The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1901-04-25
ANOTHER SEATTLE LINE
no INCLUDE BOTH STEAMERS
AND sCHOONHRs.
Lyman e.. Smith the Big Syracuse
Typewriter Man said tn De at the
Head Of IT,

SEATTLE, Aprill6-Lyman g. Smith,
the millionaire Syracuse. n. Y, type
writer manufacturer, Is the head of a
big syndicate of Eastern capitalists
who have about closed a deal for the
purchase of a number of steamships on
the Atlantic coast which are to be used
in the Oriental and Pacific coast trade,
with Seattle as the home por.. III ad-
ditiOn the syndicate proposes to build
i'm it's own ship yards in this city a
number of sailing vessels suitable for
the lumber trade of the Pacific coast
and China, the Hawaiian islands aid
Australia.
In the enterprise 81, 900, 900, 1t is stated
will be Immediately invested ard
enough additional capital pledged to in
sure the success of the synd Gates ope-
rations on very large scale. The
plans of the Syracuse capitalists have
been under way for some time, but the
measures that have thus far )ean taken
have been conducted with the utmost
| secrecy. AS yet no articles of inc l.
! poration of the company have boon fled
| and to that extent, and that only The
enterprise is as yet in an embryonic
! form.
! ]. w. elise, the well-known real es-
| tate dealer and president of the Cham
Der of Commerce, is the Seattle repl O.
sentative of the syndicate. Informed
| by a Post-Inteligencer reporter last
night that this paper was in possession
of the facts regarding the enterprise,
/ Mr.. elise said that the matter was not
| yet in shape to be discussed for pub
! LEGATION, and that no definite details had
! been arranged. He would not make "a
statement regarding the matter.
| 1t is known, however that when Mr..
! Smith, whose investments in Seattle
through Mr.. elise aggregating over ST.
100000 have resulted most fortunately,
was on his last visit here he was much
| impressed with the commercial pros
poets of this city and immensely
pleased with the water front and rail-
| road facilities enjoyed by this city.
! Looking into the future of the trade be-
| tween the United States and the Orient.
| Mr.. Smith saw, it is said, a chance for
the enlargement of the commerce of
Puget sound through the development
| of the commerce of the Pacific, and,
discerning the opportunities for the pro-
! ftable investment of capital in steam
| ship lines and sailing vessels, determn-
ed to return to New York and organize
company for this purpose.
While not all the details of the vast
enterprise are known here, ii may be
| stated in general way that Mr. Smith
has associated with him a number of
| the wealthiest men of Syracuse, N. Y,
and that the combined capital repres-
ented by the syndicate is several mil
lions or dollars. Their plan is to at
| once engage in the shipping business
on the Pacific ocean, with Seattle as the
home port of the company. To this end
| an option, it is understood has been OBJ
tanned on three large steamships which
are to form the nucleus of the COM
panys fleet.
1t Is not known to what extent the
company will engage in commerce with
the Orient, but 1t is understood that 1t
n fal cd 1fae Of
the growing trade with China, Japan
and the Philippines, and will also own
and operate a line of sailing vessels
plying to various points on the Pacific
coast both North and South America.
These sailing vessels are to ne built in
Seattle by the new company Already
negotiations have been practically
closed for the lease, with the privilege
of purchase, of an extensive tract of
water front property at the head of Ell
lott bay, where a large plant is to be
erected and where the sailing vessels
will probably be built