Daily capital journal. (Salem, Oregon) 1903-1919, 1905-09-27
H0STETTER'S
STOMACH BITTEPS

Santa Fe, and is now said to be man.
ipulating the Columbia River road for
a transfer to the, big system. Mr..
Hammond controls only a small block
Of stock in the line mentioned. but re.
tains the position Of president. Gen.
eral Thomas II. Hubbard, of New
York; Mrs. Coils p. Huntington, also
Of Gotham, and H. f. Huntington, Of
Los Angeles, hold the bonds of the
road and most Of the stock.
The line is bonded for $4,000 a
mile. Not long ago an option on the
property was given Edward II. Harri-
man for a price corresponding with
the amount for which il is bonded. In
this connection the future of the
Northern Pacific track from Portland
TO Goble is figuring prominently, for
it is foreseen that when Mr.. Hill com.
pletes the road along the north bank
Of the Columbia for the Northern Pa
cifc and Great Northern he will have
no further use for the Goble connec-
tion and it is predicted it will be sold
to the next interests to take over the
A. & G. r. r. From the latter corpora.
tion the Northern Pacific derives
revenue Of $4,000 a mile though on
the books Of the Hill company the val
uation Of the Goble line is placed at
but $4,000 a mile. The road is 3sh
miles in length and IA miles belong
to the Northern Pacific Terminal Com
pany. From the lease to the Astoria
& Columbia River road the Northern
Pacific gains more than $95O,000, or
three per cent interests.
The threatened connection between
the Northern Pacific and the Portland,
Nehalem, Tillamook, TO be made at a
point below Portland on the Columbia
River, agitated Mr.. Hartman, and on
the occasion of his last visit here he
endeavored to purchase the property.
Failing in this, he is credited with
having manipulated things at San
Francisco so that the California banks
refused to longer support Edmund
Records, ho2d Of the Atlas Contract
& Supply Company, and his financial
operations were shut or, thus two
lines Of opposition to the Southern Pa.
cifc, the Oregon Traction Company
with an electric line 10 Hillsboro and
the p. y. 4 T., from there to Tilla- |
nook and Nehalem were temporarily |
put out Of the way. The Atlas Com
pany was constructing both.
This action records a bit Of history |
haliug with the efforts Of Ben Camp.
bell in 1908, TO build from the head Of
street TO Hillsboro, con-
Meeting here with street railway.
His line was beyond the summit when
a number Of liens were placed on it.
His inability TO raise money paved the
way for Manager Koehler, then in
charge Of the Oregon lines Of the
Pacific TO step in and por-
chase the claims An injunction was
gotten out restraining Mohler from
destroying the property but the night
following the day ne cornered all the
liens a large force Of men was placed
At work, and in the morning not a rail
Of the line was in place
II is said MAT fear that the Santa
Fe will connect with the p. n. a T.
on its way up the coast aud then con-
.inue on to Astoria together with the
leralded intention OF the Northern
Pacific has stirred Mr. Hartman TO
,xert every influence to hold back the
work this winter because he wants
he Southern Pacific TO have the only
connection with the roads tapping the
'0ast.
While these matters are shaping
themselves local men are in receipt Of
20 the effect syndicate
5 being formed in the East 10 build
through Southeastern Oregon TO Eu-
.ene, then on TO Portland and with
ranch 10 Coos Bay, connecting with
trauscontinental line from the East
o Omaha II this is realized Mr
hartman has another fight ON his
auds in the project 20 divide the
tate with his east and west line
shland Tribune.