Daily capital journal. (Salem, Oregon) 1903-1919, 1907-05-15
RAILROAD
HEADED FOR
COOS BAY
Strong Committee VIII Meet Coos
Citizens Backed Up 100000
In ROSeburg Cash

Marsters, F. +. Alley, ]. II. Booth
and w. L. Cobb, will go down to the
shores of the western sea backed up
with at least 100000 in cash. To.
day is the day set apart to raise the
money here toward building the
road and today the members OF the
committee has secured Sl15,000
many of the capitalists and business
people of Roseburg on the subject
and received such encouragement
that there is no doubt the sum men,
toned and perhaps a much larger
amount will be secured.
1t was not the original intention TO
take any steps toward raising money
for construction until after the Coos
Bay conference and the organization
OF n company, but Boos county has
pledged over s10O.0 900 and the men,
/ bers of the committee from Roseburg
/ did not want to meet the en,urprising
citizens of Coos unless they had
something substantial to show.
Everybody Helpsl"
! The committee will not go to Coos
Bay empty handed when they meet
with the committees from Marsh.
field, North Bend. Bandon, Coquille
and Myrtle Point. to take definite
steps towards building the railroad
from this city to Coos Bay.
Today has been fixed as the day TO
raise the money and from personal
conversations held yesterday morn.
ing with various representative citi-
Zens, the members OF the committee
feel that they will have no difficulty
whatever In procuring at least $780,.
600. Five or six citizens OF Rose
burg have already expressed them.
selves as willing to subscribe 10000
each and these liberal takers of
stock do not comprise the wealthiest
men in the city either
Louis Barzee. secretary OF the
Merchants Protective association,
this morning sent the names OF the
Roseburg committee TO the various
committees In Coos county and the
different members from the various
towns will fix the time and place for
the general conference. While Rose
burg has extended the courtesles of
this city. II Is believed the meeting
will probably be held az Marshheld
and the date will be soon.
At this meeting Il Is expected a
general plan will be outlined for the
building of the road and perhaps the
company organized TO do the work.
Many citizens thought n was use
less to attempt 90 raise money for
the construction OF the road until q
company was organized and general
plan outlined. but when Coos Bay
business men announced that they
had already put mp over 100000
and put It up 10 Roseburg. the com
mitteemen from this city decided
they did not care 10 meet the Coos
Bay citizens until they had something
substantial to show their western
neighbors A very little Informal
talk on the streets soon convinced
them that they may take pledges tn
Coos Bay when they go amounting TO
over 800 900. With an even half
dozen men subscribing $4,000 each
larger number at $1,000 each and
some OF the weather. citizens not
yet seen who will perhaps give even
larger sums than these, the road
should soon be under way.
However. the members Of the
committee realize that they have
work 20 do and do not expect all the
money necessary for the construction
OF the line 10 be subscribed without
solicitation. Il will be a strenuous
campaign and every citizen OF the city
and surrounding country will be ask
cd 20 take capital stock IN just az
largs blocks as possible. II will bd
a campaign where everybody helps "
The members OF the committee also
realize that Il will be the small con
tributions from men In moderate cir
cumstances that will make up the
amount required 10 build the road.
Men In active business with mod
crate capital and having all their
means tied up In their business VIII
have 20 make some saeTihees 10 con-
struct the road and maintain Rose
burg as the southern Oregon metrop-
oils. but these are the men who viii
do IL. They feel that the Increased
business the road will bring vial
more than compensate for any ineon'
Venlence. not 10 mention the fact that
taking stock IN this road Is a gilt
edge Investment In itself.