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About The Corvallis gazette. (Corvallis, Or.) 1862-1899 | View This Issue
VOL. XXVIII. i
COKVALLIS, BENTON COUNTY, OREGON, FRIDAY, JULY 17, 1891.
Mr. Eil Greffoz having purchased the busi
neis ia this city of his father, desires that
all knowing themselves indebted to P. P.
Greffoz call aud make immediate settlement
as he wishes the old accounts squared up.
NOTICE FOR PUBLICATION.
Land Office at Oregon City. Or,, )
June 11, 1891.
Notice is hereby given that the following
named settler has filed notice of his inten
tion to make final proof in support of his
claim, and that said proof will be made be
fore the county clerk of Benton county, at
Corvallis, Oregon, on August 4, 1891. viz:
.Tames I. Taylor, homestead entry No. GG60.
for the n w J of n w i Sec. 6, Twp. 12 S, U.
He names the following witnesses to prove
liia continuous residence upon and cultiva
tion of, said land, viz: George Green, Wm.
H. Green, Chan. Herron, Leonard Herron,
all of Phiiomath, Benton Co., Oregon.
J. T. Apperson,
NOTICE OF rINAL SETTLEMENT.
In the matter of the Estate
Wm . Bladeett. deceased.
Notice is hereby given tnat ine nnaer
signcd has filed his fiual account of said es
tate as executor of the last will and testa
ment of said William Blodgett, deceased,
iu said court for final settlement of said es
tate and that 8 lid court has fixed Monday,
the 6th day of July, 1891, at the hour of 11
o'clock in the forenoon of said day as the
time and place for hearing objections to said
final account and final settlement of
the same. R. B. Blodgett,
Executor of the last will and testament
of Win. Blodgett, deceased.
Dated June 4, 1891.
NOTICE OF FINAL SETTLEMENT.
In the County Court of Beuton county
State of Oregou.
In the matter of the Estate
B. S. Ward. deceased
Notice is hereby gi?en that the under
signed hits filed her final account of said
estate as administrator of said estate in said
court for a final settlement of said estate
and that said court has fixed Saturday the
8th day of August, 1891 (it being a day of
the rugnlar August term of said court) at
the court house in the city of Corvallis in
aid county at the hour of 10 o'clock in the
forenoon of said d-iy as the time and place
for hearing objections to s;iid final account
and a final settlement of the same.
Dated July 9, 1S91.
S. J. Ward,
Administrator of' the Estate of B, S.
NOTICE FOR PUBLICATION.
Land Oftiok at Rohkburg, Or.,
-- - - .June 2, 1891.
NOTICE I HEREBY GIVEN THAT
the following named settler has filed
notice of her intention to make fiual proof
iu support of her claim, and that said proof
M ill lie made before the Judge or lllerk of
the County Court of Beuton county, Or., at
Corvallis, Oregon, on Saturday, July 25th,
1891, viz: Ntwicv Dickson, pre-emption
D. S. No. 6448. for the S. W. J ot S. E. J.
N. E. J of S. W. i and W. 4 of S. W. of
Sec. 4, Tp. 14 S., J I. 8 W. W. M.
She names the following witnesses to prove
her continuous residence upon aud cultiva
tion i.f, said land, viz:
J. C. Polly, Charles Evans, Henry Mires,
aud Charles Hayes, all of Alsea, Benton
county Oregon. John Shcpe,
NOTICE 10 CONTRACTORS.
Notice is hereby given that the County
Court of Benton county, Oregon, will up to
the 5th day of August, 1891, receive sealed
bids to furnish alt material, build and con
struct, erect and complete, a bridge across
Mary's river known as the "Hartless
bridge" near Philomath, Oregon. Plans,
specifications and strain diagrams, to ac
company each bid. Ech bidder shall de
posit with his bid ten per cent, of the
amount thereof which shall be forfeited to
the county in case the award is made to
liim, if he fails, neglects or refuses to enter
into contract and file his bonds (in an
amount to be determined bv the.- court)
within two days after such award is made.
