Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1885-08-12

1875 o..-................. ...2,O36 IS
lSl9 9-.................. .I29. 81
loou ...'-.... ...-...-........-... ,2l5.S3
1881 ................ .2644l6
looz ...-....---.---...- q, Ui2 W
1883 ...s.............. ,464. 10
L6ee 4. -. ..-..... :. :. B. ~ -
ioab > .s... :. 81. ....... .e.619. 81
The Milwaukee, Lake Shore,A Western
Railroad Company il making arrange
ments to build branch about 80 miles
isng. frem Wstersmest, Mich, 10 q point
where the main line turns westward ts-
ward Ashland eass by north 20 june
tion With the Detroit, Maekinae y Mar
quette road. In connectios with the
oompany's line to Ashland and with the
existing lines 10 the eastward, this
branch would make a through line from
the eastern terminus Of the Northern
Pscias eastward 70 the Straits of Mack
inac, and toa connsction With khs roads
there. u b also rsported that shs COM
pany will assist ths Detroit, Mackinac d
Msrqnette in building its proposed Sault
Ste. Marie branch to connect with the
Canadian Pacific.
The Boston Transcript says: "Ths
stock and bonds of the Denver d Rio
Grantie Westsrn are being iooked up BY
some Boston parties, and few facts
may I've Of interest. The road runs 363
miles from the Colorado State line,
through Utah TO Salt Lske City, and
thence TO Ogden. It IL the Utah and
California connection for the Denver d
Bio Grande and fer some overland traffic
In connection With the Atohison, Topeka
a santa Fe and the Chicago, Burlington
q Quincy. It's only bonded debt 10 $l9,-
COO per mile, or &c, ,90e, 600 Ga. Three
coupons will have accrued Sept. !. 1885,
and, with these overdqe coupons 90, the
bends are selling at 431 IN New Ysfk.
TheF0 are no otnef bonded or floating
debts and no Feeelvefg certificates. The
stOek amounts 20 % .600, 100, and quoted
at III. Mr.. W. H. Bancroft Was ap-
pointed Receiver hg the U. ). Court July
y, 1884, and for the year succeeding the
krpFs earnings AmouHtea to $3.50 900,
ard the Hecsives locks for earnings the
coming year % ID, 10000 gross. The
net earnings OF the past year, some
$So0, 1000. have been spent In betterments
and improvements, including 80 new
span bridges and an iron bridge across
Green River. Mr.. Bancroft writes that
the physical coalition Of the property
10 much better than eyer before, and
that all extraordinary expenses are end
cd. The stockholders hope 10 take
possession Of their property at no dis
tant da-."
Tho suit Of this company aaainst che
Denver q Rio Grande, 30 establish the
vaIsdity Of the lease OF It's road to that
COMPANY and recover damages for the
abroGati0n of the lease, has bean decided
10 favor of the Denver & Rio 0rande
Western Co. IL h understood. however.
that An appeai frpm this decision will
be taken.
O. d. Wright has issued the following
circular TO stockholders of ths Northern
Paeife Company, which be h ssnding
q tAslm oonh hdential.y = N All parts AZ the
country, and which indicates disRffec-
tion in the Northern Pacific counsels:
The annual meeting Of the stock
Company takes place In September, and
In view Of this SneetinR enclose you q
proxy 10 be voted upon, which wsuld
be gIld 10 have you sign and return 10
me irl the enclosed envelope. The name
of Robert Harris. the efficient president
Of the cou1pAny, and my ewn name are
AU11teu& ~ t1N pNWpk ~ AttoEuUSs ~
shAs, In eHss ef ths absenee Of one, the
other can vote the proxy. Therefore it
10 safe 10 have two names. Should you
intend 10 DO present % the meeting, it
waald be quite safe for you 10 send me
yenr proxy % o could be voted In ease
yon failed n b therss while. II present,
you could vote your own stock. For the
past year the subject Of leasing the Or
eCon Railway 4 Navigation Co.'s roads
and steamboats, has been more or less
Agitated. No fnal action has Jet been
taken by the Northern Pacific board, bat
persistent efforts are being made By
many 10 have the Northern Pacific Rail-
road Company lease the Oregon Railway
4 Navigation system for lonR period
Of years. This systsm embraces large
amount invested In steamship bottoms;
therefore there 10 some doubt In the
minds Of many Of % Of oar being able
10 unAnAge sacSeeafuiiy tie Oregon Rail-
9ay q Nastesfioa enterprise On the
press,nt terms proposed. Should ths
scheme progress toward the consum
nation ef q lease, 10 will doubtless be
necessary 10 bring che sahiaet before the
stockholders for oonnrmation. ID visv
Of this emergency havs inserted In the
incissed proxy authority 10 act in the
premises In case you should NOS be pres
sns. You will understand that there
will not oaly be large amsunt Of fixed
charges 10 be paid In event Of leaas,
on the interest bearing debe Of Oregon
Railway a Navigation o.. bat q further
largo sum would have 90 be paid ON
some 90. .0C0, 900 of the stock Of the
Orss,cn RAilway q Navigation %. The
preaint terms TALKED Of ass 8 per cent.
Tor three years and 8 per cent. there
after. That 10. the amount 10 be paid
on the stock and bonds OF she Oregon
Raiiway a Nssigstion O.. viii take
preoedsuceof nos ouiY tke eomrnon bot
also ths pseterfed stock. thas rnAkine
both common and preferred stock SEQ
ondary 10 the payment Of the interest
on the Oreaoa Railway a Navigation
EOompany's seek and bondA Doe can
sien VIII ~ tskHn 10 ths prsmises.
Havina Q large iutsresi myself, pro
posa 20 give the matter my special ~.
tenslon. a. the proper time. and viii
sndaavor 20 take such action a. will
hsnslslt the interests Of the NortheFl
Paeiae Railroad o."
WAsHmarux, Apa. 4.-It % undeFssood
thns the various roads affected by Lsnd
CouImissaonsr eparks's ruling d regard
te fnlirpad indsmnity iands wili unite
In an appeal from thai decision. IL d
nat known whesher the eosa mFtstng II
sha Wa!la Mail& Land 0Hsca IN whinh
Geo. Sparks made the decision. viii b.
taksn as the test case or not, bat if !.
known that there viii Be eomhisatiea
and that the bess leeai talent syAilsAls
In tho United states will be enpl0yed
On tie sase N#f
0osp Dscovxss.-A eentEsman whS