The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-10-14

Maryland strsst q ~ vAtr front n WEI
Seattle.
TINE MORTUERs PACIFIC ENTEnE1T.
Now as to the interest Of the Northern
Pacific Railway Company In the purchase
Of the terminals described. Last spring
the Post-lnteIligencer published the fact
that deal had been closed between tho
Northern Pacific and the 5e4tsie San
Francisco Railway 4 Navigation Com
pany. whereby the latter would not build
It's projected line to Seattle from the Leary
coal fields, but that Il would operate it,
trains over the line OF the Northern Pa
cinc from Palmer 10 Seattle. known - the
Palmer cut-cK. The terms Of the deal
were not made public ~ that time. These
were that the coal road would advance .
proportion Of the cost OF the construction
OF the new tine. and that the Northern
Pacific would control. but would lease
certain trackaes privileges to the coal road
IN perpstuity. This understanding, which
was kept secret for . long time. and dur
ting the consideration OF the ordnance
granting . franchise to the Guerin-Leary
Company. was made public IT the time OF
President NeI1en's last visit TO Seattle.
Mr.. Nellen at that time confirmed all thar
the Post-InteliigencsT had said relative TO
the relations between the two companies.
AA~s~
bearing upon the Relationship between the
Northern Pacific and the Seattle 4
San Francisco Railway 4 Naviga-
ton Company Is the part played
by C. J. Smith In obtaining from the city
council franchise for the Seattle 4 San
Francisco Railway 4 Navigation Company.
Mr.. Smith actively engineered this matter
at the same time that he was engaged In
purchasing the cream Of 6eAttle's business
water front for the Northern Pacific. This
was last spring. Tho connection between
the Northern Pacific and the Seattle 4
San Francisco Railway & Navigation Com
pany did not escape the attention OF tho
members OF the city council. In fact. there
was at that time disposition on the part
Of certain members Of the franchise COM
mittee OF the council To force the North
ern Pacific to show its hand In the affairs
Of tho Seattle 4 San Francisco Railway =
Navigation Company. The general Ina
preston at that time among the members
of tho city council was that there was .
far closer relationship existing between
the two companies than had ever been
made known.
FACTS THAT ARE SIGNIFICANT.
The facts above recited have given the
business men and railroad oflicials Of the
city ground for believing that the pur-
chase OF the valuable properties and rights
OF the warehouse and terminal company
has been made Ia the interest Of the
Northern Pacific OF course. there IL no
tangible evidences to support this conten-
ton Its truth has never been admitted
by Mr.. Mellen. In fact, the reverse Of the
theory Il asserted at the Offices Of the Sc
attis 4 San Francisco Railway 4 Naviga-
ton Company. Yesterday q representative
OF the company declared that President
Mellen. OF the Northern Pacific, knew MOTH
49, - ~ rh~a - 10 tn~
minal railway and elevator company until
Il has been accomplished.
Although II II probably true that from
the Northern Pacific there will come de-
NAL OF any participation or direct interest
in the sale Of the properties Of the Seattle
Warehouse and Terminal Company, yet on
account Of the close relationship between
the two companies 1t viii require some
thing more than q denial to convince bus
iness men that there Is not something be-
hind the deal In which the Northern Pa
ci,c.s inierest In terminals In Seattle q
vitality concerned. II all that appears on
the surface Of the deal may be regarded
~ valuable testimony. then Mr. Mellen has
duplicated almost every move made Of
late by President Flu. Of the Great
Northern, in strengthening his position In
Seattle.
Mr.. Hill built at considerable expense .
fine system OF wharveS and wheat ele-
vators at Smith cove. Mr.. Msllen, appar-
emily. has secur I'd advantages which may,
with the expenditure OF Z comparatively
small sum. be made equally valuable with
those OF the Great Northern. Moreover,
such . programme. which does not seem
improbable. Will put the Northern Pacific
in position to participate in its own way
In the growing wheat exporting business
OF Seattle. which II now tranacts exclu-
sfveIy through Tacoma
HISTORY OF TERMINAL COMPANY.
In 1859 the Seattle Terminal and Railway
Company was organized by the following:
John Leary Thomas Ewing. Amos Brown.
Thomas Burke. w. f. Bailey. l.. 8. J.
Hunt. Bailey Gatzert. Jacob Furth. G.
Armstrong and r. H. Shaubut. with a cap
ital stock OF approximately $500 900. The
company expended ssso.ooo In building tho
railway across the fats and the elevator
at West Seattle IT issued bonds to the
extent OF ssn.ooa. The Philadelphia Mort
gage and Trust Company secured upwards
OF $ioo COO of these bonds. The terminal
company defauited In It's interest pay
ments and the Philadelphia company fore
closed its ten In 1895. the mortgage tudg-
ment amounting In round figures to yIa5,-
CO. II has since operated the properties
under the name Of the Seattle Warehouse
and Terminal Company. Everett Smith Is
president OF the company and George b.
Ntcoti Is its manager.
II "a understood that the Philadelphia
Mortgage and Trast Company received over
san,t0o for the property which cost 1; a
trine over half that sum-
NOW AFFECTS THE GOVERNMENT
Shortnwe In ErAlxht Gar. MAJ n~l~ -