The said bridge to be completed by the 10th
day of September, 1891. The court re
serves the right to reject any and all bids.
Dated at Corvallis, Or., July 13, 1891.
B. W. Wilson,
ADMINISTRATOR'S SALE OF REAL
In the matter of the partnership estate of
Belknap Bros., Belknap Bros. & Kenuedy,
Belknap Bros. & Kennedy Bros.
Notice is hereby given that in pursuance
of an order of the county court forBenion
county, state of Oregon, made on the 11th
day of "July, 1891, iu the matter of said
estate of Belknap Bros., consisting of E.
M. Belknap and S. E. Belknap (deceased) as
partners, and Belkuap Bros. & Kennedy,
consisting of E. M. Belknap aud S. E. Bel
knap (deceased) and G. W. Kennedy as
partners, and Belknap Bros. & Kennedy
Bros., consisting ol E. M. Belknap and S.
E. Belknap (deceased) and G. W. Kennedy
audit. K. Kennedy as partners, the under
signed, the administrator of said partner
ship estate will sell at public auction to the
highest bidder, for cash, gold coin of the
United States (aud suject to confirmation
of said court) on
Saturday the 15th day of August, 1891,
at 11 o'cl'rck A. M. of said day at the court
house door iu the city of Corvallis, in Ben
ton connty, stale of Oregon, all the right,
title, interest and estate of said partnership
estate being the fee simple in and to all
the following described property to-wit:
The N. VV. i of Sec. 6, iu Township 4, S.
R. 5 E. Will.. Mer., situate in Clackamas
Co. Or.; also lota 7, S, 9, in block 1 of ori
ginal town of Marysville (now city ot Uor
vall's) in Bentou county, Oregon. Together
with the foundry and machine shops situat
ed thereon including all detached property.
appurtenances and fixtures in ana about
said foundry and machine shops, such as
blacksmith tools,, grindstones, moulding
tools, safe and office fixtures and all move
able tools and appurtenances thereto be
longing. . E. M. BELKNAP,
r AJm'r of said partnership Estate afore-
Dated July 16, 1891.
We offer One Hnndred Dollars reward
for any case of catarrh that cannot be cured
by taking Hall's Catarrh Cnre.
F. J. CHENEY & CO., Props.. Toledo.O.
We, the undersigned, have known F. J.
Cheney for the last 15 years, and believe him
perfectly honorable in all business transac
tion, and financially able to carry out any
obligations made by their firm.
West & Truax, Wholesale Druggists Tole
do, O., Walding, Kinnan & Marvin, Whole
sale Druggists, Toledo, O.
Hall's Catarrh Cure is taken internally,
acting directly upon the blood and mucous
surfaces of the system. Testimonials sent
free. Price 75c. per bottle. Sold by all
At the regular meeting of Valley Lodge
K. of P. last Monday night, the following
officers were elected for the ensuing year:
Robert Johnson, P. C; E. F. Pernot, C. C;
Geo. Fish, V. C; W. Paul, P.; Jesse Spen
cer, M. at A.; Chas. Young, O. G.
The Plupit and the Stage.
Rev. F. M. Shrout, pastor United Breth
ren church, Blue Mound, Kan., says: '"I
feel it my duty to tell what wonders Dr.
King's New Discovery has done for me.
My lungs were badly diseased and my
parishioners thought I could live only a few
weeks. I took live bottles of Dr. King's
New Discovery and am sound and well,
gaining twenty six pounds in wsight."
Arthur Love, manager Love's Funny
Folks Combination, writes: 'After a
thorough trial and convincing evidence, I
am confident Dr. King's New Discovery for
Consumption, beats 'em all, and cure.- when
everything else fails, the greatest kind
ness I can do my many thousand frieDds is
to urge them to try it." Fre trial bottle
at Thns. Graham's drugstore. Regular
sizes 50 cents and $1.
The Advance is the name of a new paper
started iu Eugene by Adams & Alexander,
devoted to the interests of the farmers' al
THE OREGON STATE FAIR.
