The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1892-04-05
Chamber of Commerce Talks of Buying
Mines and Building Furnaces

Chamber of Commerce Talks of Buying
Mines and Building Furnaces.
But dozen members of the Chamber of
Commerce were present at the regular
monthly meeting held last night, which
was devoted principally to the discussion
of iron interests. In the absence of PTesi-
dent Jacob Furth, E. o. Graves occupied
the chair
T. B. Ward, chairman of the committee
on the iron furnace, reported that Mr..
George offered his lower mine, located on
the middle fork of the Snoqualmie river,
six miles from the Seattle, Lake Shore &
Eastern. He will give the ore on a royalty
of % cents ton for five years, not less
than 300 tons day to be mined; for four
years at 25 cents per ton, option to pur-
chase on or before five years at price of
$4,000. He will sell now for So, 600.
The upper mine is under contract. The
committee reported these terms as too
high.
The Chair Peak mine was reported to
contain ore of q good quality. but the
quantity was not fully ascertained. This
ore can be had under royalty of 10 cents
a ton, which figure the committee regard
as reasonable
The committee reports that men of ex-
perience in the iron business now in this
city are willing to invest in blast fur
mace, and will furnish all capital
as soon as the fact is established
that good ore in quantities can
be obtained at fair prices. The commit
tee further says that the coke, coal and
limestone are abundant. The report was
filed and the committee continued.
In the same connection Mr.. Dodge read
letter from the Pittsburg Iron and Steel
Engineering Company. John F. Wilcox.
the general manager, wrote that Pitts
burg friend had spent two weeks here, and
was quite enthusiastic upon the possibili-
ties that the iron business presents here.
Mr.. Wilcox recommended a furnace of
fourteen foot bosh and seventy-iye feet
high. Such a furnace can yield without
forcing no to $50 tons a day; and Mr.. VIII
cox estimates its cost at S204,0O Pig
could be made in this ftlrnance for $3.50,
while the price of pig delivered in Seattle
now ranges from $3.50 to $50 ton, &C.
cording to quality.
Andrew Knox was inclined TO favor the
Skagit mines in the question of selection.
He thought, however. that before any
deal was made with mine owners they
ought to demonstrate by practical tests the
quality of the ore they offered.
Major S. ". Clark was inclined to agree
with Mr.. Knox. An offer from one
O'Toole to sell his mine for ST. 500 he
thought very liberal one. Where the
Skagit mines are there are mountains OF
iron, and the only question is as to the
quality of the ore.
The following resolution was introduced
and adopted:
WHEREAS. The Seattle Chamber of Commerce
believes that in the interest OF morality, hui
mainly and civilization, saying nothing of the
pecuuiary welfare of the Indians themselves, or
of the conTenieacss, wants and rights OF the
great people surrounding, the restrictions placed
upon the lands OF the Puyallup reservation
should be removed: therefore. be il
RsSolTed, That congress be asked to take action
looking to this end. having due regard therein
to the present AMI prospective necessities of the
Indians concerned.