The state rights democrat. [volume] (Albany, Linn County, Oregon) 1865-1900, 1894-02-09
THURSDAY
Hadlsr waats sie,e0a on sa,ary-

YESTERDAY ex-Receiyer Iladley sub
mitted his tnsl report as receiver oi the
Oregon Pacific, which ne give below
Tomorrow we will publish the comment
referred to on the situation, which will
be in the line OF the report:
"This being my final report, l beg to
call your honor's attention to the fact
that for my services rs receiver o! these
properties, l have been paid only the
suns OF $4,000, this sum having boen al
lowed me "on account by your order of
July 1898. In this connection | desire
to submit few facts.
First. That entered upon the dis
charge OF my duties as receiver unon the
9th day of March, 1898, and from that
date until January 5th, 1894, period OF
practically ten months have devoted my
entire time solely and exclusively 70 ny
duties as such receiver.
"Seccnd. That to the discharge OF such
duties / brought the accumulated exper
fence OF is years OF consecutive railroad
work, which experience is my capital,
and which has been OF the greatest ben
eft to the property under my charge.
Third | furnished in the state OF
Oregon, bonds to the amount OF $50 900,
and having been appointed by tie state
court OF New Iork, receiver OF the eom-s
pany's property IN that state, also fur
nished bonds there in the sum OF Sl0.-
900.
Fourth That when [ assumed
charge of the property, found il carry
ing a debt in the shape OF receivers GER
tihcates OF $50, 900, in debt to i's employ
ees, for labor, 10 the amount of Sl27 900,
and owing SIS, GOO for material furnished
That by reason of the confidence inspiI-
ed 10y my appointment. vas at once
able 10 dispose of $40, COO OF my certin-
Gates at par, the amount being paid out
to the employees, upon their back pay,
OF which they stood greatly in need.
"Fiith. That by dispensing with
various officials, reducing the salaries
and force OF employees, cancelling con
tracts, and the introduction OF economi-
cal methods OF operation, the properties
have been operated by me at a total
annual saving of about Sl0O, GOO. Twenty
thousand dollars of this was saved by
reductions of force and salaries IN the
general offices, 1880 by recognizing the
San Francisco Office, 5000 per annum by
utilizing the tug in freight and passen-
ger service, $1,000 by substituting wood
for coal under the boilers OF the steam
ship. An average saving also, of - per
cent has been effected in the cost of al
most every article purchased, by the close
attention to the buying OF supplies.
sixth. Prior TO 10 the appoi imeni
Of q receiver the company employed the
| following general officers: A president,
first vice president and general manager,
sacond vice president, third vice presi-
dent and treasurer, secretary and assist
ant treasurer, and that all Of these officers
were continued under the first receiver
q, salaries aggregaiing about $50, 600 an
nually. That personally assumed and
carried on. so far as the Teceiycrship is
concerned, all the duties Of the foregoing
officials.
Seventh That found the property
entirely without insurance, and as the
river and ocean boats were subject TO
extra hazard, and it Was necesssi. that
the property should be insured. That
no funds for the payment Of the premium
we're available, but in spite OF the rules
OF the insurance union. forhidding the
acceptance of anything but coin for pre-
miums, aud in the face OF many diffcpl
ties, finally succeeded in protecting the
property by placing insurance upon - 10
the amount OF 1924 900.
Eighth. have made many aud i'm
portant improvements 10 the property
in the shape OF repairs 10 track. bridges
motive power and equipment. so that
the physical condition of the property IS
fully % per cen: better iban when |
assumed chaIge OF i.
And lastly beg 10 assure your honor
that the successful operation OF these
properties for almost = year. burdeLed as
they were with debts innuEerable, has
involved the most painsiaking care, and
has been accomplished only by great
personal exertion. That numerous seri
Gus complications hare arisen through
the fact that the properties we're no;
earning sufficient 10 pay their operating
penses,-employees have been several
times on the verge Of siriking,-peTsons
furnishing material have teen on the
verge Of refusing further credit. and only
through nv personal exerlioDs, aud the
confidence OF such employees and persons
in the integrity and honesty "f purpose
Of the receiver, have such crtsises been
ayer;ed.
In view therefore Of the above facts,
| respectfully represent TO your honor
that believe that l am entitled to the
sum Of $4,000 as payment in full Tor my
services, and pray that you will make an
order allowing such sum and ordering
it paid from the first monies tina; may be
applicable 10 the purpose that may come
into court or be paid into the hands OF
the receiver"
Very respectfully you're,
Z 4