The prospects for a good State Fair were
never so flattering as they are this year.
The premium list has been revised, and in
many important points the prizes have been
increased. The entries iu the speed depart
ment are the largest and best in the history
of the fair. The state fair is under the
management of the State Board of Agricul
ture, aud over $15,000 in cash is offered in
premiums for exhibits of stock, poulty, ag
ricultural products, fruit, etc.. works of art
and fancy work, and for trials of speed
The board is making every preparation for
a great meeting. Many valuable improve
ments have been made, aud the grounds
have been cleared up aud greatly beautified.
Electric and horse-car lines now run from
Salem to the grounds. All persons wishing
a premium list for the fair of 1891, can ob
tain it by addressing J. T. Gregg, the sec
retary, at Portland, Oregon, or Geo. W.
Watt, assistant secretary, at oalem. ine
fair begins on the 14th of September, and
will last one week. Send tor a premium
list and prepare something for exhibition
TU . f Pl,;ii W.h mil Iri'xlroil 111 at
MnnrliLv niirtifc whilfl trvinff to take a horse
J r- f a
out of a barn during the fire.
Bucklen's mica Sal ve.
The best salve in the. world for Cuts,
Bruises, Sores, Ulcers, Salt Rheum, Fever
Sores. Tetter. Chapped Hands, Chilblains,
Corns, and all Skin Eruptions, and posi
tively cures Piles, or no pay required. It
is guaranteed to give perfect satisfaction, or
money refunded. Price 25 cents per box.
For sale by lhos. liraham.
The ladies of the Ladies Coffee Club came
to the rescue after the fire last Monday
night with some excellent coffee.
When Baby was sick, we gare her Castoria.
When she was a Child, she cried for Castoria.
When she became Miss, she clung to Castoria.
When she had Children, she gave them Castoria.
TO ALL AGENTS.
Cobyallu, Oregon, July 13, 1891.
Freight and passengers may be received for Coe,
138 miles east of Taquina, to go forward from Al
bany, Wednesday, July 15lh and Saturday, July 18th,
and every Wednesday and Saturday thereafter until
further notice. Freight charges will be based on the
above mileage and distance tariff, No. 0. All
charges must be prepaid.
Local passenger tariff as follows:
Yaquina and Coe. .$ 5 25 Philomath aud Coe i 2 88
Mill No. i
Siding No. 1
BOUND TRIP RATES.
Corvallis to Brown's Mill, or Halstead $4.25.
Corvallis to Coe 5.00.
Albany to Brown's Mill, or Halstead s.Jo.
Albany to Coe -00
C. C. HOGUE,
G. F & A. P.
NOTICE TO CREDITORS.
In the matter of the estate )
Marion Cooper, deceased. )
Notice is hereby given, to all persons con
cerned, that the undersigned have been
duly.appointedexecutors of the last will and
testament of M inoa Cooper, deceased, by
the County Court of Beuton county, Ore-.
gon, and all persons having claims against
said estate are hereby required to present
the same to us, -duly vended, at the resi
dence ot Thomas H. Cooper near Corvallis,
in Benton county, Oregon, within 6 months
from the date hereof.
Dated July 17th, 1891.
Thomas H. Coopkr,
The Pacific will wash anything without
soaking or chemicals.
H. S. Brassfield is again employed in J.
M. Nolan's clothing store.
New invoice of those black and colored
corsets at the Ladies' Bazar.
There is every indication that fine weather
will prevail until after harvest.
FredJTates spent Sunday in Crawfords
ville. He reports crops fine in that section.
A family's weekly washing done perfectly
white as snow iu twenty minutes by the
Buy a Pacific for yonr wife and she will
greet you with a smile when you go home
J. W. Will is prepared to furnish bicycles
of all kinds at the lowest prices. Also
The city marshal requests that the grass
growing in some of the back streets be im
mediately cut down.
