The Yakima herald. [volume] (North Yakima, W.T. [Wash.]) 1889-1914, 1898-04-21
RECEIVER ALIENS VIEWS
The Yakima Investment Company
Title Perfect.
A FALSE REPORT CORRECTED
The Development Of the Sunnyside Country
Assured BY Arrangement With the N.
p. Co.-The Superior Court
Proceedings.
4 FALSE REPORT CORRECTED

Joseph S. Allen, receiver OF the Yak
ina Investment Company, was asked to-
day: "Have YOU anything to say about
the petition Of Sunnyside people, pub
lished in the last issue Of the Republic ?
81 have sent communication to that
paper for publication setting out what |
think should he better known, and |
would be glad to say the same thing to
the readers of THE HERALD.
The petition unexplained is calculat-
ed to do harm. think people have I'M
intentionally given their aid to move
ment calculated to injure this country.
However, | am sure no permanent in jury
will result. | have great sympathy for
the people of Sunnysido. In many re-
spects they have had much to contend
with. The enterprise on which this
country 30 much depends was placed on
its feet barely in time to receive the full
force of the late panic, and it WAS i'm
possible that they could have bad any
thing but hard times. But they are bet
ter off than the people in most countries,
after all, and have more confidence in
this country than ever. A confidence
which is thoroughly well placed.
II have not seen the original petition,
and do not know who its signers are.
Eight.tive contract holders signed it. A
very large percentage Of that number
am sure would withdraw their names il
they had opportunity to do 30, after
knowing the real facts of the case. We
have doubtless 800 contracts uncancelled
and in good standing, and So names
could hardly represent more than % per
cent OF them, even If they were all con-
tract holders, which | doubt. My expe-
that their signatures must have been
given under an entire misap prehension
of the facts
"Who started this movement? pre-
sumo it is started in the interest of the
California Safe Deposit Company, who
desire to obtain control of the property
on purely business proposition. have
no wish to misrepresent these people In
any way. have very friendly relations
with them, and shall continue to have.
They have Il perfect right to reorganize
the company if they can present and
carry out plan satisfactory to creditors.
All am concerned about is that the sell
ing of land and the settlement of the
country may not be retarded and think
this movement is calculated to produce
that result. ! am simply giving my
opinion of the origin and purpose of this
movement in the light of the facts which
know so well and which others do not
know.
1.-The first opportunity that has ever
been presented to advance the Sunny
side country was presented by the i'm
provement of times that came in the
spring Of lS97-it unquestionably was an
improvement for this mort Invest coast. 1t
was seized on at once rs an opportunity,
and an effort was made by the receiver
by petition to the court to get such su-
thority az would enable him to use that
opportunity. The price of the lands was
then at a prohibitive figure, and there
were no means by which to secure set
tiers and purchasers for Sunnyside lands.
Leave WAS asked to reduce the price to
$50 per acre and to employ the Northern
Pacific Railway Company to secure pur-
chasers and bring them to the country.
| am unable to understand how better
plan could be devised. There is no or
ganization in the United States so we'll
equipped for this work as the Northern
Pacific, and none so much interested
in it.
"The California company has never
approved this plan-approved the reduc.
ton of prices and the employment of the
Northern Pacific, and successfully OPP