The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1890-07-11
THE WORLDS MART.
Commerce Of Asia and America
will Meet at Seattle.
THE GREAT NoRTHERN's PLANS.
They Extend Across the Continent
and the Pacific TO Asia.
Seattle the Center Of Financial Attention
THE GREAT NoRTHERN's PLANS.

Seattle the Center OF Financial Attention
Ocean Greyhounds From Her Ports
Tho RaiiroaA's Only Coast Termi-
nus-The Opera-House.
Judge Thomas Burke was interviewed
yesterday by Posr-INrELLIGEScER re-
porter respecting his trip to New York,
what there was new to say about the Great
Northern. and also the Words fair in Chi
cago. In reply to the question of railroad
news, Judge Burke said:
sWeli, don't know that got any news In the
East beyond what y0H have already published
in substance. and heard of 10 new railroads
coming this way In the Immediate future. The
movements OF the Great Northern are just at
present attracting more attsntion in New York
than hose Of any other railway company. The
fact that the Great Northern has selected Seattle
as the Pacific coast terminus OF its system of
railway. has awakened new fntcrest in Seattle
among Eastern capitalists In New York city
the Great Northern railway IS now regarded as
the coming transeontinental railway; its credit
both in this country and In Europe is 80 far
oSs olu tHdt u NY OF the other VEST
ern companies that there Is really
no comparison between them Barring
Brothers, one OF the great banking houses of
London, took and placed in Eu-
rope sl0.o010oo of the bonds OF
OF the Great Northern bearing per cent inter-
est. In the prospectus which Barring Brothers
issued, explaining this losn, and calling for
subscriptions to it, it was stated that the Great
Northern railway was extending its system to
the Pacific coast and that the important city of
Seattle had been selected By the Great Northern
Railway Company as its Pacific ccast terminus,
and that line Of steamships would run
from there to Asiatic potts. The value and i'm
portsnce OF such an Introduction OF Seattle TO
London investors by 50 grsat house as the
Barring Brothers will be readily understood.
Mr.. Hill told mo in New YORK that he expected
TO send Great Northern cars into Seattle by the
first of the yenr. He also told me that negetia-
tions were in progress looking to the early con-
struction of affect of rs fine steamships as now
sail any OCEAN, to run between Seattle as their
home port. and China and Japan. These steam
ers viii at east be equal TO the City OF Paris,
the City OF New York. the Majestic and the
Teutonsc
''As soon as the railway line is completed
across the Cascade mountains TO Seattle, Mr..
Hill says that tie Great Northern Railway Com
pany viii be able to land passengers from Now
York to Hong Kong and Yokohama In fifteen
days. The enormous trade which such feet
of steamers will divert from its present course
through the Suex canal to the one across the
Pacific Ocean to seattle. and thence to New
York. can hardly be overessisnaied. but it is
sufficient to say that that Oriental trade alone
which win find transportation upon that steam
ship line would be sufficient of itseH to make
Seattle. or any other good seaport on this upper
coasfs very large and important city. regard
this propoeed steamship line, in 80 lar as 1t con-
the cornsIetip1 of f.s Great Northera railwny
line itself; but combined with that railway line
the system OF land and water TRANSPORTATION
thus formed will be of more value to the city OF
Seattle than all the other lines of transportation
coming in here put together.
"ln reference to the railway line may refer to
another matter which attracted very deep in
terest in railroad circles in New York, and that
is the fact that the Great Northern railway had
secured q line across the Rocky mountains at
grade of enc per cent, or about fiiy-tw0
fee to the mile. This enables the Great North
ern Raiiwsy Company to carry out its cherished
project, when is to have the lowest and easiest
grade, the most direct line, and the loves capi-
ta.ization of any railway in the country. These
are the great advantages which have enabled
that company to do what no other company
has done that crossed the Rocky mountains,
namely, to borrow money at 4 per cent per
anaufn, and that is about as low as frst-ciass
governments are able TO borrow money. You
may be sure that the company that is able TO
borrow money al per cent. has 10 water in its
stock or in its bonds, and that when it comes to
competition with other companies. the other
companies, and not the one with the low rate of
il isis, the ones that will have to go to the
wal
''In some quarters the question has been raised
whether the Great Northern intends to make Sc
atile its principal terminus on Puget sound. 1t
has been stated that the company had intended
TO make Fsirhayen, or some point north of Sc
attic, its principal terminus; and it has been
farther sad that it had got large terminals at
Fairhayen with that end in view. Is that cor
rect, JEdge?" asked the reporter.
.sThere is nothing in that understood that
the Northern Pacific Railway Company. with its
usual soiicitude for the welfare OF Seattle, is
greatly afraid that the Great Northern will make
its terminus at Fairhayen or some other point
on the Sound, but there is no need OF wasting
any anxiety on that subject. The Great North
ern Railway Company has publicly announced,
both in this untry and in Europe, that it hiss
selected Seattle as its principal terminus on the
Pacific coast. Barring Bros, thebsnkers In Lon
DON have as already stated, set forth in their
prospectus that the Great Northern Rail-
way Company was building its line to
the city of Seattle. upon Puget sound. It is quite
true that the Great Northern has secured ex-
terminals which the G- at Northern has al
ready purchased and secured at Seattle ara
twice as extensive as they have secured at all
other points on Puget sound put together, and
they are still acquiring more. The reason why
they are getting terminals so extensive in
Seattle is simply this: They are acting the part
OF prudent business men. and are looking to the
future They are not building with reference to
city of 50 600 or 60, 600 people, but with regard
, 70 one Of 20o,oeJ or 10000. and yet, with oil
their care and foresight it is more than likely
that in FIVE years from today they will find
themselves cramped for room. In conclusion,
/ merely repeat what have said at the begin
ming OF this interview, namely, that the Great
Northern Railway Company is at present doing
more 10 give Seattle prominence and stability
amongst Investors aud capitalists OF the East
than any other railway company in the conn-
try"
ssYou were in Chicago while you were East?
rs there ANYTHING to be said about the showing
AM rwpresentation Washington viii have for
the Worlds faf?"
..Yes. / was in Chicago q short time" replied
Jndee Burke 81 have no doubt that the state
will be properly represented. The commits
sioner-at-large for this coast is Mr.. Mark L. Nc
Donald of santa Rosa He Is q wide awake, en-
ereetie business man, who Is taking deep In
teYest in all that concerns the entire Pacific
eosss at the coming Worlds fair. The next
meeting OF the commissioners will be in Octo-
ber. aud have no doabi that Mr. Mcdonald
will do everything he can TO secure ADEQUATE
space for Washington upon the grounds OF the
fs;r The state commissioners, Mr B. Hopkfns
OF Colisx and Mr.. Drum, of Tacoma win un-
douissdiy look after the interests of the state of
Washington xith ability and vigilance did
nos meet either Mr.. Hopkins or Mr.. Drum: