The daily morning Astorian. [volume] (Astoria, Oregon) 1883-1899, 1895-07-19
CONFIDENCE IS SHOWN
Many Deeds Recently Made In
dicate Successful Issue.
CONSTRUCTION co. ORGANIZED
CONSTRUCTION co. ORGANIZED
Only Five Deeds Lacking and One of
Those Will Be Made Today
Others VIII Follow.

The truism that 'istraws show which
way the wind Is blowing" is being veri-
fed in Astoria today A prominent and
weHi known gram broker, Of Portland,
spent the day in Astoria visiting with old
friends and looking into the business sit
uation. The gentleman is taking vaca-
ton ait one of the popular beach resorts
for q month or so, and says that he an
dcipates that the firm he is with viii
establish branch house in Astoria and
very likely erect large elevator for the
handling of export grain. 1t is a well
known fact, which is fully realized in
Portland, that the building Of the rail-
road to Astoria Will necessitate the hand
ling of grain here instead Of in Port
land The same gentleman is authority
for the statement that notwithstanding
the prejudice of the few the majority Of
Portland business men have awakened to
the fact that Astoria's railroad is as
sured and is now but a mauter of short
time until it's construction is begun.
These same people also realize the i'm
portance of the project and will rejoice
in its mplishment, as Portland win
relatively have as much to gam as AS
toria.
Yesterday was chronicted the organiza-
ton Of the construction company, the re-
suit Of Mr.. Hammonds present visit to
Portland, which will have the conduct
of the building of the road. The last le-
gal steps for putting all matters in snaps
for work have been taken and the ma
chinery is ready.
Good authority also states that yester-
day Mr.. Hammond bonded the H. W.
Corbett property in Astoria, for business
purposes, it being understood that upon
Its site he will erect mammoth mer-
camille eStabl- shment, branch of his
Montana house.
Mr.. II. b. Ferguson in the interest of
another syndicate has bonded the Spell-
meir estate on the west side of the bay,
where other large business interests will
be carried on. This, together with the
bond taken on another large property on
the west side, few days since. gives
some indication of the immediate busi-
ness results that will follow the building
Of the railroad.
All this prosperity depends for its ac-
compli ishment in fact upon five people.
There are still lacking the subsidy deeds
from certain prominent citizens who are
apparently taking much time to consider
the pros and cons of the proposition,
and thdr future relation to the new and
enlarged Astoria. These people are the
Trulllngers, Bowiby, NJ. j. Kinney, James
Kindred and the Rogers estate. OF these
Mr.. M. ]. Kinney yesterday turned In
one of his deeds and VIII file the other
today. 1t is thoroughly believed by those
who are best posted that the others will
follow suit at once. A well known cGti-
zen and member Of the committee of
twentylone says THAT It is most difficult
TO understand why there should be any
further hesitation ON the part of anyone
to complete the deal by turning in their |
share OF the west side subsidy according |
to understanding and agreements. Every |
days delay is the loss of thousands to |
the community and each one sustains an |
Individual loss proportionate to his prop |
erty and business. The sooner the SUBJ |
sidy nlalnters are closed the less loss |
there will be to sustain and the quicker |
VILE good times come for Astoria. With |
out the railroad 1t is evident to every
thinking MAN that ruin stares in. the face |
seventy-fiVe per cent Of Astoria's popu-
lace. Present values of realty cannot |
possibly be maintained and taxes cannot |
be paid another year. Mortgages must |
be foreclosed and values dropped. To
give part of ones holding in order that |
the balance may be cleared and made
more valuable is the simplest business
proposition THAT child might under
stand
The recent steps taken by Mr.. Ham
mond, re6erred to above, are the best of |
evidence THAT ne is perfectly satisfied
that reason and good faith Will prevail |
without further delay. Common sense
and the ordinary principles Of business
protection, to say nothing of the common
and laudable desire for profit and gener-
al prosperity would dictate the speedy
Closing up of the necessary subsidy matt
ters yet remaining open. The very best |
or authority vouches for the statementl
That when the balance Of the five deeds
mentioned are turned in construction of
the railroad will commence at once. 1t
IS believed that the well known Judgment,
business ability and public spirit of the
ehIemen who are In delay In the mat
ter VIII eventually lead them to Join In
uhe west side MATTER since they have al
ready stood in On the east s.de Saturday
nisaf VIII In all probability see every de-
lail completed and all things ready for
Mr.. Hammond. Then Will be the day Of
cur rejoicing and the beginning OF such
prosperity as wTas never dreamed Of. AS
torla WIN take her riehtful place al tine
mead OF the commerce of the Pacific.
the busy wfelEs of traffic and the hum
u iaoor VIZ mark her daily growth.
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