The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-12-01
At THE Stroke Of TWELVE.
The Oregon Improvement Co.
Passes Out Of Existence.
NOW PACIFIC COAST COMPANY.
c. j. Smith, Who Was the Receiver.
General Manager OF the New Cor
poratfon-Many improvements TO
BE Carried Out-ats Plans for =
Share Of Alaska Business-Ofhcers
and Employees Remain the same.

At midnight last night the Oregon I'M
provement Company ceased 10 live and the
reorganization under the new name of the
Pacific Coast Company came into exist
ence. With the stroke of the clock at low
T. the property of the old compeny passed
to the new. and c. J. Smith, receiver of
the Oregon Improvement Company. be-
came general manager of the Pacific Coast
Company.
The actual closing of the receiversliip
will not be accomplished until the liabili-
ties OF the Oregon Improvement Company
have been discharged. and under the de-
cree of the Federal court the moneys in
for that purpose.
In speaking of the transfer yesterday.
General Manager Smith said rnat all OF
the officers and employees of the old COM
nany will be retained by the Pacific Coast
Company until otherwise ordered. There
will be no change in the policy of opera
ton. The closing UP of the receivership
will probably occupy several months. The
improvements contemplated in all depart
menis IF the service and in the equipment
of the various branches will be carried out
as planned prior to the sale of the prop
erty.
Concerning the operations in Alaska OF
the Pacific Coast Company. General Man
ager Smith said that in addition TO the new
steel steamer now building at San Fran
cisco. which it is expected will be COM
pleted in March, the company has con-
sImmated the purchase of two
other steamships. on the Atlantic
coast which will arrive on Puget
sound some time in February. These
steamers will be fitted with all
modern conveniencss for the comfort of
passeng rs and are aid to be speedy yes
sells. Each one Is of practically the same
SIZE a. tn, Mexico. wrecked last summer.
Besides its floating property, Mr.. Smith
says that the Pacific Coast Company has
acquired wharf property at Skaguay, and
IL will maintain and operate feet of tug
boats and lighters between Skaguay and
Dyea. Everything will be in readiness for
the spring business. The tramway ever
the Chilkoot pass is now under way ana
is being built on the Halliday system.
1t is Il continuous. moving overland cable.
fitted with buckets. The tramway is no.
designed for passenger business. The ar
engagements contemplate delivery or
passengers from Seattle to Crater lake,
beyond the. difficulties of the pass. in FIVE
days From Crater lake to Lakes Linde-
man and Bennett there are no hardships to
be encountered. Mr.. Smith says that pas
sengers can, unincumhered, manage to
make the pass easily. and their delay at
either end OF the tramway will depend
only upon the amount of freight TO be
handled each bucket being capable Of
rrt.sr. Tra MA fD~
ling both freight and passengers will be
further elaborated and the service i'm
proved so that people intending to so TO
the upper Yukon will be handled through
TO the lakes and provided with facilities
that will enable them to make their jour-
reg quickly and comfortably. Other inN-
rrovements outlined by Mr.. Smith in an
interview published in the Post-Intelli-
gencer after his return from New York.
will BE- carried out by the new company.