Boys may be had (and sometimes girls)
for ordinary service at wages, or upon in
denture,to work, attend school, and be
brought up somewhat as your own; and
children may be had for legal adoption.
Address, E. T. Dooley,
Supt. Oregon Boys' and Girls' Aid So
ciety, Portland Oregon.
A Long Journey. Monday evening a
travel stained pilgrim from the "other
land," driving a pair of gaunt, weary mules
attached to a dilapidated wagon arrived in
this city. He had been a resilient of North
Dakota, and his crops were ruined this year
by the late frosts which that country is fa
mous for. He and a neighbor left there and
traveled overland in a wagon. They were
in search of the "better land" they had
heard so much of and were determined not to
stop till they had fouud it and they did
find it. One of the men went to work near
Lebanon and the other came here. About
the first man he accosted was Uucle Jimmy
Hayes, of whom he inquired for work. Mr.
Hayes happened to know that Geo. Houck
wanted a man and in less than half an hour
after his arrival here he had work. This
is the kind of men we need here, who have
the nerve to start out to better their situa
tion and after finding a favorable place aie
willing to settle down and go to work.
They will probably send for their families.
The trip occupied between 80 and 90 days.
They are both surprised and pleased with
our country the universal verdict of all
CHANGES OF CLIMATE
Kill more people than is generally known.
Particularly is this the case in instances
where the constitution is delicate, and
among our immigrant population seeking
new homes in those portions of the West,
and where malarial and typhoid fevers pre
vail at certain seasons of the year. The
best preparative fur a change of climate, or
of diet and water which that change neces
sitates, is Hostetter's Stomach Bitters,
which not only fortifies the system against
malaria, a variable temperature, damp, and
the debilitating effects of tropical heat, but
is also the leading remedy for constipation,
dyspepsia, liver complaint, bodily troubles
specially apt to attrack immigrants and
visitors to regions near the equator, marin
ers and tourists. Whether used as a safe
guard by sea voyagers, travelers by land,
miners, or of agriculturalists in uewly popu
lated districts, this fine specific has elicited
the most favorable testimony.
The Megginson Case Ended. In the
Megginsoa contest case which was tried in
the county court last winter, and the decis
ion of which was appealed to the circuit
court at its April term, has been settled in
favor of the defendants; the decree of the
circuit court being that the connty court
from which the appeal was taken committed
no error in its findings or fact or conclu
sions of law, and that said estate be settled
according to the final account of Adminis
trator Briggs, and that contest be dismissed
at the cost of the contestants. It will be
remembered that Megginson died at the
bay last winter and left hi property, in all
amounting to several thousand dollars, to
his wife, who was an Indian woman. His
relatives in the East contested the case on
the ground that his wife was not a citizen
of the United States and that she could not
legally hold the property. The courts think
Local Organization. It is known by
most all that there is an association known
as "The State Business Men's Association"
which has been organized for the protection
of the business men in the state in which it
exist 8, and in case a man is bad pay he is re
ported to this association and bis name is
published on the list of debtors which is
forwarded regularly to the members of said
association ar,d kept by them for reference.
The business men of this city will meet at
the First National bank next Monday and
organize a local association of the same na
A New City Hall. Steps were taken
in the city council at their meeting last
Monday night for the erection of a new city
hull tn pnt not exceeding 28000. and a com
mittee will be appointed to have plans and
specifications drafted at once. The struc
ture will be mads of stone and brick and
work will be commenced in a short time.
This building will add greatly to our al
ready large list of public structures.
VT rln,t- n fha nnhli T wish to 8SV
A'J I ' " " - - -
to my friends and the public, that I regard
ru..nKoin;n'a iv.br. cholera and Diarrhoea
Remedy as the best preparation in nse for
Colic and Diarrhoea. It is the finest sell
ing medicine I ever handled, because it al
ways gives satisfaction. 0. H. Clark,
Orangeville, Texas. For sale by T. Gra
For Bird cages and extras go to J.
For first class grub-oak wood, go to
J. Wm. Will's.
J. Wm. Will leads in pocket knives,
razors and scissors.
