The Stayton mail., June 19, 1908, Image 10

Stayton-Salem Electric Road
Agreement Bettveen the Welch Company and
People
Who Purchase Bonds.
A Fair Proposition by the Railroad People and a Good Opportunity for the Safe Investment of
Capital at a Good Rate of Interest.
th e n said b a n k -
p a y in g th e m o n ey in to the hank from
in t o t>v nini between A \ \ «• I.• 1 1 . p a rly of shall fo r t h w it h pay to A W e lc h , Ins
I In* first p u t nini t In* »ubsi-rilsT* " I I In* a »socia I e» or n»-igns, one e ig h te e n th
w h ic h th e siihat ril'itig p a r ly , p a rty of
the .econd p in t, received salti hond
T i n * a g re e m e n t, nitidi« it m l entered
( 1 - 1 8 ) part of »ani
second p u t w iln e » a e th :
T lm t
tin*
¡»••verni aiths rrib ing par
I¡e»t p a n i c *
of tin- » m n n l
• ■ni 11 v promisi* nini
Hurii*
p a rt.s e v -
to
pay tin*
several a m o u n t * set opposite i h e i r r e -
i«pt*cl ive name« nini purchase i In r*-w it It
I In* illin illllt thereof, at
par Value, ill
tin* live y e a r - i x per r e n t , i»l»*re*t pay
»Me
m ini a n n u a l ly ,
I»r.-»t
m ortgage
I h i ii i U nil t lie pro|K*>*e<l electric l i n e i l i
I e c*Mi*t m e le ti (r un S'ny Io n to Salem,
I li ru o li, r u n n i n g
th ro u g h A o m s v ill c
m a l T u r n e r , O n g o n , l>y A. \ \ tdcli, his
nssociiiie» or assign«, i*aiil nun u n i * to
la* pnii I in to t lie tin Ilk a here I II a Iter tie*-
¡annltal, il* ¡»non a*»
aued nini p i a m i
rail» lain and » p ik 'd ,
Iannis itfe is
m u *I i
in tin* hank« h e re in ­
a fte r iiniiietl
money» so paid in ;
I here were Ml gradinile» frinii th e
<> A. I ' , this wreck, covering t l i e i l i -
p a r i m e n t i of elect r i f a i e n g in e e rin g ,
rails la in and -p ik e d , and a lik e c e rti-
p h a r m a c y , lite r a r y , ro m in e re e . h o u s e ­
f i l a l e is made thereof to »aid hank», hold »mem*e, a g rit-iiliu re , m i n i n g e n ­
m e c h a n ic a l
e n g in e e rin g
th e n said h anks »hall f o r t h w it h pay gin e e ring ,
to A. W i| i * h . hi» a «socia le» o r its -ig n s and f i n i Engineering T h e r e were I I I
gr ulti ate» from the n o r m a l school*
a furl her lik e M u t i l i m i for eaeli m ile of
i h i - year, M o n m o u t h leading w ith -IM,
said lin e so c e rtifie d; when th e track A s h la n d has ’JK W e - t o il 21, I traili I I .
i'i.
i* grad' d, t la* ties and rails la in am i
K
v
c
ry
o
n
e
in
terested
in
|» m liry
spiked the w i d e dis tance of s a i d e le c ­
should call ill t i l l - i-th'-e mid -nhseriU *
tr ic lin e between Salem and S la y t o n ,
for th e N o rth w e s t I ’o t il ir y J o u r n a l.
th e n m i re r e iv in g a lik e ccr id eate T h e price i» o n ly .Vi cents per y e a r
l hoi coi said 1'iiiik* snail f o r t h w it h pay a nd it c o n ta in s m ilt h valu ab le in f o r ­
the rest and residue of said moneys io ma m m in every ¡»sue. I t is puhlisheil
in Sali in, hence has c a s t new«, anil
A W e lc h , his a--oci.it**» ,,r assigns
such a* is of value locally, anil of
T h e said A W e lc h agrees, tw soot* m u c h m ore value • <■ people of th is sec
as one h undred th o us a n d dollars of tio n th a n Küstern jo u rn a ls .
a m i for each slid
on
said
line
every
when
f iiitln -r
g ra d iti.
