The Corvallis gazette. [volume] (Corvallis, Or.) 1862-1899, 1894-03-09
THE OREGON PACIFIC.
It Is Asserted that Col. Hogg
Will Buy the Road.

The San Francisco Call of the 2d, inst.
movement of Col T. E. Hogg, but no infor-
nation obtsinable here serves to confirm
the statements from the call:
"Down at section 4, of the seawall is a
steamer that is guarded by deputy sheriff,
who keeps lonely watch over her day and
night. It is the Willamette Valley, at one
time the property of the Oregon Pacific
company, but at present no individual
person or incorporation holds title to her.
The vessel is plastered with nearly $685.
600 in attachments, which is more than her
intrinsic value.
'.At local hotel, there has for some
weeks past resided one T. Edgerton Hogg,
ex.receiver of the Oregon Pacific company,
but now best known as a citizen OF wealth
and aff1uence of Philadelphia.
''The creditors of the Oregon Pacific are
eagerly watching the steamer Willamette
Valley, Sheriff McDade is marking the
movements OF the creditors, 7. Edgerton
Hogg il taking notes on the actions of both
sheriff and creditors, and the United States
marshal is more or less interested in all.
A new and complicated knot has been tied
in the tangls of affairs of the Oregon Poetic.
ut was expected that Sheriff McDade at
. very near date would offer at public auc-
tion the attachment.plastered steamer to
the highest bidder. Now it comes to light
that owing to marine claims and mortgages
filed on the vessel in Oregon, the sheriff
would find himself in serious difficulty if he
followed out the demands of the Oregon
Pacific company's creditors. The attached
property will probably have to be turned
over to the United States marshal to avoid
further litigation.
"Bst the figure that T. Edgerton Hogg
cuts in the case is by far the most import
ant of any. Mr.. Hogg has been in San
Francisco for no other reason than to see
what chances himself and a number of other
eastern capitalists have to buy in the Ore
een Pacific when it is offered for sale, as it
will be, on the first of June. Not only this
but HoeR claims that he has receivers certi-
fcates against the Oregon Pacific company
which entitle him to the first claim against
the willamette Valley.
"While atting as receiver for the Oregon
Pacific company Hogg, together with trio
of speculators, purchased the steamer in the
east, brought her around the Horn and then
sold her to the Oregon corporation, receiving
part payment in cash and part in certificates
which have never as yet been hquidated.
SIT must be admitted that Oregon people
are of the opinion that if the Hogg crowd
should again get control of the road it will
be much better for the people of that section
of the northwest and also of San Francisco,
for in that case the Yaquina route will
again blossom forth as an active rival OF the
Southern Pacific.
'Just how Hogg expects to make his
claim to virtual ownership of the William
cite Valley stick has not been made public,
consequently number of our local mer-
chants are not feeling at their best over the
gloomy prospects of realizing anything on
their claims against the steamer.
1T is asserted on good authority that the
Hoges would, if they again gained possession
of the Oregon Pacific system, operate it i'm
mediately on much improved plan"