The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-12-06

President w. n. Guerin, OF the Seattle
q San Francisco Railway q Navigation
Company, returned Monday night from
the East after purchasing on account
OF his company the machinery for it,
new coal bunkers at West Seattle. Mr..
uuerin said yesterday that the enter
prise Of which he IL the head 10 Pro-
crossing rapidly; that BY February
shipments OF coal from the mines for
merry owned by the Lsafy Syndicate
win be made to San Francisco, and that
BY Juns the company will be mining
and shipping to Seattle BY rail apprcxi-
f1ately i,coc tons per day. Mr. 0uerin
deiphia brokerage Arm which has ham
died its securities has not In the least
affected the Seattle d san Francisco Rail-
way q Navigation Company.
Mr.. Guerin was gone nearly month.
During his stay In PhiiadelphiA the trans
fer Of the terminal properties Of the Seat
tie Warehouse 4 Terminal Company to
the Seattle a San Francisco Railway u
Navigation Company was made Al that
time occurred the failure Of HtAhl &
9traub. official stock brokers OF the cofn-
pany, OF which mention was made at
the time in the Post-Intelligcncer Mr..
Guerin said concerning this failure and
the reported sale OF the bonds Of his COM
pany at IL cents In New York:
'~rhe failure Of Gtahl q 6traub has
Rad no effect whatever on the plans and
prospects Of the Seattle b San Fran
cisco Railway 4 Navigation Company.
We do not owe the firm cent, and they
owe us nothing. They handled Our
bonds. and with that their connection
with the company ceased. Whatever
bonds Of this company they may have
sold or hypothecated were. their own
property and not ours. The bonds Of
our company are worth par, and / yen-
tufe to say. that II. philadelphia. where
they are a. chiefly held. II would be tmpes.
:. "'Thers are no bonds outstanding Of
hs S saxs thS S. sshs ~ Jns.
DO Is to call for il. The failure q stahi
st aas ~ Sy.s the Tay X but r tsnpor
high reputation. Ii Is an established
institution and was simply caught BY the
prsh hlsb ea onsy s,ch y 5as now
while at Chicago I ordered the ma
chinery for. the coal bunkers Of the cofn-
ties ties lately purchased Of the Seattle
warehouse q Terminal Company at West
Seattle. The machinery will be shipped
Z 4. ,capscity Of handling between 500 and
to load golfers in quick time.
shpments 81 sos to e San Franeisc ns about
s 5 shs srsas
between Seattle and San Francisco for
the present There are no steamers to
be purchased Just now. believe how
ever, that after the war in the Philip
pines 10 over, which II only a matter Of
q short time, we win be able to secure
suitable steamers at q very reasonable
cost.
"PIans for the new bunkers have been
completed and work will commence Inn
mediately. We shall remodel part OF the
wheat warehouse at West Seattle for
the handling OF coal. The bunkers will
be 400 feet long by 40 feet In width. The
coal will be stored on the second floor
of the elevator, thus using space which
is now OF no avail. The wheat will be
conveyed from the north end of the ele-
vator to the ship, while the coal convey
ors will be located at the south end.
The wheat capacity of the elevator will
be but slightly diminished.
work on the mines is progressing rap
idly. A new opening on the vein has
been made, which Will give us an In
creased capacity. BY January, i we will
which will be Increased to 1000 tons per
Mr.. Guerin says that the East Is very
prosperous; that the main difficulty Is
that in all Industries there is a great
plethora Of business, orders being piled
high. 1t Is almost impossible to get ma
terals and products on rush orders. Se-
attle,s financial credit In the East Mr..
fSliarfn said IA Al. y