Lancaster daily intelligencer. [volume] (Lancaster, Pa.) 1864-1928, 1889-05-20

THE OREGON PACIFIC RAILROAD
COMPANY Is organized 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 rail-
road from IAQuINA 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 Ia
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 reasons:
First-It 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 W,dn-
metto River at Albany, gathering business to
be delivered at the port of Yaquina.
Third The distance 10 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 80 miles to the
Fourth-It is the terminus Of a railroad
traverslng an agricultural country OF ursur-
sssd Srsh er saI millions Tas IS, o, bushels
cultural products, and supporting herds Of cat.
tie, sheep and horses. The railroad also pnsse.
through n country rich in deposits Of coal, iron.
gold and silver, and, for nifty miles, through ono
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.
Finh-The whole business of central, south
crn and eastern Oregon Will bc carried by the
OREGON PACIFIC RAILROAD COMPANY
to fnquina and distributed from that port, in
about one-half tho time consumed, and AT about
one-half the cost for transportati lon charged by
any other existing or projected lines
oh rhs 6Ssnsss ,mnmsdaieIy available to the
business that VIII come to II, as It's line is
pushed further eastward, until II reaches Boise
city, aud there makes connection with the
present transcontinental lines rs well as others
70 be completed, demonstrates that laquina
BAY TX 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-
termincd as It's eastern terminus by the ORE
GoN PACIFIC RAILROAD COMPANY.
handle the traiiic there % would i now be % available
sufficient business to meet all the ixed charges
From the heart Of the Willamette Valley TO
the sea the distance by the Oregon Pacific rail-
road is but ~ miles, while the shortest line by
other roads Is 20 miles "a length, which viii
enable the OREGON PACIFIC RAILROAD to
hold the business against competition As dis
lance and time add To the cost of transportat ton
IL Is simply an i'm possibility for competing lines
to handle the business at the same rate ms IL
done by the OREGON PACIFIC RAILROAD
COMPANY. Central Eastern oregon being a
supply from along the line of the OR EGoN PA
CHIC RAILROAD in the Cascade Mountains
The supplies Of timber and coal Will he taken
East on the trains going to the great fertile
plains of that district for agricultural products
To be delivered At the port of Yaquina, thus Sc
interference, the OREGON rA1IFIC RAIL
ROAD the remuneratire local business, and
viii enable 4, 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 Its road and the benefits resulting
thercfron The principal lands through which
the conpany's line runs and Is located are
owned by the company and amount 10 over
nine hundred and nifty thousand acres. More
than three-quarters Of these lands are open
rolling plains and Immediately available for
tillage.
The franchise confcrs 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 EB miles Of
continuous road, at the end Oi which II enters
the timber tract above referred to 20 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 viii
be completed by the autumn Of 1899 steel rails
for completion Of the road, together with fas-
Jennings have been purchased,
The hye millions of bonds now offered are the
remainder OF the total issue Of nfteen millions
provided for in the mortgage, and by an ar.
rangcmcnt between the Railroad Company and
Messrs. Barker Brothers a Co., OF Philadelphia
the proceeds Of these bond are held by that nrm
to be paid 10 the Railroad Company only az the
work Of construction progresses.
OREGON PACIFIC RAILROADCO.,
BY I. r. HOGG, President.
NEW YORK, 18th May, 1859.
The undersigned will receive subscriptions
for the aforementioned FIVE MILLION Dol
LARS is5,OD.Oooi per cent. Gold bonds of the
Oregon Pacific Railroad Company at par and
accrued interest,
The subscriptions viii bo opened at 10 o'clock
on Thursday, May y, and vii close at u o'clock
ON Saturday, May ., but the right IN reserved
IN raip IA and all apull,sgt pT a ,slpEa
the subscriptions at AN earlier date and To alot
"A smaller amount than applied for.
| Payment to he Inad" 10 per cent. at the time
of allotment, a. per cent June II, and the bal
ancc of o. per cent. July II interest To be ad-
| iusted 10 date Of final payment, when ting bonds
will be delivered. Payments may be ahtictpa-
ted II desired, and interest will be allowed
thereon at per cent.
| Copies Of the Articles of Incorporation and OF
the mortgage have been deposited with the I'M
! dersigned, from whom forms OF application may
be obtained.
BARKER BROTHERS & CO.,