The Weiser signal. [volume] (Weiser, Idaho) 1890-1904, 1899-11-23
A GREAT MORTGAGE
A Three Million Dollar P. & l. N. Docu-
ment Recorded.
WHAT ONE NAN HAS DONE
The New Road Great Individual Feat
Trains to Middle Valley.
The New Road Great Individual Feat
Trains to Middle Valley.

This week at the county auditors
office there has been recorded doc.
ument of very great importance to
this section, being nothing less than
mortgage covering so miles of the
P. & | N road and in the amount
of 50, 600, 600. This mortgage is
signed by President Hall and Secre-
retary Richmond of the p & l. N
and is made to the Guarantee Trust
Co., to secure the payment of its
first mortgage bonds, running fifty
years and bearing five per cent inter
est This means that the road is 60
ing to be pushed ahead without fall
tering except when the elements pre-
vent Heretofore Mr. Hall has fur
nishcd the money individually, and
it speaks wonderfully Of his ability
and is a most gratifying compliment
to the thoroughness and perfection
of construction of the new road, that
its bonds, for the purpose of secur-
ing funds to carry the enterprise on
in greater magnitude than any one
individual could stand up under, are
so eagerly sought after and so readi-
" disposed Of Washing ton county 5
destiny is settled now that it has
been demonstrated that its resources
can supply securities for such I'M
mense loans. 1t is Il matter to feel
proud Of
The rapid development of the ter
ritory north of Weiser, by reason OF
the advancement into the country of
the Pacific & Idaho Northern rail
road, must certainly be gratifying to
the promoters and advocates of the
road. AS financial venture success
is now an assured fact, and is only n
lust reward to the brave investor and
inancier, who alone and single hand
ed undertook the task OF resculng
central Idaho from the demon or un
profitable isolation. and placing 1T In
the ranks of commercial prominence.
These prominent resources had
been heralded to the world by the
SIGNAL for ten years but fell appar-
entity on unheeding ears
The progress of the road has not
only demonstrated the truth OF all
past claims, but has also opened new
avenues of wealth and industry mn
thought of, and the end is not yet
The mineral resources classed 10y
those who know, are admitted TO b'
great beyond conjecture, and VIII
promised transportation facilities are
being developed as fast as it is pos
siblc for intelligence and capital t'
act
! Timber, stock and agriculture ar
added, and other industries will sool
follow, and the immediate increas
in permanent population must he tn
result. No line of railroad IN TN
West can point to so varied and nun
erous resources Immediately triOu
, tarv and equally valuable.
The above desirable conditions ar
due mainly to the pluck and fore
SIGHT of one mamie has put up til
money-nearly three quarters OF
million dollars, taken from his othe
business ventures, and invested it l
Q this as a side issue, devoting bI
little time to its direct Management
that being left in the hands of loc
employees. Many difficulties not ca
: culated upon have been met al
overcome. and the road is now so I
constructed that its final complete
v is fully insured. And for this ma
ni6cent enterprise, credit is alone d
to Lewis Hall, the Michigan lumbe
IT, man. who has from his person
wealth furnished the means so 1
for its advancement and consructlo
alone and unaided financially. he
mo by his abiding faith in the gre
future of the country he has neN
faltered, and his reward now pro-
ises to be great in proportion, and
no. a benefactor to all he should
= gratefully remembered.
Wilkerson & Thompson, the orr
er nal chief contractors for the G.
struetion of the P & l. N are thror
10. With their work in the Weiser can,
and all tents, tools and camp oul
nm IN, are coming in for storage here;
FL work has been much more dIiil'
than was expected, many chan
beng made, thereby causing more
less delay. This portion OF tne W
is fully up to the high stand
adopted by the firm in every dep
ment of construction undertaken
L.. & them. and will no doubt be appr
otad in future as the line progres
The burden of organizing new I
ns and many other annoying ditlicu
n hod to he met. and at time
r,a mon we're scarce. and to get ihen
all. very expensive. The hn'