. 1
c
naf
$1,000 REWARD!
ONE THOUSAND DOLLARS REWARD WILL IJE PAID BY TflE UVDERSIGNffa TO ANY PERSON WHO CAN SHOW BY AUTHENTIC TES
TIMONY THAT ANY CITY OR TOWN IN THE UNITED STATES, OUTSIDE OK THE ROGUE RIVER VLLEY. HAS TRIBUTARY TO IT,
WITHIN A 10-MILE RADIUS, A 20-MILE RADIUS, A 30-MILB RADIUS OR A 40-MILE RADIUS. AS MANY DIVERSIFIED RESOURCES
AS MEDFORD, OREGON, HAS WITFIIN; A CORRESPONDING RADIUS. . MEDFORD COMMERCIAL CLUB.
Medfoed Daily Tribune
FOURTH YEAR.
MK UFO HI). (MK(K)N, TUJS8 DAY, AUGUST 24, I WW.
No. 134.
E
TEWS ON
OF
J?
ASSURE
0
ALLEN PAYS $77,425 FOR
$100,000 WORTH OF BONDS
BOfiDS WERE THOSE TURNED
OVER TO RECEIVER REDOY
FOR DEPOSIT CERTIFICATES
Final Wind-up and Adjudication of
Indebtedness of Road is Now
In Sight.
NEGOTIATIONS CHD THIS MORNING
Have Accomplished What was Deemed
Impossible in Financeering Will
Straighten Bad Legal Tangle
L BATTLE $3.23 PAID FOR
ROGUE PEARS IN
CHICAGO TODAY
IS WON BY
HILL
Harriman Receives Setback in Fed
eral Court by Recent De
; cision of Justice
, Bean.
ATTORNEY COTTON APPEARED
STUNNED BY DECISION
JOHN ROBERTS ALLEN.
Extension of tho Pacific & Eastern
ruilroml to the timber bell, the final
winding' l .and adjudication of its
indebtedness iih well ns tho involved
finances of tliu defunct Medford &
Outer Lake railroad wan assured
Tuesday morning, when John Roberts
Alton of New York, owner of the Pa
cific & Eastern, paid to Rueeiver J.
F. Reddv of the Medford & Crater
Luko railroad 77, IJf. for 100.000
worth of Pacific & Eastern bonds,
which worn turned over to Receiver
Roddy by Receiver T. C. Devlin of the
Oregon Trust & Snveings bank iu
exchange for $8l,.r00 certificates of
deposit on the duliinel bank. lh
rtifieatos of deposit representee; tuo
la nf lli Mlillflll'd
Crntor Lnko- railroad to George
..ai .....I nuuAAuiina nr inn ill imi ill
tlUn limi unmii.iiin ,. - -
ccotiations. were completed by Mr.
Allen, Receiver Reddy and his attor
ney. A. E. Reamcs, and Attorneys
Franklin Griffith nnd S. B. Lithioum
of Portland, who represented Re
ceiver Dovlin. before Judge II. K.
Ilaiuia at Jacksonville.
Tho Germnn-Amcrioiin bank, which
had ussumod tho assets and liabili
ties of tho Oregon Trust, and Receiv
er Dovlin agreed before Mr. Allen
purchased tho Pacific & Eastern
stock, to Biirrondcr tho old Pacific &
Enntorn bonds they hold and nceopt
in lion thereof now bonds. This
agreement they repudiated as soon as
Mr. Allen made his purchase, and
then repudiated tho certificates of de
posit held by Ruccivor Reddy, foro
inc him to bring suit to ostnblish
their validity and demand an account
ing.' Since then they agreed to sur-1
' rondor tho bonds in oxohnngo for the
certificates of deposit.
Mr. Allen mndo two propositions,
tho first to purchase the certificates
of deposit at their face value, $81,
f00, paying $10,000 down and tho
bnlnuco in quarterly payments ex
tended throughout the year. The
second proposal was to pay eash less
discount of 5 per cent, -which was
yaeoeptod.
' Tho transactions concluded today
open tho way for tho speedy sottle-
- mont'of tho 'Medford & Orator Lake
railroad rocoivorship and tho liquida
tion of" its indobtodnoss ns soon as
the court passes upon tho validity of
tho claims. They place Mr. Allen in
a position to deliver his new issue of
ds as soon as tho local bondhold
ers comply with their agreement nnd
surrender their old bonds for tho
new. The now bond issue has been
placed and tho money is available for
the railroad's extension.
