The daily morning Astorian. [volume] (Astoria, Oregon) 1883-1899, 1889-02-05
THE SEA COAST RAILROAD.
The New Owners Of the Sea Side,
And III. Probabilities Of Building.

And The PrODaDltitleS Ol DuHulnE.
There is considerable curiosity felt as
to what course will be pursued by the
purchasers of the Holiday property.
Nothing definite in regard to the dIspo-
sition of the property has been decided
upon as yet. owing to the uncertainty as
to whether it would be redeemed or not.
The purchasers are Messrs. Nelson
Bennett, s. E. Larrabee, of Deer Lodge,
Montana; @. Y. Larrabee, of Butte, Mon
tana; and II. Y. Thompson. As the Hol-
ladays and their counsel agreed when
thew we're granted six months in which to
redeem the property, to forfeit and re-
tease all right or title they might have
if they did not make redemption, and as
all the conditions on which the extension
was made have been complied with, the
property passed into the hands of the
purchasers on the 1st instant, and their
title may be considered perfect. Mr.. G.
G. Gammans, the receiver, is preparing
to transfer the stock of the Oregon Real
Estate company to the new proprietors.
The property included in the purchase
comprises 1.620 lots and half interest in
300 lots, all in Holladay's addition to
East Portland, 32E at the o. & G. car
shops, half block at North First and F
streets, the triangular lot at the junction
of North Front and North First, the
Halsey property on Fourth street, near
Morrison, farm of 720 acres at st. Joe,
Yamhill county, the Seaside house and
farm, Clatsop county, 400 acres of beaver
dam land, near Beaverton, and 133 acres
of timber land in Washington territory.
Mr.. Nelson Bennett is in southern Cal
ifornia, and will shortly arrive here. Mr..
n % in Ranfnntru ord no
soon as he returns to Montana, he and
Mr.. s. Z. Larrabee will come to Portland
and then some course will be agreed upon
in regard to what shall be done with the
property. The public, generally, are glad
to know that the property is in the hands
Of men of affairs, who will have a large
interest in the prosperity of this city,
and as a large tract at the east of the
Holladay addition is owned by a syndi-
cate of Boston capitalists, it Is conf
lently expected that there will be devel-
Opments on the east side which will sur
prise the Oldest setttlers.-OregoniGn 4.
The Seaside property is, presuma-
oily, one Of the objective points OF the
railroad from Astoria. Just what at
titude the owners OF the Seaside
House would assume toward the road
has always been matter OF uncer-
tainty and conjecture.
1t has been supposed that road
from Astoria would be a substantial
financial feeder to the hotel. bringing
more people in one day than would
under the old regime get there in an
entire season. 1t has also been sur
missed that the owners OF the prop
erty, with others who have never
looked with favor on this project,
might consolidate interests and start |
a road from Tanzy Point, where Capt. !
Flavel has built substantial wharf
and where the o. R. & N. Co.'s boats
and other steamers could convent. |
emily land passengers.
THE Historian learns from an au-
thentic source and is glad to be able |
to publish the fact, that the present
owners Of the Seaside prope rty, Nell
son Bennett, Messrs. Larrabee and
d. Y. Thompson, who each own one
fourth, are friendly and favorably
disposed to the Astoria railroad pro-
iect, and will be down here in very
short time to open negotiations. It
may be enough to say at present that
these negotiation may result in one
Of two things; either that they will
push the road to completion, in con.
junction with the present board of
directors and stockholders Of the AS
toris and South Coast Railway COM
psny-or they will take the whole
Thing off the company's hands and
build the road themselves.
II they do they will put the road
through In ninety days, and next
summer people by the thousands will
flock down from the heated interior
TO health giving and life renewing
ocean beach.
If the road is built from Astoria,
these people will make their head
quarters here.
Otherwise, otherwise.
As in Sundays remarks, so now.
Just what shall be done depends
upon Astoria property hold
ers. If they hold on to their real
estate till six feet by two is all they
can Individually use, 1t will be bad
for the prosperity Of the town. II a
Just, equitable and progressive spirit
is evinced we will also share in the
mutual prosperity that will result.
With the people rests the solution
of this question, though it does seem
that anyone should need
urging to embrace an opportunity to
go ahead and amount to something.
Some Surface Sentiments