The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-12-14

the last month. First came the an
nouncement Of the sale of the Monte
Cristo mines and the Everett smelter.
which was published In the Post-Intelli-
gencer November Is, supposedly to a
German syndicate, though this has by no
means been established; and then follow
ed the transfer Of all the property OF the
famous Everett Land Company, which
practically means the entire townsite of
Everett. a telegraphic account OF which
was printed last Sunday morning. What
do these big deals mean, and who are
purchasers OF this property, which IL az
well known as any In the Northwest?
are questions that many men would give
much to be able to answer correctly.
That James J. Hill is in 1t Is the opinion
Of some authorities of Northwestern
movements.
1t is, however, believed that the Monte
Cristo mines and Everett smelter have
been sold, and to tho same people that
purchased the extensive interests of the
Everett Land Company at the chancery
sale at Everett last Saturday. These
cleared out all the interests of John ID.
Rockefeller, tho Standard Oil king. which
he has held for SO many years in that
part Of snohomish county.
Sold. to q Committee.
The sale OF the land company was made
to reorganization committee. according
sent to the minority stockholders by the
Rockefeller interests few days before
the deal WINS finally contaminated; and
this reorganization committee is said to
rspr,ssent 4. syndicate q New York and
said to be "Hill men, by some, and by
others to have no connection whatever
with the Great Northern magnate.
strong probability to the former conten-
ton is that w. ]. Rucker. Mr.. Hills al
legged personal representative at Everett,
mittee. In fellowship with j. d. Farrell,
president Of the Pacific Coast Company,
and J. T. McChesney.- Mr.. McChesney
eral weeks, coming from New York os-
tensibly for the purpose of investing in
any valuable securities that might be
came from the Empire city for the pr RI
mary purpose OF negotiating this deal.
Whom he represents Is as mythical as
any phase of the matter.
There was nothing of more than ordi-
nary occurrence at the sale last Satur-
day. Master In Chancery Eben Smith
conducted 1t In accordance with the fore-
Company, OF New York, and Francis II.
Brownell, attorney for the Rockefeller
interests. looked after them at the time.
his personal attorney, George Donworth.
but took no direct part in the transac-
ton.
All Arranged Before
It is understood that everything was ar.
ranged before the issuance of the circular
to which reference has been made. The
transfer included all the Rockefeller in
terests: amounting to 60 per cent. Of the
cent. still remains in the hands Of the
minority stockholders.
1t Is impossible to learn the inside par
ticulars Of this dea. as none OF those con-
cerned could be seen, and 1t is doubtful
IL they would talk II they could be. 1t
Is however said to be a fact that the in
terests Of the reorganization committee
buyers are the mentioned capitalists Of
New York and Boston, whose Identity IL
not known to others than those immedi-
Judge Thomas Burke, general Western
counsel Of the Great Northern and Mr..
HIS personal representative in the West
said yesterday he had not heard thing
about Mr.. Hills having any interest in
these Everett deals. 1t is however said
that Frederick Weyerhauser. the lumber
king Of Wisconsin, who has been credited
with having bought 100000 acres OF tim
Der land in Washington and Oregon for
$e50,00O. Is now negotiating for immense
tracts In Snohomish and contiguous coun-
another purchase in this line, which will
indirectly be connected with these Ever
EFT sales
hauser is investing money purely on his
own account 1t Is known that he is quite
friendly with President Hill. and UNDER
stood that there Is a cooperation between
the two, Mr.. Weyerhauser to buy the tim
Der and get 1t ready for market, and Mr.
Hill to furnish the transportation and ter
minal facilities at Everett.
May be Only to Invest.
II this should prove to be true It may
throw different light ON the Everett
deals. as 1t is considered that Mr.. Hill
might be interested in all of them, but be
making them solely for the purpose of
good business Investment, without refer
Is said to have had cruisers securing Sno-
the last several weeks for good available
timber land, and that it will not be long
until the Northwestern financial circles will
be acquainted with some of the terms Of
another mammoth transaction.
The Everett Land Company is one Of
the Oldest and most prominent real estate
and promotion institutions in the Pacific
Northwest, and has been prominently con-
nected with that part of Snohomish county
ever since the foundation of its principal
tidewater city. The deal just noted means
the transfer Of all the realty including
extensive blocks of water front and tide
land property, various docks and 1900 acres
of valuable upland, as well as the Rocke-
Teller bonds In the Everett & Monte Cr1sto
Railway Company, the Everett Railway g.
Electric Company and the Everett Water
Company.
1t Is not lnown, and is said not to have
been determined, what improvements or
developments are to be made by the new
owners. and II is impoSsfble to get even