The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-03-24
TACOMA NAY GET rHE ELEVATION.


Proposition by Business Men and Land
Company to the FarmsFs.
TACOMA, March 2a-(Special. Tacoma
has undoubtedly tied up the Farmers'
Terminal Elevator Company warehouse
proposition. A joint committee Of the
Commercial Club and the Chamber Of
Commerce has been appointed. with full
power to close the deal. for the location
OF the warehouse on q l60x600 foot site on
water front in this city.
President G. w. Thompson Of the Cham
Der of Commerce and Marion G. Denton, q
member of both the Commercial Club and
the Chamber Of Commerce, were sent to
Eastern Washington recently to confer
with the wheat producers. A meeting
was held at which arrangements were sub
mitted for locating the warehouse here,
provided the Farmers' Elevator Company
agreed to ship not less than 10000, 900
bushels Of grain to Tacoma during the
next ten years or any less period.
The warehouse to be built 10 to have .
capacity of 900. 900 bushels, and it is esti-
mated that, together with the cost of driv-
ing piles, it can be built for $4,000 OF
this amount the citizens of Tacoma,
through . company formed for tho pur-
pose, are to put up SIS. 900 and the farmers
are to contribute the balance, which 10 to
be raised on their paper through Tacoma
banks.
The Tacoma Land Company is to accept
. reasonable figure for the site, to be paid
in stock of the local company. if the COM
pany be organized, and then at the expira-
ton Of ten years, or before, if tho farmers
have shipped 10,0O0. 900 bushels OF grain
through tho warehouse, the Farmers Ter
minal Company is to be given . quit claim
deed to the interest of the local company
in the warehouse and the site. Should
the Farmers Terminal Company fail to
ship to Tacoma 10, 600, 600 bushels of grain
in ten years, then the proparty reverts to
the local company, warehouse and all.
The land company has another PROPOSE
ton, which is that cash be paid for the
site. and when the property is turned over
to the Farmers Terminal Company, on
the fultillment of ali tho conditions, that
the cash paid in the first instance be re-
turned to the parties composing the local
company.
This proposition as . whole was agreed
to by the Farmers Terminal Company,
and during the past two days the same has
been taken up and virtually ratified by the
officers Of the two commercial bodies Of
the city. President Redman, Of the Com
mercial Club, and President Thompson, of
the Chamber Of Commerce, being author
lied to name joint committee for the
purpose Of arranging for site and build
ing the warehouse.
In reviewing the significance of the To-
cation Of the warehouse here. q railroad
man, who is . wheat raiser and wheat
buyer. said this evening:
1t will compel the Union Pacific railroad TO
build its road to this city at oucs. Ii can not
get out Of thia OF course the Great Northern
will also have TO have coz nections with this
city, but II 10 now imperative that the Union
Pacific makes arrangements to have coupec-
tions with Farmers Terminal Elevator ware
house or give up the bulk Of she grain hauling
business.
Everett promised to donate site for the
warehouse. and also to build the same. if
the farmers decided TO go to that city,
This proposition was made on the as
sumption that If the warehouse was at
Everett the Great Northern would build
branch lines into the wheat districts not
already reached by it. As result MANY
Of the grain raisers who would be reached
in that way were in favor of the Everett
proposal, but it is understood that the
great bulk Of them favored the PROPOSE.
tions made by Messrs. Thompson end
Denton, who are credited with being
shrewd manipulaeors.