The Corvallis gazette. [volume] (Corvallis, Or.) 1862-1899, 1884-03-28
EASTERN STATES.
Additional Funds.

New YORK, March 23-The Tribune
says: The Oregon Railway and Navigation
Company shas negotiated $3,OO0,OO0 of its
new issue of bonds through Boston bankers.
The authorized issue,is oyer $l4, ,OO0, 900, of
which nearly 5000, 900 was reserved to re-
lire prior bonds and 81. 2O0, ,O0C to Pay out
standing script certificates. The balance of
,he issue was to have been taken by Barring
Bros. of London, but before the negotiation
closed it was discovered that the recent
law of Oregon relating to mortgages impar-
ed the validity of these bonds. Particulars
Of the present sale have not been made pub
lie. Private dispatches from President
Coolidge received yesterday announced that
the sale had been made and that the COM
pany would proceed at once to finish its
branch to Huntington to junction with the
Oregon Short Line, which has been practic-
ally completed by the Union Pacific railway
About 100 miles remain to be built, but con-
siderable work has been done and it is ex-
pected that the line will be completed be-
fore next fall.
New YORK, March 23-An officer of the
Northern Pacific Railroad Company said
yesterday that the report that Land Com
missioner Lamborp had been asked to resign
was wholly without foundation. ''Lamborn
has been summoned from St. Paul. he said,
''merely to go to Washington He will
furnish congress with needed information
about the land department of the company.
We wanted to submit the best evidence in
our possession against some of the foolish
charges made In opposition to the Co. about
land. We, therefore, sent for our land COM
missioner. Lamborn is regarded as an ex-
cellent and industrious officer, whose resig-
nation would be received with regret
NEW YORK, March 23.-The Suns spec-
ial from st. Paul says: 'Immigration has
begun early and with rush. The North
ern Pacific had twelve cars full of passengers
more than 600 in all, last night westward
bound. A liberal portion were for Wash
ington territory and Oregon. To-night's
train had sixteen cars, that required two
engines to pull it into Fargo"
| Senator Sherman Interviewed.
PHILADELPHIA, March PA Washing
ton special to the Press gives an interview
with Senator Sherman regarding the issues
now before the republicans. This is the
first time Sherman has given his views for
publication this year.
"What will be the vital issues of the can
vass p asked the interviewer.
1.-The tariff and the southern question.
The attitude of the democratic party upon
the economic question, as well as the action
of the present house, has clearly marked
out the tariff as the leading issue, and the
passage of the Morrison bill very sharply
defines the standing of the two parties
upon this question. The republican party
has consistent record in favor of protec-
tion, and it was mistake to have marred
it by the reduction made in the bill passed
by the last congress. Especially is this true
OF the attack made on the wool industry,
i'll which million of farmers are interested
firmly for protection, and leave tariff agita-
tion to the democracy"
Next to the tariff the southern problem
will probably be the most important issue
This question must be boldly met, and the
sooner the better. This year we will have
a new phase of it. There will be an united
south against the business as well as the
political forces of the north Despite their
material interests they will follow a free
trade president and party often against con-
viction. Because of their ambition to get
control of the national administration
There is a strong protection sentiment in
the south, but it will not appear in presi-
dental year, and that section will for a
long time, perhep always, be democratic
l think there will be no difficulty in cary
ing Ohio this year-a good candidate can do
| 1T. L am In no sense candidate and
would not make an effort for the nomina-
tion. A united and enthusiastic party is
more important than one man. Hence I am
for bending every energy for the first pull
pose and am not candidate"
Postal Telegraph Question.
WASHINGTON, March 25.-The house
committee ON Postoffices and post roads met
again this morning to consider the schemes
of postal telegraph. Before they took up
action on the bill introduced by Mooney of
Mississippi yesterday, constituting the
Mackey Postal Telegraph Company the gov
ernment's agent for telegraphy, Summer of
California appeared before the committee to
oppose the bill, and made an elaborate ar
gument, showing the technicle features of
the measure to be more obiectional than its
other features.
This bill was originally brought into the
committee without introduction in the house.
and in manuscript form. This was objected
to by several members, and Mooney, there
fore, introduced it in the house in order to
get it printed, and is not committed to its
provisions.