ChildrerrCry for. Pitcher's Castoria.'
THE OEEGON PACIFIC E. B.
A Little Light on the Affairs of this
The following article published in Thurs-
day's Oregonian will throw some light on
the affairs of the Oregon Pacific Railroad
Company and will be of interest to the many
readers of the Gazette.
The New York Herald says that war has
been declared among the bondholders ot the
Oregon Pacific railroad, and asks where are
the bondholders of the $11,000,000? The
first gun was fired, says the Herald, when
Bondholders Joseph Wharton, Samuel S.
Sands, John 1. Blair, Alexander Browa and
Dillwyn Parrish printed an advertisement
calling upon all other men who held the com
pany s bonds to join them in an ettort to
oust Receiver and ex-president T. Egeuton
Hogg aud his associates from control of the
enterprise. The advertisers claim that
$15,000,000 worth of bonds have been eaten
up in the process of buildiug and equipping
less than one-fourth of the railroad whose
total length shall be COO miles ana whose
total cost was estimated not to exceed $15,
000,000. Receiver Hogg aiul his partners
declare that the $15,000,000 worth of bonds
already issued under their administration
has ben legitimately used in building tne
road. Both sides have settled down for a
long siege. Whoever wins will have control
of a railroad that runs through a rich coun
try and has no parallel road to tight. The
territory it serves and is to develop is almost
as large as the states of New York and
Pennsylvania together, full of minerals and
iucludinga vast belt of splendid farming
country. The road begins at Yaquiua, a
town on Yaquina bay which is upon the
Pacific ocean. Thence it runs eastward over
the Cascade mountains at an altitute of
3400 feet. At present the eastern terminus
of the road is the new city Coe, named after
President George S. Coe, of the American
Exchange National bank. Coe is 140 miles
from Yaquina. The 460 miles of road still
to be built between Coe, Ur.. ana uoise ity,
just across the state line wdl be easily ac
complished it is said. In the meantime, war
is rasing between the bondholders, and the
question as to what became of the $ 15, 000,
000, promises to lead to many interesting
The Orecon Pacific railroad company was
organized in 1880 with a capital stock at the
rate of $30,000 a mile. Colonel . cgenton
Hogg has been, from the beginning, oue of
the prime movers iu the enterprise. He
was largely instrumental in obtaining the
land grant 850,000 acres on whish the $15,
000,000 worth of bonds has been issued.
This grant was originally owned by tne
Willamette Valley and Cascade Mountain
Wagon Road Company, who gave to the
Willamette' Valley k Coast Railroad Com
pany the Tight to become owner oi tne
lands on pavfneut of 8600,000. This pay
ment has never been made, although a-teu-der
has been made. The Oregon Pacific
Railroad Company owns more than seven-
eights of the capital stock of the Willam
ette Valley & Coast Kailroaa company.
The hundred aud forty mites of railroad
T -1 - f iL. I k ' 1 .
now in operation was ouuo oy tuexacuic
Construction Oouipauy, it is understood.
WHO TUB "KICKERS" ARE.
Joseph Wharton is one of the wealthiest
financiers in Philadelphia. Samuel S.
Sands & Co., brokers, of No. 10 Wall
Btreet. James I. Blair is closely related to
and represents Jonn J. Blair, of Blairstown,
N.J., whose wealtb is said to De as great
as Jay Gould's. Alexander Brown is the
head of the firm of Alexander Brown &
Sons,, bankers, of Baltimore. This is the
parent house of Brown Brothers & Co., of
New York, and Brown, Shipley & Co,, of
London. Dillwyn Parrish is ot tne tirni ot
Parrish & Peudleton, counsel to the bond
holders who published yesterday's adver
tisement. In it they say they represent
holders of $4,000,000 worth of Oregon Pa
cific bonds. They call upon other bond
holders to join them iu a re-organization
scheme, which shall oust Colonel T. Egen
tou Hogg aud his fiiends from control. It
is a fact that on October 1, 1880, the Oregon
Pacific Railroad Company gave a mortgage
to the Farmers' Loan anil Trust Company
to secure the paymeut of $lo,000,003 worth
of bonds, the proeeds of which were to be
used in building and equipping the road.
