Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1883-11-09
PACIFIC COAST.
4 New Railroad Mortgage.

ASTORIA, Nov. IA very lengthy
mortgage was filed to-day in the Office
OF the County Clerk, from the Oregon
ana California Railroad Company of
the nrst part, the Farmers Loan and
Trust Company of the second part, and
PEBBLES. HopkinSon i BuchaH of the
third part. The instrument recited the
circumstances attending the organiZa-
tIon OF the comps ny. and the gift of
lands TO aid IN the construction of its
lines of railroad. including line from
Portland TO Astoria, via McMinnville.
and amorG other fa,ts set forth that the
company propose to complete its rail-
road from point at or near Forest
Gfove to tide water, at or near Astoria:
and that the trustees have been author
tied 10 execute a second mortgage of
fIo,UUu per mile, in addition TO the mort
gage OF x0,OU mile. already executed.
therefore the Oregon and California
railroad Company issues bonds, Sc
cured by the instrument in question,
dated May 70, 1888, on all the railroads
or said company, constructed and to be
constructed. including that from Port
land to Astoria, the rolling stock and
other property of said company of every
description, except the lands granted by
the United States to aid In the construc-
ton of said railroads. The company
covenants with the trustees that il shall
proceed with all reasonable dispatch to
complete the read from Portland to
san FRANCISCO, but is silent relative to
any work on the Astoria and Forest
Grove road. The instrument bears the
signatures OF many London and New
York magnates. There are nineteen
documents In all. The mortgage was
executed May 18th, and copies have
been travelling around Europe and
America ever since. The last signature
bears date of October 18th.
Merchants Losing Faith.
SAN Francisco, Nov. Strangely
enough no answer has been received to
the dispatch sent to representatives of
the Northern Pacific, inquiring as to
the attitude of the road on the question
OF competition for California trade.
There is growing suspicion among the
merchants that the stand taken by the
road shortly after adjournment Of the
conference held here has changed con-
siderably. In a number of cases they
are disposed to lose confidence in the
promises of speedy relief, and are be-
ginning to look to renewal of special
contracts. Others are content to wait
for an official statement showing ex-
actly the position assumed by the
Northern Pacific before taking any ae-
ton.
Down Sound Notes.
PoRr TOWNSEND, Nov. 8.-Capt. lib
balls is having piles driven along the
of his water lots in front of
the Custom House.
AS an indication of the way property
has gone up in value in Port Townsend.
1t may be stated that three lots which
brought $50 three years ago have Just
sold for $140O.
Frederick Crozier, a we'll known and
reliable citizen of Clallam county, AYERS
that he caught silver salmon in the
Dungenness river the other day that
had concealed in its interior a SO gold
piece.
Chinese may Land.
San Francisco, Nov. S.-Judpe Hoff-
man, of the United States District
Court. decided today that the Chinese
VINO went to China prior to the passage
Of the Restriction Act, are entitled to
land.
Mining stocks.
SAN Francisco, Nov. 8.-Alpha 165,
Belcher so, Best Belcher 345, Bodie oon-
,olidated, 30, Bullion %, Cuba Is, Chel- |
lar 2, Consolidated Virginia As, Crown
Point /, Eureka consolidated 4, Ex-
,hequer 40. Gould and COwry l45, !
Grand Prize %, Hale Narcross l75.
Mexican 270. Opher 355, Overman 20,
Potosi 20, Savage 20, Sierra Nevada 2S5,
Union $50. Utah l40, Yellow Jacket 35. |
shipping Intelligence.
PoRT TOWNSEND, Nov. S.-Arrived-t
Schooner Una.
Scholarship Detroit.
PoRT BLAKELY, Nov. Sailed
Campbell.
San FRANCIsoo, Nov. s. Arrived
steamer Walla Walla, from Seattle.
schooner Vesta, from Columbia river. |