Lancaster daily intelligencer. [volume] (Lancaster, Pa.) 1864-1928, 1889-05-18

TIE OREGON PACIFIC RAILROAD
COMPANY is organized for the purpose OF
providing tho state of Oregon with an urgently
needed means of communication with other
states and foreign countries by means OF n rail-
road from YAQUINA BAY on the Pacific Ocean,
running through the central portion Of the state
to the eastern boundary thereof, a 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-
suuction aud projected.
YAQUfNN BAY, from its commanding geo.
graphical position and the scarcity of ports on
the Oregon seabonrd, is destined tohc the future
great seaport of Oregon, for, among others, the
following reasons:
First-It is the ONLY FORT IN OREGON ON
THE SEA connected by ~ railway with tho
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
agricultural district of Oregon, and the Villa
nettc River NJ Albany, gathering business to
bo delivered at the port of Yaquina.
Third-Thc distance to the Pacific Ocean from
the heart OF the Willamette valley by the ORE
CON PACIFIC RAILROAD Is only Y miles,
while by the way of Portland and the Columbia
river II Is 30 miles to the sea.
Fourth--it is the terminus Of n railroad
trHVCsing an agricultural country Of ursur-
passed fertility prod9Ins miIl1ns d , o, bushels r
cultural products and supporting herds of cat
tie, sheep and horses. The railroad also passes
through country rich in deposits of coal. iron.
gold and silver and for nifty miles, through one
of the finest bodies OF timber anywhere IN the
world. Tho timber district has been preserved
TO this time by the absence OF needed railroad
facilities.
ern and eastern Oregon viii be carried by the
OREGON PACIFIC RAILROAD COMPANY
To laquina, aud distributed from that port IN
about Onc-holf the time consumed, ana NJ about
onehaf the cost for transportation charged by
| any other existing OF projected lines.
OREGON PACIFIC RAILROAD, and the large
business that will come TO IL, as its line Is
City, and there makes connoct4on with the
present trsnscontincntal lines as well as Others
to be completed, demonstrates that iaquina
Bay L. 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
| pcls all roads crossing oregon over Its eastern
border to enter the state at or near the point dc
t"rmined as rs eastern terminus by TIE ORE
With adequate ocean shipping facilities 10
| handle the traffic there would now be available
from the heart OF the Willamette Valley to
the sea the distance by the Oregon Pacific rail-
road is but Y miles, while the shortes, line by
! other roads is 30 miles IN length which will
| enuhle the OREGON PACIFIC RAILROAD TO
| hold the business against competition As dis
tancc and time add to the cost Of transportation
! II is simply an impossibility for competing lines
TO handle the bnsincss az the same rate as Is
| COMPANY. Central Eastern oregon being
| trccless country Will draw Its timber and coal
! supply nom along the line OF theolkFtpN IA
! CIfIC RAILROAD In the Cascade Mountains.
! The supplies of timber and coal will be taken
East on the trains going to The great fertile
plains Of that district for agricultural products
! TO be delivered at the port of fa9uina, thus Sc
curing tTalhc each WY Ih,S gives, without
| ROAp the romunerative local business, and
will enable II to do through business ut prices
The OREGON PACIFIC RAILROAD COM-
| PANI will locate and own the towns along the
| line of its road, and reap the benefits resulting
from innii mil hr,h 10 "
| the companys line runs and is located arc
owned by the company and amount to over
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
! properties of the company.
The Company has In operation l36 miles Of
continuous road, at the end OF which II 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 ls.D steel ralls
| tor completion of the road, together with fas-
| Jennings, have been purchased,
The hve millions of bonds now offered are the
| remainder Of the total issue of fifteen millions
/ THngemeut between the Railroad Company and
| MeSsrs. Barker Brothers 4 Co., of fhiiadelphia
the proceeds of these bond are held ny tiat hIih
| to be paid to the Railroad Company only hs the
| work of construction progresses.
| OREGON PACIFIC RAlLROADCo',
By L. HOGG, President.
NEW YORK, 18th May, lssa
| The undersigned will receive SubScrlptlons ton
! for the aforementioned FIVE MILLION DOL
/ LARS is5,OOOOOol per cent Gold bonds ot the
/ oregon Pacific Railroad Company AZ par ana
| accrued interest.
! The subscriptions will he opened at 10 O'Clock
ON Thursday, MaS q. and will close at IL O'Clock
| on Saturday, May -, but the right Is reserved
| to reject any and all applications, or To close
! the subscriptions at an earlier date and TO allot
! "a smaller amount than applied for,
! Payment to be made lOper cent at the time
/ OF allotment, 40 per cent June To- and the bal
anCe of Is per cent. ON July IL interest To be adj
] Iusted TO date of final payment when the bonds
| will he delivered. Payments may he nnttcipa-
| ted IL desired, and Interest will be allowed
| thereon at q per cent,
COPIES OF the Articles of incorporation and of
| the tgage have been deposited with the un-
| dersigned, from whom forms of application may
| he obtained.
BARKER BROTHERS & co.,
l25 South 4th st., Philadelphia.
MANHATTAN TRUST co.,
4