course. In recent trip over the |
road he had been surprised at the vast |
quantity of material accumulated. |
This was ready for use, and the scheme |
was not visionary one. The citizens |
would have to come to MIR. Towards |
tera 8, and another company csuid be |
formed for the construction of the |
road to the common point" at the |
proper time.
Captain G. d. Hill. the third member
of the committee, endorsed the views of |
Mr.. kinnear.
Gov. Ferry then urged the acceptance |
of Mr.. Howari's proposition. He stated |
the difference between Mr.. Howard's |
and Mr.. Leary's scheme, and |
argued at some length In favor of tue |
former. He stated that Mr.. Howard |
had no objection TO the formation of n |
company, and that he |
would In all probability award to such |
ii company the contract for building |
the road that in fact he was anxious
that the contract should be let to Seat
tie parties, and that in all probability |
he would be willing to enter on such a |
contrast before tine arrangements should |
be finally completed. He urged the ben |
eft which Seattle would derive from the |
of the Frsnklia mine. and |
closed by saying, stats In behalf of
Mr.. Howard that he hopes that def
mite conclusion will be arrived mt to-
night, and unless this is done by to-
morrow morning. negotiations are over
L. l. -. l.
mean this as a threat. but he wished nae
to say it to you in all kindness"
There then ensued q long informal
discussion participated in by Messrs.
Leary, Minor, Jacobs, Scott. Halter,
mainly touched on we're regarding the
security that the money advanced would
be used in the construction of the road,
the condition of the Oregon Improve.
ment Company and the mortgages on
its property, and the means for raising
the amount of money necessary.
Mr.. Kinnear finally brought the mat
ter to a focus by moving ito recon-
mend the acceptance of Mr.. Hovard's
proposition substantially, and that q
solicit subscriptions, and also that
ed to make conditions as TO the secu-
rity."
This was carried by large majority.
and Messrs. kinnear. ID. T. Denny and
Yesler were appointed on the first. and
Messrs. Hanfsrd. Burke and Jacobs on
the second committee. On motions sub
sequentfv made, Amos Brown was added
to the subscription committee and Mr..
Halter to the committee of lawyers.
The meeting then adjourned until this
evening.
The lawyers committee will meet Mr..
Howard this morning. and they hope to
be able TO make q report at the meeting
in the evening. In case everything 10
satisfactorily arranged. the subscrip
ton committee will 60 to work at once.
probably tomorrow. IL 10 understood
that one subscription Of $1,000 has
been promised a. a starter. and there
is little difficulty apprehended in rails
Ing the amount required. Last nights
meeting vas characterized by a quie,
discrimination and earnestness in the
matter that aueurs well for the futare
of Seattle. ALI present were thoroughly
imbued With the belief that something
must be done and done now in order 10
secure for Seattle the coal fields which
are naturally dependent upon her. The
old Seattle spirit was manifest. and the
prospect Of speedy connection with the
rich coal fields in question looks brighter
today than al any time since the down
fall Of Willard.