The Dalles times-mountaineer. [volume] (The Dalles, Or.) 1882-1904, 1898-01-29
LEr.s LOON no OCH ,xrrR1srs
a Move on Foot That Threatens the Busi-
mesa of The DsIles

1
a Move on Foot That Thressens the Busi
mesa of The Dslies
The following item, which IL some
what interesting The Dalles, Is taker
from Sundays Albany Herald:
"Recent developments In the affairs
of the o. C. & E railroad show that II
vas fortunate thing for the. William.
cite valley when Mr.. Hammond secur.
ed control of the old Oregon Pacific.
He proceeded at once to put the road
in irst-class condition, and now come g
the welcome news that after years of
waiting the road is to be built to an
eastern connection by NJ. Hammond.
Recently new company known as
the Corvallis & Eastern Railroad Co.
was ouly incorporated for the purpose
of carrying out this important under
taking, and the plans as outlined in
the articles of Incorporation are now
being carried out.
IA. 3. Hammond, president of the
road, will arrive in Albany tomorrow,
when, it is learned from a reliable
source, deed will be executed, trans
ferring the entire property Of the o
G. & E., including roadbed, rolling
stock, lands, etc., to the Corvallis &
Eastern Railroad Co. Soon there
after it is also learned, blanket mort
gage will be executed to New York
com oany. composed of foielgn capital
lists, and first mortgage bonds will be
issued for something oyer $4,000, 600 |
for the purpose of building the road to
an eastern connection and construct
ing branch lines.
"The plans as outlined in the recent
ly filed articles OF incorporation OF the
new company, whose principal place of
business is to be in Albany, embrace
The purchase of the 142 miles of COM
oleted track of the Oregon Central &
Eastern road, the operation and con-
of railroad line from
Yaquina bay to Snake river, near On
ario, in Malheur county, Oregon,
Ilong the route originally proposed by
he old Oregon Pacific Company. also
he construction of branch line from
point near Prineville southwark
hrough Lake and other southeastern
ounties to the California line.
"The papers for the entire deal have
'een drawn up. and the ten million
ollars is ready, awaiting the execution
t the documents.
"It is said that the work of construc-
ion will begin as soon as the weather .
ill permit ia the spring. This is the 4
lost important railroad work that has !
cen undertaken in Oregon in recent
ears. 1t means much to the people
the Willamette Valley and the en-
re state. The plans of the company, t
is understood, will hereafter be ex- t
ended to cover the construction of a
ne between Prineville and Pendleton, C
nd also line from some point near q
lbany to connect with Astoria"
If this information is authentic, 1t
cans that road is to be built
rough the central part Of the state,
lat will detract much of the trade c
at now comes to The Dalles to other q
,ints. Crook and Grant county z
rmers will not buy their wool and '
her products here if they can be sup 2
led with trans sportation facilities at B
ore convenient points, unless there G
Q inducements held out to bring y
EN- here. The trade of those counties Z,
'wever might be retained at Th q
lilies either by building line j
ilroad into Crook county, orby the =.
- ion of wooden and securing mills z
re. But in case the Hammond road M
built, this place must do something M
meet the loss which it 10 certain to M
fer. What will it be? r.