The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1889-03-12

II 81 Proposed tsss Bssds Fl -
ss. Of ssos .ses BE sahsesfsea
In S~sssie-

There w.e q large zfzeadszse 81 iasz
nsgfts meeting OF the Chaxahersd
fsousnerne. ard the actions Of The
snembers presaeed tina: something Is
uunsuxi interest vas coming up 81 txe
meeting. The president u the Chars
her Of Commerce was absent. and
fudgr j. p. Hort acted rs chzirn1zH.
After the reading Of the minutes Ct
the previous meeting. Thomas Pfos<ssa
stated thar E. IL. Carr was mentioned
asa member OF one Of sbe standing
committees. and vas not . rnexnter Of
he Chamber 81 Commerce. The
chairman decided saas If X was - Mr..
prcsrh stated, Mr. Carr name sEcsid
te taken from the COMMITTEES.
sxw cFrY STAR.
"A chairman Of the COMMITTEES On
xhsrves and slipe. Mr.. Proseh re-
norssa that the committee had de-
Odd faet the Wasaingsofs-sf-ees Zip
should he enlarged ard repaired, that
nex slip shouId be buEis on Vine
street. and that the eitv surveyor
should establish an anfer mharf line.
The committee had reported to the
fSty Coaacil. which had taken action
i tse premises.
THrgTr MEX MEMBERS.
The COMMITTEES Oh membership re-
sorted number Of names rs cznAs-
dktss fer memberships On motion
the secretary was instructed " cast
he ballet for the entire soS. which was
done. The names OF those admitted
are a. fellows:
John X. aver. 4. z. torhett, Geo.
q. gonan. Eslwara l.. smith. ] If.
Lyon. " j. Colkest. r. T. Jones. 4.
2. Cough, Alex Ailsn. -. l.. Rogers.
r. ]. Graham, s. s. Waldo. Terence
OBrien. q. @ Halier, Geo. w. Crane,
John Artflnr. ShAs- #. Monday, Il, j
colEnan. u. X. Howard. Homer u.
Hiii. Alfred Holman. George q. Lyon.
". r. fioodkind. Fletcher +. Coulter,
J. Nj. Frink. i. Il. Andrews. E. :.
MeaHy. s. 4. Fraser. Alexander 8egg,
Fred Allen.
The total membership il now f76.
The old members numbered 81 and -
Joined IN November. 81 IN January, 80
IN February and 30 1t last nights
meeting, making total Of I75.
Axnsxa THE LAKE snoRR
There was considerable interest
manifested when Secretary c. III. Kit
finger arose and stated that II meet
iagog the COMMITTEES OF Fourteen held
on Friday evening last IL was suggested
that the citizens Of Seattle should as
sist in the building Of the northern
branch Df the Seattle. Lake shore 4
Eastern railroad 20 . connection with
fhe Canadian Pacific railroad ThiE
road had already done great deal for
seattle said Mr.. kiftinger. bat Seattle
had Is yet 11ae nothing III q financial
way for it. The Puget Sound Con-
ssructi0n Company. which i building
tbs road for the Seattle, Lake Shore 4
Eastern. vas receiving rs 600 a mile
in bonds and ST., 600 in stock for build
ing the read and was not doing its
duty toward IL. lie thought IL would
he good plan 10 subscribe the amount
necessary and thought that there
wDuld BE but small loss even ON
$4,000 worth OF bonds as ther were
selling at 81 = in New York and those
xho purchased could afford 20 lose
Ibis small discouns for the sake OF
having Seattle connected with trans
continental line. There were but ~
miles 10 build and Il $1,000 mile or
10000 we're subscribed the road would
BE- buils. Mr.. kistingeE then submit
ted tho feliowing a. sample cs the
subscription for the bonds
70 The seattle, Lake shore 4 EAsssFa
Rasswsys fstafiemfa. The citizens Of sess-
tie, desirnas OF the speedy construction oil
the anssbern branch Of yfsssF railroad to 4
connection With the Canadian Pacific and
aeslfone % Offering their conadenee ia
SAID road a financial prosecs and taeir
appreciation OF what y0asr roasi has already
done sos She essy OF Seattle. DO now pro.
pose. saxh Of the undersigned according n
the araoznt set opposite his respective
aane 50 subscribe sad purchase ---- iaoa-
sand deliars OF the flrst mortgage bonGs Of
yoar company vi par. said bonds 20 be
taken at the rate 90 tle, 600 per mile, 10 the
extent q: 80 many miiexof track 70 ee con
suuffed By You without the aid Of any
construction comp&uy. from the present
northern terminus Of yosr track nortsxsrsi
toward the north boundary of Washington
Territory; this subscription 10 be paid upoa
he completion of each uaile Of said track
nuTthwara, - ssou as ready Tor operation,
for each ntile 80 com plcted tha said snsa OF
sia,ooe; each OF Us severRily agreeing 10
pay to the treasurer of your company uEsoz
%<~e-~ f'-@-Ne-
speetsye names upon the completion Of
each niie 81 the said niles: and We
hereby appoint our trustee 10 re-
eeive said bonds from yoar company and
~ distribute the same amoag as Ia pro
portion % our several Subscriptions
Dated Seattle. ". T.. '---- ~. fsss.
The next speaker was z. w. Ne
Ginnis. the local agent Of the Canadian
Pacific, who stated that the road be
represented was in poor conds.sSan
for the handling of certain classes OF
freight, but as far as time was con-
cerred, II speed was desired. he could.
by wiring the company. have freight
rushed through from Chicago 10 Se-
attic in II days. He thought the
question could be best settled by aid
ing the northern branch Of the Seattle.
Lake Shore & Eastern. Ii that road
ass finished il woald give Seattle an
all-rail connection with the coast !:
there wouia be no breaking 81 bulk.
and goods would ne handled quicker
aud 20 better advantage. The North
ern Pacific, be said, had recently pnr-
chased the Hastings ualn and Eve
miles OF water front ~ Vancouver. =.
T. The safue company was necctsaf.
Ing for the purchase of che BeIlsng-
ham Ray railroad. and Was also trying
% bay the Seattle. Lake Shore &
Eastern. and 10 Seattle did not look
Ga; she wonld be side-traekcsi
W. Il. Thornesi, manager OF the Sc
attic, Lake Shore 4 Eastern. being
called upon. said il she subscriptions
were made IN The manner outlined BY
Mr.. hitssngeT. il would he conducive
70 the success of the read he Was con-
aecfesi with. The matter had keen
drought up so suddenly that het.sd
nof know whether the proposition
wuald le accepted By the road author
hrs. who were in New Ierk. or nos.
The road had been operated s;ace the
eaTiy part 81 1855. and had paid rs
operating expenses and also the inter
esS on is bonds. Il had treated the
raessc justly. fairly and equitahsy,
during that period. II the citizens Of
seAitle subscribed r. is stock ii wosild
greatly strengthen the credit OF the
company abroad Besides. il would
prove tower Of strength to the coas-
taay Ia have number 81 the best
CITIZENS OF Seattle with a financial in
tereSf in the road.
MI Ihornet then read memoranda
naade for the information of Eastern
capitalists, ia June, ISIS. As - business
shich NoGld result i the northern
tr2fssSsf pre~sa