The daily morning Astorian. [volume] (Astoria, Oregon) 1883-1899, 1895-05-24
Reported that Hill viii Also
Get That Line.
OREGON SHORT LINE CHANGE,
Is Assured and will Complete the
Circle-HammOnd Will Build AS
toria's Connecting Link.

-
makes the following statement: 1T is
said the reorganization plans Of the Nor
thern Pacific and Great Northern con-
template the taking Of the Oregon Rail-
way and Navigation Company's road. The
reorganization scheme has had a de-
pressing effect upon Northern Pacific pre-
ferred, which has dropped off two points,
The Reorganization plan will result in
heavy assessment upon the Northern
Pacific preferred stock"
The Chicago Times-Herald says: 1T Is
perfectly within bounds to say no greater
change could be made in Western rail-
roading than the separate receivership OF
the Oregon Short Line. In @he opinion
Of Chicago railway officials also no bet
ter man than Mr.. Egan could be chosen
for the receivershlp. point not fully
brought out yesterday morning Is tn.
value Of the Short Lines separate re-
ceivership to the Oregon Railway and
Navigation company and the Colorado
Midland. The Oregon railway was part
of the Union Pacific system and went In
to the receivership with the rest of 1t.
Some time afterward Receiver Mcneil
was appointed sole receiver and separate
from the Union Pacific recelyership. Re-
celver McNeill Immediately threw open
his road to all connections on even terms
making very advantageous deal with
the Great Northern. The Union Plcihc,
of course, came in on the same terms,
but the actual business of the oregon
Railway and Navigation Co. increased
nearly 50 per cent. Before the separate
receivership no other road could do busi-
ness with the Oregon.
Another glance at the map will show
the separate recelvership Of the Oregon
Short Line will take from the Union Pa
cihc system every mile Of the road north
of the main system from Omaha to og-
den, and all south Of Ogden. In other
words, 1t completely destroys the monop-
oily of the Union Pacific on northwestern
Pacific coast and intermediate business
With the Colorado Midland in a separate
recelvershlp under Receiver Ristlne and
with the Denver and Rio Grande and
Rio Grande Western willing, as they have
always been, to make trackage or traffic
deals with all connections, all the Den
yer lines are on exactly even terms al
transcontlnental roads, On business vlt
| ogden the Union Pacific will always hav'
the advantage of easier grades. but 9th
erwlse there Is no difference. Every roat
which originates the business will get thu
long haul. When Receiver Egan's ap
polntment Is finally confirmed, II is NOR
than likely the Union Pacific will opei
up its nearest gateways to connections
Otherwise all the business Of the Chlcag
lines, with the exception of the North
western, will go to competing lines ives
Of Denver.
This would indicate that HIN may afte
all, rs outlined some time ago In thes
columns, obtain control Of the o. r
and NJ, as well as the Northern Pacific
and 1t now seems that John M Ega
will shortly assume the management {
the Short Line, as receiver FOR the bor
interests opposed to the Union Pacific.
All of these immense combinations o.
complete change Of the western railwa
map will be of the greatest bench
20 Astoria, as previously outlined II th
Goble road IS built.
Some Of the chronic crolkers. now Nh
ne committee of twenty-one have ma
tars about ready TO turn over to Nj
Hammond, have advanced the belief tn
Hammond win not build the line, eve
~hen Astoria has fully completed he
rqrt of the contract An attorney froi
Montana recently arrived In Astoria, Nj
TSnnpp, yesterday received a letter froI
I friend In Mlssoula, dated four days ag
which states that on that date Mr., Han
nond left Mlssoula for st. Paul, an
that he spoke in the highest terms o
he Astoria deal. Mr.. Knapp says tina
he has known Hammond for years an
: TINT whatever he undertakes he carrie
out, and that he has told a number Of hi
friends that he went into the Astori
dead to make money--just the same as h
entered upon any Of the other Of hi
multitude OF enterprlses-upon bushes
principles and not philanthroplc ideai
; and that while he will make his profit
: out Of II, the Astorlans will also max
their profits. He Is strictly business
however, and will do nothing except I
q accordance with the letter OF his contrac
Telegraphlc advices received yesterda
state that Mr. Hammond Will be here az
= cording to agreement next week. and III
/ "tWenty-one" Will then ciose matters W.T.
. him. Astorll will soon be in a positio
to occupy one OF the most importaI
. squares on the new railroad checker
board, now so rapidly forming.
.