The daily morning Astorian. [volume] (Astoria, Oregon) 1883-1899, 1889-05-14
THIRTY THOUSAND DOLLARS.
That Amount Was Pledged Yesterday.


promptly responded with a subscrip-
ton of ten thousand dollars. He also
stated, in addition, that if required, in
case the company built a road down
to Tanzy Point, he would donate one
hundred acres of valuable land and
half a mile of water frontage there.
Mr.. John A. Devlin, president of the
road, added another subscription of
five thousand dollars to the amount
already subscribed by him.
Ex-Mayor Trullinger upon being
interviewed put his name down also
for $1,000.
1. W. Case, upon being solicited,
took block of stock for the same
amount, $1,000.
Geo. W. Hume was also seen and
subscribed the same amount, $4,000.
d. K. Warren, who was over from
Skipanon, in addition to his subscrip-
ton gave eighty acres of valuable
land.
This, for one afternoon, was not so
bad.
Pledges of $4,000 cash and gifts of
$50 acres of land and half mile more
of water frontage, in addition to that
already conditionally promised, en-
couraged the committee to persevere in
the good work.
They will continue this morning, and
it is but the exact truth to say that in
no way can anyone who owns property
aid themselves and make their prop
erty of greater value than in respond
ing literally to the solicitations of the
committee.
Mr.. Crosby has also secured pledges
of several thousand dollars from
those who had already subscribed to
the capital stock of the company.
IT'S AN ABSOLUTE NECESSITY
To raise this hundred thousand dol
lars.
It will be remembered that in the
| course of his remarks at the meeting
Saturday night, Mr.. Fulton said that
he was authorized to state that Col.
Jas. Taylor would give 5000 feet
water frontage-4,O 900 feet on the Co
lumbia river and 1000 feet on Young's
river-on condition that there was
another hundred thousand dollars sub
scribed to the capital stock.
This was and is magnificent offer:
the committee made splendid start
yesterday in securing SO large a per-
centage of the required amount, and
it is for you who read this and all of
us to allow no halt or stumble; no ces-
sation, no let up, till the last dollar of
that hundred thousand dollars is
pledged, which will make success GER
tain.
1t is well, perhaps, to say a few
words here about that 5000 feet
frontage.
We all know its value: continuous
strip of land at Smiths point facing
two inland seas, the key to the stu
alton, with room for docks, wharves,
terminal grounds, etc, facing towards
the objective point of the road,
designed by nature for the very pur-
pose to which it is to be applied.
When railroad men have replied to
inquiries, or inquired about our
railroad prospects here, the
first question has always been:
"wHAT ARE YOUR TERMINAL FACILITIES"
This question SO far, has not been
in shape to give definite or satisfac-
tory reply. 1t is question of prime
Importance.
Let it go forth to the world that the
Astoria & South Coast road has
ample and necessary terminal facil-
tiles, and the standing and spirit of
the enterprise shall have been given
such an impetus as to attract the
respectful financial attention of every
railroad magnate in the land.
1t is not saying too much to assert
positively that the possession of that
5000 feet Of water frontage will be of
more value to the railroad company
to ourselves, who really make up the
railroad company than the possession
of hundred thousand dollars would.
For money cannot always procure so
| desirable, so necessary a factor in
the needs and requirements of a rail
road company as that frontage.
Hence we say, and believe that
every thinking man will agree with us,
that a hundred thousand dollars
would not outweigh in value the fact
of having that frontage, in the eyes of
experienced, practical railroad men
who know its value, and the value of
money, too.
To secure that, all that is necessary
to do is to get 100000 additional
stock.
OF this, $4,000 was promptly sub
scribed yesterday afternoon.
Is it not the clearest of Judgment,
business prudence, financial sense to
Immediately get the remainder to-
gether, and thus make the entire en-
terprise as certain as sunrise?
This is so manifest that it requires
no argument.
There are property owners here,
some of whom have as yet subscribed
nothing, who could easily put down
$1,000, or $4,000, or $1,000, and do the
best days work they ever did in
their lives, in giving themselves a
share in an enterprise that will enrich
themselves and those connected with
them.
And we doubt not there are others
who will be glad of an opportunity to
subscribe $500, or 5000, or 800, or $50
to aid in accomplishing, SO far as they
can, 30 necessary and important re-
suit as the placing on q sure financial
standing the Astoria and South Coast
railroad-the one leading question, the
one sole important matter now up be-
fore us, who are all 30 interested in
/ - IL Id, IL.