The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-06-02

FREDERICK, NELSON & MUNRO.


OF his exeeifsncy sheng Ia Jen and Of The
sslIng ! yasnsn. aad By a ". Bash. as
agent OF the Amsrlesn-China Development
Company
Or April -. 1sss. Il was duty ratified ny
TIE American company. and on AprN =.
IssS, through ar imperial edici. b. the Chi
reese government
TIE RirL Country to BE Opened.
The name Of the city Of Hankow, from
which the railway Will start. means in
Chinese. 1.-THE mouth OF commerce" IL
is 20 miles from the sea. With Han Yang
ard Woo Ca1ng II forms the capital Of the
province OF Hupeh. This cities are sepa-
rated only by the river and they constitute
ore Of the greatest commercial ceuters or
the word. Their population before the
Tapping wars was estimated at more than
s,90.eoo. and they are not supposed to be
much smaller today.
TIE province of HupeE has population
of more than 57,o0ogo. and Quong Tung
has about 21.01 go.
The route Of the projected railroad Is
definitely fixed through the provinces Of
Kiangse and Hnpeh. making its estimated
length OF go miles directly tributary 10 a
population of nearly s1.ooe.noo people.
The company IS now negotiating for 9TH
sr concessions Ia the way Of extensions TO
this trunk line. II Ia believed that these
Will he granted and they will practically
double lis extent and value.
BY the terms of the contract the Ameri-
c1n-China Development Company which
is organized 10 carry on the purposes Of the
syndicate. agrees 10 provide loan for the
construction OF the railway in the sum Of
i&o6o.e9e or its equivalent in American
gold dollars. or more. II necessary. for the
building and equipment OF the road: and
the company also agrees to provide the
sum OF 100000. or more. If necessary. for
the construction OF certain lines under 9TH
or concessions. IL the latter are granted
as they are likely To be. The bonds for this
loan will ne issued on the imperial guaran-
tee TO carry per cent. interest semi-an-
nna.Iy In gold. and TO run for a period Of
fifty years
authority by the American and Chinese
representatives and Will be- a matter of
mutual understanding and agreement.
Some OF the grading and construction
is TO be sub-let to the Chinese and the
Chinese customs are To he followed as far
as practical.
The main construction of the road.
however. is 10 be under the personal OH
servation Of the American Company and
IL Is understood that the road IS TO be
built In accordance with what is known
among railway engineers as the American
railway system of construction. In the
progress or construction and administra-
ton no interference or obstruction by for
eigners or by the Chinese will be permit
ted after the plans and specifications have
been duly approved. nor will any Of the
territory through which the railway sys-
tenn runs. or which is tributary TO IT, be
aIienabie. The American interest In the
concern viii he twenty per cent OF the
net proceeds after paying salaries, wages
and other expenses.
That profit Is to be represented by an
iss,ie Of debenture bonds, provided for in
the contract.
1t Il provided that after the payment
of all the bonds the Imperial Chinese
Railway Company, OF which his excellen-
cy Sheng- Thang is director general shall
take thu management of the line into Its
own hands exclusively ana dispense with
any and al foreign engineers or other
employees. with q view OF enabling the
Chinese TO ultimately construct and eper-
ate railways The American China De-
velopment Company is 10 establish a
school for the practical instruction of
Chinese IN all railway affairs. Al mate
rial for the proposed road Is TO enter
China free of duty and in n manner s.m.-
lar to that adopted In the case OF the
railway now running west of Tientsin.
The American company Will give right
of-way 20 the government In carrying
troops In case OF instruction and will
not carry the armies or troops of any
other nation over its system. All materi-
ais OF war, such ammunition. govern
ment stores. etc, will be carried free.
The secretary OF state has received no.
tfce of the granting OF these concessions
~ the cflinaAmerican Development
Company. The territory res between re-
Efn N u lisa
already held by French and English syn
dictates.
Everything is now ready for the work
OF surveying which VIII begin this SUM
mer.
Secretary Day has transmitted 10 the
Anlsrtcan minister az Picking a copy OF
the ratification OF the contract between
the Chinese government and the American
company.
seattle Nay Furnish the Lumber.
MIR Fash was seen yesterday by rep
resentatsve OF the Post-fnteilIgencer. He
expressed surprise when shown copy
Of the contract Of the COMPANY bus ad-
mitted AZ once taat such was the truth
Speaking 81 the effect IN Seattle Of this
, important foreign project SIR Rash said:
Seattle. In MY rnind. IS directly inter
este3 tn this deal. for an immsnae amount,
OF lumber IS 10 be asei IA abe construction
~ this road~more than enQuso.oel feet.
some. y not AL or THIS 1f7fSt come from
Seattle dealers or shippers. Between IN
and so locomotives are IL be purchased
IN tats country. too. aloug with 200 ears
~ various kinds
For the past three years I have been
at work on this deal and az last I ara in
position 10 Feel that a. or my intense
labor has horne fruit This railway "a 4,
become one 81 the greatest systems 81
the word. The country Is immensely
wealthy ana the commerce when opened
up with development. viii grow beyond
cognpa rlssr-
This Will also urnan thA opening TN
90 this section ~ China, and as Seattle
Is Tire ueares; available American port.
al OF tbs vast commerce VIII necessarily
pass through this city"
Mr.. Bash IS we'll known - she elder
residents ~ SEATTLE. having been 90, ecto-
OF eWsloms fer thtS port under President
Arthur. and also = prominent u0}gtt-
/ can. lie VIII leave Seattle SATURDAY for
/ New York. where he Nil secure carrS
/ az tAsFty engineers ana a score OF raN.
! way manssers ard s3per.ntgadeats aad
proceed al once - CHINA