Pullman herald. [volume] (Pullman, W.T. [Wash.]) 1888-1989, 1910-01-21
TRANSPORTA-
TON AFFAIRS

commenced clearing terminal
grounds at Aberdeen, preparatory
to the construction of its depot.
The Chehalis city council eX-
tended the time in which the Twin
City Light e. Traction company
may get cars in operation into
that city to July 10 next, other
wise its franchise will be re-
vOked.
The V. V. & +. railway has call
ed for bids for the construction
of two sections of its line be-
tween Abbotsford and Hope, and
it is beliv2d that the Hill inter
ests intend closing up the gap be-
tween Abbotsford and Princeton
as rapidly as possible.
Statistics compiled by the state
railway commission indicate that
there are 1,240 miles Of new track
age under construction, or in pros
pect for 1910, within the state of
Washington. There were com
pleted during 1909 an aggregate
Of 600 miles of road within the
state, affording an aggregate APP
proXimately 4 400 miles Of main
tracks.
The Great Northern has com
menced construction upon its new
depot at Odessa, erecting a build
ing 112X30 feet.
The Bellingham Terminal &
Railway company, a subsidiary
corporation of the Bellingham
Bay 4 British Columbia, has com
menced laying rails on its inshore
line at Bellingham.
The Chicago, Milwaukee & st.
Paul is closing deals for right of
way along Lake Occur d'Alene
for Its line into Spokane.
Bank Notes.
Bank of Kamiah has incorpor-
ated at kamiah, Idaho.
The United States National
bank Of Portland, increased its
capital stock to 100000.
The Cotton State bank. Cotton,
has declared an annual dividend
of 10 per cent, and added $500 to
its surplus fund.
The new Bank of Stanfeld,
Oregon, has opened for business.
Its cement block building will be
completed within a few days.
Receiver G.. w. Waters. of the
State bank, Of Palouse, has de-
clared a dividend of 20 per cent
to creditors. The liabilities Of the
institution amount to $4,000, in
Guiding deposits of 100000
G. G. Mitchell formerly heavy
stakeholder in the Farmers &
Merchants bank, North Yakima,
has interested eastern capital in
the establishment of a new bank,
which will be opened on the west
side in March, giving North Yak
ina a complement Of six banks.
The Seattle National bank and
the Puget Sound National, two
prominent Seattle institutions,
have effected consolidation,
which was consummated the first
of the year, under the name of the
former institution. The new Seat
tie National carries deposits of
$4,000, 900; capital and surplus,
81 100000 and combined resources
of approximately $20,000000.
Deposits in state and national
banks of Washington, Oregon and
Idaho on November Is aggregated
1923, 597 900, the loans and dis
counts $218,238, 900, and the cash
and the exchange, $119,082,000,
or a reserve Of about 80 per cent.
According to figures given in the
Financial Record Of Seattle, the
banks of Washington had deposits
of $187195,OO the highest mark
ever attained, and a gain Of $685.
100000 since November, 1908.
Oregon banks had $l04,1l2,000 in
deposits November 16, an increase
of $19,000,000 in the year. Loans
increased from $52,375,0 900 in No
yember, 1908, to $63, 540,OO0 in
November, 1909. Idaho banks had
total deposits of $37,290,0O0, an
increase from $26,559,00O on Sep
TENDER %, 1908. Loans aggre-
gated $2S,231, 900, an increase
from $40, $4,000 on September %.
1908.
Mines and Mining.
The big plant of the Skookum
mine, near Roslyn has commenced
grinding ore.
Fifty thousand dollars is being
expended in development work