The bonds were for $1000 each, bearing in
terest at 6 Der cent, aud "limited in issue to
$25,000 per mile of said railroad." Default
was made on coupons uue uctooer x last,
and President T. Egeuton Hogg was ap
WAR TO THE KNIFE.
In yesterday's advertisement the protest
ing bondholders say:
Bv the fourth article of the mortgage of
October 1, 1880, the railroad company bound
itself to sddIv the net proceeds arising from
the sale of the bonds iu the first place to
the liquidation and discharge of the en
cumbrance, amounting to about $600,000,
upon the land grant, and the same article
further provided that the proceeds of the
first issue, to the extent of $3,250,000
principal, should be appliedin the
first place to the satisfaction of the
said incumbrance on the land grant
and the construction and equipment
of the first 130 miles of road, and the bond,
which is set out in full in the mortgage,
further declares that the issue of bonds is
"limited in issue to $25,000 per mile of the
said. railroad." In fact, the encumbrance
on the laud grant has not yet been paid and
ouly 140 miles of road have been completed,
while the entire $15,000,000 of bonds have
been 'issued and are ontetnading in the
hands of purchasers and pledgees.
In view of these facts the holders, uniting
in this agreement, do not think it wise to
leave the reorganization iu the hands of the
old management, as contemplated by the
nlan eminatim from the officers of the com
pany, for which signatures are now being
""Mr." John I. Blair and Mr. Osgood Welsh,
whose names, like that of Mr. Alexander
Brown, have been published as directors,
either despite their protest or without their
knowledge or authority, authorize us to say
that they uuite in this movement.
Here is the full list f the directors of the
road, according to Poor's manual:
John I. Blair, Blairtown, N. J.
Osgood Welsh, No. 41 Wall street, New
York. . .
Norman S. Ben tley, third vice-president,
treasurer aud assistant secretary. No. 45.
William street, New York,
H. C. Atwood,
George S. Coe, president of the American
Exchange National bank, New York.
R. S. Minturn, No. 45 William street.
R. G. Hazard. Peacedale, R. I.
Alexander Brown, Baltimore.
William M. Hoag, vice-president, Cor
T. Egenton Hogg, president.
Also Wallis Nash, B. W. Wilson, Thos.
Graham, Zephiu Job, G. Farra, T. E.
Cauthorn, li. R. Job, E. A. Abbey and A.
Stackleman, all of Corvallis, Or.
THE ANSWERING GUN.
The Oregon Pacific railroad company has
a pleasant suite of rooms at No. 45 William
Street. Receiver aud ex-president T.
Edgenton Hogg was thete yesteiday morn
ing, but went away very early. Later iu
the day Norman S. Bentley was found in
charge. He ia treasurer, assistant secretary
and third vice-president. When asked
what he had to nay to the proclamation of
the dissatisfied bondholders he handed out
the following carefully prepared statement:
Wepre inforrried that Mr. Joseph Whar
ton and others, claiming to represent
$4,000,000 of the $15,000,000 of the bonds
of the Oregon Pacific Railroad Company
must include in their $4,000,000 a large por
tion of the bond) held under pledge, on
which only a percentage of their par value
has been advanced. The claim ofthese gen
tlemen, however, to represent that much is
a confession that they do not represent the
remaining $11,000,000, the grester portion
of which is held by actual purchasers. Ail
of the real holders of the bonds which
these gentlemen claim to represent have
been completely advised with in respect to
the entire financial position of the company,
and with respect to the issue and the reason
for the issue of the bonds outstanding, either
in the hands of a purchaser or a pledgee,
and said real holders have repeatedly and
continuously approved the action of the
company in respect to all of such issnes.