m ile
In*» a m i
AM of n in i snlisri ihing
parties, partii"* of the sicond p a ri, re ­ said m ortgage Ismils are ta k e n and
ati I i'll! oiilai«le tin* i lly lim ita of S ilein, paiil for a s aforesaid, t h a t lie, hi» as­
Oregon, aliali have (lie -a ill bond« that
sociate* or
lire to la- ta k e n
days th e re a fte r,
piai it i
in
S t a y ! 'i n ,
m i l paid for l*y ilie m ,
tie* S t i l t o n
O re g o n ,
a s -ig n -
w ill,
la-gin
w ith in
ten
t i k e as it * a » I e» n e a rly as good as m a ­
work on hoth
S ta le
ft,ink,
end» of »aid e le c tric line and d i l i g e n t ­
m ill
p a nie »
ly pro-eetite said work and will w i t h in
ami
K e n n e d y 's L a x a tiv e C ough S y ru p is
the one t h a t c h ild r e n lik e so well to
ple augur. It i* d iffe re n t fu m i the O lli­
ers a* it does
pay »aiti one year th e re a fte r fully huild and
r>*i*eive the • ip i ip a m i c o m p le te in a dr»t d a s *
l>etwo<*n
saiil I h i ih I h ih e re fro iu , anil such of th e m a n n e r m id e le c tric lin e
sllhsf ribitlg p a r tii» , p a r t i i - of th e see- H ts y to n and S a le m , Oregon, and run
• uni p art, ili» * »hall r*-eii!*• w i t h i n the lu n g t h r u A u i u - v il le , T u r n e r , Oregon,
lheren|MJn
.h a ll
a'iim* in to said
fo r t h w it h
hank
not co nstíp ete,
hut on
th e o th e r h a nd it nets g e n tly yet free­
ly on th e hoivels and thereby it d r i l e s
anil
th e cold o ut of the system.
hy S la y t o n P h a rm a c y .
It i- sold
Home of the folks down lit Wood-
horn
w a n t M a r io n c o u n ty d iv id e d ,
»aid
ele
c
tric
Im
e
lo
la*
a
standard
o il y li m i t s of S a le m , Oregon, »hall
w ith W o n d h u rn as e o iin ty seat, of
gauge
of
Ml
pound
r
a
i
l-,
ties
tw
o
feet
have the sa ill lunula th a t are to la* t a k ­
course. A ll r ig h t.
Let it go. Salem
en inni paiil for hv th e m , piaceli in from c,‘tilers, M l trolley* wire, poles pays alunit h alf I lie taxe», and she
siieh hunk in S a le m , Oregon, as A. a nd every th in g to la * lir»t c la s s a m i a» would in (hi« way get out of keeping
W e lc h , his n-snciiiti a nr assign « m ay soon as co m p le te d will use first class up the cost of th e bridge» in th e n o r th
end
li n t th e n o r th end will n ot
h e ic a fle r designate, and all m id p a r­ ears and ru n a ear at h a s t every tw o
agree. A ll the lowiis in t h a t part of
ties of th e second part shall f o r t h w ith , hour» on suiti elect rie lin e d u r in g I he th e c o u n ty would w a n t th e c o u n ty
as soon as m id h ond- are deposited day l i m e , and a« m a n y m o re as th e seal, a nd o n ly one could have i t — S a ­
w ith saiii hunk', pay »aid a m n u n 's in husiness w ill w a r r a n t ; a m i will also lem S ta te s m a n .
I n said hank and r e n iv i* said I moii I s put on a fre ig ht and express car,
Ill»
th e re fro m .
Said
said hanks shall
as follows,
sums so
paid
la* held and paid not
to w it:
W h e n II. II
ric k , o r in case of hi* de a th
in a b il it y ,
th e n
C onstruction
c e rtify
Her
or o ilie r
to th e forem an of the
work
of »aid lin e, -n a il
to said hank» t h a t
said electric
in to
lin e
a
mil** of
i» graded, lie * and
h a n d lin g
li c i t
husiness s tra ig ht th ru
to I'o r t la n d , <I n g o n .
Contain
a
III«’ I ' l l l l f l m t .
th e
lir-t
should have im m e d ia te a t t e n t io n . T h e
p ro v is io n 1
th a t A \ \ eleli, hi» associates
or as­
signs - h a ll have a righ t to call in and
pay oil said or a n y
N p .lffl
m in a tu rn i looseness of a ch ild's howrel*
I t i- understood and agreed t h a t all
said Immls sh a ll
Not
A t this season of i lie y ear
part of aititi hond«
at an y iu ieresl p a y in g d a y , at par, hy
he»t th in g th a t r a n la* given i» C h a m ­
b e r la in * Colic. C holera and D ia rrh o e a
R e m e d y followed by castor oil as d i ­
rected wi t h each h o u le of the re m edy.
F o r sale by ali d in g gis ls .