The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-05-30
THE PALMER CUTOFF
Reorganization Of the 0. / Co.
Will Bring It.
$500, 900 FOR KING COUNTY.
To - spsus Ga View WhAf<es, "fden-
sag Of the marrow 6~ngs sad
Mae Improvcmsnss-
$500. 900 FOR KING COUNTY.

The Io1ssaskes-os Palmer -css-oS
sresra IN A far xay 20 se zerassEls*ass1-
~ whfcn shn Northern Psclses &E2rs2SS
20 Seattle ~sn os nSea sheFssner as Fass-
IL facilitated. The pixn hss 9e~z' sfs1a CENT
n dtscass<a. aa4 has b&se gsaefslsy cor
e~ssed 10 Dr. 201A 2@sszx44@ as feAs.slse-
But there has been 40 EA.sfo&1 1zls9i1s
for fhs laxs few years ard 70 s.es
Pacfssc passengers xse frssEat 70 s~@tsae
rave contsa1sc 70 pass sstnln Ave rsia~s 9.
Fssnklfr zs.6 20 al tie Way reas1 ~ Ort-
ine ara N>~ksr. Ne~. however, ali tnis
ss 70 bs eAanxs6- Tae @. l. cersrasy Is 20
the FROST ~s.h plan winch coz tesnpa
the srp~ntsEzre % nsff rssEtSn sezazrx n
sh5 near Seattle. The property % the read
- 20 ee enlarged en9 improved Ta@ sx-
tension 81 TIE O. l. CenpsnT's docks snt
wh&rvss already r. progress r. tsss city
j. 20 be carried 70 earpplefson. tnr egsip-
rnenf Of tae Franklin rssnss = % - sSded
10. And the Palmer est-or = 70 - 5sSi.t
IN cooperation with th@ sorther1 Pa
cfnc. Not osfy this. Dn: the gauge o. the
Columbia q Psxsf soana road $ 70 Re
made standard, 80 taat Sortnssn fsciec
trains vii have . eiear r1u tate Seattle
All this. Of course, i contingent. but there
seems nttIe 60uss that the reorganization
plan wh1es sss beer prepared sith great
care vii be generally approved aud
agreed 10.
Receiver C. J. Smith. o. the o. ]. Com
pany. ressynes yesterday morning from a
visit OF I've Or sir weeks 70 The East. IN
The cours< OF which plans for the reorxanl-
ration Of the company we're perfected and
are nov ready 70 he iss1~d.
As Mr.. Smith s2f in his once yesterday
almost deiuxed with the mass OF papers
that had accumulated during bis absence.
he looked refreshed ard relnvigorssed By
bis Eastern visit
The COMMITTEES on reorganization As
said. has perfected a plan which either
has been issuea already or Will be soon. I
hass not copy OF II with me. and so can
not give yoa the particulars may say,
however, tina. Il provides for the proiee-
ton Of the security heiderr saa for the
raising OF 8. es0.eo for the enlargement and
Improvement OF the property or thls
amount aboat Gls. 90 II TO be spent in and
near Seattle, IN snlargsng our rharxez.
Improving tie mines. x;anazrdsxsnf the
eaag. OF the Columbia a Puget Sound
road. and In building 20 a common point
Win the Northern Pacific. rroviced ws
can secure n. cooperation Of that read.
u can give you no definite statement A
70 the length % time which viii be r,-
CURED 70 coDsummate TIE ptsn q, reor-
gsnixsfion. es; Il cannot BE done ir a day.
or course. the plan must first Be ss.en,sd
70. ana this OF itself vii require time
Then wsys and means must be devised for
raising the money.
Meanwhile. until the pian Is CONSUME
mattel. TIE general policy OF the receiver
AMP WI be to lead up 20 the betterrpen,.
ard additions provided for In the nan
This. In fact. IL true OF the WORK whieh n
now go,nH on.
Il found the same general hussnn.. s..
precision Throughout; the East WHICH vs
have experienced here. People there seer.
70 he waiting fer a financial sattieraeo,
sach interest was expressed In New YORK
concerning the finance plank Ia the w2.h-
inston state Republican platform. taltat,
Freely with prominent New York Nnan-
eae's ana The opinion among them va.
unanimous tnst such an utteranca from.
.hT dominant political party OF the stats
ksoshy henent It's credit and
strengthen It's financial standing
The people fn the East knox . xr..,
deal about Seattle. and are favarah,v -
pressed with the city. They ,birk 80,
seattle has not only held It's own sn,s-~
I'VE years OF financial strsnsenry. b,,, ~.
saosn growth. J found Seattle =. vi,
ana 'aNeraaly known Ia the Eaz, =. snv
hsc extremely warm weathe- Ans.
fs sns whole time xas In SH,x ".
sni on one or two days the ,hsrnaor,.,..
rs - soofe 70 In the shade. and mat .on
Win nlsh degree Of humidity
s'e otSyefe craze Is or in fun fa,.n a..
SeN ferk. and my favorite ,asx,,-. 49,,
psaioa was TO watch the tho,,~.rs. :.
sheelnlen at Riverside ACCIDENT =. ~ "
streets from collisions are nun,sr,,'. - -
N many cases fatal" anu