These transactions accomplish
what was deemed almost imMissihlc
iu financecring, and straighten out
one of the worst financial and legal
tangles iu existence. The Medford
& Crater Lake railroad was formed
some four years ago by local people
to construct a railroad to the timber
belt. Of tho stock issued, only $20,
000 was paid. Cash was advanced by
A. A. Davis, president of the com
pany, to carry on the construction,
mid by Fee brothers, who took n
mortgage for $35,000 and then sold
t to the Webber Brothers, who sold
it to tho Dewing Brothers of Kalama
zoo, Mich. Tho railroad, after sov-
oral futile efforts to finance it, was
thrown into receivership nnd sold at
auction to George Estcs nnd associ
ates for $81,.r)00. Upon approval of
the court, the money was deposited
iu Jjie Oregon Trust & Savings hank
and the certificates of deposit re
ceived. Estes and associates organ
ized the Pacific & Eastern railroad,
and tho bank, which had advanced
tho purchase money, held tho bonds ns
security. Then the Oregon Trust
failed, was thrown into tho bands of
n receiver nnd fresh entanglements
ensued.
Estes and associates, who lmd
spent some $50,000 in equipment and
mii'chase of rails, etc., sold thoir
slock to Edgar llafcr and C. II. Lew
is. Mr. Allen later aciiuired the
stock.
Tt Dr. J. F. Reddy is due the cred
it of tho transaction. TTo interested
Mr. Allen in tho railroad and has
worked unremittingly for three years
to fiuanco the road. Edgar Hater
also worked hard and spent consider
able money in promoting tho rail
rond.
Judge ITa'iinn aided materially in
making tho railroad a possibility. All
of those nnd many others who assist
od, lmvo worked midor adverse eon
Means That Hill Has Gained Upper
Hand in the Deschutes
Fight.
New York Pays as High as $3.504950
Boxes Averaged $3.15lndications for
$4 Market for Fruit From Rogue River
Valley. .
DEUEL RETIRES
FROM FIRM OF
DEUEL & KENTNER
H. C. Kentner Takes Over Majority
of Stock and Will Continue in
Active Charge of the
Business.
PORTIJLVD, Or., Aug. ?4.' Jumes
J. Hill, the empire builder, gained, a
victory over Edward H. Har
riman, tbe railway king, in tho .fight
between the Hill and Harriman in
terests for the control of a right of
way in tho Deschutes canyon, and the
kev to tho mastery of central Ore
gon. Hill was given at least a year's
sturt over his rival by tho decision of
Justice Robert S. Beau in, tho federal
court in which the Harriman interests
are temporarily enjoined from tho oc
cupancy of tho disputed right of way
in the canyon. Attorney Cotton, rep
resenting Harriman, appeared stun
ucd hv the decisiou nnd nnnonnccd
thnt lie would nsk an injunction com
pclliug the Hill men to use only the
J00-foot wido strip which tho court
gives them absolute right.' ' "
' vi-Vp vnnK- Ai.o- Tni.imn rajenrj . U.ltt
sold as high as $3.50 ; 4950 boxen averaged $3.15. The California
fruit is decreasing rapidly. Good fruit will soon be $4 a box.
Boston averaged $3.70. The first shipments of red apples arriv-
iris in September are sure to meet with a ercnt demand. - " -
(Signed). W. X. WHITE & CO. '
f 'f-f-r-f-ff-r-f-f-f-f-f-f-t-
CHICAGO, Aug. 24. The first car!
of . Bartlett pears from the Rogue
River valley averaged $3.23 a box.
They were shipped from the Burrell
orchard. The pear market is strong
and prices are steadily increasing,
with prospects of reaching $4 by the
end of the week.
J. A. Perry was advised Tuesday
by wire that the top prica paid for
Bartlett pears in New York on Mon
dav was $3.50 a box. He was not
advised as to the quantity. -
Indications for record . prices for
a, record crop ere getting better each
day. To date 58" cars of pears have'.
been shipped cast from the valley.
The fact that the California-crop
is off the market is adding much to
the prices far Boguo River fruit.
