The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1889-04-27
EXPANSION OF BUSINESS.
incorporation Of . New National
Bank for Seattle.



Electric Line.
Ats sBeetirg held IN the Occidental hcs
lei yesser day. tbs weshingsoz National
Bank With ssplal stock 81 sioaeee was
organized
| The prime movers IN this entcryxise ere
E o. Graves, chief OF the bartsu Of en-
CARING and printing and ere OF the ksxt
known Essn In Washington. snd H.
E2ekns. cashier OF the First National Eank
Of Union sprd g. sew York
Eessrs- 8fsyes and Hzckus lsfg Washing
ten. p. G.. several weeks ago for the par
pose of nnting q location somewhere in
the West for snszeizi enterprise They
visited Oas aha. beaver, Pueblo, oxssen.
SAT- Lake. Heena. Bate City. spokane
Fails. AID arrived IN seattle afsoat sen days
ago. After looking carefully over the Field
/ they cams 80 the conclusion that Seattle
sns the best place they bad seen. aud On
the trtt OF tsse week. set 10 Hcrk a. the or
zanixsfion which vas eonsummated yes-
terdsy.
In Ices than Eve days afs&r the stock
books were opened the full amount Of
capital sock. 500 CO, was subscribed and
applications were made yesterday after
noon for fully $4,000 more
Il - kasG A1E<ksA< % TIE ktoEE GGsGExH EEzI
! yesterday afternoon the following beard OF
directors Was elected. W. C. Hill. OF
Washington. D.. "a leading capitalist of
/ that city and large holder of real estate
10 seattle. sxsGag. w C. Squire. County
Auditor ". X. Forrest. Mayor Rob<rt
Moran. A. Holman. Dr. Bagley, J. D. Low
man, Of seattle: henry l. wilson, Of Spo-
kane Fails. and f. @. Graves. Of washing
ton, u. G.
Among the stockholders in addition 70
those elected 10 the directory Tpsy be meu-
toned Griffith Davies. Hon. W. Lair Hill.
Of Seattle. VIM A. Lombard, secretary ard
New York manager % the Lombard fn-
ytsfnent Company. who 10 Tow in Seattle;
/ Alex +. Hill. Jr., & prominent real estate
man 81 Washington, u. e.. who Is about 20
80 into business in Seattle and make his
residence here. and ~. r. Eackns, Mr.
Graves associate.
Mr.. Graves, who has been elected presi.
Gent OF the bank, has had long expert
enee Ia financial matters and thoroughly
understands the national banking sysiau-
he has been connected with tho treasury
department IN various capacities for
twenty -six years He organized the re-
denptson agency OF the national govern
meut IN 1874 and Was at its head for nine
! years. He was then assistant treasurer Of
the United States for two yesrs. and has
held the position OF chief of the Bareau OF
Engraving and Printing for the past four
years lie VIII resign hts Office iDmedt.
aseiy upon his arrival a. Washington In
order 70 return to Seattle BY June /.
/ Mr.. Backus, who has been elecsed cash
/ Ter, has served in q like capacity In the
First National Bank Of Union Springs, N.
T., for twenty years, and Is said 20 repre-
seat large capital as well rs long expe-
rience.
Messrs. G.ases aud Baekns left last even
tng for Washington o. complete the ar
rangemenfx for the bank, which they ex-
| pect 20 open about the first of June. Mr..
baekus viii bring his family with him
when be returns. and NJ. Graves viii be
j followed BY hts family some time during
the summer.
The board OF directors has already
opened negotiations for the erection of 4
suitable building for the bank, and ii Is
expected that satisfactory arrangements
win be made In very few days.
The frame work fer the terminal ware
houses being erected for the Puget Sound
shore railroad by the Seattle Transfer
Company Is in place aud carpenters are
Low ousiiy engaged III sfleafhing the
| walls. The flooring is complete, aud inside
OF two weeks the structure win be ready
for the reception OF freight. Twenty-Five
eafs, eleven on each side. can unload in
the warehouse at the same time. There il
an entrance provided for each car and the
extension of the elevated flooring is on a
j.
| nenSions OF the ware house, iesxS4, give Ii
| a capacity for an enormous quantity OF
freight. and the prospect Is that 1t will all
I be needed. Fifteen carloads of canned
Alaska salmon, awaiting sale and ship
menf East, re forced 10 remain in open
air for want OF warehouse facilities. The
brosd gauge strip is altogether t.es0xls5
feet, and almost every inch of It's space
WI VI utilized by the warehouse stables
<toekyards OF the company. PiledIis.
TX H.
20 iva switches that STU be used for freight
cars Ia unloading.
Architect Steinmam yesterday closed With
Madden Bros. contract for the conssrue-
ton OF the buildings, grand stand, and
fence OF the new baseball grodnds OF the
Seattle Baseball and Atnxite Association,
on Jackson street neas Fourteenth The
work OF grading CA these erouncs, which
has been going forward during tie past
/ week, VIII he finished to day and the con
stFuetion Of the buildings wili he pushed
so that the first game OF the Season. be.
tween the seattles and Standards az Port
land, may be played on Saturday, May Is
The grounds have been arranged with
excellent Judgment Their Dimensions
! viii be about b01xJ03 feet. aud the stands
occupy space that enables all parts OF the
ground 10 be seen from every scar. The
! covered grand stand viii be butt directly
behind the catcher. dlagonslly across one
I corner OF the grounds. while the open
stands are TO be built parallel with the
/ lines frcm home base 70 first and honfe TO
third. Club rooms, closets aud every con
yenience viii be provided. The seating
| capacity Of the stands viii be 2,ieo people
The Lake Union Transportation Com
psny has bought the little steam launch
Maud Foster on Lake Unson. and has
placed Il on the route with the I.sfona
between the terminus of the electric rail,
/ way hue and Edgew alter The boat con-
meneed making regular triFs at noon
yesterday, and hereafter connections will
be made each way with every car This
haifhonrfy service will be a great conyen-
ieuce 10 the residents of kdgewater and
Fremont. aud while IL Is not expected TO
yield very large returns 10 the company at
present, u Will have the effect of stlmuiat
ing the growth OF the two suburban towns
/ and increasing the traffic of the electric
! railway.
Gov, Squire yesterday awarded the con
tract for the construction Of his brick In
/ North seattle 10 Otto Ranke. for s44,g5a
The structure. located ~ the corner ct
Front and Battery siree's. Is To be three
stories IA height with three store rooms
and bank. Work, which viii commence
en- Monday, is 10 be finished by tic middle
ef september.
sThe walls of the new twestory brick Of
Ileweilyn. Dodge & &C., on Second street,
between James snd Cherry. Are fiuished
The roof is now being pnt on, and fathers
viii begin on the inside 10 day. The work
has been hurried along 50 fast that the
/ building viii be ready For occupancy by
the middle oi May.
/ john aontAg. % the frm Of Mon,ag.
/ Cleaye & Workman. foundrymen of Port
land, Is in Seattle on Visit. Mr. Moatsg
SAYS bis Gsm is taking OF moving its plant
~ this city, aad be IS here looking into the
situation 10 see II such = trsnsfer would pc
{ inssiaable
MUST WORK To EAT.
New Rules for Government of the
City Jail
Over the Fsl{sf al seal Of The city az gssffla