The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-08-09
ABSOLUTELY PUTla

Gilman 70 Redmond. two miles. taking
steamer scross Lake Sammamish. staes 70
Mercer slough. steamer across Lake W asn'
ington and the cable road into town. 1t .
cost for the round trip 81 $l.A It's ex-
pected that With reduction OF the rail-
road rats from $50 70 81 Is the people viii
save their muscle and the trouble OF 20
many transfers rather than save little
difference Of - cents.
Rsasvaa 1t Usisa PaeiAc DeaAs.
NEw YoRK. Aug. Sat meeting Of the
Union Pacific board Of directors today
plan was agreed upon giving the present
holders Of sinking fund bonds an oppor-
tunity to renew their bonds under the
present conditions and rate Of interest Tor
six years. the company reserving the
right for the trustees 70 draw at par after
the first year. or redeem the while amount
Of bonds September 1. 1894 The matter
was placed in the hands of speciaA COM
mittee consisting OF Orr. Gould. Atkins
and Government Director Anderson to
perfect the details. Subscriptions have
already been received from the directors
for . material amount OF the extended
boads upon the above terms. and further
subscriptions are expected. The company
reserves the right TO reject any amounts
in excess OF $500 Particulars will be
issued to bondholde:s as soon - they can
Be prepared. The September interest Of
extended bonds will be prepaid.
NEW York. Aug. 8.-Ths following state
ment presents the matter in condensed
form: Statement showing amount Of
sinking fund per cent bonds outstand-
ing, amount of cash in hands Of trustees.
applicable to the redemption Of said
bonds and the estimated amount to Be re-
ceived to September 1, 1888, for sales OF
mortgaged lands, etc.:
Union Pacific sinking funds bonds out
standing January l. ls93-Coupou bonds,
-. III. 600: registered bonds, $455. 900, To-
tai, &5.176.OoO.
Balance in hands of Union Trust Com
pany trustees January l. 1898. represent
ing uninvssted sinking fund contributions,
$254, sol.
Balance in hands Of Union Trust Com
pany, trustee, January I, 1898, represent
ing proceeds derived from lands sold,
amount on deposit. payments. etc, $780,
16A
Estimated amount Of cash to bs received
from land sales. etc., for the eight months
to September !. 1898. $4,000 Total,
81. 4O4 .66a
Balance Of debt to BE- provided for.
$. 7H,334.
Land, or notes, outstanding January 1,
1898. $685., $50. less estimated payments.
January to August. 1927 1888. Total,
81. 800. 902 Add then the estimated value
of unsold land January l. 1888. $3,079, 600.
and the total becomes $6,44S902. This
amount Of $6,448. 500 less amount 90, I'll.
3A shows . surplus of security In ex-
cess of the amount Of indebtedness to be
provided for. namely, $2677. 567.
Reduction 81 Wages q Coal Mines.
A reduction OF 10 to Is per cent. in wages
has been made At the Franklin mine Of the
Oregon Improvement Company and at the
Denny Clay Company's mine near the
same place. The contract in force at
Franklin expired on August and on that
day new one providing for the reduced
scale for one year Was submitted to the
employees. All the men signed 1t without
objection and work was continued with
out single days. interruption. On the
same day . similar reduction was an
nouncsd TO the miners at the Denny mine
and was rejected by them at first, but
after two days strike they accepted it
and returned TO work.
Digging Up the Old sheavs wheel.
The sheave wheel Of the Front street
cable railway. which has been buried in
Pioneer place since the road was extended
to King street two years ago, was dug up
yesterday and removed 70 the power house
and will probably be used at some other
point on the road. The wheel was placed
in front of tho Occidental block when the
road was built and was left there after
wards along with the turntabie which was
abandoned when the grade of the down
town streets was raised.
The 0rsat Nershern's japan Route.
VERONA, B. c., Aug. a-lSpecial. THE
British steel screw steamship Crown Of
England has been placed on her berth in
Japan BY the Great Northern railway, to
sail early in September for Puget sound ~
the pioneer of their trans Pacific fieet. The
Crown of England was built in 1891 and 10
. first-class ship of the same size - the
Tacoma. She may be chartered for sub
sequent trips till the railway companys
new steamers are built in England.
Lease Of the LehIgh Valley Faded.
PHILADELPHIA, Aug. 8-The directors Of
the Lehigh Valley Railroad Company to-
day voted to discontinue the lease to the
Philadelphia 4 Reading railroad. The
Lehigh Valley directors take possession Of
the property .: once. The officers of the
Lehsgh Valley company saw that the
rumory Of . receivership are absurd.
Freight Rates On Great Nesshera.
wESATcHEE, Aug. S.-lSpecial.l- Big
Bend farmers are rejoicing over the re-
cent reduction in freight rates over the
Great Northern. 1t will make di ference
OF many thousand bushels Of grain going
to Seattle over the Great Northern instead
of taking the roundabout way over the
Northern Pacific.
Railroad and Cooperation Notss.
II. A. Johnson, division freight aud passenger
a;en. of the Great Northern road, has gone 70
spokane.
General Manager A. l. Mohler. OF the Great
Northern. and General Superintendent c.
Shields are their way here. but At last re-
ports had no; passed Spokane.
METHOD OF SHIPPING oAILORS.
New system Adopted and No "Biood