Evening capital journal. (Salem, Or.) 1888-1893, 1890-08-13
THE MOTOR LINE,
Proposals of the Company to
60 Ahead,
100000 FIRST MORTGAGE BONDS
t-a
To be Taken by Salem ana Sill
vertOn---WOrk to begin
in 30 Days.
tIs, IA
Prospectus Of the Marion County
Improvement Company's Pro-
posed Railway From Salem to
SiIverton.

posed Railway From Salem to
Silverton.
SALEM AND sILVERrON MOTOR LINE.
The Marion County improve
ment Company have prepared a
prospectus setting frr'h the plans
and purposes Or toe e., nip ny. In
an interview with Gen. Odell we
learn the fact that the company
has {. tered into an agreement.with
respoD 'ible parties to place he COM
pany'S bonds amounting to $780,
600, ou5 of a total issue Sl50,0O0, con-
dtiono on the proposition that the
citizens of Salem and Silverton take
thirty bonds amounting to $4,000
at par.
These bonds run twenty-five years
at six per cent per arinum ard are
non taxable.
The company does not ask n bonus
of $30, 900, but ask the citizens Of Sa-
lem and Silvefton to show their APP
probation of the enterprise by in
vesting $50, 900 in good securities.
THE PRosPECTpso
iss sued by the company and upon
which General Odell has secured as
surances of eastern capitalists is
printed below. WGcommend, it to
the careful attention of our capital
lists and the Marion county Improve
ment Company are to be cOngratu-
lated upon having got their arrange
ments all completed and ready for
the people of Salem and Silverton
to act.
FINANCIAL PROSPECTUS or THE SA-
LEM AND sILvERToN MOTOR
AND BELT LINE.
Salem is the capital of the state of
Oregon and the county seat Of Mar
ion county, situated upon ,he east
bank of the Willamette river, and
located about midway between the
Cascade and Coast Range noun
tains. 1t is the second city in the
state, and is centrally located in the
richest agricultural district of the
Northwest, with ample water power,
easily controlled, and capable of in
crease to any desirable extent
Silverton is thriving village of
seven hundred inhabitants, and the
center of an exceedingly fertile dis
rtrict. 1t is located fifteen miles
north-easterly from Salem, on Sill
Yer creek, Il stream large enough to
furnish water power for any re-
quired amount
Its supply of timber for lumber
and fuel is practically ineXhaust-
able.
Between the towns of Salem and
SilVertOn is one unbrOken eXpanse
of the richest hop and garden lands.
Within three miles Of Salem; these
lands now sell for from twWor three
hundred dollars per acre, and
through the building of our road |
nearly all of the lands betweeen the /.
two towns will, undoubtedly, ber
come equally valuable, 4tr a.. .
The garden, fruit, hop aud milk I.
products Of these lands, we eX-
pect to be al important source Of
business tomy road passing through
them. r4,.,a -
The Marion County hnprovement /.
Company, proposes tootconpoett the I.
two cities of Salem aud Silverton ON
Il line through these lands by stan
dard guage railway, to be laid with /.
fifty pound steel rails. The distance 1
between the depots is fifteen miles. /.
The grading and bridging will be in /
expensive, as will be seen by the es-
innate of cost shown below. Right |
of way for the whole distance, with /.
necessary land for side tracks and /
depot grounds has been secured. /.
The cities Of Salem and Silverton I
have, by suitable ordinances,
granted the right of way over and |
across all suitable streets; and the
right to traverse and use all necess- .
AIRY highways has been granted by /
order Of the county court.
The Company proposes to con.
struct also five aud one-half miles .
O! street railways, to be of like .
standard gauge, and md with forty .
pound steel rails, which connecting /
with the main line, cncircling the .
city of Salem, 50 as To secure the /
greatest possible business, and at
the same time to best enable the .
Company To distribute the fuel, fruit .
and freight to the various state
pullulhss' manuioclorles, cunnerles, .
etc, etc.
The estimated cost of the line from
salem 10 Suverton, a- made bY,a
thoroughly competent engineer is
as follows.
Grading 100 90
bridging, culyerls and cat
tie guards l,9O1 90
CrSs Ties. 2,Sl6, 6NS in. 8
leet, a. 23 cents GlI 6S
fitty-pound steel rails
aud lhsteniugs .-. 1850 OO
Track laying ------.. 800 Oa
ballahllng road bed $685.. SO0 00
Rolling stock aud motive
power $500 90
station houses, slsnps,