, 1889-06-20

walch have been among the chief objects
or contention, are TO be taken, when COM
p'tted, into the Oregon Railway IL Navi-
cation Company system, and will be oper
ated as part Of 1T. This will give Portland
direct line to the rich CGur d'Alrne
mines and another line to Spokane Falls.
Inese agreements are based on the ccntin-
uance OF the lease of the Oregon Railway
Navigation Com ,ny's lines to the Ore.
von Snort Line and the Union Pacific, all
the lines to be operated as one system.
rms maintains the Independence OF the
Oregon Railway & Navigation Company
| and assures the best possib results 10
Portland and TIE Northwest.
THE PREfKRRED BOND scHRMR DROPPED.
., A special meeting of the Oregon Il
iransconti dental company was held yes.
terday afternoon, Paul Schulze in the
chair, to consider the question of issuing
lO.OOO COO of preferred stock to Quaran.
tee dividend of 6 per centum per an nu IN
thereon, and to secure this guarantee by
the pledge OF the stock Of the Oregon
railway Navigation Company. owned
by the Oregon Il Transcontlnental Com
pany.
chairman Schulze stated that IL WAS con-
sidered mad visable to issue the stock az
proposed, and on motion, the proposition
was dropped
| THE o. Il. q N. ELECTION.
| In the o. X. g. N. election there vas no
opposition to the compromise ticket and
It was elected unanimously. Willard and
his party voted 1852 ,0O0 OF the 240 600
shares; General Dodge and G. M. Lane,
l2,OOO, and Elijah Smith the rest. Fol-
lowing are the directors elected:
| Chas. Is. Fosdick, V. Munford Moore,
HenryR Reed; Edmund Smith, VIM. p.
81. John, II. w. Corbett, Henry Falling.
w; 5. Ladd, q. Il. Lewis. VIM. McIn.
| per w. Smith.
WILLARD HAD his OWN WAY.
Willard had everything he own way in
the Oregon Il Trans ontin. ulal election.
There we're three ticaets in the field and
his had majority of $4,000 shares. He
voted 2lS,0OO of the 4O0. 900 shares. He
was the owner Of 2l.700 OF the shares he
voted. Appended IL the successful ticket.
Henry Willard, T. II. Abbott, Charles l..
Colby. Joseph s. Decker, Colgate Hoyte,
Charles II. Ropes, G. A. Spotford and
Hector II. Tyndale of New York, T. II.
Bartlett. z. ID. Bellinper. A. ID. Charlton,
). G. Fulton, Nj. G. Hall, Y. II. Prescott,
Joseph Simon, Paul Schulzs and George
ID. Williams of Portland.
General Dodge aud q. NJ. Lane OF the
Union Pacific voted $4,000 shares for
this directory.
II. W. Cannon, G. Il. Fay. Sidney Dill.
lon, Joseph Simon, Charles j. Smith, G.
X. Goodman, s. G., Reed, Samuel Thomas.
James Steel, c. Il. Prescott, Fl. G. Camp
bell, b. p. Cheney, Van Is. DeLashmutt,
Marshall Field, G. b. Bellinger, c. M.
Lane.
The Elijah Smith ticket was the same
as the foregoing except that it contained
the name of Edward Buckingham instead
OF Z. Ii. Prescott. In all, $4,000 shares
were voted for it.
The new Eastern directors are Abbott,
Decker. Ropes and Tyndale. The new
Oregon directors are Geo. II Williams and
i, Il. Bartlett. They take the places OF
Charles Wesley Hansen and 7. II. Tyn-
dale.
The new directory elect the following
officer: President. Henry Willard; vice
president, Colgate Hoyt; second vice pres
ident, Paul Schultz; secretary and assist
ant treasurer, Il. II. 1yndale; treasurer
and assistant secretary, Edward Fades.
OTHER CORPORATION ELECTIONS.
The Northern Pacific Terminal company
elected these directors: Henry Falling.
G. II. Lewis, G. A. Dolph, w. Ii. hol-
comb, Paul Schulze, Charles j.. Smith,
Robert Harris, Richard Koehler and II.
w, Corbett. The new directors are Smith
and Corbett. who succeed Elijah Smith
and Henry Willard.
lr is expected that the company will
take some action in regard to terminal IA.
cllIties in few days. Colonel Charles +.
Crocker, representing the Southern Pa.
cihc company, is In the city. and 1T il ex-
pected that he will confer with the direc-
| tors.
The Willamette Locks & Transporta,
tion Company elected Az directors, Il. l..
Eastman. w. s. Ladd, Joseph Simon, G..
q. L. Williams and J G. Moreland.
The directors elected by the stockholders
OF the Oregon improvement Company are
Elijah Smith, Charles +. Tag. j. Ii. Bene-
dict, II. II. Cook, Fred L.. Ames, w. M.
Ladd, Joseph Simon, j. Nj. Fox, Henry
Failing, G. IL. Lewis, G. A. Dolph
The election for directors of the Oregon
Railway Extension Company resulted as
follows; Henry Failing, q. A. Dolph, w.
II. Holcomb, II. w. Corbett, c. II. Lewis.
The annual election of the Portland x
will be held to-day. Colonel Charles +.
Crocker holds enough stock to re-eect
himself president.
vILLARE LEAVES FOR NEW YORK.
Willard and party left for home yester-
day afternoon. They will visit Tacoma and
Seattle, and then 20 over the Hunt system
and tie .. X. x. N. lines to M oscow,
Idaho, thence to Pullman and from Pull
man to Spokane Falls. They will also 20
over the Paouse branch OF the Northern
Pacific. On their way East they will make
a snort stay at Yellowstone Park. MIR.
Willard expects to be in New York in two
or three weeks.