The state rights democrat. [volume] (Albany, Linn County, Oregon) 1865-1900, 1870-07-08
EXIT THOMPSON. AINswoRTH

/
that Company to Mr.. Holladay for
consideration, stated to be $40, 900.
| This retiring West Side Company
has been in existence over three years
It's inspiration was J. CASTOR. It.
heavy men were r. r. Thompson, s
G. Reed, I. F. Cartee, Goldsmith &
Co., J. G. Ainsworth, w. s. Ladd and
G. NJ. Carter. These men are oil sup.
posed to be capitalists, suppositior
that finds strong support-if any 9th.
er than their own representations tc
the Committee on Railroads is neces.
sary-in the subscriptions of stock
that they made in the West Side Com.
pany, which, two years ago, aggregated
50, 800 or $500 each.
And now since this West Side Com
pany has taken leave of the public,
and its chief manipulators have retir-
ed from the conspicuous positions that
they have occupied, common gratitude
and custom demands tha. we shall re.
member and magnify to the uttermost
the little good they did. The stage
upon which the curtain has just drop
ped was not remarkably busy one.--
The distinguished capitalists prin,
cipal achievement, to use slang
phrase, was " fuss and feathers. -
They went to work, building q Rail.
road, very much as the Chinese go in.
to battle-with stink pots and gongs.
And if they failed, still they are emit.
tied to the credit Of having raised O
deal of smoke and of having provok-
ed marvellous noise, which, after oil
when We look at the names of the
heavy stockholders, is a thing much to
their credit.
The manner in which these men
originally possessed themselves of the
organization of the Company, and the
subtitle intellect that they displayed in
''the secret agreement" are not proper
matters for eulogium and therefore
shall not be mentioned here. How
ever Indifferent the use, for Railroad
purposes, was that they made of the
organization, it is not to be disputed
that there was o magic in the way
they used it to make subscriptions
come. With it they smote the pock-
cts and granaries of the people of
Washington and Yamhill counties, as
Moses smote the rock and forthwith
there gushed forth a stream of small
change, -four, oats and other country
produce. They coveted the land
grant, but they did not get it. This
was unfortunate. Had they got it they
would have had more to sell, and
having more to sell might have aehiev-
ed "a bigger thing"
They persuaded many persons to
ignore all ether circumstances and
support them because they were of the
"West Side" and induced q belief
among citizens of the West Side that
they had been "robbed" of the grant,
"sold out" etc.. and though robbed"
and "sold out" were hyperbolical
then, the people of the West Side are
doubtless capable of knowing wheth-
er or not they are now literally true.
The distinguished capitalists have Civ
en- unmistakable indiees Of both
shrewdness and sense, in getting into
the company and in getting out of it.
The former was the inspiration of gen.
ius, the latter the deliberation of wis
dom.
It seems that the time in which the
first section of the West Side road is
to be completed is drawing to a close,
and it was necessary to raise S50, 900
to get the road ready for the ties, an
eastern contractor being ready to fur
nish iron and complete the work after
80 much was done. But windy deela-
nation was one thing and hard cash
quite another. The YamhiIlians had
ceased sowing wild "oats" and hadn't
Eaith to cast their -four upon the wa
Ter in the hope that after some days it
would return. Even Mr.. Edwin Rus
sci, the genslemanly manager of the
Bank of British Columbia, probably
lid not feel encouraged to go and
see his uncle" and ''try to enlist
aim in your fGaston'sI enterprise, /"
his former visit to that relative, while
n London, not being of the most sue
,essful character in that respect
Even the London agent to sell bonds
seems to have been unequal to the
an unaccountabie circum-
tance when it is known that he was
Q have the enormous sum of .5,O ,OOOl
or his services, if successful. Where
ore it was evident that if $50, 900 was /.
orthcoming the distinguished capi- !.
alists" would have to produce it,
hero was the rub. Capital is SEN :
tive" I'VE give Mr. Sim. Reed the /
OF quoting him) and there r