The Mason County journal. [volume] (Shelton, W.T.) 1886-1927, 1898-01-28
The Shelton Southwestern Sale.

ton in the bidding and the property
was bought in by local parties holding
Receivers certificates and other pre-
ferred claims against the railroad.
George Cyphert, trustee, bought in
TIE railroad, rolling stock, right-of-
| way, two locomotives, and the bulk of
the lands, nearly all of which were
logged-off, for $13,800, and John A.
Parker, Tacoma attorney, bid in GER
tain town property, including the
Grove and hall, and some logged lands,
for 81 900, while he holds preferred
claims for fees to the amount of S.
900:
The property of the company was
actually worth several times the
amount brought at the sale, but the
first three miles of road, with certain
town property is also subject to a first
mortgage for $4,000, with some &C
crued interest; and the whole property
is so hedged about that no outsiders
would be interested in the proposition,
or could do much with the property if
| they had it. A considerable amount
| of unsecured Indebtedness will be wip-
ed out with the sale and the original
stock of the corporation, which is held
| by small investors all over the coun
| try, is worthless to its holders. At
torney Sigh, representing Austin
| Of or to1d
| trustee, served notice at the sale of his
objections thereto.
Among those present from outside
points were Robert Wingate, John A.
Parker, P. V. Anderson, c. o. Bates,
of Tacoma, G. Wingate, of Astoria,
| and several others 1t was thought
that the former might have some in
| terest in the sale, as he and his broth
er are well-known railroad men. The
| Superior Court will be in session We'd
nesday for the con firmation of the sale
aud after that is satisfactorily settled
the purchasers will make public their
plans for the future of the road. 1t is
thought that the extension of the
Shelton Southwestern Railroad will be
taken up by the reorganization, and
arrangements will be perfected by
which Shelton will be connected with
the Northern Pacific and one or more
large industries started here, which
is a1l~~hat is needed to insure Our
permanent prosperity. 1t is not i'm
probable that changes will be made
this year in railroad matters, which
will mean much to Shelton.
| Roughly estimated, the Northern
Pacific owns about 100000 acres of
land in Mason County. Some of these
lands are assessed as high as 81 per
acre, and some as low as eighty cents
an acre, the average being not far
from So per acre. The tax on the
poorer class of land would only amount
to about two cents year, six cents on
the average, and 81 cents on their
best holdings. If the full tax on the
lands were paid it would only amount
to about Is cents an acre for the entire
six years of delinquency, while the
amount to be paid on the basis of the
settlement, is only about six cents an
acre. It would seem that there are no
grounds for rebate on account of ex
cessiYe assessment, if these figures are
anywhere near correct, nor would the
company let the poorest of it's hold
ings go for the six, or less, cents an
acre.
Ladies who have been waiting for
low prices on Coats for themselves or
daughters, will find them now at The
L. M. Co.
!, BAPTIST CHURCH.-In the absence
, of the Pastor, Mr.. Gregory, L l..
Hunter will conduct bible reading
| Sunday morning, and in the evening
!, the ladies of the church will give a
, temperance service. An important
! feature of which will be black board
exercise by Mrs. Gregory.
K1ondikers can be Quilted COM
plete1y right here in Shelton, at very
' low prices at The L. M. Co
The total indebtedness of the city of
| Montesano on Dec. 81, 1897, was $47,-
f O4741. Since the city clerks report
was made, the county treasurer has re-
, mtted to the city $1.738.94, amount of
q taxes collected during last quarter.
, This would reduce the debt to $45, 3O8.-
d AZ. Dec. 81, 1896 the debt was $45, 079.-
= O6; Dec 81, 1895 it was $45, 119. o.
). Vidette.
y A complete assortment OF Field aud
! Garden Seeds at The L. VI, Co.
= Don't miss the Evolutionary Recital
4 ny Miss Adah Mckenzie, at the hal
tonight, for the benefit of the public
: school library. She is talented read
IS err and will be assisted by local must
:. clans, to afford a good entertainment
4 Reserved Seats can be secured at Nun
II sons.
e Try Shel1y's Cough Syruo. Best or
% the market.
>. The Vaughn's Bay lumber company
have recently added a new shinglt
- plant, and is now running a logging
- camp in connection with the mill.
= is the main industry for the support Of
the North Bay people.
Go to Hunter and Eaton's for fresh
Groceries.