The daily morning Astorian. [volume] (Astoria, Oregon) 1883-1899, 1894-12-02


tatlon Of being most active in the rapid
and wonderful advancement Of that city
and its leading hotel the II. ]. Kimball
house, remains monument to his en-
terprfse.
AS the Telephone pulled out, Capt.
crang footed a joyful toot on the big
whistles, and the crowd answered from
the dock with ringing cheer,
Mr.. &c. L. Bonner partner OF Mr.
Hammond, is party to the contract
ana was represented by the latter gem
tieman, who held his power Of attor-
ney, Mr. Bonner having gone directly
to Missoula, Montana, from this city
lest Week. Both gentlemen are well
known to members Of the subsidy COM
mittee, and are reported to be. very
wealthy men. Their experience in rail-
road building is confined to couple OF
local branches of the Northern Pacific
In Montana, but their success In these
enterprises, which were really difficult,
established them with envlable repu
taltions in that line. 1t is probable that
the Union Pacific and o. r. and N. will
have equal traffic arrangements with
the new Gobel line as already arranged
with the Northern Pacific, and it is to
meet the receivers of the two first
named that takes Mr.. Hammond to
New York,
1retto,,,t,,o, 90 +ha cont fract as signed
by Mr.. Hammond and the committee:
This agreement, made at the City Of
Astoria, this first day of December,
"A. d. 1894, by and between E. L. Bon
ner and A. %. Hammond, of Missoula,
state of Montana, party of the first
part, and Alfred Kinney, ]. Q. A.
Bowlby B. VanDusen, John C. Dement,,
Frank J. Taylor C. II. Page, James
W. Welch, j. A. Fulton, Walter c.,
SmDah, John Adair, George Hill, Charles
w. Shively, C. 4. Thomson, e. A.. See
lev. d. X. Warren, II. B. Parker, G..
Wingate, w. G.. Howell Georges w.
Sanborn, s. D. Adair, an dPerry Trul-
linger, known as the Committee OF Di-
rectlon, comprising the party of
the second part, and the AS
torla Savings bank, a corporation
duly organized and existing under and
by virtue of the laws of the State Of
Oregon, having Its principal Office and
place Of business in the City of Astoria,
State of Oregon, party 'Of the third
part, wltnesseth;
Whereas, a large number of persons
having decided land in ClaItsop County,
oregon, to the third party, as trustee,
Exhibit "a" hereto annexed is a gen.
eral form Of each of the deeds by which
said conveyances were made0 and
Whereas, said party of the third part
has received said property, as trus-
tees, and Is authorized to use the same
to aid in the construction of a rail-
road from Astoria, or Astoria and Tan
zy Point, or Flayel, to a connection with
a transcontinental railroad; (Exhfbit
"B," hereto annexed, is a general form
CT the authority given0 and
Whereas, said party of the third par,
has received conveyances under the
foregoing trust of the lands described
and appraised in Exhibit &C" hereto
annexed, and expect to secure convey
ances OF other lands for the foregoing
trust purposes; and
Whereas, the party of 1.-THE second part
is the party referred to in said Exhibit
"B;" and
Whereas, the first party proposes to
build n railroad hereinafter described,
and all the parties hereto have agreed
and do hereby agree that for so doing
he shall have all of said present and
future acquired lands, which are here
matter called the subsidy; and
Whereas, the party of the second part
for the government of its business, and
to enable 1t to perform the duty 1t had
the power to perform, 1t lawfully en-
acted a bylaw, of which Exhibit -"
hereto annexed is a copy;
Now, therefore, the parties hereto, in
consideration of their mutual agree
ments and promises, do hereby prom
ise and agree as follows:
FItst--The party of tthe first part
hereby agrees to construct standard
guage, single track railroad, from
point at or near the east end of the
bridge line Of the railroad owned by
the Seashore Railroad Company, In AS
toria, Clatsop County, Oregon, Through
the city, along the north waterfront
thereof, thence easterly along or near
the south bank Of the Columbia river,
to a point Of connection with the Nor
thern Pacific Railroad, or some other
Iuilroad, constructed and running cars
into the city Of Portland, at or near Co
bel, in Columbia County, state of Ore
gon, on or before the SOth day of Octo.
ber A, d. 1896 subject to the condi-
tions hereinafter mentio ed,
Second-'rhe first party, except as here
matter provided, further hereby agrees
and promises to commence actual work
on the said railway Within four months
from the date Of this agreement. The
commencement" Of work in good faith
shall be considered actual work on the
road-hed.
The said first party further promises
and agrees that from the date - com,
Of the said work they win
expend, except as hereinafter provid-
ed, the sum Of at least Fifty Thousand
Cs5o.OOM Dollars per month in cash. in
the carrying on Of said work, or in fur
materials for the said road. to
be used In the construction thereof.
and actually delivered upon the work.