The Albany register. [volume] (Albany, Or.) 1868-18??, 1880-09-24


way and NavAKaGAOn
5 been called to the re-
OSt Attention issued JAN 80, 1880. by
~ - HAole ctrculg President of the o. R. &
:. wizard, stockholders OF the Co.
fhe IS circular, the net earnings
nes owned in Oregon by
for the six months ending
,ggregatc &Gs9. .s64 60. By
ued moro recently, we are in
the net earnings Including the
anti for the first six months OF
egate total OF $1,625. 600. But
,nly to do at present with the cir
=. January last. The President says
these earnings we shall be enabled to
the interest on the proposed issue Of
100000 al. mortgaged bonds, and a
ividend of 10 per cent. on the $4,000. coo
.fstOck. AS the President says, thee is
not probably another transportation COM
pany in the United States that can show
sn favorable a statement. And the Prrsi-
dent assures the stockholders that the pros
pects of the company tor 1880 are even
more promising than the results for the
last six months of 1879. The statement is
made that the products of the country
tributary to tile Columbia river were SO
great that the boats were unable to trans
port all of it, and freights left over at the
time OF sending put the circular, estimated
at from so, 600 to $4,000 tons, would yield
to the company at least &25O,00O to be
earned during the early months OF the year
when down freights are usually scarce.
This is princely showing for the o. r. &
N. Co., and indicates that the producers of
Eastern Oregon are only charged the
moderate sum of between 81 and So per
ton to get their wheat down to Portland
The next feature OF the circular, is the
statement that the Northern Pacific, that
220Afuiles of standard gauge
railroad, from the mouth of Snake river in
q northeasterly direction 70 the foot of Bit
ter Root mountains, s' will he direct
feeder TO orr river line, :" and I" will have to
depend altogether upon rs for transporter
tion facilities up and down the Columbia
river That is to say. the o. r. & n.
Company, owning the portagcs on the
Columbia river, the gateway of Eastern
Oregon, and having nearly completed at
this time a line of railway from Cello to
wallula tthe most difficult navigation on
the Columbia being between these two
poinesA cOmmands the transportation OF
Eastern Oregon, and can charge whatever
price it may please the company to de-
mand, in freigbts and fares, from the peo-
pie, or from any company that may have
the audacity to attempt to build lines oi
road to compete with it in the carrying
trade of that vast and productive country
Is, the point plain enough to the reader
But we have not the space in this issue
to notice all the brilliant points of this cir
cnlar, and therefore hasten TO give the
grand eliminating point at its close. AnC
here it Is. in the exact language of The cir
cular, orly italicized by us:
ss Moreover. as the growing importance
of Oregon and Washington render certain
the construction of new through lines from
the East within the next few years, it t1fLl
be our policy to meet amy and MI of these a
stch points as tCiH PREVENT the estGb
tisftRy Of opposing interests in oar territory. ,
In effect, this powerful monopoly declare.
its complete ownership OF the whole grand
country east OF the Cascades, and that It:
policy will be, as heretofore pursued BY
the Oregon Steam Navigation Company
which proved 50 disastrous to the settle
ment and opening up OF the vast and rict
agricultural districts tributary to the
Columbia and Snake rivers, to keep out al
competition IN the carrying trade, thu.
enabling Il TO charge such exorbitant rate.
for fares and freights rs to practically XII
on all productive industry.
We call the attention of onr people Il
the statements in this circular, because ",
conceive them to be direct threats agains
the greatest interest of the State and ad
joining TerTibories-the agricultural in
tereEt It is . threat against cheap fare
and freights. which are only to l,e secure,
by the construction of opposing lines @
transportation. And we hold 1t to be th
duty Of our Legislature, now in session a
Salem, TO enact such laws as shall effect
ualIy prevent tflegreed Of monopolies from
so taxing the agricultural interests of tn
State as to imPoverish and par.lyze tn
hand of fndnstgy.
Among the numerous bills offered il
the Legislature, Is one or more 20 reduc
40 go - tn... ransu,tz. fslarI.a ar,.a ssn,s.aa.