The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-07-17
PORT ANGELES EASTERN.
Company Practically Closes Ar.
engagements to Float It's BOnds.

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Special Dispatch TO the Post-Inteligencer.
PORT ANGELES. July ls.-Generai
Manager Atkinson. OF the Port Angeles
Eaetern railway. arrived from the East
the early part OF the week. He was ac-
companed by George II. Hubbard. of
New York. who represents a large bank
ing and investment company in the East,
now forming for business. In an inter-
view with Mr.. Atkinson he stated that
Maj. Hubbard was sent out here to In
srect the Port Angeles Eastern PROPOSE
ton by the men comprising the trust
company, and If his report was favorable
that tho company would take the bonds
of the railroad To the amount OF $2ooc,Wo,
Mai Hubbard has already been over the
first thirty miles OF the road. between
here and Port Discovery. and he Is most
highly pleased with what he has seen.
II. has sent a very favorable report by
wire on this portion.
Mr. Atkinson stated that while East he
had three other distinct offers for the
bonds of the road. THE matter. he
said is now settled finally and definite
~. There has never eeen any question
as TO the placing az cur securities other
than az TO the number OF miles OF con-
struction We would have TO pat IN first.
The company that mas taken them Is en-
tlreiy satisfied upon this point and upon
the report OF their examiner-and this We
have reason 10 believe viii be altogether
favorable"
While In the East Mr.. Atkinson closed
"A contract for ses9 tons Of rails to be
shipped around the Horn In sailing ves-
sells They Will be furnished by the
Pennsylvania Steel Company and be
shipped from sparrow Point. Del. direct
10 Port Angeles. He also stated that
fat cars and common rolling stock. ex-
eert passenger coaches would be built
here BY the railroad company Itself.
AT a meeting OF the trustees of the road
at the presidents offee Tuesday. David
W. Craig and Frank III. Carlisle. OF Mai
den. Mass, George q, Fogg and Isaac u.
Rich Of Bostou. were elected trustees.
MIR Arthur Shute resigned as treasurer
and MIR. Carlisle was elected to ill the
passenger and ticket agent. Mr.. Fogg
was elected general traffic manager. Mr..
Craig Was elected second vice president.
assistant general manager and purchas-
ing agent
This means said Mr. Atkinson THAT
these gentlemen have identified them
selves actively with nur enterprise. will
cut loose from all their business connec-
lions and old associations in Boston and
come here To our little city with their
families TO make II their home. :"
On Thursday morning Messrs- Fogg,
Carlisle and Craig. Mr., Atkinson and
Nal Hishard took the steamer for up
Sound The latter gentlemen are of for
the trip Of inspection over the Tine To
olympia The Bosten party will spend
few DAYS at Seattle, Olympia and other
Sound points. when they will leave for
their homes al Boston. where they go
to Wind az their affairs preparatory 10
During the week Mr.. Craig pure based
the handsome residence Of Judge O. Y
Smith. The property consists OF eight
lots. Snlensiidly Improved. with house
that cost about s,asa. lie also purchases
the tac remaining lots q. another
party. giving him compIete fun block
President Cushing also during the week
purchased what IL known as the Eacrett
property. consisting Of tt4sf ane-hatf OF
hieck ard in an advanced state az fsl-
iivasion. tse viii use IL as a home. Mr.
Atkinson has also drawn plans for a
handsome residence. which he will sre.ss
at once. MAJ. 6ibAsrd also bought twa
lots hts week