Lancaster daily intelligencer. [volume] (Lancaster, Pa.) 1864-1928, 1889-05-21

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 n rail-
road from YAQUINA BAY ON the Pacific Ocean,
running through tho central portion Of the state
10 the eastern boundary thereof, n distance Of
about six hundred miles, where connection win
he made with the railroad line already built to
that point, as well rs with those under con-
struction and projected.
YAQUINA BAY, from It's commanding geo
graphical position and the scarcity OF ports on
the Oregon seaboard, IN destined to be the future
grea, seaport of oregon, for, among Others, the
following reasons
First--It is the ONLY PORT IN OREGON ON
THE SEA connected by a railway with the
great agricultural districts In the state.
Second-THE OREGON PACIFIC RAIL
ROAD crosses the four north and south lines of
railroad i'm the Willamette valley, the great
agricultural district Of Oregon and the Villa
mette River mt Albany, gathering business TO
be delivered at the port of iaquina.
Thrd--Thc distance TO the Pacific Ocean nom
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 It Is 30 miles to the sea.
Fourth-lt is the terminus Of u railroad
traversing an agricultural country of ursur-
Of grain annually and large Yields Of other asri,
tie, sheep and horses. The raiiroad also passes
through IL country rich In deposits Of coal, iron,
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
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 port, in
about one-half the time consumed and al about
one-half the cost for transportation charged by
unN ttnnrn ~ Ia ipnl lr N,rati iRsl
The business Immediately available to the
OREGON PACIFIC RAILROAD, and the Large
business that Will come To IL, ms Its line IL
pushed further eastward, until IL reaches Boise
city, aud there makes connection with the
nresen. .ranssontiasm,a, lnes as % Tcl as others
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
pcls all roads crossing oregon over Its eastern
border TO enter the state at or near the point de-
Con PACIFIC RAILROAD COMPANY.
With adequate ocean shipping facilities to
handle the traffic there would now be available
sufficient business tn meet all the xed charges.
From the heart OF the Willamette Valley to
the tea the distance by the Oregon Pacific rail-
other roads IL 30 miles I'm length, which will
enable the OREGON PACIFIC RAILROAD to
hold the business against competition. As dis
tance and time add To the cost of transportation
II Is simply an impossibility for competing lines
70 handle the business at the same rate a. T. =,
| COMPANY. Central Eastern oregon being u
trecless 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, the trains going To- the great fertile
To bo delivered at the port Of laquina, thus Sc
| curing traffic each way. This gives, without
ROAD the remuneratiye local business, and
viii enable 1t TO do through business at prices
that Will command Its ful share Of that affc.
The OREGON PACIFIC RAILROAD COM-
| PANl will locate and own the towns along the
| lineo Its road, and reap the Dement'S resulting
thcrefronl. The principal lands through which
the cOmpany's line runs and II located are
owned by the company and amount 10 over
nine hundred and hny thousand acres. More
| than thrce-quarters of these lands are open
rolling plains and Immediately available for
| tillage
| Tie franchise confers exceptional advantages
on the Company, and among them IL the return
10 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 II enters
| the timber tract above referred To 10 miles are
| in the hands of the Construction Department,
| and 10 miles of roadbed through the Malheur
| Valley are ready for rails. The whole line will
| be completed by the autumn Of lS1 Steel rails
for completion OF the road, together with fts-
| Jennings have been purchased,
| The fye millions Of bonds now offered are the
| remainder OF the total issue Of hftscn millions
provided for in the mortgage, aud by an ar,
| rangement between the Railroad Company and
Messrs. Barker Brothers a Co., Of Philadelphia
IN. proceeds OF these bonds are held by that firm
| To be- paid To the Railroad Company only as the
| work of construction progresses.
| OREGON PACIFIC RAILROADCO.,
| BY T. f. HoGG, President.
NEW YORK. 18th May 1883.
| The undersigned will receive subscri piions
| for the aforementioned FIVE MILLION DOL
| LARS ts5,Oco,OJJi 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 y, and viii close at ~ O'Clock
| on Saturday, May o. but the right Is reserved
| To reject any and all applications, or tn clOss
| the subscriptions at an earlier date aud tO allo
a smaller amount than applied for.
| Payment 20 be made oper cent. at the time
| OF allotment, a. per cent June H. and the bal
ance Of d per cent. ON July II interest To be ad
| justed To date of final payment when the bond
| will be delivered. Payments may be anticipa
| ted II desired, ana Interest VIII be allowed
thereon at per cent.
Copies oil the Articles Of incorporation aud %
the Iuortgag. have been deposited with the un
dcTsigned, from whom fOfIns Of application MAJ
be obtained
BARKER BROTHERS & CO.
l25 South 4th St., Philadelphia.
MANHATTAN TRUST co.,
l0Wall st., New York.
mylslwd
Attcrurpa.