The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-10-11


The Pacific Coast Company owns the
MINIS al Newcastle and Franklin the Co
lumbia * Puget Sound railroad the Seattle
~ Northern and the Port Townsend South
ern. the Pacific Coast railway california;.
beSlQcs very valuable terminal improve
mcnls in Seattle and the steamship lines
between Seattle and San Francisco and be-
tween this city and Alaskan ports. For
many years past the Northern Pacific rail-
road company succeeded in 1896 hy the
Northern Pacific Railway Company, mas eli
tered Seattle from the south over the tracks
OF the Columbia II Puget Sound railroad
me TWO companies Jointly own considerable
valuable terminal property IN Seattle and
IN many ways they are closely bound to-
gether by business ties.
On the occasion OF the last visit In Seattle
or President G. s. Mellen OF the Northern
Pacific. there was considerable talk about
me probable purchase by the Northern Pa
cif1c OF the railroad properties and terminal
grounds OF the Pacific Coast Company In
Seattle. In fact 4 deal has been on he
tween the two companies for several months
paS'. Mr.. Mellen carefully inspected the
terminals OF the Pacific Coast COMPANY
during his last trip 10 Seattle besides rid
ing over the Seattle * Northern He and
General Manager G. j. Smith Of the Pacific
Coast company. had one or two conferences
IN "hlch the impending purchase was dis
crSSed. IL is understood that Mr.
Meilen' who is noted for his pref
erellce Tor Large father than small
company owns in Seattle rather than a
small part Of it's properties It was the
AK that the Nothern Pacific people did not
care particularly 10 enter the steamshfn
business, but that Mr.. Mellen and other hfch
officials of the company regarded with great
favor any measure that would enable them
10 secure the valuable wharves and other
terminal grounds owned by the Pacific
Coast Company in Seattle. The ACQUISITION
II the Seattle x Northern. the Puget Sound
Port ToWnsend southern and the Colunb a
\ Puge; Sound ra lways would simply be In
!lhe Wlth The policy Of the company undo
he Mellen administration Of securing val
liable feeders for the Northern Pacific.
\. =. May Win Out Tomorrow.
by people who ara familiar with The nast
history Of the relations between the Pa.
ciilc Coast Company and the Northern
Pacific L is predicted that tomorrows alec
ton viii result in the choice OF q board
Of directors in which the Northern Pacific
VIII be either directly represented or r.,
which Its Trends will predoninate TIE
question OF purchase. according To rella-
9is authorities VIII IN all probability he
deferred Tor some time, but X IS stated thar
4 the plans matured by Mr.. Waterbury and
Mr. Coolidge are carried out, ii close alliance
will ne made betweon the TWO companies
Such an alliance, Il is claimed, would re
suit i'll much good 30 Seattle. The Northern
IAacIfcs traffic would. it IS understood he
diverted 10 The Pacific Coast Companv's
n
the deal goes through In he past me
Northern Pacific agents throughout the
Fast have sod txCurzion tiCk.t>
POINTS for the Pacific Coast Steamship com
iany. bur after the city OF Seattle went
On the run. the patronage OF the COMPANY
was diverted 10 that line The Paciir t0ast
Company having its main Western office
in Seattle ana this city being the base of
operations for the Pacific Coast St-atush n
Company. Il IS argued that the business
brought 10 the Pacific Coast COMPANY nv
the Northern Pacific would De diverted
through Seattle.
The Pacific Coast Comfmny's earnings for
the first eight months IN 1898 were A rifle
over 500 cro The company recently asrlar-
ed a per cent dividend on The preferred
stock and 4 l per cent. dividend on the
common stock. improvements now In prog-
ress az Newcastle VII increase the oiI,r,{i.
of mat mine go tons Of coal per cav m.
combined output Of the Newcastle and
Franklin mines IS at present TOO IONS a dav-
T!@ cOmpanY's coal business fo- i>q& wif
probably exc-od ali former records ana -
business handled from Seattle on both il
coast ana Alaska tines has been very heavy
during the pas; year
Walter Shertey = boy ~ IS wears sso- -
e = Sherf@y IS & c-iop.- for NE as a
result OF swinging on "A moving freight
trai1 IN The yards i, Diamond.