, 1888-11-29

|
have $50 900 more to our credit than we
are credited with
am in favor OF the Monroe atreet
BRIDGE continued Mr.. Waters. 'becanse
1T viii be benefit aud Improvement to the
city; 4 have shown that we will not ex-
ceed our Indebtedness by issuing bonds
for $4,000 toward building the same. We
must have bridge across Monroe street
sooner or later, and we might as well have
1t nov when the city can get s45,OOO
structure for SIS 1000"
1T Ia nonsense TO talk about exceeding
our Indebtedness. II il came TO pus6
we could bond our assessment, Amounting
to per cent. An act Of congress gives us
thatrig The county assessme ut N cunts
70 $3l1l 900, and the city assessment To
$3, 600, 900. At per cent that would give
us $l26,0 900 on the county and Sl44 600 on
the city assessment. But it will not be
necessary TO issue assessment bonds. We
can contribute $4,000 for a bridge and
our our assets will still exceed our liabilities
President Mcdonald, of the Seattle.
Lake Shore and Eastern Railroad; Paul +.
Mohr. chief engineer OF that company, and
Hon. A. NJ. Cannon of this city were in
ter viewed in Portland regarding the rum
or that the Northern Pacific were trying
to secure control Of the Seattle and East
ern road. This rumor was published In
the Oregonian's Seattle correspondence of
Wednesday, simply as a rumor, and some
speculation was indulged in by the cores
pondent as to the probable effect such a
| consolidation would have upon the future
growth and prosperity Of Seattle.
There is no truth whatever in the re-
port, said President Mcdonald. 'ln
fact. we had not even heard Of the rumor
until it was published in the Oregonian.
Tha 10 o.. =
being built by the people of Spokane
Falls, Seattle and other places who wish to
have the benefit OF competing line and
be freed from a monopoly. The road is
not for sale, and its control will not be-
permitted to IMs into the hands OF the
Northern Pacific people,"
The report must have been started by
enemies said Mr.. Mohr. The North
ern Pacific couldn't do anything worse to
hurt us at the present time, when we are
pushing construction as rapidly as possi-
BILE and need all available funds, than to
circulate the report that the road will pass
into their hands and thus destroy all the
hoped-for advantages of competing line.
IL is calculated to get the people OF Spo-
kane Falls down on US, apd many Of them
are stockholders in our company. IL was
simply done to put spoke in our wheel at
the present time"
wherever the report oriLinated." said
MIR. Cannon. lit is already doing us a
great deal Of injury. The people Of Spo.
kane Falls went into this enterprise in
order to have competing line, and they
say. il the road is going TO sell out they
will not pay any more on their stock"
ut is the same at Seattle as at Spokane
Falls, said Mr.. Mcdonald.
mo matter how the rumor started"
said Mr. Mohr, "the fact remains that it
has created a general impression that the
Northern Pacific has got control of the
road. or will get 1t. and the people who
are most to be benefited by this competing
line; are already refusing it the much
needed financial support"
''You may say with my full authority"
said Mr.. Mcdonald, that there is not a
word of truth in the report. There 10
nothing in the world, to induce the Seattle,
Lake Shore Eastern to make any kind
of deal with the Northern Pacific. They
cant very well get control OF the road
without my knowing it, and tell you it
won't be done"
"Billy" Edwards died at Gals clock
Monday evening. OF strong constitution
and bouyant, hopeful nature, for over three
weeks he battled with the forces of death,
but at last yielded.
Mr.. Edwards was born in Nevada
City, California, and had been
years, during which time he has been en-
gagged principally In newspaper work.
He founded the Spokane Printing COM
pany, and was partner in the World
Publishing company at the time Of his
death. Of an exceptionally genial dispo-
sition, Mr.. Edwards was known to nearly
everybody and was very popular among
all his acquaintance. He brought sun
shine into the hearts of all with whom he
on IN