The morning Astorian. [volume] (Astoria, Oregon) 1899-1930, 1907-12-19
STATEMENT.

the people Of Astoria desire IT, THE ASTORIA STEAMSHIP
TRANSPORTATION COMPANY organized
with capital million s50aOoo) will issue
million hundred thousand dollars tsaSooooo twenty-five @
year. six per gold mortgage bonds covering ao its franchises
. and property
Tho specific object organization place early
date possible Of thousand 10000 each
service between Astoria 10 Caia and Valdez other points Aaska
passenger freight service making trips regular schedule
opening up reliable ami direct service for the merchants
of Astoria freight charges will be low is
business Of the enterprise the
being extend tho trade between Astoria and Alaska These
will be of modern type with hrstass passenger service and eS
pe charter by April zoos There will also be steamships Of
modern type $4,000 capacity each placed In
Astoria and the Orient and other vessels between Astoria
and ports rapidly they be obanabe and the
trade win Justify operated the Columbia
with Astoria base of operations and the general offices OF the
= corporation maintained in Astoria
After these three vessels are in service company win place in
direct service TO Astoria line OF Grstcass steamers for
passenger and freight and this will also be run on regular schedule
. time commencing during loOs
II Ia the intent Of this corporation its vessels both in equip
meut and management requirements first class modern
modatoa pncua the dates of clearance and arrival at
ports service will be of immense benefit TO
all Of and the Great Inland empire ah
It Is deserving and financial support Of all citizens of Oregon
and especially of the business men Of Astoria
contemplated docks and landings Of this corporation 1t
estimated will vicinity eight million dollars ssooooo In
cluding necessary working capital
The corporation will Board Directors Of twenty-five t25
and its principal office will be in the City Of Astoria Oregon
PROPOSITION
IA Il not deemed necessary argument the needs }of
thoroughly would be superauou 1t has been
repeatedly through the public that tho business men
Astoria heartily financially assist such enterprise to the
donations The syndicate controlling the present
enterprise president does not seek or desire donations but
opportunity the Astoria to become actively identified
enterprise subscribing and paying for he hned thousand
dollars $5OOO0 proposed bond issue at evng one hun
dred dollars l25O00 of the capital stock OF
corporation The payment for these hye hundred thousand
dollars 50O00 bonds be made twenty O per cent on or before
February National Bank The Astoria National Bank
The Savings Bank Scandinavian American Savings Bank
Trustees 0 per each month thereafter for eight ~ con-
months and the cash be paid to the boyenamed banks oil
Astoria Oregon held them Trustees and much as has
n paid deliverable the order of the ASTORIA STEAMSHIP
COMPANY when the three ships are in fu service
between Alaska and when the bonds and stock in dnce
with the deposited with the respective banks anu
the balance payments made and from cause
said Steamship should not place said three vessels in such service
within months from the date hereof then said banks aforesaid
Tees) redever all Of said funds paid into It purchase q
he five hundred dollars Of bonds back to the individual sub
rs without any charge against said individual subscribers against
aoig Ave hundred dollars 0OO0 the Steamship Company
having all charges Trustees On payment for these five hundred
thousand 5O0 Of bonds the subscribers thereto may select
Ava M Of their shall be placed the Board Of Directors oil
N. ASTORIA STEAMSHIP TRANSPORTATION COPAY and thus