The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1894-12-21


furnaces. steel works and car works on
Salmon bay and Tor the Transmission OF
the power 81 SnoQaaIFnie fails 60 the plant
ana 70 the city, on which - H. Gilman
has been WORKING ia the last g0r some
months. Is Tow sure % being soon carried
into effect. Tor Dir. Gilman returned home
last evening. bringing the welcome news
that ae has secured the capital for both
enterprises. The SnoquaIFnie power
scheme ! further advanced taan that Tor
the car sorks FOR THE Snoqualmie Falls
Electric Power Company Is practically Or
ganizea. the bosadn and stocks are row be-
ing engraved and are practically ali
taken. tie contract Tor the electrical ma
cbinsTy VIII De Jet % ar Eastern company
within thirty days ana the plant VII be
ready for operation BY TIE coming fall.
The capital for she car Norks and stex
plant Is also substantially ready. awaItirg
only some prslImanaries 70 organization
after gbich actual construction wiH be-
gin. The two enterprises combined mean
the Investment OF AZ least s5.gD8.eG0 o.
Eastern capital IN the city.
Soon after his arriya! al bis home last
evening Ir Gilman was interviewed by
q Post-Intelligencer repored and said.
I'VE are substantially ready for iEeoF-
porafion and I have returned 20 arrange
a few preliminary mstters preparatory 20
the Incorporation Of the company that
will construct the blast furnace plant.
steel works ard car manufactory, The
men with the large capital necessary are
ready wien the pretfmlnaries are properly
adjusted.
''Thc largest builders in Pittsburg. Pa.
are now az work on the designs for the
-
Inmates vii be ready tn a few days. The
present designs or IDEAS contemplate the
building OF one eoks blast furnace end one
charcoal furnace. both having capacity
of about Sl.0oo tons annually.
1--WE have also decided on an open
hearth steel plant that will convert about
Boga0 of the 30 90 tong Into steel Then We
shall have bar Mill to make commercial
bar. OF about s0.o00 tons capacity per year.
.srhe plant We shall erect viii make ev-
erythlng In the shape Of iron and steel
that goes into the construction OF a
freight car We expect that about one.
half the product Of our iron and steel
plant win be left for sale In the general
market after our ear shops have been
supplied. The capacity Of our car plant
viii be such that we can manufacture
any number up 10 fifty cars per day, bat
we shall probably arrange at first 20 turn
out about twenty-five cars daily
A Feather ~ seatti.s Cap
you can UNDERSTAND" continued Ar.
Gilman. that capitalists are not now
running about 10 ma a place for their
saogsay. and that the West IL much in dis
favor and that It Is rot an easy matter
10 Interest people. There have been too
many losses. but on this proposition Sc
attle has every reason 10 feel gradaed and
encouraged The actual cash COST Of
thls plant and the capital invested at the
heg9uRin< al tho enterprise Wal BE- Ia
the nsighlsorhssod Of S&e0 -. whlch. when
Eaovlnss reasonably wci viii employ $50
TO s.e9 men. one-haR 10 two-thlrsls OF
whom viii be skilled work1nen,
This plant ia going TO be the most
modern ia exlsieuce. I have been over
the large plants In the East. in tae
Carnegie works ami others OF Pennsyl-
vanla. where they have things down fine.
and the builders Of the pant viii he thu
sauso who constructed the Carnegie con-
rany's works.
'sFor the protection Of our own interests
cannot "a this time dvu3ge the identity
81 al the men Who are in this cnterprise.
hut the president and prime mower is the
Hon Smith NJ Wo,s8 ~ New York. the
present hesad Of the Nicaragua Canal
company. president of the Chafeaueay
orr 3 iron company. Of New York. ami
president az TIE Chatcangay railroad n
Nerthern New York.
supplies - raw Material.
1--WE shall not probably set to work or
the grounds Oh the south side az salmon
hay. which cover les acres, much before
the raiay season closes. but work on some
Of the fnlnes which VIII b. directed b.
the seniesr n1oznoar q a large New York
coatpany, WIZ begin SOON cur principal
mine IS on tha Hne of the Canadian IA
cine. ara al the ere BY ausiyses BY
experts has beca proven % De equal 20
ans i8 tho Worbl, ln fact an the iron
and coke IS EoosI euouEh There's no
troubbe about the quality. but some %
the ere deposits rear hero lack trsarsr,o~-
tauoa fac.lues Tuxeso ant pa5onsa.
On the Georgian Eu5f and deposits sn thfs
state may bo utilized"
Why ths scheme Is ca.
What are the strong r,at IA th.
enterprise az viewed bv capitalists. Nf-
Gilman was askeA
.sTgse p1an of constructing cars ara
loading 1hcm East. th0s putting the pr--
dust ~ our PLANK oa fhe market with
oas cast. aad the Superior quality az car
ores Manufacturers East 10 mos hook
an us as competitors for we are PRO
tsstssi by the cast * transportation ~
their pro.hscts zsto the FAR wesi. while
We can sahsta utially make iron prol9uct.s
Is ebe8rly as they can az PlstsAarx. our
ere costing less cur coke a Nttae more.
J. is she tutcntsoa 70 ma 1tfacture only
on ocser. and as tao prepon,3ervlnca %
freight s. F9ast-hcJsuyf the toaasr~ cf our
ears wien 'umber etc. wt8 secure the
transportation ~ the cars EASE al no
o..
f"Wer Frvus Sueaaa1unf~.
'sr2e Suoqualu.le Falls Electric Pou7cr |
Company" Sst3 AIr Gilman. ".s 81 re /
way associated VITA my main Ntnture. 1
ana $ practically Ola rs feet. Genera 4
'loo e electricity hy water power AMI 4
its trars-aissssan - distances MT ex- /
ceednr afly uailos. Is 10 lonxsr m ex- I
pertinent lt IS now RS Eauch q eofumer-
cta rcsHty as TIRE electric heht and 4
klDsre1 thsnEs \ New York bank rote /
company ts uow SETTING cut enc stock I
an8 honas aut lave the estimates ~ 4
cost - the eleetrte machinery ga narv~
down In rNesv detail TIE stock IS prag-
tieaAy 81 taken aes We have arranged I
~ dexcaop an4 aesfver ia tAe city 81 So
attic Aoeo horse power. cnaugh &c raa
al Tie car lsnsss lASaS the streets an4