Daily capital journal. (Salem, Oregon) 1903-1919, 1904-06-15

! he submitted the new estimates. All
he desired of the citizens of Salem
was loan of $4,000, secured by first
mortgage bonds on the roadbed, roll.
ing stock and right Of way, one-half
of the amount to be paid to him when
the first seven miles was built and
equipped, and the other nalf when the
road was completed to West Salem.
He wanted the bonds made payable in
three years, with the privilege of pay.
ing them in one year. He said that
he expected to spend nearly 100000
of his own money in constructing the
road, and did not want cent from
the citizens here until ne had nearly
that amount invested He was very
reasonable in his demands.
Mr.. Ford then moved that the prop
sition of Mr.. Coovert be accepted by
the Commercial Club, on behalf of
the people of Salem, and the motion
carried unanimously.
On motion a committee was ap-
pointed to secure the right of way
and terminal grounds in West Salem,
and G. W. Johnson, Webster Holmes
and F. w. Waters were appointed as
regards to the appointees.
Mr.. Ford moved that a committee
of five be appointed to canvas the city
of Salem and vicinity for the purpose
of securing the $72 900 subscription
to the bond ISSUE President Hofer
announced that the committee would
be named later, as he desired to con.
suit with the members of the club in
regards to the appointee.
Mr.. Fry brought down the house
when he said that he would head the
list with a $1,000 subscription, and
considered that it was money well
spent.
Mr.. Covert submitted his estimate
as follows:
Mr. CooVert's Statement.
The following statement was pre-
sented by j. w. Coovert, who pro.
poses to build the Dallas-Salem rail
road. 1t is signed by Mr.. Coovert, and
was adopted by vote of the club:
Statement with reference to pro
posed Dallas-Salem railroad:
Steel-SS tons of 56-pound steel per
miles, at $3.50 f. o. b. at Portland,
Oregon, plus $3.50 per ton freight,
Portland to Dallas, equals $S5 per ton,
equals per mile $3,0S0.
Spikes-SO kegs per mile, equals
s24O.
Track bolts-1O kegs per mile,
equals 500.
Ties-cost at mill per tie, csc,
freight rates per tie on foreign cars,
SC, unloading, reloading, hauling to
front, and distributing, 4c, equals per
tie 40c under track, requiring 264O
ties per mile, at 40 cents per tie,
equals $1056,
Track laying, per mile, $400.
Surfacing track, per mile, $500.
Ballastlng, 80 yards per station, SIS
stations per mile, river gravel at 60
cents per yard, to load, haul and dis
tribute, 40 cents per cubic yard put
under track, total, $1.OO, equals per
mile 1854.
Normal grade, 200 yards per sta,
tion, 52.S stations per mile, at 15
cents per mile, 52,S stations per mile,
equals per mile 1854.
Right of way.
Terminal grounds.
Clearing right of way, average per
mile, 5000.
Bridge, one truss bridge across
Rickreal river (cost $2sOO) average
per mile 5000.
Trestles, 1000 feet (cost $5O4O) av.
erage per mile $500.
Side track and track in termini Ito
tai cost S7000) average per mile $500. |
Cattle guards.
Road crossings $50 each, number
unknown)
Depots
Rolling stock (total cost S25,2OO) av.
erage per mile $500.
Engineering for FIVE months (total
cost $4,000 average per mile 500.
Abnormal grade. one mile $4,000,
two miles $500, one mile $4,000, one
mile $25OO, total $4,000, excess over
average grade per mile $427
Total cost per mile $11.sS1
Total cost of IA miles distance of
track s167,OS4.
The foregoing statement includes
the items and legitimate cost of the