The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-04-20
WHAT THE ROAD COST
More Facts Brought Ont at
Yesler Gable Inquiry.
CLAIMS OF The RESIDENTS.
rlou,,ge TRACK Would Increase Property
yaIues-sander Tells About His
second Purchase.


way Company f1f an extension OF enc
YEAR Il flsse TO dDuble ts'fracE- There
were present Aldermen Sweeney, love
sgv COMPTON ard sMllfer. Manager Haas.
81 TIE liner Andrew r. Bgrieigh. rcTre-
senslmg the company and the receiver :
a II. Warner. representing Fred y. - n
der aad other petltEoners; Mr. Sander and
Harold Preston, representing tn@ gpiao-
hoiders ard rte trustee.
A. u. Warner addressed the committee
ana said inat sne company should De
compelled 10 doubie-track fesler avenue.
Said he.
Il am not bowling about corporations.
but | want the corporation 20 DO s.A II
agreed TO- Those people bought from
fred F. Sander the road. paying MN
az. 90. Sander first demanded Sf''.fss1 but
they used tn weapon Of the double track
and knocked him dawn 20 S2ss.t.Y. They
now cay they will not build until They
have the money. bat the tracks should he
put IN, and capital can De found Ia This
city 10 doubge-traek those streets
"As citizen. do you think that double
tracking the streets would satisfy the
Ieopleg" Mr. Warner was asked
s.srbe statement I have made Mr.. San
der will prove IL needed" he replied
Mr. Warner said that people had gone
out on the hill overlooking Lake y asn-
ingfon and built homes. expecting that a
the eBd OF five years the company would
be- compelled 10 perform the condition q
its contract ana doUble-tracA itR road (.
that the people counted on this aud ex-
pected that their property would he In
creased Ia value accordingly. aud they hav-
ing acted IN good faith and built ttsesr
homes the company should be compelled
20 do as Il agreed.
MIR sanders side Of ~.
Fred r. Sander vas called aud said Mr..
I.ovejoy vas laboFiug under mistake
when be said the former owners had
made fortunes out Of the road. re said
the road first cost So. oao Then the COM
pany put ia another track az cost cf
sss 90. which was absolutely worthless.
and cars and other effects afterward Tut
In cost So go The subsidy was worth
about sia0.e0 The subsidy first amounted
to about So .o0o but realized only $la0.0oO
air Sander said:
Property along me line Is not worth
what Il would be II the road was double
tracked. Three years ago 1 paid siaf"1
for three lots on the corner OF seventh
street aud Yesler avenue. and II the line
was douhle-tracked my property would be
worth as much as property In the same
location on Madison street. These same
hondholders VINO are now asking for an
extension of time and soliciting sympathy
gave me a I've days extension 10 pay
some interest. and at the end OF that
tlpe put the road in the hands Of re-
celver. When they so lightly consider the
interest OF the people. the people should
not be so eager to consider their con-
yenienca"
you we're manager OF the hne?" asked
Sweeney.
''Yes. sir bought Mr.. Hunts stock
aud 2.0l0 shares held by the Niimaus and
became manager OF the line, and re-
q. h.. u
was placed ia the hands of a receiver"
You say your lots cost you $1,000
''Yes. sir"
What are trey worth now
II couldn't sell them FOR Sen. II the
line was double-trackcd | could sell my
property for much more. That has been
ms experience. l have sold a good deal
Of property along that line, and know
rs that road paying anything now?''
asked Loyejoy.
81 don't think 50"
Just about paying expenses
'If It's doing that, even, II is doing
well"
Can you state how We can cause them
10 build this extra track asked Sweeney
From what know they would have a
pretty hard time building H. | don
know anything about II. don't know
what their finances now are. II they re-
fused 20 build you could take the fran
chise away and sell Il 20 some other road.
can't give any Information on that
point. | think that II the road was dou-
BILE tracked now, the shareholders would
put up a flrst-ciass road. because 81 would
be In the line of policy
Burleigh Asks Questions.
Mr. Burieigh. when called on. said he
had nothing new 10 say in the way Of
produeIng more facts: that that had been
done at the last meeting. The only thing
that he might 10 now would be 20 answer
what Mr.. Warner and Mr. Sander had
said
MIR Warner" asked MIR Rurieigh. rs
not the real opposition 10 the extension
OF one year at this time due 20 the fac'
that the people out there want 70 te ben
Gifted by the money expended in the
double track"
Eyes. Another reason Is thar the PEG.
Pie have been deprived for i've years Of
. double track and now they want It,"
Further conversation brought OUT 81.
statement from Harold Preston that ~
gave FIVE acres O. the original subsidy
and that the building OF tho line incrcas
ell the value OF his holdings three-fold
that the road was a great benefit ans
that an extension Of time AZ this tims
would not iofure any one AMI could b
giyen gracefully aud properly.
what would hc fair value ~ n,
road at this time:' asked Lovcioy al
sander.
- wouldn't pax ANYTHING ny@,lf. Ru
l tank II | had Noe0 Sea.Ao an
didnt know what 90 do wiz 1t. I Weal.
buy r."
with the mor,easa ou it, asked Bur
ieigh
'-ph. no.
with provision Of double trucking
Eyes Bat I wouldn't assume any % n,
claims aEsins; itt
Further Questloujn.g brought cut a roe.
many facts concerning the .arly histar,
OF the road and Alr. Sanders connection
with Sc. The latter admitted that re Pa.
held two franchises htls the ~sto0i ouY
only repealed a small portian 90 M right
81 way provided by tho hrsi one. lie ssl
ne was Ks'tine an ne would.
The, oriasiual ~to,}>hol,ict-s
Mr. Haas pro3urc5 documents snowirs
the standing az tha ROAD fn sod rfrle
as compared w{th itS earnings naw Th.
ROAD hat not psl3 abe iater - on Us ,,ou :
e.i dssag fer over ta, wears Nr lfsA.
stated thst the original Incorporation
were John iearS- Josiah - Law ara ,
y Nefcaffe With the following trustees
Alfred Moore Of Sfu E'rsnrt~-,. Bob
iearv and j r. Netr8ftr The $50. khcld
ecs anI t0e shares held rs ca-a vere a.
follows
StoeAhaa3erS Shares Avn.
: "a Thompson ,-.-......... SIS 81 s.
john f.esrv observation-disclosures. 30 s. -
George A Moore. ~ J. NJ
Thompson -...s....- --,...,--.- 8
Ju0ias Reehvster. ~ ). NJ
~'issns pEen ..-... --.. .--.-...... l-
, - law. ~ J ". ThomFsoa E E-
George - HogHs n......... -.-.. &
tuu}as Rochester -......-.....-. eN 3 ~
: r NeseAlfe---....,..-..--..--.- ~ -.
v-t.s EN- sra q