The Corvallis gazette. [volume] (Corvallis, Or.) 1862-1899, 1894-03-02
ASTORIA'S RAILROAD.
Capital Stock Placed at Three
Millions-A Union Pacific
Enterprise.

| L 1HC oiSSOIIdll vi L SSLSludS
says: "Prospects for a railroad t(
, Astoria were considerably bright
ened yesterday by the incorpor
alton of the Columbia River Rail
road Go. by r. W. Baxter, genera
superintendent of the Pacific dl.
vision of the Union Pacific; A. J
Borie, superintendent of the Ore
| gon division of the same company
and E. s. Van Kuran. The capita
stock is placed at $3,OOO,OOO, di.
vided into 10000 shares of 500
each. The object of the company
as stated in the articles, is to reach
Goble, Columbia county, by a
convenient route to be selected by
the board of directors; build a line
from there to Astoria and Flavel:
branch lines to Tillamook head
and the Lower Nehalem valley
and to the Vernonia coal fields IN
the Upper Nehalem valley. Ocean
steamers will be operatel in con-
nection with the railroad and a
telegraph line will be constructed.
Messrs. Baxter and Borie are
given The power to open the stock
. books, receive subscriptions and
organize the corporation.
THE INCORPORATION EXPECTED.
This latest DEVELOPMENT in the
Astoria railroad question has
been expected in railroad circles
for several days. Ever since
General Manager Dickinson, of
the Union Pacific, visited Astoria
recently, and received a committee
from the citizens who offered the
subsidy, and then returned to
Portland and had another consul
tatlon with the interested parties,
it has been reported that the road
would be built, and work would
b~gin at an early day. A report
to this effect was published in the
Oregonian at that time, but, as
matters were not ripe then, neither
Mr.. Dickinson nor Mr.. Baxter
would verify it. But it is now
verified by the incorporation of
the company. 1t is said that the
stock of the company will be
taken by private persons, and,
when the Union Pacific gets out
of its financial troubles, it will
lease the road. When the road
will be completed is not known,
but an Astorian, who claims to
have an s'inside knowledge" of
the affair, says that the line from
Goble to Astoria would be COM
pleted before September. In this
event, the company would, by ar
rangement with the Northern Pa
cific, be enabled to move the fall
grain crop to Astoria by rail.
A COMPROMISE ALL AROUND.
From the articles of incorpor-
alton, it is evident that some sort
of a compromise has been effected
between all the parties who for
merly wanted the railroad to As
toria built so as best to subserve
their particular interests. The
promoters of the 'sriver route" are
given satisfaction by the main line
from Portland to Goble and AS
tOria. The owners of the valuable |
Vernonia coal fields, who have
never been able to develop their
properties, owing to inadequate
transportation facilities, are given
a branch line. The lumbermen
and farmers of the lower Nehalem,
the lumber men of Tillamook and
Flavel, in which eastern capital
lists are interested, are given branch
lines. These actions are probably |
decided upon at the various con-
ferences, with a view of gaining
for the company the united sup
port of all the parties interested.