The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1888-05-17
eousnAav

When one stops 10 consider the
quiet origin VI what has now grown to
lie fine railway system, he cannot
fail TO be surprised at the rapid pro-
gress this railroad company has made
let Us take brief glimpse back over
the past. About three years ago a
gentleman came here from New York
city.
A COMPARATIVE STRANGER,
Who. from the first. impressed those
with whom he came in eontac, that
he was a man OF more than ordinary
ability and sound judgment. He at
once addressed himself TO investiga-
ton of the resources OF Washington
Territory. and It's character a. q field
for railroad development. In won
slerfuliy short time he acquired II
thorough, accurate and comprehensive
knowledge OF the situation, aud
promptly conceived the project which
subsequently developed into the Seat
tie, Lake shore & Eastern railway en-
terprise. He found the country ready
for the road. he brought in his head
the brains To build 1t. hut there was
still lacking the important item of
capital, and when one considers the
situation. being 300 miles from the
eentcrs where capital must be OBJ
tanned. II az all, the task before him
was formidable one.
Nothing daunted for his courage
and resolution were equal to the stu.
alton. lie went 10 Wall street, and
by plain and truthful statement OF
THE SIMPLE FACTS
OF the situation here In Washington
Territory he 50 impressed those with
whom he was negotiating. both with
his ability and the advantages OF his
project, that he in a short time raised
$ypb.UG 10 begin the great work. Frum
that hour the success OF the enterprise
was assured. although from that time
on il was destined to meet and did
meet with every form OF malignant OPP
position. IL was lied about shame
FULLY NJ both ends II the continent,
and rival corporations, ar those soon
tn become rivals. did all In their pow
or to cripple and discourage the enter
prise. But the enemies Of the Seattle,
Lake Shore & Eastern Railway reck-
oncd without their host. they under
rated the man they had 10 deal with,
for
DANIEL H. cfiNs>
Had already shown himself 10 be the
peer OF the best amongst them as a
financier and a railroad man. He
chose the territory for his railroad
well. lie satisfied himself before he
started that il was rich In every var
icty Of natural resources beyond what
even the most sanguine had dreamed
of. Having once become satisfied OF
this he knew Of course that no man or
institution that put money into the
enterprise could POSSIBLY lose a dollar
hat on the contrary the investment
would become one of the most profit.
able in the country. Thus armed and
equipped he went with confidence To
the men who had money, conscious
that he had an enterprise that would
richly reward them for their invest
ments.
PRESENT STATUS or THE TRACK.
Ii Is nov only IS months since the
first shovel of earth was thrown on
this new railroad, and today ST miles
af the road II in operation. Included
In this mileage Il costly and s,ihstaN-
tiai trestle work along the city front OF
Seattle over three miles in length. The
franchise the company has in Seattle
is OF great and increasing value. In
deed when this becomes iranseontsn-
entail road. thing that Is now certain.
IL would he difficult t. estimate the
value oi this franchise. These ter
minai facilities In Seattle are so excel
len. and extensive that they wopid
actually suffice for tine transeontin-
entail roads.
The mileage already completed and
in operation viii he earning hsfore the
wear Is cat enough money ~ pay the
interest on the bond for 10 miles cs
road. and this above all other expenses
rScIpENrNL rR,FryC-
The coslieries at the Gilman end q;
the first division. promise 10 he the
largest and most extensive on the Ia
cjlie coast. and il il calculated by those
in rAe~ision ~ know that within 1--WE
months the output. from the mine
ALREADY epenei viii reach i.sf tons
tser dav. and this output next yea'
viii reach doaile that amount.
The transportation oi humber and
l,ssy~ on the lire of the road already
,~,nplessd has assumed large pToi'as,
paas. and oaiy jus; begun. \ eafei ~
estimate ~ the net pruceeis from the
hauling of logs and iismhes on the ars'
~eventy-five usiics ri THE rosd shows
that that traffic alone waald pay run
ming expenses. Interest ss7 TIE nfl'i'
aud A handsome dividend Nn the sise' s
s,fr that <sz-s 90 ~ Ehe ua8st The al
GeuitV - saT haS been "a Pgss'azr reii-
ing stock Co carry the freight IA an
~Ner to She rapidly Increasing DC
MAIDS 81 tTtsflc Oar tecd si4cps an
running aight aul day % suqfNy ihs
demand. hit ~5thoat avail. Arsi the
nanasuHaeut was compelled e. tcie'
graph to tie Elss en Monday ier u
Ssts ns shneas ssiiaaie Ios lassS az
trucks
SUE NJ. CeNzEAcT.
Ia sgcakiag Of the iesaias e 'Ae con
tsaes GA tie insin lne, enc & 'hs