The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-10-25
FOR ANEW RAILROAD.
IKD PUGET SOUND. MOUNT RAIN
IER AND EASTERN.
Preliminary surveys MsAs. . Company
Organised. and the Necessary Funds
to Be Put Up and Work Begun I'm
nediatsly After the Election Of Nc
Kinlsy.

Tacoma, Oct e4-Specsai-The Pose-In-
teyisgencer correspondent; was today in
formed by one o. the gentlemen associated
IN the project Of ehe construction OF the
Puge, Sound. Mount Rainier 4 Eastern
railroad that the road will undoubtedly ~
built within a short time Further. that
Baron g. De Cogrtier. the Hungarian fiscal
agent who Is aers as the representative
O. foreign syndicate which IS 20 supply
the funds FOR the enterprise. had fully ard
heartily approved of TIA protest. Nothing
now remains TO be done but 20 conpiete
the formai.ties OF the big deal
The matter ha5 progressed this far when
Baron De Cour;ier arrived here two weeks
ago. The company had been organized
with 4 capital OF s.. 900. and preliminary
surveys OF the route had been made.
George L Holmes. president Of ne COM
paay, went East last summer on business
contested with the financial end OF the en-
terprise. Negotiations were then entered
upon between the New York representa-
t,ves OF the company and the people whom
Baron De CouIiier represents These con-
tlaaed all summer and into autumn, cul-
Tinating with the present visit OF the bar
on, in company with Edward II. Greene
or New York. q civil engineer OF national
reputation ard great ability. Mr.. Greene
has been retained as advising engineer by
Baron De Courier. In all probability he
the time The first dirt Is moved.
Baron De Cour,ier registered at the TIA
coma hotel and was soon in consultation
with /. ". Anderson, manager Of the Ia
coma Land Company: President Holmes.
OF the railroad company: c. p. Aasierson.
president of the Pacs1ic- National bank.
who is interested in the company. and 9TH
er gentlemen prominent in financial cir
eles- The oaron's visit was for the pur-
pose OF personally inspecting the country
through which the line is TO pass. In COM
pany with Mr.. Holmes, Mr. Greene and
Mr.. Anderson, the baron made the arduous
journey through one of the most magnif-
!cent forests of fir and cedar timber in the
state and over the foothills OF the Cas-
cades almost TO the Cispus pass. The party
went by wagon 10 Kernahan's ranch. be-
yond Elba. on the road 10 Mount Rainier
Here they took horses and made the re-
manner or the journey on horseback. They
were absent nearly week.
On the return of the party there were
frequent consultations with President
Holmes, Mr.. Anderson and Mr. Masterson
When questioned as to the progress OF
these. none OF the gentlemen would talk
for publication. 1t was understood. how
ever. that Baron De Courtier was more
than satisfied with what he had seem and
was ready to give the enterprise his I'M
qualified approval.
Yesterday articles Incorporating the
Standard Construction Company were
filed in the auditors office. with capital
stock of 100000 The incorporators are
Mr.. Greene. j. II. Vanderbilt cashier of
the Metropolitan Savings banks. and A,
f. Buell.. an attorney. George Vanderbilt.
of New York. is heavily interested In the
Metropolitan bank. and Mr.. j. II. Wander
bits connection with the construction
company has given rise to the rumor that
Vanderbilt capital is TO be invested In the
road.
The articles provide that the company
may engage in the business OF building
railroads. acquiring real estate and steam
boat lines, building telephone and tele-
graph lines and many other things of
similar nature. The prime purpose of the
company Will be the building OF the road.
1t was admitted last night by one of the
gentlemen named that the construction
company was organized to build the road.
The incorporation of the company is the
first public act OF the projectors of the
line.
Baron De Courtier. Mr.. Greene and Mr.
Holmes each have maintained a deep
silence when asked concerning the project
IL has been stated that the syndicate
represented by Baron De Courtier is walt
Ing only the result of the national election
before closing the final details and placing
at the disposal of the officers of the COM
panya sum Of money adequate for its con-
struction and equipment. Now that there
is no longer any doubt Of McKinley's cleo
ton and the triumph of sound money and
good government tho negotiations have
been all but finally closed.
The road will be seventy miles long. and
will tap one OF the richest coal and min
erai sections of the state. The timber is
particularly fine and is pronounced by the
baron the most uagDifrepf forast ha as.ar
saw. The district is known as the Busy
wild. II is understood that considerable
local capital Is invested In coal and timber
properties In the district