The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-10-02

LOCAL CAPITAL BEHIND A YUKON
STEAMSHIP COMPANY.
Three View Boats TO Be Haiis 40 PLY
on the River. and an Ocean
Steamer TO Be Chartered to- Run

Seattle s preparing 20 take lard n
ne establishment o trRusport2siou Ines
= TIE Al0EcIse OF Al extensive sell-s
his was S.zuzf@i av ire 0rzAnizSttcn -
TIE Lape- Yukon Transportation Ce-o-
p21y. the articles u Incorporation o
which were Sled a the office q the sec-e-
tary % stats yesterday. The character
ard sta11ang % the uew company Is wszI
settled - the personnel C he efE-sTs and
directors Ok TIE new corporation. they be-
tag aEnprag the fcremoSs business EzeFs n
che city. Edward 2. Sweeney. president
- TIRE Seattle Brewing ard Mailing Co.,
Il President Of fne new scr rg2Ezs rfCEgs J L.
2 Lockw3 c6. n7anaEer Of me S&n Frz1-
cisco Bridge Co. wee president. George
! Wiley. che vel known shipp4ug sz1
commission man. tre1surgT. II. J. Collins.
secretary ana Joshua Green business
manager, Among the directors ara W
Il II Green. pres dent - he Euget So1-12
Machinery Depot; J. 3 MacDoaGall. CT
the DouEall-SeutEEtc Co. Z .
Graves. president q the Washington Ma
tiogsal bank. and other gentlemen O 1lxe
character and standing
TIE company has sireaGy employed
well known ship builder % draft the plans
Tor three ignt-draft steamers. work ca
which wiz Be commenced iune1ia tely. az
Seattle. They viii Dc shipped ii q knock
down condition ard transported 70 81
Michael 20 be put together 81 that point
n readiness for use a. the earliest cpen-
ing c1 navigation on the river. These
boats viii have length OF 10 feet. beam
50 feet. and WI have a draft q but IS %
% inches OF water Engines. boilers. exc,
viii be Of the Afsst Improved pattern
These steamers are expected 20 have
carrying capacity q 80 sons, with accom-
mo4Atscns for loo passengers.
a steamship 70 ply between SEATTLE and
s.. Michael viii be bought or chartered 20
take passengers. freight and the material
for the steamers north
The company puts forward a novel plan.
both for flea ting such portion 81 rs stock
as VIII not be retained by the iDcorp0ra-
tors and as AT inducement for travel By
this route. It proposes for $50 20 issue
Il each subscriber one share OF stock IA
the company: 70 furnish years supply
OF provisions and tools, according 70 me
best accepted estimates o. the require
usenEs Of such an cGltlt, % furnish trans
portatf0a 70 St Michael. and when the
steamers are completed and the river Is
free from ice. further tranxportat ton TO
Dawson City. Freight viii Do carried for
subscribers % Dawson City scr 10 cents
per pound. II al the transportation facll-
tiles ara not required for rockhosdezS
tickets 70 Dawson City. without the extra
privileges, viii be al the rate charged By
other companies. SEQ.
This IS the first large transportation
company organized IN Seattle as result
Of the Elondike excitement. designed 10
operate upon the Yukon river. Judging
from the present estimates OF the ma gni-
tude % the rush which viii take place IN
the spring. there is little fear that the
transporta ton business viii be oyer3cre:
indeed. 1t Is doubtful whether ST the lines,
present and prospective. VIII be able 20
entirely provide for al who seek trans
portation.
Mr.. Collins the secretary. proposes 20
rfssr he
OF dispoeing OF some stock and traaspcr-
tation on the basis outlined aboya