Lewiston teller. [volume] (Lewiston, North Idaho) 1878-1900, 1890-04-17
THE PORTLAND DEAL.
S1l6,O Of Outside Money Invested
at Lewiston-Full Particulars
Concerning the
Investment Made by The Portland
Capitalists.


Capitalists.
Rumor has been rife for several weeks
concerning the real estate deals being
made by w. +. Kettenbach in Portland.
TeiegramS have come and gone. Nari-
Gus reports have been afloat. 1t was
evident from the sales made that large
deal was, but to whom and for what ul-
innate purpose we could but conjecture.
The following, direct from w. f. Ket-
tenbach, will in measure, satisfy all
queries as to the extent and effect of
these sales.
81 have sold land in and near Lewis
ton to the following parties: w. II.
Holcomb, vice president of the L. F.;
J. $. Cameron, chief Of fconstruction; V.
&. Bogue, chief engineer; \. l.. Max
WE'LL traffic manager, and G. J. Smith,
general managerial Union Pacific
officials; to Charles w. Knowles, JON
athan Bourne, c. A. Alisky, DR.. Dar-
rim, DR.. Mckenzie, c. Il. >. Wood, r..
l.. and George Durham, w. X. Smith,
Chas. F. Beebe, and T. w. Symonds,
capitalists. The total amount of sales
will aggregate $4,000. A Water and
Light company has been organized and
papers sent to Lewiston. All those in
clined at Lewiston, are at liberty to
sign for what stock they want in the
company and the residue will be made
up here. l think the future of our town
is assured so long as all pull together"
Nothing has occurred that gives
greater stability and assurance of the
prospective growth of our city than
knowledge of these sales. The land
was not bought to be held, or to bar
others, but to be developed Immediate
ly. 1t was sold to parties who have
pledged themselves to improve ut once,
and who are willing and abundantly
able to do 50.
+ This fact is evidenced by their prompt
action in regard to the Water and Light
plant. The articles of corporation have
been here, a franchise has been asked
and granted by the City council. Ten
thousand dollars of the stock was taken
by citizens and the paper returned to
have remainder subscribed below. The
incorporators of the company are w.
F. Kettenback, c. J. Smith, c. e. S.
Wood, J. b. Morris, F. w. Kettenbach
and c. G. Bunnell. The capital stock
is S30, 900. The following officers were
chosen at the first meeting of the com.
pany, April IL. President, w. f. Ket-
tenbach; Vice President, c. J. Smith
Treasurer, C. G. Bunnell; Secretary, f.
w. Kettenbach.
At the same meeting the president
of the company was authorized to ap-
point surveyor to make surveys and
estimates of the work contemplated,
The work to begin Immediately. This
sounds very much like business. The
Lewiston boom has not been on the
market many weeks but it has made
rapid strides to permanency and secur-
ity. The extent of these sales shows
the faith and confidence others are will.
ling to put in Lewiston. To have out
side capital interested here Is u big
thing, but to have itactively interested
is greater thing. Every dollar ex-
pended in the development and i'm.
provement of this land, every dollar
expended in the erection and maintain
ance of this plant is an added dollar to
the material worth of every property
holder in the city, and dollar wisely
expended for the health, comfort and
convenience of all.
| Parties who have made this purchase
are ready to make permanent improve
ments at once. The water company
pledges itself to begin work within
within ninety days and to have the
plant in operation in one year. The
water to be used is to be taken from
Clearwater at the Lindsay place.