The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1890-07-29
NEWS OF RAILROADS.
The Oregon and Transcontinen-
tai Co. to Be Absorbed.
vlLLARD TO BE ABSENT 4 YEAR.


Topics ~ ku0 aftAciSs - ~eaSSAAAs.s. ~ !" $3.50
the North American company' q new sersey'
mental Company. have Just been dislr1outed 20
the stocknoidefx Ine sgfeement VS. M.ne
June ~. 10 eccoraance Win fesoia'lons 1929
By stockhOlaers OF tho LAST named company
held IN Portland. Or, June - iasI
The resolutions pfovlaeu tnss me 80,
properly ana business o. tne Ore9on compsny
should ~ sold ano unnsIefreos ana its ssock-
holders have N equal opportunity o. becoming
stockholders o. the new corporation, wnicn ma "a
capital stock Of %. oo0 ooo divided INTO oVVg
shares. There are 4UlUuV snerce Of tne eApissa
stock Of the Oregon company OUTSTANDING Wnlcn
the holders are permitted 70 excnange for ssock
In tho NOr5n American compeays shArs ~.
share, and he latter company = 70 prepare ma
deposit - IN escrow with ehe Farmers Loan
shares OF - capital stock MARRIED issued TOT
property purchased, which may De used IN
payment for the eseeu, property, etc, 70 Do sofa
And transferred 70 the Amencen company
The ccrahcates O stock are uansferanie q tho
Farmeu Loan ana Trust company, and are 70
b listed on the New YORK STOCK exchange. An
case all the shares OF stock Of the oregon com
pany are mot deposted 70 De excneneeo lot
stock OF the American company, yneu Rose we'll
G. Rolston, president OF the Fsrnen Loan and
Trust Company; John A. Stewart PRESIDENT OF
sne united nsasss dfast company, snr Elso e.
Ucos y, 7, W. ~ We sscs,',sa .,ht,s..r.
e dstcrmins the value in liouidstion Of ina
OREGON company and establish fair basis for
payment In cash to stockhoIden Of the latter
company as VIII not exchange.
The articles 81 sRreement are ngned y Henry
WIZARD, pfeslasns sno Iowsrg nues. sssass.Is
$500 ~. =. ~ n.ssaa,', 90 FSw.~d rass
sscrc,srv II the Norm Americsn COMPANY. and
delivered ia presence of Charles w. Wetmore.
The North American Company. it il under
stood, will. - the successor of the Oregon 4
Transcontinentsi Company, lease % the North
ern racinc raii"sy sne Seas.le; LAKE SHORE q
$3.50 ts Ia &C.,, sn 5ssss,,.ss -
The SETTLE Isre Shore 4 Fssfern nnder
agreement Il win also negotiate stock
for electric street railway companies and
number Of railroads. and companies under the
control Of Willard
-, M vlisus VINO leceuay "sna .. % Lulope.
hssssr man.red n thst ,nsrtsr dnr;nr The nes -
ten months. Dnrinr his ABSENCE. G. 4. snoffard
viii be his sole representative on this continent
with full power Of attorney to act Mr.. spofford
left here short time ago for trip to Alaska.
the kaiama bulletin confirms the state
ment OF me fosT-lETELLAaENcER reporter
OF Friday q foiioWs: 'Ine ming OF
pader with the CLERK OF the superior court
removes the seal of secrecy from Q subject
of the greatest Importance to this section
of the state. The paper referred To alleges
a. e tbe resttle q Mnrt.ra R.,l~.v 60
8 ~~.,.~.s -s-s--.:
paals = 1e4ir - olpoles,oll enu 40 aoous
10 engage IN the construction OF railway
extending southwark from Puget sound
in the state OF Washington, to
q point in the southern part of
said sxata nm the Co1urub;o r;var .,d
. $3.50. ,,rt;~s 8. ~. N.-th.-- p..se -,
$3.50 ~" rs-..-r 49, r. 800 on
, .s eno 0cn.lA rluss Company the
FARMERS Loan duo trust company, ana
-;shtsc :, o.s- ls,Ss ths~s;,, sa.a.;lss
ia ..L;r az - e s- 49,. !.
s.s.-ss;..s - ~ s.e ou ~
- r,s 49,. =, ,nnr- p.s-n.!t;.s. ~ ~ -
Ss.stis = Mort.r. p.;,s..m r~.v y. VIC
.,...,ss S.ssss 49, Ia. -,..s., 80. ap
- -. s,.s s 81 Aa a.. .onoS-
snscrnh shs .;tr 81 a.at N
Ths;- s.a.,s;r,, e,aj xw;.h az 49, .ioulus
.,s. $500 .se.. 10. ~. s,s ooun0n aSse1'S
is controlled by the Great Northern.
The Ellensburg correspondent of the
PosT-INrELLIGENcER telegraphs:
A party Of Great Northern engineers are in the
city In the interest OF their railroad having ar
rlseo wa the big 6end. rneir objective point
rs, = sne snoquhiMle pass. WINE tney are not at
enough was dropped 70 indicate that Jim Hill
mas an eye upon tne .eitile valley OF tne kiiti-
49, paay .aom an viii accompany
nse ~ rniairs them ovsr tha 49,. -, sng pu..
trails. indications are that most fsvorshls =.
port viii be put In by them. On their arrival At
ward. chief engineer Of the Ellenshurg g Moth.
eastern regarding their road from here to the
river, and viii probably use the same If they
come this way.
Chief Engineer J. w. Kendrick and
poe;,;s and p-.s;d.as .As nol,nern
ch;ef En.;n.s- TT T.l.,,, 49,, ...:n
S,rsr;rtsrssn, w ~. 1 aosine
over the Sestti. 1.als shora 4 80, oa'
a s,,ac,s, o. Iss, sr,a. -. = ~
aricK ana McNaught lett here yesterday on
the steamer Eastern Oregon, for trip to
falrhaven.
General Passenger Agent E. w Rusf ot
sne seattle, lake Snore q Eastern. went to
Snoq ',s aus SUNDAY accompanied by
sae 1o.lv"ins ral,.oaa men ana tneir wives
Milwaukee & ST. Paul; A. c. Martin. of the
Union Pacific, and E. w. McGinnis, of the
Canadian Pacific.
Work on the South Seattle motor linz
mas OScu suspchueu because tnero are no