, 1888-03-22
HOME AGAIN.
what Mr.. A. M Cannon has to Say
Regarding His Trip West.

Regarding His Trip West.
, Yesterday learning upon good au-
thority that A. NJ. Cannon had resign
ed his position Of president and
director Of the Spokane Il Palouse
railroad company, reporter OF the
REVIEW called upon the gentleman
and upon requesting further informa.
ton Mr.. Cannon explained as his rea-
sons that the Spokane e. Palouso rail
road il practically completed and
turned over TO the Northern Pacific
railroad company under perpetual
lease and that his position would in
future be purely nominal. Hcfurthor
stated that it would require the efforts
OF himself, us well as tho other citizens
Of Spokane Falls, To get the Seattle,
lake Shore & Eastern railroad com
pany to make its present eastern
terminus Mt Spokane Falls, because
that will practically determine it as the
western terminus Of the Manitoba
road, or in other words, the meeting
point Of these two great railroads.
Mr.. Can non states that while his rela-
tiOns with the Northern Pacific rail-
road company we're of the most cor.
dial nature, his task has been finished
and his services TO that company OF
no further special need that his inter
ests and those OF his fellow citizens
were of paramount Importance and
that il would II 7ver do To let Walla
Walla or some other inland town de-
fleet tho route Of the Seat tile, Lake
Shore a. Eastern railway from Spo-
kane Falls Mr.. Cannon has just
returned from Seattle, to which place
he went together with Mr.. Donald
Ross u complete the organization OF
the "Spokane Loan, Trust and Saw
ings Bank" of Spokane Falls, several
prominent citizens OF Seattle subscrb.
ing largely to its capital stock. Mr..
Cannon informs us that while at
Seattle II committee of the Walla
W,illa Board of Trade waited upon the
president of the Seattle, Lake Shore
Il Eastern railway company and re-
newed their offer of last year to pay
the company bonus of 100000, and
To secure all the right-of-way, II they
would build into Wulla Walla as their
present years work, instead Of build
ing castwardly; claiming that the
larger tonnage than from the Big
Bend county, and that hy waiting
until next year and until the Mani
toba railroad had decided where TO
cross the Bitter Root mountains, il
would be time enough to build east.
ward. Mr.. Cannon feels very CONT
dent that upon making II proper show
ing to the Seattle, Lake Shore 4 East
ern railrond company. work can be
commenced before the end of the seat
son, If not sooner, although the Seattle
road objects to building westward from
Spokane Falls on account OF becoming
entirely dependent upon the Northern
Pacific railroad company until the
heavy and expensive work on the east
slope Of the Cascades, the Columbia
river bridge, and the crossing Of the
Grand Coulee could be finished; all OF
these would require vast amount of
money and considerable time to ac-
cOmplish. Mr.. Cannon reports both
Tacoma and Seattle as booming and
lots Of business at Seattle also that
the Seattle, Lake Shore l. Eastern
expect to reach the Sguak coal mines
this week. Mr.. Cannon was asked if
he had purchased any interest In the
Seattle, Lake Shore & Eastern railway
as reported in one OF the Sound papers.
He said:
"No not dollar. The company does
not directly build the road the Seattle
& Eastern Construction company
builds the road and receives stock and
bonds in payment. l propose 10 take
some of the bonds and stock il offered
to the public. because think that they
will form II good investment, but |
have my doubts if any will be held
outside of New York city"