The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-07-20
BID IN By MIR. 0SG0OD.
Rainier Avenue Car Line Again
Knocked Down.
SOLD BY SHERIFF FOR Sl4, 800.
Purchaser Has Big Bargain Proposed
Extension to Renton, Four
Miles Further On.

Frank II. Osgood, of the Seattle Ma
uondl bank, bought in the Rainier avenue
electric railroad yesterday at sheriff :
sale for Sli.390, AID Immediately handed
over 10 Deputy Sheriff CraDtree, who
conducted the sale. d certified cneck for
the amount. and viii come into posses
sion as soon as the court confirms the
sale.
This Is the second time the road has
been sold within two months. L. +. Ed
sen. having been the purchaser on tne
other occasion and having the road
knocked down for s12,6oo. He deposited
a certirsd check with the sheriff for $500
but forfeited 1t, but recovered the amount
ater on. The property was readvertsed
for sale, and brought large number of
people 20 the courthouse yesterday. many
being prominent business men and law
yers. The SAFE began promptly at ii
O'Clock with a $500 bid from Thomas r.
Shepard Deputy Sheriff Craotree re-
fused 10 tax notice OF this bid, and Sec
ond later Mr.. Osgood started the ball by
making a s.. 900 bid. Fred Rice Rowell
put up his finger for raise of 500, and
he and Osgood seesawed until the bid
reached sl4. 200 when Osgood went him
500 better ana got he road
II Is the opinion of many that the road
is worth at least SIS, 600 and that Mr.. Os-
good secured good bargain.
r.
chased the line on a business PROPOSE
ton, having got an opportunity 70 secure
II cheap, but I have not yet made up my
mind what / will do. / will go over the
line In a day or TWO and thoroughly IN
yestigate IT, 1t is possible that an ex-
tension will be made from the present
terminus to Renton, distance OF about
four miles. as l understand that is the
portion where most Of the business comes
from. As il is now, people have 10 come
all that distance in order TO reach car
for the city.
THE rails for the line alone cost some
thing like $4,000 for I furnished them
myself. I also furnished the electrical APP
paratus. and am under the impression
that the line when completed cost about
$4,000. The price | paid is Sood bust
ness proposition on its face, as | could
sell the apparatus for junk and realize
more than I paid =,
Mr.. Osrood is the veteran street rail-
road man of Seattle, having huilt the
second street line and assisted In the or
ganization OF the other lines.
The purchase Of the line by MI. osgop1
NAV have an intimate relation to tie
Renton Co-operative Coal Company. when
Is now operating at the Renton mine the
largest cooperative productive enterprise
IN me country. This company, ORGANIZED
~ Rees = Daniels, and composed OF
thrifty we,shmen, will hold It's annaai
election OF officers today. The question
which every workingman and economic
reformer Is asking * Can II succeed! IL
the co-operators owned the Rainier ave
nue. line and were able TO extend II 20 thelr
mine. their permanent success Woula ap-
near IN he assured. Without this extern
Stor the line cannot be made prohtao1e'
am without such ownership the success
Of the cooperative plan cannot be regard-
"a as securely established. This suggests
the question whether the coal NINE ana
railway Will unite TO make both a success
The Occidental Hotel. san fFahclsSo,
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