The daily intelligencer. [volume] (Seattle, Wash. Territory [i.e. Wash.]) 1876-1881, 1879-08-17
OREGON RAILWAY ~ NAVIGATION
COMPANY.

The New York american Exchange
editorially says:
The several properties of the Oregon
Steamship Company, the Oregon Steam
Navigation Company and the Walla
Walla Il Columbia River Railroad Com
pany have recently been consolidated
under one management. passing into
tho control of the Oregon Railway and
Navigation Company, The last named
company was incorporated June l3
1879. under the laws Of the State of
Oregon. the incorporators being Henry
Willard. Artemus Ii Holmes, VIM II
Starbuck. James Il Fry. Christian Bors
and Charles + Brcthcrton. of New
York. and II W Corbett, c II Lewis, j
N Dolph. Paul Schulz and II Thielson,
of Portland, Oregon. The capital
stock is S6,0O0,000.
The Oregon Steamship Company is
an ocean line between Portland and
San Francisco. The new company
controls its entire property, consisting
of extensive warehouses and docks at
Portland. and four new first class iron
steamships, having an aggregate tom
mage Of 5000 tons. The Oregon Steam
Navigation Company Is steamboat
line on the Columbia and Willamette
rivers, and OF its $4,000 shares of CAPT
tai stock. the new company owns 49,
600. Its property embraces 2S steam
boats, IL barges and wharfboats. the
two railroad portages on beth sides of
the Columbia river at the Cascades. the
Dslles & Cello Railroad, valuable real
estate, aud $50 miles Of telegraph line
from Portland to Walla Waila The
company owns six-sevenths of the
stock of the Walla Wslla and Columbia
River Railroad. which road runs from
Wallula to Walla Walia, and, with an
extension (under construction of %
miles to Weston. includes . total of 30
miles of road. and also a controlling in
tsrest in the Willamette Transportation
& Locks Company.
The Oregon Railway 4 Navigation
Company proposes to construct about
200 miles Of narrow-gauge railroad,
with telegraph lines. of which about so
miles will DO IN extension Of the Walla
Walls IL Columbia River Railroad from
Wallis Walls, in Washington Territory.
in . northeasterly direction. to Dayton
aud beyond; 100 miles will extend
across the Blue Mountains, from Una
tilla. through the Grande Ronde Val
Icy, in . southeasterly direction. to q
point on the east State line Of Oregon,
toward Boise City. Idaho. and the 70.
mAinder will form new line through
tho so-called Pslouss country, north #
the Snake river.
The line OF road which j. intended 10
Be built to the e>s. State line Of Ore
gou will be in a position Ia connect
with the Utah 4 Northern Railroad.
which Is now building from Ogden TO-
wards Boise City. The Utah & North
srn road is controlled by the persons In.
tcrested in the Union Pacific Il ,ilroad
Company. and by connecting with the
Oregon Railway when the two roads
are completed an outlet 10 the Pacific
Ocean will be given to the Union Pa
cific road independent of the Central
Pacific.
For purposes of construction, the
Oregon Railway 4 Navigation CON-
pany proposes 10 issue and sell first.
mortgage gold bonds. bearing interest
III gold at the rate Of G per cent. per
annum. A first mortgage Of 80, 000. 900.
secured upon all the property. real and
personal. Of the company. has bsen Gre
ated. the Farmers Loan & Trust Com.
psny being the trustee A sinking
fund is to bs provided of per cent
per annum. the payments to begin May
I. 1850. The bonds are offered q, 80.
with . premium in stock. II is said
that the company has successfully
placed . large amour, Of the new
bouds.