The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1910-08-20
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P-I $40
THE SEATTLE pos,
$4,000 ACRES IN |
|| KIRKLAND TAKEN |.
FOR HOME SITfsl
Property on Which Great In
dustrial Plant Was Planned
Changes Hands 1
2 MILES OF LAKE FRONT /
Story OF the Great Western Iron and
Steel Company That Was to Have
Made Seattle a Rival Of Rttsburg
Recalled By Sale OF Tract
2 MILES OF LAKE FRONT

Memories Of the spsctseuisr cssssr OF
Leigh 3. J. Hunt. mGker OF millions and
7 partner OF emperers. and OF the oreai
Western Iron and steel Company. that
( was to make Seattle a rival Of Pitts
\ burg. are revived b. the sale Of a tract
F., OF seoe acres on TIE east aide Of Lake
I Washington. BY the kirkland Develop
Y ment Company. 20 Burke q Farrar. one
[ OF tho most prominent real estate firms
I OF this city. This sale ia not opiy TIRE
/ largest real estate transaction of the
/ past six mouths, but also the largest
( sale OF acreage IN OF near Seattle svss
made In the history Of the city.
TIVE MILES ss wss.x Brsas
The tract take. in the two miles Of
lake water front from Juaniss BAY
I south 10 Houghton. and sxtsnda Inland
/ ahRat a mile and a half including
about 5000 let's IN the city Of Kirkland
several brick buildings and residences
I within the corporate liraits. and the
I property at and near the King county
ferry landing A large part Of IL com
mands sweeping view of the lake
and Is within sasy reach OF the city By
I the ferry. tbs Anderson Company beats
and the Northern Pacific. Ths .ax-
/ pressed intention OF the Northern Pa
/ cite 20 Install gasoline motor trains on
/ this read wtthir the next ntnsty dmys.
cutting the present running time In
4
already good transportation facilities
I This. with the excellent beat servlcs
will make kirkland the shipping point
for All tho prodnos Of this section. as
all OF the state aud county roads OF
tbs district center At tnis point
Price Close 20 Half . miIiiem
No statement OF the exact amount
paid b. Burke Farrar has seen
made. but those IN a position 70 know
say that the consideration was close
70 tSoe,eoo. u is Understood that the
propsrty Is 70 be placed on the market
Immediately In garden tracts and resi-
II 10 some twe1ty ysars slaes this
property has been AZ all active or STAGE
any concerted effort las been made 20
sell 10. nothing much Having been done
since the collapse Of the ors@t western
Iron and steel Company z. is9a
Some % the older residents OF Seattle
VIII remember tho start OF this com
p.ny promoted BY Leigh s. ] Hunt.
With whom we're associated Peter KIRK
yscoo Furth. Russsli A. Aigsr. W. "
Williams and a. A. Noble This COM
pany vas started In 1891 upon a firm
.insneial footing. ana over a million
ooiLxrs we're spent upon the project All
machinery and equipment for "a I'm
menss blast furnace vas bought ana
Asseuelsd on the mound. butlstnrs
were erected. and construction work
pushsd with ue0r. the weekly pay roll
OF me -orkruen amounting to ti1.oeo.
Started to Bald Railroad
A wharf on Juanita bay ana a rail-
read from there 10 the plant we're
started to transport the iron ore that
was 20 be secured from the Denny
mines. Gle Eilum and British Cofunnbta.
The plans called for plant far ahead
OK anything then existing In rIttsburz
one that would at once have put Seattle
In the forefront OF the iron and steel
Industry. There was talk OF a number
OF smaller manufactures. attracted By
the prospect OF cheap pig iron. a
woolen mill was started. aud the tow \
grew 10 about q thousand population.
while real estate doomed ard a gen.
eTaI ar on prosperity psrvadsd tho air.
vsnishes In Panic of .isps
Then. IN 1874. came tho failure Of.
Barring Brothers. the second iarxest
banking firm Of London, Carrying wfth
" In tbs wreck banks and business an
terprisss all over the world. and among
them the Greet Western Iron and gtssi
COMPANY. The sxpsnsivs machinery
that hs1 been gathered together vas
sold. the large force Of worfmsn nsi,-
cd away the buildings we're left 10 M.
elements. and all that remained was the
-.ooO acres OF land. Though Inactive
THIS lana has become more and more
valuable With the groyth Of Bsattia
me settlement OF the eastern shores
OF Lake Warrington with permanent
ano summer homes, and the upbuiidink
Ing, until today IL 10 ths i.st trsef ~
any considerable size within az hour 81
the business district Of the city.
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