The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-02-08
a CO-OPERATIVE NINE
Old Renton Property to Be Re
openad on ! New Plan.
MINERS AND CONSUMERS UNITE
sfsss KfgAs xssrS Idlsasss. . view Com
pasy Usdersskss - Operate ~
Rlsa ~ 0verasasns.


shut down for the pasx eight years. VIII
SOON be reopened and worked BY CO.
operative company. The mane was owned
~as operated Until the nasners went
On q strike some eight years ago.
when Mr.. simpson closed u aud It has
never been worked. The mine Is located
about eight miles soutn OF the city and
yields . Enod 9aaaity of coal. Rees
r. Daniels. OF this city. is the chief
prcEvoser OF the company wsaich pro-
poses 10 open Il. He and his assistants
hava been working quickly for some
time past on she matter ard q large
number OF miners and others have sub
scrabed for the stock already. The Ia
corporation papers viii be filed within
. few dayA It 10 proposed to put the
principle OF cooperation in force not
only In the production. hut In tho dis
trshution OF sane output OF the mine, by
selling stock among the consumes ana
thereby furnishing a sure and steady mar
kst for tha coal. and ultimately employ
about 3oe men.
Mr.. Daniels. the chief promoter. said
to Post-Inteiligencer reporter yesterday.
The Rcnton coal mine 9roperty CON-
sssts OF about $50 acres OF land. rs lots
sax1s0 feet IN size. and few fractional
lots In the most desirable portion OF
tina origksd plat Of Renson, also between
S.ooo and 5000 of personal property. con
sisting OF machinery. mine cars, etc.
It VIII require but q small expendi-
ture TO place the mines on a sAsppsnr
basis There arc four workabbe veins
OK first-class coal. The property Is
Known among miners as being a free
Hiixae. THAI Is. being entirely free from
IRE and dsasiiy gases. The mine Is only
about fea miles from Seattle, which in
sures low freight rates ard ability to
promptly place the product on the mar
ket The Columbia & Puget Sound rail-
read and the Belt Line OF the Northern
Pacific railroad reach the property, at
fortiang transportation to Seattle, Tacoma
and tisiewater. The Rainier avenue and
the Grant street electric roads car, eassIv
be extended tn tho place Lake Wash
ingsou. being but . mile distant. offers
cheap transportation to a district that
win soon be dotted with factories. Rem
ton coal has always commanded a ready
market and tho highest price In san
Francisco. Renton Is most pleasantly
situated and is in every respect a desdr-
abba place for q home. The company
intends making this an ideal working
mans horne.
The capital stock OF the company is
$loooQ0. In Ice shares of 800 each, non
asSessabie. No one person is allowed
moro than ten votes. thereby making II
impossible for the affairs of the company
to be run in the interest OF a few. After
paying in full for the property and put
ting the company entirely out OF debt, it
is expected that there viii be about s4o,-
oo9 worth of the capital stock on hand.
to be sold By the company to develop the
mine. leaving a sufiicieat balance in the
treasury for use tor any other purpose.
The company proposes to consine It's
membership to competent workmen. to
pay first-class wages and offer regular
employment to It's shareholders. who will
have the preference right OF employment.
making 1t an object for good men 10 be-
come interested In the enterprise: 10 al
low consumers OF coal to acquire shares.
thereby making them interested In the
welfare OF the company and. entitling
them to a share OF the profits.
.sThe articles OF incorporation which
viii DO fled next week provide that the
company may engage in all kinds of bust
ness. Incidental to the enterprise. but
shall not deal in fermented or spirituous
liquors.
The stock 10 being rapidly subscribed
for and there Is every evidence that the
miners of King and Pierce counties have
become very enthusiastic in the move
raent. But there IL no reason why others
should not do so. The mine will require a
superintendent. mine foreman, engineers.
maohinists blacksmitiS, ioggers. team
sters. and many laborers, with preference
right OF work to those who are stock
holders.
s.Stock can be subscribed and paid for
by instailments OK SO month or in full
One pleasant feature OF this movement Is
that 1t DOES not arise out of any present
disturbances between employer and emf
ploye.''