Wood River times. [volume] (Hailey, Idaho) 1882-1915, 1884-05-15
WOOD RIVER.
HUGH {. WALLACE'S TRUTHFUL
REPORT OF 1T.

Region Astounding In Mineral, and
Which Already Has \ Large Numbe,
Of Paying Mines-The Country Trib.
utary to Hailey-Etc.
From the Denver Tribune.i
For the past two days the stock
holders and directors of the Idaho (
Oregon Land improvement Compan,
have been holding their third an,.ua
meeting at the Windsor. The bus
mess was completed last evening anc
the stockholders will leave for theil
respective homes day.
Among the latter who have beer
present IN the city to attend the meet
ing are ex-Cnited States Senatort A
Caldwell, President of the Caldwell
Wagon Company, Leavenworth, Kan
sas; Robert f. Strahorn, of this CITY
;. Is. Jones and I.eavitt Burnham, O.
the Union Pacific Railway; Hugh C
Wallace, of Haley, Idaho; Coione
J.. Fl. Crichton, of Chetopa, Kansas
These form
THE BOARD OF DIRECTORS.
with the addition of Thomas A. Mel
lon, General Manager of the Ligonie
Valley Railroad, in Pennsylvania; J
w. Morse, General Passenger Agen,
OF the Union Pacific Railway, and S
+. Taylor, Manager of the Caldwell
Wagon Company, all Of whom were
made Directors at the meeting iust
held.
The active officers of the companx
were reelected by the Directors, a.
follows:
Presidential. Caldwell.
Vice President and General Mana.
ger-Rooert E. Strahorn.
Treasurer-S. B. Jones.
Secretary-Hugh e. Wallace.
The annual reports of the General
Manager and Secretary were received
and approved. Several new projects
for the development of Idaho were
discussed and decided upon, and the
meeting adjourned, subject to the
call OF the President. The next meet
ing will be held in Idaho some time
in August.
INTERVIEWING SECRETARY WALLACE.
Last night reporter for the Trih.
une was admittee to the room of Mr..
Hugh q. Wallace, Secretary of the
Idaho and Oregon Land Improve
ment Company, and drew from him
some interesting information concern
ing the new Northwestern country in
which the company is operating.
'When was the Idaho and Oree on
Company organized?" was the first
question asked by the reporter.
I'VE formed our company in this
city in the month of May, 1884," re.
piled Mr.. Wallace, "and went direct
to Idaho and Eastern Oregon at
once. Our capital is $4,000, all of
which was subscribed for"
"Iell me something about your
work in Idaho"
1--WE established our principal bus
mess office at Haley, which is the
first townsite we acquired. We
bought up land there which cost us
$4,000 and laid out fine townsite."
'What is Hailey?"
''Hailey is the metropolis of the
FAMOUS WOOD RIVER COUNTRY.
which came into prominence about
three years ago as great mining re-
glon. HALEY is the northern ter.
minus of the Wood River Branch of
the Oregon Short Line and has con.
'equent'.y made promising shipping
point. The town is the county seat
ot Alturas county and we are lust
completing a courthouse at the cost
Of $4,000"
"What about the populatione"
"lhe town has 1900 American peo-
Die, and is growing steadily. There
IRE a large number of elegant build.
ngs in course of construction, and
he place is on the threshold of
zig BOOM"
ivy hat are the resources of Hailey?"
"Ihe town is backed up by the
argest undeveloped mineral country
n the United States. don't mean
o say the district is thoroughly unde.
eloped, for it already has developed
hines which produce from $4,000 to
100000 each, per year, and the out
ut'of ore from the region last year
'as S3.OOO,OO0. This year it will
each S5,OoO,0OO."
AN UNTHODDEN MINERAL FIELD.
''In this Wood River REGION" con.
nued Mr.. Wallace, growing enthu-
asst; over the realization of the great |
respect in store for his favorite land. :
there are thousands of miles of rich
ineral belts that have never felt the
cad of white mans foot vet
thin five or ten miles from HALEY 1
'ere are 20 or 80 heavily paving
ines. For instance there is the
inne Moore mine, five miles from
alley, which was sold to Scotch
Indicate the other day for 100000, :.
lsh down. Negotiations are now >
ending for the sale of a group of
ines at Bullion, seven miles from
a.iey, for the round sum of 81 ono