The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-06-02
Whitney BABY BU66IES- Standard Of America.
Sole
fsr
FREDERICK, NELSON & MUNRO
FURNITURE, CARPETS. STOVES. ETC.
Ito BLOCK, second Avenue a.a Madison

Z
Of bis sxceIlency saeng Ia Jen and Of the
tsung j yaHe1. ard by A. w. Rash, as
ssenE Of the Ansrican-Chlna Development
Company.
On April 2. fsss. II was duly ratified by
tSis American company. and on April =.
fsse. through an imperial sdset. by the Chr
Eese government
The Rich Country se he Opened
THE name Of the city Of Hankow, from
which tbs railway VIII start, means IN
Chinese. "the mouth Of commerce" II
Is "a miles from the sea. With Han Yang
and Woe Chang IL forms the capital OF the
province Of Hupeh. The cities are sepa-
rated only by the river and they constitute
ore OF the greatest commercial centers Of
the world. Their population before the
Tzeping wars was estimated al more than
s.oeG.ooo. ard they are not supposed to De
much smaller today.
The province OF Hupef has population
% more than Tesc1o. and Quong Tung
has about a9.1o0ao.
The route OF the projected railroad il
definitely fixed through the provinces OF
Kiaagse and Hupeh. making It's estimated
length CT 80 miles directly tributary 10 a
population Of nearly sodfs.aso people
The company Is now negotiating for 9th
CT concessions In the way Of extensions 20
tnis trunk line. II IL believed that these
will be- granted and they will practically
double tia extent and value
BY the terms OF the contract the Ameri-
csn-China Development Company, which
~ organized 20 carry on the purposes OF the
syndicate, agrees 20 provide lean for the
construction Of the railway in the sum of
iaoa.oo or its equivalent In American
gold dollars. or more. If necessary. for the
building and equipment Of the road: and
the company also agrees 10 provide the
sum of E5,er9.aso or more II necessary for
the construction Of certain lines under 9TH
er concessions, If the latter are granted
as they are likely TO be The bonds for this
loan will oe Issued on the imperial guaran-
tee TO carry : per cent. interest semi-an-
nua-iy 10 gold, and 20 run for period OF
fifty years.
The survey IL 10 be made under Joint
authority by the American and Chinese
representatives and will bc a matter of
mutual understanding and agreement
Some OF the grading and construction
rs 10 be- sah-let 20 the Chinese and the
Chinese customs are to be followed as far
as practical.
The main construction OF the road
however, Is 10 be under the personal OBJ
servation or the American COMPANY and
X Is understood that the road Is TO be
built In accordance with what is kn<wn
among railway engineers as the American
railway system Of construction In the
progress Of construction and adninIstra-
ton no Interference or obstruction by for
eignsrs or by the Chinese Will be permit
ted after the plans and specifications have
been duly approved. nor viii any of the
territory through which the railway sys-
tenn runs. or which is tributary to It, be
aiienahle The American interest in the
concern will be twenty per cent. of the
net proceeds after paying salaries wages
and other expenses.
That profit Is 10 he represented by an
issue of debsnGure bonds. provided for In
the contract
IL h provided that after the payment
or all the bonds the imperial Chinese
Railway Company. of which his exceIlen-
cy Shen2 -Thang Is director general shall
take the management of the line into it's
own hands exclusively ana dispense with
any and al foreign engineers or other
employees. with visw OF enabling the
Chinese 10 ultimately construct and oper-
ate railways. The American China De-
velopment Company Ia to establish a
school for the practical instruction OF
Chinese In all railway affairs Al mate
Rial for the proposed road is 10 enter
emma free of duty and In manner sim.-
lar 10 that adopted in the case Of the
railway now running west Of Tientsin
The American company VIII give right
of-way 10 the goyernmeut In carrying
troops In ease Of iusurreCtiou and win
NOT carry the armies or troops OF any
other natiCr over IFS system AL iuateff-
ais Of war, such ammunition govern
ment stores. etc. VIII he carried free.
Fhe secretary Of state has received no
t'ce OF the granting OF these concessions
to the C1na-Amsrfcaa Development
Company. Tho territory tes between re-
Et Ia tab
already held by French and English syn
dicates.
Everything IS now ready for the work
OF surveying, Witch vii. begin thts sum
mer.
Secretary Day has transmitted 20 the
American minister at PesIng copy Of
The ratification Gf the contract between
the Chinese govcrument and the American
company.
seattle HAY Furnish the Lumber.
Mr. Bash was seen Yesterday hy rep
rese9tative cf she PoSt-Inteiligtncsr He
expressed surprise when shown COPY
80 the contract Of the company. huf ad-
United at one- tAa' Ntch was the truth
Speaking 81 the effect 81 Seattle Of thlz
impertAn, foreign project MIR Bash said:
Seattle. tn my mind. IS directly inter
ssfed in this deal for an lmmenss amount
Of lumber Il t1 be used In the construction
Of THIS road more than sn0,e1oes feet
some II Fat az. 81 Iht@ must come from
Seattle dealers or shippers Between 80
and 80 locomotives are 10 I've purchased
in tais country. too. along with saa cars
% various kinda
For the past three years have beer
AZ work on Jhis deal and * last / am in
a position 20 feel that al Of ms intense
labor has horne trust; TINS railway ts 80
become ore ~ the greatest systems ef
the word The country 81 Immensely
wealthy ard the commerce when efenei
up with Development. viii grow beyond
comparison
This VIII also ur-an the opening m
~ THIS section II China. sud as seattls,
- the nearest sv8liab3t American port.
all = tbs vast commerce VIII necessarily
pass through th's city
NJ Bash IS ss3} known % the older
residents 80 Seattle. havt~g beer collector
% customs Ter thzs purt Bnier President
Arthar anal also As "a prominent po.ftf-
San. ts Wij} leave Ssast,, saturday far
New NorS. Where ho w}3 secure s.orr,s
az tasviy ens n@eg9 aHt a score ~ rail-
Way managers aad suprFinfs udeut= saa
pFosrst ~ enen - China.