Omaha daily bee., 1883-01-04
Facts About tho Oregon Pacific.
(Oreponl Correspondnnca

Portland (oregon) Correspondence
At q time when Oregon enterprises
stand so well in the money markets OF
the world, 1t would be strange if some
unreliable schemes should not be de.
vised here to empty the plethorie
purse of the pubic Of the east. Years
ago "Ben" Halliday pursued q reck'
less course la connection with railroad
building in Oregon. He soon FOR
fei.ed the respect of capitalists and
fastened disgrace on our state. The
result was prejudicial. It required
all the financial genius of MI. Viii
lard, ten years later, to restore con.
idenoe and enlist cepital to prosecute
his present successful enterprises. We
can not again afford to permit our
good Ename to suffer opprobrium.
When at Seattle a few days ago, on
Puget Sound, l met a lady of high
standing, lately returned from New
York, who questioned me concerning
the Oregon Pacific railroad. She in.
formed me that her friends at the east
were investing in the securities of that
corporation. One person had invested
500 600, she said, and other friends,
who could ill-afford to lose were in,
tending to purchase of the same. My
opinion of the corporation was plainly
expressed, and elected such aatonish.
ment that it may be we'll for all east
ern investors to know.
THE FACTS REGARDING THE COMPANY.
The Oregon Pacific scheme or en-.
terprise proposes to connect the In
terror cities of this valley with tide
water on Yaquina Bay, 60 to rs miles
distant, promising to develop there an
important seaport and create another
outlet than the Columbia river for the
commerce of the Willamette valley, so
giving the farmers of the upper coun-
ties a nearer, cheaper and more con-
venient shipping point and resulting
competition. OF course, this. scheme
was hailed with enthusiasm by valley
producers. Flattering promises have
been made and broken year after
year. Even the people most directly
interested are disguised with this
falsehood, though SEINE work is CON.
stantly done and small progress made.
Not knowing where the money come.
from, we had q belief that great rail.
road capitalists had the matter In
hand and would push 1t through.
Fresh inspiration Is given It by ths
fact that q leading journal, for soms
occult reason, lately sent a brillian,
correspondent to the spot. He dc
plotted its progress and possibilities IL
glowing terms, and the ease with
which Yfquins bay could become /,
safe entrance and capacious harbor fol
the navits Of commerce. The schem;
of the Oregon Pacific railroad is, afteI
reaching the Willamette river ant
connecting with valley towns, to pusl
eastward owe the Cascade mountains
through Middle Oregon to Bois,
City, In Idaho, to meet there a trans
continental road, with which to form
a connected liue from ocean to ocean
In the near future a great seaport i
TO bloom on Ysquina Bay-the western
terminus OF this new system of cont
mental roadr-whence good steamer
shall ply the ooean coastwise and t
Asia, aud gather In the wealth G
Ormus and of Ind" I have merel
sketohed here, without hyperbole, tn
magnioenoe of promise held out b
these projectors Z
This enterprise, if feasible, posses
ses unusual attractions. But tn
success of this enterprise, as must b
apparent, depends upon the possibi
ity of developing
AoooD HARBoR AT yAoUINA BAY.
If ships cannot enter there nc raj
road can create commerce there o
! which to pay interest and make div