Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1886-02-03
RAILROAD INTELLIGENCE.

The Oregon Improvements Company
has issued its new second mortgage
bonds, bearing eight per cent. interest,
with which to take mp the floating debt,
nearly all Of which is due to the Oregon
Iransoontinental.
The Rock Island, Northwestern, Mil
waukee Il st. Paul, Darlington, Wabash
and Alton, it is said. contemplate abOl-
ishinR their passenger agencies on the
Pacific coast, because Of the light east
bound business. The agents of the
trunk lines east OF Chicago are also
moving for the doing away With local
offices in San Francisco.
The Union Pacific talks OF increasing
its plant and building a large town at
Pocateilo, its junction point With the
Utah a Northern aid Oregon Short
Line. II this is done. the shops will he
moved there from Eagle Rock and Sho-
shone, and the Utah q Northern widened
10 the standard broad gage Of the Union
Pacific system.
The Northern Pacific committee hav-
ing charge Of the settlement of accounts
With the Oregon Transcontinental have
| found matters So complicated, owing TO
the Willard system of bookkeeping. that
the whole thing has been turned over TO
expert accountants.
One result Of the late meeting Of the
| Northern Pacific Directors in New York
was the indetinite postponement of the
proposed consolidation Of the Northern
Pacific and Wells, Fargo express com.
panies. The proposed arrangement was
not a consolidation in 80 many words
bat to all intents and purposes this ID
what Il would have been. The PROPOSE.
ton came from the American Express
Company. and 10 supposed 30 have orr
ginatcd With Ben smin p. Cheney. q
director in all those companies. 10 va,
for the American company, which /,
practically the same osncern As Well,
Fargo, TO assume the operation Of the
Northern Pacific express line. Mr.
Cakes. who IL president Of the Northern
Pacific Express Company, did not, how
ever, favor the movement, and proved
With facts and figures compiled for tn,
purpose, that the express line was doins
more than paying its operating expenses
and that iG sould be poor policy TO d.
away With IL now.
The Pioneer Prsss says the announce
ment that Nelson Bennett had beer
awarded the contract for building til,
Cascade tunnel created bat little surpris,
ia St. Paul. IL was generally Supposed
that either be or the Muir brother,
would be the lucky ones of the thifteet
bidders. Bennett had good advantage
over the rest, inasmueh a. be vas per
sonaliy acquainted with the work to b,
done, and. ia addition to this, had hi
outfit already on the ground. the iatteI
Was an item Of no small value, as 10 is tS
him q saving Of hundreds, and possibly
thousands Of dollars, which the other
would have 10 pay for transportation
He IL Row ouiidine the 70 mile section
between North Yakima and Eilsusburg
Mr.. Bennett has all the construction
work on the Cascade division. So faI
l53 miles of the division have beer
ironed. Fifty of these are on the vesi
end and the remaining l0S on the east
end. This brings the track on the east
end 10 IL miles beyond North Yakima
and leaves - miles 10 complete il &c
Elleesburg. Between Ellensburs and
the east end of the track on the western
ead Of the division there are IS miles 10
be built, q the other side Of the tunnel
and ~ this side. The tunnel he about
two miles in length. and, according 70
the contract let yesse rday, must BE- CON
plsted in - msaihs. In addition 80 the
main tunnel there 10 about tvo shou-
sand fee. Of tannelins 10 be done west
Of Ellenssura.