The New York Money Behind the Squak Valley Line

In this community, like in all others, there are a number of those individuals who are best described as doubting Thomases—people who profess to believe that no one tells the truth or keeps promises except themselves. Ever since the Seattle, Lake Shore and Eastern Railroad announced, on the authority of Mr. Henry Crawford, of New York, that they intended to build a railroad from Seattle, by way of Squak Valley, to Snoqualmie, these doubters have professed not to believe the statement.

Finally, when the company paid Dr. Smith $1,500 on the purchase price of his claim at Smith's Cove, they still declared that amounted to nothing. But the last evidence that they mean business took place yesterday. Some months ago the Seattle, Lake Shore and Eastern Railway Company bonded a coal mine in Squak Valley belonging to L. B. Andrews, agreeing to pay therefor $40,000. Yesterday morning the New York banking house of Jameson, Smith & Cotting, the financial agents of the Seattle, Lake Shore & Eastern Company, placed $10,000 to the credit of L. B. Andrews in Dexter Horton & Co.'s bank in this city. Mr. Andrews was notified that the money was there awaiting him, and it is needless to say he is a happy man. The remainder of the purchase price of the mine is to run for three years, at six percent per annum. This mine is on the line of the proposed road to Snoqualmie, and will be opened and operated by the company.