Corvallis gazette. [volume] (Corvallis, Benton County, Or.) 1900-1909, 1904-10-25
ELECTRIC ROAD TALK.
Result of Mass Meeting of Citi-
zens Friday Night.

AN6ASs
At call meeting of Corvallis
citizens last Friday night, repre-
sentatives of the company pro-
posing to build the promised
electric railway system for the
Willamette valley. appeared and
explained the work that has been
going on since the subject was
first brought to the attention Of
the public. Owing to other at
fractions, the meeting was not
largely attended, only about 80
of our prominent citizens being
present, and nothing of any
great consequence was done that
has not already been known to
the public. The gentlemen who
came to address the meeting,
accomplished what they desired,
in securing the attention of the
public to the proposition.
The report was full and com
plete as could be desired, consist
ing of fourteen pages OF manu-
script, and supplemental maps.
The point of greatest Importance
1T the report to BentQq county
citizens IS III regard to the put
ting up of a substantial bonus to
show the projectors, their good
will in the enterprise. Citizens
will be asked to purchase shares,
but whether before or after the
company has invested its own
money is not known. SO far,
the company has secured mea to
take up their bonds and furnish
the money to build the road and
equip the same. They have com-
pleted ali preliminary and final
reports, which are eninently
satisfactory. They have COM
pleted the preliminary survey
from Eugene to Belk1ap Springs
from Eugene to Corvallis, from
Eugene to Glenoda, thence down
the coast to Coos Bay. The sur.
vey from Eugene to Cottage
Grove is not yet completed, but
will be as soon as the engin eers
are through on the Sinslaw.
A site for the main power
house has been secured between
Eugene and Belknap Springs.
Negotiations are under way for a
permanent line of steamers aloue
the coast. One of the gentlemen
in speaking for the company said
"They, the investors, say that
tteeyy perter to have you sell &
pctt..;;cC:in OF your stock to the
people, to your receiving a bonu:
from them, for should you receive
a bonus from a community, the
people get nothing in return fol
their money. They always fee
that it is a kind OF blood money
and as long as they live they art
never genuine friends of th'
roads, but on the other hand yo,
make them one of you when yo'
make their interest your interest
"There are other requirement
whice we make of you and whel
these are met, we are ready t
live up to our part OF the cor
tract. l tell you these thing
gentlemen, that you may kuoN
that the Willamette Vale
Electric Railroad company wis
to sell you some of their capita
stock. That is one reason an
the principal one that we are here
AS stated by me in Eugene, th
originators of this enterprise di
not come here to build this roae
they came here to help the peopl
build it. The Eastern investor
require that you the people, tax
up a reasonable portion of tn
stock Of the company. 1t b.
= been decided to sell the stock /:
81. so per share in the followin
manner: You can pay cash ft
your stock and receive your ce
ti6cate ..at Iouce, or you can pu
chase on the installment ph,
When you subscribe for stock yo
will pay 90 per cent fthe who
purchase price at that tim,
agreeing to pay the balance
four equal monthly iustallment
The money subscribed for stoc