The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-12-04

JACOB 9URTH, president of tie
Puget SounG Slationat Bank. re-
turned yesterday from four
7oeeks' Trip to Boston and Svs7o
Xosk. sphither he roenf IN the interests of
tie consolidation of Seattle street raaways.
a company knoqpn as the Seattle Electric
Company has arranged for. and as soon
IS some minor details hape Been perfected
tie consolidation uM take place and hill
Be one of the largest street rad9pay deals
eUer pat through IN the West.
The Officers of the new company sua
Be-: President. Jacob 9urfh; Oice prest-
dent and manager. G. W. Dickinson; as
sfstanf manager, %. P. Robinson. Mtssrs.
Stone and Webster, ofiiBoston. hill Ne gen
erAf managers.
r,N an interview yesterday cencernins
his trip and the conditions In the
East he said: IT left here four weeks
ago today and visited Boston and New
York. My object in going to Boston was
in connection with the proposed CONSOLE
dalton of the street railways OF Seattle.
We have organized a company to take
charge Of the properties. As yet no ar
ticles Of incorporation have been filed,
but win be In q very few days.
'aThe lines involved in the proposed con-
solidation are the Madison street cable.
Union Trunk line, Seattle Traction Com
pany, Third Street q Suburban Railway
Company the West Street q North End
Electric Railway Company. and the First
Avenue Railway Company. The details
- 81 a~k -
are not yet complete, but have every
reason to believe they will be within a
very short time.
eThe transfer OF the properties acquired
viii be made to the new company as soon
as It Is fully organised. The name of
the new company will be the Seattle
Electric Company.
all full OF confidence regarding the future
growth of Seattle. and consider this the
most stable city on the Pacific coast, and
one that promises to grow in commercial
Importance in the near future. From
what heard from the class of people I
came in contact with / am firmly con-
WINGED that 1t depends entirely upon the
people of this city whether or not we
have much Eastern capital come here
and help develop the vast resources we
have about us and assist in making Seat
tie the metropolis Of the Pacific coast
ITO be able to invite capital the people
must show they are willing to deal fairly
and literally with investors.
''Two of the large banking houses In
Boston, which are connected with us in
our new street railway enterprise. In
formed me that they were more than
favorably impressed with Seattle. One
of the gentlemen connected with these
institutions tole me they would be willing
to invest large amounts OF money and. aid
in the growth and development of Seat
tie and its various enterprises. II they
were only assured they would receive fair
treatment in the West.
II assured them that while Seattle was
Western city In one sense of the word
It was made up, to a large extent, of
Eastern people, and that the people here
were wide-awake, enterprising and have
never yet neglected an opportunity to in
vite capital to come here. also told
them that II may judge from the past.
capitalists need have no fear about not
getting favorable returns for their
money invested In this city.
There is an abundance of money in the
East seeking investment. and look for
ward to a very great number OF people
coming out here during the next year.