Lancaster daily intelligencer. [volume] (Lancaster, Pa.) 1864-1928, 1889-05-23

THE OREGON PACIFIC RAILROAD
COMPANY is organised for the purpose OF
providing the State Of Oregon with an urgently
needed means of communication with other
states and foreign countries by means OF a rail-
road from YAQUINA BAY on the Pacific Ocean,
running through the central portion of tile 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
struction and projected.
YAQUfNA BAY, from It's 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 reasons:
First--lt is the ONLY PORT IN OREGON ON
THE SEA connected by n 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
agricultural district of Oregon, and the VILLA
mette River at Albany, gathering business to
be delivered 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 II Is $50 miles to the sea.
Fourth--It Is the terminus of n railroad
traversing an agricultural conntry of ursur-
OF grain annually and large yields OF other ngri-
"so .,
through a country rich In deposits OF coal iron,
gold and silver and, for my 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
Finh-The whole business OF central, south
| ern and eastern Oregon VIII be carried by The
| OREGON PACIFIC RAILROAD COMPANY
TO Yaquina, and distributed from that pori, In
! about onc-half the time consumed, and 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
| bus mess that Will come 10 IT, as It's line Is
| pushed further eastward, until 1t reaches Boise
| City, and there makes connection with the
present transcon tinental lines as well Ms Others
| To be- completed, demonstrates that Yaquina
Bay Is to be the future great seaport Of oregon.
| The iopography Of The eastern portion OF the
| pels all roads crossing Oregon over It's eastern
border to enter the state at near the point dc
| CON Pacific RAILROAD COMPANY.
With adequate ocean shipping facilities 70
handle the traffic there would now be available
sufficient business TO meet all the hxed charges.
| From the heart Of the willamette Valley TO
the sea The the d distance by The Oregon paeifle raii
enable the OREGON PACIFIC RAILROAD TO
| tance and time add to the cost OF transportation
IL Is simply an impoSsibiity for competing lines
done dc t by the s"e oREGoN PAcIFIc T RAiiRoAD b
| COMPANY. Central Eastern Oregon being n
trceiess country Will draw Its timber and coal
| supply from along the line OF the OREGON PA
| CHIC 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 iaquna, thus re
interference, the OREGON PACIFIC RAIL
| ROAD the remuneTatiye local business, and
T enable @ y to dS 'hr9nTh @ business ne a, prizes
The OREGON PACIFIC RAILROAD COM
| PANi will locate and own the towns along the
line OF its road and reap the benefits resulting
| thcrcirom. The principal lands through which
the company's fine runs aud is located are
nine hundred and iiny thousand acres. More
| than threc-quarters Of these lands are open
rolling plains and Immediately available for
tillage.
The franchise confers exceptional advantages
on the Company, ana 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 lB miles Of
| continuous road, at the end OF which IL enters
the timber tract above referred TO 30 miles are
In ne m hands Of me SoasLGction bepSTtinent
| Valley are ready for rails, The whole line VIII
be completcd by the autumn Of lsso. steel rails
for completion of the road, together with fas-
Jennings, have been purchased,
| The IiVe millions of bonds now offered are the
remainder OF the total issue Of fifteen millions
provided for In the mortgage, and by an ar
| Tangement between the Railroad Company and
| Messrs. Barker Brothers n Co., of Philadeiphia,
the proceeds Of these bond are held by that firm
To be paid to the Railroad Company only as the
work Of construction progresses.
oHEtoN
by I. r. ioGG, President.
NEW YORK, 18th May, 1883.
The undersigned win receive subscri ptions
for the aforementioned FIVE NJ MiLLION DOL
LARS is5U0(JD o per cent Gold bonds Of the
Oregon Pacific Railroad Company at par and
accrued interest.
The subscriptions will be opened at 10 O'Clock
on Thursday, May - and win close at ~ O'Clock
| on Saturday, May y, but the right is reserved
| 10 reject any and all applications, or To close
the subscriptions a. an earlier date and TO sllo'
| q smaller amount than applied for.
| Payment TO bc made 10 per cent. at the time
| of allotment, d per cent, June -, and the bal
OF Is per cent. on July II interest 10 be ad
| justcd to date Of iinal payment, when the bonds
! will be delivered. Payments may be anticipsi
ted II desired, and interest win be allowed
| thereon at per cent.
| Copies Of the Articles OF Incorporation and o
| the mortgage have been deposited with the un
dcrsened, from whom forms OF application may
| be obtained.
BARKER BROTHERS & CO..
l25 South 4th st., PHILADELPHIA.