The Corvallis gazette. [volume] (Corvallis, Or.) 1862-1899, 1894-12-07
THE OREGON PACIFIC.


THE OREGON PACIFIC.
Montana Railroad Men Looking Over
the Road-There Will Be Bidders.
Mr. Stone and A. B. Hammond, Of
tho wealthy firm of Bonner, HAM
mond & Co., of Missoula, Montana,
who recently went over the western
portion of the Oregon Pacific from
Albany to Yaquina, returned yester-
day from tour of inspection to the
front. They have been, Investigating
the condition Of the road, and it Is
believed will be bidders at the ap-
preaching sale.
AS the time draws near for the sale
of the Oregon Pacific railroad at Cor
wallis there is reason to believe that
several bidders will be present, ready
to buy the property. December 22d
is the day set by the court for the
sale, it seems now that the uncertain
ty attending the final disposition Of
the road will soon be ended.
Mr. HammoEd's reason for getting
control of the road is not known, be-
yond the suppositiOn that he believes
it would be good investment. Wal
lis Nash, of Corvallis, who was iden-
tjfied with the building of the road,
chase. Recently q party Of English
gentlemen made trip over the road
as his guests, and this is presumed to
have considerable significance. Will
liam M. Hoag, the former manager Of
the Oregon Pacific, has come up from
San Francisco TO Albany, and it is
believed he will also represent capital
at the sale as bidder.-AlbanyH Her.
aid
Speaking of Marcus DAILY, with
whom it is supposed these men are
associated, a gentleman just returned
from Montana said yesterday: "If
Marcus DAILY makes up his mind to
take hold of the o. P. something will
b3 done. DAILY spent $75OOG0 in the
effort to make the town of Anaconda
the capital of Montana. Anaconda,
geographically ard otherwise, is about
as appropriate for the capital of that
state as Monroe is for county seat Of
Benton; but Marcus DAILY owned thir-
teen miles square of land around An
| aconda and has plenty of money, and
when the votes were counted out of
| $4,000 he lacked only LOO of carry
ing the state house over to his burg.
Among other electioneering devices to
| which he resorted, he. surveyed rail-.
Iodu llHtS lIOHi AHdNOHud " etSIy
section of the state, leading the people
| to believe that the roads were to be
| built, and in turn they voted for Ana
conda to be the capital. 1t will be a
| great day for this country If he be-
comes interested in the Oregon Pa
i cific'
The presence in Corvallis of William
NJ. Hoag and Wallis Nash Tuesday,
| led many to. wonder if their coming
was an omen that the Hogg faction
, were to bob up with a bid for the
road on the 22d of December. They
left for Albany in the afternoon with
| out having shown any sign of de-
! sire to again sit in the ministerial sad
! die of the old road.
! x gentleman who desires his name
| withheld, referring to the railroad Sit
uation this morning said: 'T have
positive assurance that there will be
a bid made for the o. P. at the COM
ing sale. The people need not expect,
however, that it will be fancy price.
Men who think of buying the property.
are deferred from paying a fancy
, figure by the realization that there
! must be an enormous outlay of money
! in an extension of the line before the
property will pay good interest on the
investment. People from whom l
have assurance that there will be a
bid, have plenty of means, and if they
secure the property their first move
will be to extend it." The same party
expressed a belief that there was an
influence in the sale abroad, that, for
selfish purposes. opposed successful
sale of the property.-Corvallis Times
KEEP IT AT HOME.-There is an
immensity of Oregon money sent out
over the mountains and even across
the oceans that might and ought to be
kept at home, where it will get back
into and circulate through the various
ch2nnelS of trade. One item alone
is little surprising in it's magnitude
Very few would think that over $780,
600 went out to foreign companies
last year in the shape of insurance
premiums, yet such is the fact, and
the prort sition at once suggests itself,
how much better it would be if this
money were kept at home. And to a
large extent it might be. There is no
necessity for sending out dollar for
ordinary insurance SO long as the peo-
pie have an Oregon company Of
strength and reliability to carry their
risks. This they have in the State
Insurance company, Of Salem, COM
posed of many of the strongest men
in the state, company whose poll
cies are as good as a goldbearing bond
and whose every interest is to do a
clean, honest business with the neigh.
bors and friends who are it's patrons.
The proper thing to do for an Oregon
ian who is seeking new insurance or :
renewing old policies is to find an
agent of the State and leave his pre-
miums at home