Rogue River courier. (Grants Pass, Or.) 1886-1927, 1911-02-10
COMMITTEE RECOMMENDS
RAILROAD PROPOSITION

Editor Of the Courier. The finan-
cier, e. H. Grasty, who is handling
the finances of the Grants Pass g.
Rogue River Railroad company, has
assured the Commercial club that
arrangements have already been
perfected for financing this PROPOSE
tion, provided the people Of this
community subscribe for ten per
cent of the capital stock required,
VIZ, 100000, to show their faith In
the endorsement Of the proposition.
For each Investment Of 800, par
value, Of the preferred seven per
cent cumulative stock, the pur-
chaser pays but $50, and is pres
ented by the railroad company with
$40 worth Of common stock, $50
worth Of townsite stock and $40
worth OF the land company's stock
The railroad company requires the
money paid by the investors on the
basis Of 10 per cent when the rail
road is constructed to a point on the
south side of the Rogue river from
this city, including the bridge across
the river; rs per cent when the
road Is constructed to Murphy post
office; 25 per cent when the road is
constructed to Williams Gate (or
Proyolt); 25 per cent when the road
is constructed to Munger; and the
last ] 8 per cent when completed
distance Of 80 miles from this city.
Construction work shall commence
before April /, 1911; the road com
pleted and the track laid to Murphy
by September /, 1911; to Williams
Gate by December ] 1911; and to
Munger by February /, 1912; and to
It's final restinatlon by July ] 1912.
II the construction OF the road
should stop after building across the
river, or after completion to any
point designated above, no further
subscription payments shall be made,
and the purchaser shall receive stock
In the proportion that the sum bears
TO the entire sum subscribed, the
company reserving the right to re-
deem the preferred stock at any time
upon giving thirty days notice, by
paying to the purchaser $1O5 per
share for the preferred stock. This
plan Will leave the purchaser his
common stock and the stock In the |
townslte and the land company, be-
sides the profit Of SIS per share on
the preferred stock.
This plan has been carefully work
ed out by a committee from the
Commercial club to protect every In
terest OF the local investors, each |
concession requested having been
granted by those In authority for
the railroad company This plan has
been very heartily endorsed by the
Commercial club and by the city
council of Grants Pass.
In addition TO this, committee
OF our most careful, conservative
buslnes men has been appointed to
Investigate the standing and re-
sources OF the people connected with
the financing and management of
this railroad All subscriptions of
our local people Will be held In trust
by the chairman OF this commit
tee until this investigation has
been made and will not be turned
over to the railroad company until
that committee reports favorably up
on their investigation.
II Ia the desire to have the entire
5000 subscribed and the sub
scriptlons ready 10 be turned over To
the railroad officials at the meeting
of the Commercial club Wednesday
night, February y, at which time
report of the committee will be
made.
II Is impossible for the soliciting |
to see all parties who
should be interested in this proposI-
Hon, both from an Investment stand
point and TO make II an assured sue
'ess for the Increase In the value of
heir lands. Il Is, therefore, desired
hat every man should at once in
'orm the soliciting committee and
subscribe without delay for what NE |
nay desire Also that every one. n
'luding those who can not suhscrhe
'ut appreciate the great ADVANTAGE
his road will De to this community /,
'hould Immediately cau upon his N
PERSONAL friends who can subscribe
md solicit their subscriptions.
u Is seldom that 80 advantageous
IN opportunity for Investment can be
'bialncd, that viii also be ot so great
leneflt to the community We. |,
therefore, urge prompt action on the