Fruit growers were hoping that tho
general average for Bartlctts would
be around the $3 mark, and now it
looks much as if tho prices would
rauga about the $4 mark instead. Tho
season has opened auspiciously and
the year promise? to bo a banner one.
OTHER LOCAL PARTIES
INTERESTED IN STORE
Name Will Probably Be Kentner &
Company Deuel Retires to
Outside Business.
F. K. Deuel has disposed of his in
terest in the firm of Deuel & Kent
ner of this city and will retire from
mi active mercantile life to attend to
lis, large orchard holdings. II. C.
Kentner will assume entire charge of
HUNDREDS DIE
STEAMER
WRECK
German . Steamer, Carrying Excur
sionists Sinks in Waters of
. Harbor.
CAN
HON IS TO
MAKE "FUR FLY"
Aroused by Aspersions Cast .in Open
Letter, Uncle Joe Prepares
to Answer.
' CHICAGO. Aug. 24. Aroused by
the aspersions cast on him by Con
gressman C. - N. Fowler in an open
WEST WINS BIG
POINT jVER EAST
Jobbers West of Mississippi Gain a
Point Over Eastern Competitors
Through Courts.
WASHINGTON, Aug. 24. The cir
cuit court today mnde permanent the
uijunction restraining the interstate
day said he would make the "fur
BEUN'OS AYRES, Aug. 24. Two f, . i eomrress meets aeaiu. He
hundred and fifty excursionists stli(i no wollld talk 0Il tho floorj aa
aboard a German steamer lost their tlllk iengthily nnd to tho point.. "
lives today, when the vessel was I
letter yesterday. Speaker Cannon to-jcommerce commission from enforcing
their order to compel the failroads to
rammed at tho entrance to tho Mont-i
evideo harbor by the Columbia, nn-
thc business, having token over a u"ll'r ''xt!rsion steamer. - A fete was
majority of tho stock. Other local in ,r,R?"". " M"tevi,lco
pcople lmvo become interested nnd the i,;,.,, :,v. wi,n ti, nwKinn n.,ei-rod
firm will probably bo known in tho j (hero was u panic on both vessels,
future as Kentner & Company. 'Before tho lifeboats could be lamich
Tlm firm i,r lii.in.l .( K-ni,,,. ......Jed the Gorman shin sank.' Scores
. i . i .1
It was incorpo
rated and has been u loading business
i . i i . i . i .i .i
established in 18!)4. It was ineorno- i!!mK" ,vor,,"'" "-"
Hie ciipinm ot ine uermr.n snip was
saved, but attempted to end his life
and was provcrled. The vessel sank
in a few minutes, preventing any from
escaping. Misunderstanding of sig-
Inals is reported to have been the
cause.
house since. Last year they moved
into large, commodious quarters in
llio Mission block on Main and 11
strcots.
ditions nnd under a fire of harsh and
unjust; criticism from those who
should lmvo lent co-operation.
Mr. Allen is now tho solo owner of
tho railroad.
Kev. E. B. Jones of Corvnllis, pre
siding older for the M. E. church,
Soullii is visiting with Kev. W. T.
(loulder of this city. .
JURY CLEARS
GEORGE BEALE
give proportional through rates from
the Atlantic seaboard to tho Missouri
! river points. This ending of tho fa
mous Missoiui rivor case is a distinct
victory of the western jobbers over
eastern competitors. It will affect
the jobbing centers west of tho Mis
souri river coutrollcd particularly by
St. Louis, Chier.go, Denver and Kan
sas City.
Mr. and Mrs.
E. E. Goro are ex-
. w . rm, f DllH!n c,uIhc Hu'ted home soo' fro' Seattle, whore
Found Not Guilty of Putting Sawdust Mr. Goro met Mrs Goro h rc
in Big Butte Trial in Central
Point.
Tho jury in tho case of tho stato vs.
Georgo Bcalc, who was charged with
placing sawdust in Big Butto, brought
upon her re
turn from an extended visit in Now
York.
noon. Clarence Reumes appeared for
tho defendant.
John Birtler and Ned Noo testified
for tho stato. ns did Charles Gay nnd
ham isandry, gnmo wardens. Kount-!
iu a verdict of not guilty, and Bealo & bon wore witnosses for the do
wns elonrod at tho trial, which was Ifendunt. After a lengthy hoaring,
held in Control Point Monday after- Bealo whs cleared.