The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1889-11-15
A BIG SUBSCRIPTION.
Mr. John Leary Offers $4,000
For Good Steamer Line.
FOUR SPEEDY BOATS PROPOSED
pmbilc Meeting sngxessed-A Plan TO
Get Wharf-coaatry Towns
TO be Interested.


plan. which viii doubtless Be the nucleus
III magnificent steamboat line, which will
be running IN less than year from Seat
tie, Mr.. Leary oilers 20 contribute TIE sum
OF 81. go lie cash toward the establishment
Of lire Of four steamers, which includes
the one he gave orders for Wednesday. He
practically goes into the scheme which has
been agitating the merchants and business
men for some days 70 the extent Of the en-
tire sun called By that scheme the FIRST
year, but with the stipulation that the line
81 steamers shall BE ahead OF anything on
the sound and 9 line that viii not brook 3
rival in speed, or elegance. ME. Leary ex-
planned himself TO 8 PosT-TsrrfL4GEscER
reporter last evening.
MK. LKART's PLAz.
81 win put $751; go into the enterprise.
said Mr. Leary. III four suitable steamers
are built have talked with men OF ex-
perience in the steamboat business and ]
am satisfied that We should have steamers
that are speedy and strong for the Sound
trade, and / want 20 see q company or
gained that viii build good boats and put
them on at oEce. Ny proposition Is 10 give
one-eigHth OF the money 10 organize COM
pany with 500 600 cash capital. This viii
baiid three $4,000 steamers and one &c.,
Co boat and leave $4,000 to spare. Mr..
Holland says he can turn out two Of the
beats by May l and two By August
next | am satisfied that ii we want to
hold the trade for Seattle We must have
line OF fast steamers. and rs speed Is what
costs money We must have at least $500
900. The small boats are all right for tie
small routes like Eagle Harbor, ETC., but to
really make useful and formidable line
We must have good steamers.
TO covER THE WHOLE SOUND TRApE.
Mr.. Leary's idea is to put the steamers
on such lines as viii cover the whole Sound
trade, and do il better and quicker than
any other line. He said. in conclusion:
II am sure that | could get up line TO
build the four steamers among few capi-
talists myself. I think we should take
pride in putting on good line OF steamers,
and hope the enterprise may succeed. =
THE BoArs CAN DE BuILT X TINE.
Mr.. John Holland assured Mr.. Leary
that he could build the four steamers by
the dates named. and he has already taken
steps TO commence the building of Mr..
Leary's steamer at Salmon bay.
The proposition made by Mr. Leary was
made so late last evening that no opinions
ON the matter could be obtained. Ii is
probable that Mr. Leary's large offer will
induce other capital TO be put in, and few
days may see the sntire sum necessary
raised.
A NETTING WILL BE CALLED.
Mr.. G. Morris Halter, the gentleman who
flrst proposed the present arrangement for
the organization OF the steamboat line said
last eyfsning that be thought ii would be
propegao call q meeting, as soon as the in
anguras ceremonies were over, OF the Board
Of Tra1c and Chamber OF Commerce, and
TO invite 10 that meeting al the gentlemen
who had already subscribed and such other
citizens as desire TO take stock In the steam
boat enterprise. The necessary organiza-
ton papers could he prepared in blank and
presented before this meeting. and the
trustees could be selected and the articles
filed at once.
Only A TEN PER CENT. ASSESSMENT.
IL am still Of the opinion. said Mr.
Halter, that with the burdens now upon
the business community and the rebuilding
Of the city, and all the heavy drafts upon
the business men Of Seattle, il is irnpracti-
cable 10 collect frosa the subscribers more
ktlAH ten HcF cent. OF tntlf SubAEfI ptl0fiS
the first year. In other words. l believe
that every subscriber should have the GER
tainty that he would not be compelled 10
pay more than his ten per cent. the first
year. Those who are able and willing 10
pay more than ten per cent can de- so and
no one would have any objection, but a
subscription Of $4,000 on those terms
made by responsible people. capable OF pay
ing their subscriptions would give ample
credit to procure everything Ia the way OF
steamboats, that the situation would
Justify in that time. and the sum OF
$4,000 consider amply sufficient il prop
cry cared for and judicionsly applied to
do all that Is necessary 10 place Seattle as
she was Eve years ago, the center Of the
traffic ol the Sound. hope TO see the siay
when a farmer dwelling on one OF the
islands Of the Sound desiring 10 go to the
next island, can do so more easily and
cheaply by coming TO Seattle than BY any
other way
TnE Way TO GEr A WHARF