The Portland daily press., 1889-05-21
DIRECTORS:

THE OREGON PACIFIC RAIL
ROAD COMPANY is organized for the pur-
pose of providing the State of Oregon with an ur-
gently needed means of communication with 9TH
er States and foreign countries by means of
railroad from YAQUINA BAY on the Pacific
Ocean, running through the central portion of the
State to the eastern boundary thereof distance
Of about six hundred miles, where connection
will be made with the railroad line already built
to that point, as well as with those under con-
struction and projected
YAQUINA BAY, from its commanding geo
graphical position and the scarcity of ports on
the Oregon seaboard, is destined to be the future
great seaport of Oregon, for, among others, the
following reasOnsi
First-It is the ONLY PORT IN OREGON ON
THE SEA connected by railway with the great
agricultural districts in the State
Second-THE OREGON PACIFIC RAIL
ROAD crosses the four north and south lines of
railroad in the Willamette Valley, the great agri
cultural district Of Oregon, and the willamette
River, at Albany, gathering business to be delv-
cred at the port Of Yaquina.
Third-The distance to the Pacific ocean from
the heart of the willamette Valley by the ORE
CON PACIFIC RAILROAD is only ~ miles,
while by the way OF Portland and the Columbia
River 1t is 230 miles to the sea.
FOurth-It is the terminus of a railroad trav-
| ersng an agricultural country of unsurpassed
fertility producing millions of bushels of grain
annually and large yields OF other agricultural
products, and supporting herds Of cattle, sheep
and horses. The railroad also passes through a
country rich in deposits coal IRON gold and silver,
and, for 30 miles, through one Of the finest bodies
OF timber anywhere in the world. The timber
district has been preserved to this time by the
| absence Of needed railroad facilities.
Fifth-The whole business of central, southern
and eastern Oregon will be carried by the ORE
| CON PACIFIC RAILROAD COMPANY to va
| quina, and distributed from that port at about
one-half the cost for transportation charged by
any other existing or projected lines.
The business Immediately available to the
OREGON PACIFIC RAILROAD. and the large
business that win come TO it as its line is pushed
further eastward until 1t reaches Boise City and
there makes connection with the present trans
continental lines as well as others to be cOmplet-
ed, demonstrate that Yaquina Bay Is to be the
future great seaport Of Oregon.
The topography Of the eastern portion Of the
| State Of Oregon and the Territory of Idaho com
pels all roads crossing Oregon over Its eastern
border to enter the State at or near the point de-
| termined as its eastern terminus by the OREGON
| PACIFIC RAILROAD COMPANY.
With adequate ocean shipping facilities to
handle the traffic there would now be available
| sufficient business to meet all the fixed charges
From the heart Of the Willamette Valley to the
sea the distance by the Oregon Pacific Railroad is
but ~ miles. while the shortest line by other
roads is 230 miles in length, which will enable the
OREGON PACIFIC RAILROAD to hold the
business against competition. As distance and
time add TO the cost Of transportation it is simply
an impossibility for competing lines to handle the
| business at the same rate as is done by the ORE
CON PACIFIC RAILROAD COMPANY. Cen
trail Eastern Oregon being treeless country will
draw its timber and coal supply from along the
| line of the OREGON PACIFIC RAILROAD in
the Cascade Mountains. The supplies of timber
and coal will be taken East on the trains going to
the fertile plains of that district for agricultural
products to be delivered at the port Of Yaquina,
thus securing traffic each way. This gives, with
out interference, the OREGON PACIFIC RAIL-
ROAD the remuneratiye local business, and will
enable It to do through business at prices that
will command its full share of that traffic.
THE OREGON PACIFIC RAILROAD COM
PANY will locate and own the towns along the
line of IFS road, and reap the benefits resulting
therefrom. The principal lands through which
the Company's line runs and is located are owned
| by the Company and amount to over nine hundred
and fifty thousand acres. More than three
| quarters of these lands are open rolling plains
and Immediately available for tillage.
The franchise cOnfers exceptional advantages
| ON the Company, and among them is the return
to the Company, by the State, of all taxes levied
and collected until 1900, on the lands and other
properties of the Company.
The Company has in operation 1876 miles of con-
tnuous road, at the end of which it enters the
timber tract above referred to- 80 miles are in the
hands Of the Construction Department, and 40
miles of rOadbed through the Malheur Valley are
ready for rails. The whole line will be completed
by the Autumn of 1890. Steel rails for compile
tion of the road, together with fastenings, have
been purchased.
The five millions Of bonds now offered are the
remainder of the total issue of fifteen mil lions
provided for in the mortgage, and by an arrange
ment between the Railroad Company and Messrs.
Barker Brothers & Co., of Philadelphia, the pro-
ceeds of these bonds are held by that firm to be
paid to the Railroad Company only as the work
of construction progresses.
OREGON PACIFIC RAILROAD CO.,
By 7. 4. HOGG, President
NEW YORK, 18th May, 1889