East Oregonian : E.O. (Pendleton, OR) 1888-current, 1910-09-03
W. J. Furnish Says Relations
With DR.. Coe Will Not In
jure Purchasers.
DIR. COE APPARENTLY
IN TEMPORARY DIFFICULTY
While I'm Orient Seeking TO Recover
Shattered Health His Wife Endeav-
ors 10 settle Affairs Satisfactory
w. J. Furnish Says Work on Res
ervoir and Dam VIII be Finished
On Time.


ed here today over the publication in
Portland papers of stories bearing up
on the status of the affairs of the In
land Irrigation company and DR.. H.
w. Coe, head OF the company that is
colonizing the Furnish project. The
following in detail is the story which
appeared in last evenings issue of the
Oregon Journal:
Affairs of the Inland Irrigation CON-
pany of Stanfield are under course of
readjustment by Mrs Henry Waldo
Coe, DR.. Tuttle. Charles II. Carey and
others interested. In the absence of
DIR. Coe in Honolulu, Mrs. Coe is car
rying on the negotiations and II Is ex-
pected the company will be put on
different basis than heretofore,
that w. ]. Furnish will cease to be
interested in the lands OF the company
and that the construction work which
IA now suspended will be taken up
again in a short time.
DIR. Coe some time ago became the
selling agent for the lands, which are
owned chiefly by W. ]. Furnish. The
lands include an extensive irrigation
project, which was formerly known as
the Furnish project, and are said to
be worth sS00,0 900. The bonds held
by Mr.. Furnish amount to $4,000.
DR.. Goes liabilities to the company
are estimated at $4,000.
The affairs of the company are in
ar unsettled state. This is said to be
due to the fact that the contract en-
tered into between DR.. Coe and Mr.
Furnish was one very hard TO live up
81 tn =
Coe was to receive 25 per cent of the
selling price OF land sold as COM
mission, and for the running expenses
OF the company. The remaining rs
per cent was to be turned into the
treasury for the purpose of retiring
the bonds held by Furnish.
II cost much more to sell the lands
than was expected, however. and DR..
Coe found that the 25 per cent would
not carry on the business. He there
fore retained a portion Of the 75 per
cent for paying the running expenses.
1t is this that has caused his liability
to the company under the terms OF
the contract.
1t is the desire of Mrs. Coe, and her
associates to refund the bond issue and
purchase the Furnish holdings in the
company. Negotiations are now on
foot which. II Is expected will result
in this new bond issue being floated.
In case this should not be done there
will be a readjustment of the contract
under which DR.. Coe is now working
DR.. Coe is now in Honolulu, having
been compelled to go there for the
benefit of his health. which has been
shattered by continued business and
worry.
From W. j. Furnish.
While here today enroute from
Portland to his summer home near
wenaha springs w. ]. Furnish was in
terviewed by the East Oregonian as
to the relations between his company
and DR.. Coe.
AS explained by Mr.. Furnish, DR..
Coe has been the selling agent for
the lands of the Inland Irrigation
company. DR.. Coe is now indebted to
the company and the bonds will be due
shortly. Mr.. Furnish is the chief
bondholder. However according to
Mr. Furnish the irrigation company
has not pressed DR.. Coe for any pay
ment since payment is not yet due.
The troubles of the doctor are due to
tractors and others at Stanfield. In
the townsite of Stanfield Mr.. Fur
nish nor the irrigation company have
any interest. They have to do entire
" with the project.
Purchasers Are Safe.
"I want to emphasize the point"
said Mr.. Furnish, that regardless of
how this matter may be settled the
purchasers under the project will not
suffer. I see nothing that can in any
way jeopardize their interests and cer-
tainly It is the intention of myself and
Of the Inland Irrigation company to
protect them. Nor will the work on
the building of the reservoir at Horse
shoe curve be stopped. We are going
right ahead with that work and 1t
will be completed this fall. In order
to expedite the work an additional
steam shovel has been secured and I
noticed this morning that it is at
work. The project will be completed
and settled"
Asked as to the reason for DR..
Goes APPARENT difficulties Mr.. Fur
nish appeared reluctant to discuss that
point but intimated he thought the doc
tor had gone beyond proper depth
q, tho matter of incurrinp expense in