The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-02-23
TN CAPITOL FUNDS.
- Land Grant Will Furnish .
Large Surplus.
IxyE WILL INCUR NO DEBT.
. ne Subject Clearly sse rorth
.-1Gassr1si and Labor All Found
IN ths state.

- nets m relation to the comrletsou
q = II new capitol building. the source Of
= funds for the purpose and st1e serres
- - oTSSasitIon were explained 10 :
- 1stsllixencer reporter In IN ,nser.
- xssh Charles +. Aun<iay. . nembsr
- state capssoi comn4ssson. in which
$50:
n enabling act granted the s,sts
acres OF land for pubic building,
- capital. and OF this oag73.s2 acres.
1sd ~ sses.s2s. have been selected
= selecrfons approved by the gen
bnd Office That leaves w.lx IS
10 be sesecte<k In August. 1894. con-
passed an act authorizing the state
NE land surveyed ana giving the
- . preferences rigAt for sixty days
80 Ne ding OF the plat 20 make seiec-
2 Under this provision - IL expected
y fhe land yet to be selected viii De
ns valuable. but II Il shoub1 averaes
ia same. the value Of the grant viii be
0rG0
sCns OF the objections urged 10 the con-
1spAsion Of the work IL that tAe com.
N1nstse u going TO run the state into
81 Tor the building before the land In
- TIE supreme court has held that
- Issue Of warrants against the STATE
oespoi building fund. to be redeemed oat
u TIA proceeds of the sas> OF these lands.
- not create any new debt
sZas estimated cost OF the work already
s1sser construction, the foundation, was
obouf s7D.ooe. but tho contract was let for
40. sss We expect TO construct the
heiAuce IS much cheaper than the esti-
united cost. The legal limit of cost Is
WQ6c1 and the estimated cost Ii about
cEs6o, but We expect to aet the contracts
u such figures az will make the total
eeesidcraely less than 10000. 90 that
s1ksFe will BE- a surplus Of over Se0o 900,
ran II the whole grant were sold at the
Dfsseat very moderate appralsement. The
G<At bulk OF the land selected (about
myen-csgh1hs) In west of the mountains
sekd covered w4th timber. end no doubt
- be sold at the appraised value Tho
nd will probably sell for more than the
eDpraisement. as the value OF timber land
- continuaily growing.
@one OF the objections TO going on with
~ work has been that the state might
sps be able to sell Its warrants. but the
llsks at Olympia have made arrange
Dents with parties IA the East to take
y entire Issue al par. bearing per cent.
htFrest. There will be no risk of not be-
- able 10 sell the warrants after the
Uesrac. Is let. for the contractors will
~ sign the contract until they ara sure
- Warrants can be sold. The idea is
ikst It Is to tbs advantage OF the state 10
q ahead now, when material and labor
~ cheap and this amount OF outside cap
sal can be disbursed sn she state Just
sh6n Il il most needed. All tina brick,
ssrae, hme, etc. about So per cent. Of the
uassnxi. Will be produced in the state.
'Tss ssrtst Of the opposition to the
work lies n the fact that Ezra Mesker
wants the capital located at Puyailup,
aad u 10 hopes that IL he can get the
wosk drsA,ed the question will be re-
sHhmistat 70 the people. DIR. Meeker OBJ
5esttd % letting the contract on the
xru9nd that she location might be
eAAasef. When he failed IN this. he
sssscd the objection that il would be run
NHg TIE state in debt and that there was
% assurance THAI the land grant would
rss'sss enough 10 complete the building"