Lewiston teller. [volume] (Lewiston, North Idaho) 1878-1900, 1879-07-04
The Transfer.

The Oregonian of the eth has the
following elucidatiop of passing railroad
events:
1t is now known and may be stated
that arrangements for the transfer have
all been completed Should they be
by the purchasing par
ties as agreed and expected, the trans.
Ter will be effected on Monday next.
The present owners, however, do not
dispose of their whole interest. Though
the major part of the stock passes into
other hands, the present owners main
tain their connection with the compa
ny, and the management will be con
'lnued FOR the present. and perhaps for
an indefinite time. in their bands. The |
corporation known so long as the Ore
gon Steam Navigation Company will
not be dissolved, nor will the name be
abandoned or superseded il any of the
arrangements. In all appointments
and details the work Of The company
will continue as heretolore. The trans
fer will carry with it the entire prop
cry Of the company. its bosts on the
! Columbia and Willamette rivers, its
dock, ana its railways, ineluling six
sevonfhs of the Walla Wala railroad.
its real estate at all points and its whole
rights and franchises Fall descriptions.
The rated value of ;he property is
known only to th,se i,nme lately con-
cerncd in the transaction; but Of curse
such property is 10; rated at any
4 snail sum 1t must te named By mil:
lions.
1t ma be taken as certainty that
( the designs of the company heretofore
formed as to railways for connec ion #
differ Mt parts Of the countr7 with The
upper river and already partly carried
into effect. will be pushed with renewed
v'gor. Surveying parties for these
local railroads are actively at work In
many places The Inc from Whitman
. station to Weston IS now being graded
> and the track 81 be laid as soon as
: POSSIBLE. The branch towards Dayton
. it may be snppoael, will not long be
: delayed, Movements a'so indicate thai
! the company will build roa into the
: Palou>e country. reaching part o
that country not within the line Of tn,
Northern Pacific. Core 'rning tn;
d through line t. Suit Lake there is AZ
n vet no dcfnite information to be given
5 1t may be stated, h 'wcrer, thoneh CT
= NJ yer; ro>i'ive authority, ttat there i
some durability that the road will b
:. pushed across the Blue mountains an,
q into Grande l'onde valley by the en-
g of next year.
II Some apprehension ha b en- felt e,
!. the change in the O. s n Co. nigh
u affect somewhat seriously the interest
y Of the Northern Pacific railroad. 1t
4 the purpose Of the Northern Pacifi
y. management to 'uild from Snake rive
!, To Pen dOrile lake AS $ non as the iro
can he furnished and shipped h re, an
the Columbia river NUT be its cham
y Of TRANSFORMATION Portland has dee
= interest in this matter. because its hol
i upon the trade OF that country lppeut
" on the existence of friendly relation
- between the two conn snies. or cnurs
C the Pen d'OriNla division Of the Nortl
III ern Pach" could not now be built an
m o Grated if the management Of the {
s.. Co.. were hostile to it. Constru
ton of the Northern Pacific would ha,
u to begin elsewhere. and p riland won
~ lose its place as the depot of that pa
re of. the interior penetrated by lis lin
~ To reassure those who have any solc
10 tudc on this subject il may be state
rs that the transfer o: the o. s. n. G
IN will not inirriously affect the Northe
" Pacific. Equitable rela,irns. favorah
nd to both the companies and the count
all ut large. will be continued Eve
matter of this kind is understood
NO have been provided for and settled
he far as possible. It may be added h
ere there are signs which point to the
re- troducton Of new and powerful fore
he into the affairs OF the Northern Paci
.ge Vanderbilt now controls continue
of lines Of railway from New York to
nd Paul. He is at the head Of the M
70 powerful railway combination in t
ras world 10 til Northern Pacidc he C
The most certainly look for the consnmn
es, ton OF the remainder Of his plan Of
entire line across the caGsinent
,oj would. besides, be 10 accord with {
extent and sagaciiv If his nperata
Northern Pacific stock has been bouG
% very largely for some time past;
sei whom is not yet known. since the ST.
Mr. has nowhere come to the surface.
=. Vanderbilt is getting it in the matter
YER explicable. His name connected W
H. ortnrnr;rn wnt,lI n,nlln I, a h.,