Respecting the failure to pay the advance
of indebtedness ou the lands, the amount
due was tendered and performance demand
ed from the claimants of said balance,
which performance they have been unable
to make thus far, and, therefore, such pay
ment was, by the circumstances rendered
The failure of two of the gentlemen whose
names are signed to the paper, and of Mr.
John I. Blair, to whom they refer, to re
spond to the request of his and their fellow
bondholders tor co-operation in protecting
the interests of the company, is and has been
a sufficient explanation for the company's'
embarrasmeuc. The insinuation contained
in the statement that the mortgage contain
ed a limitation of the issue to $J5,000 per
mile of completed road is an attempt to mis
lead the public, all of the bondholders hav
ing been fully advised of the rights and ac
tion of the company from the first.
The quotation from the bond, by which
they attempt to sustaiu their insinuation,
is merely given in the bond as a measure of
the entire amount of the mortgage, aud not
of the right to issue bonds per mile, as all
purchasers of builds were advised that the
heavy expenditures oj company were
necessary at aud before the commencement
of the work.
Iu respect to the publication ef the names
of directors, Mr. John I. Blair gave abso
lute consent to his election as a director
Mr. Osgood Welsh not only accepted the
oliice of director but as a specially appoint
ed director acted for a term of years iu the
place of the president, in his absence, in
countersigning the checks and vouchers of
the company, for him. Mr. Alexander
Brown was elected as a compliment on the
death of his father, General George S.
Brown, and never declined the oliice uutil,
partly iu consequence of his wu refusal to
co-operate with the great mass of the bond,
holders in protecting the property of the
company, it had become embarrassea.
It is due to the great mass of holders of
the secureties of the company to say that
some of the gentlemen who permitted their
uams to be used in connection with this ad
vertisement have very large interests in
other companies, which interests might be
promoted by a sacrifice of their interests in
the Oregon Pacific Railroad Company.
tit 4. ...1.1 .......I tl.Qf. " aiirl
Mr. Beutlev. He would not give tli3 name
of any man mentioned iu the last paragraph
as oue of those who might desire to see the
Oregon Pacific wrecked.
AS TO THE TRUST COMPANY.
The reporter asked President R. G. Rils
ton, of the Farmers' Lau and Trust Com
pany, why that company had issued $15,
000,000 worth of bonds of the Oregon Pa
cific Railroad Company to build 140 mUes
of road while the bonds were limited to $25,
a mile or $3,509,000 in all.
"I must refer you to our counsel, Mr.
Herbert B. Turner," said President Rats
ton, with a smile as placid and urbane as if
he had never heard of the hostile Whartou
and Blair faction. Mr. Turner did not want
to say one word at first, but finally he dic
tated this statement:
"The bond contains a provision that the
bonds shall be issued not exceeding $25,000
per mile; it does not say of completed road.
The mortgage states that the bonds are to
be issued to the extent of $15,000,000
equal to $25,000 a mile for all the full ex
tent of projected road. Now, the mortg
age contains a provision that the trustees
shall certify bonds and deliver them to the
railroad company ou receiving certain cer
tificates from the executive committee that
the bonds are needed for certain specified
purposes. The trust company, ou receiving
such certificates, certified all the bonds
from time to time aud delivered them to the
"The question is probably made as to
the right of the railroad company to sell
bonds at the rate of more than $25,000 per
mile of finished road. I presume that the
I railroad officials claim that the limit in the
uonas oi $zo,uuu a nine uia not nieau com
pleted road, because if it did then the pro
visions of the mortgage as to issueing bonds
ou these certificates would be meaningless,
and that, reading the bond and mortgage
together, the only construction that would
reconcile them both is that the bond means
$25,000 a mile for projected road."
"Is it true that the Farmers' Loan and
Trust Company hail a made tender of their
certified check for the $600,000 due on the
"As to the lands," he replied, "the trust
company holds that it has tendered the
amount due on the lands, and that the lands
therefore, have been saved for the bond
BTRECTOR WEIjSH PBDTK3T3.'
"I have iiot oufe word to say," saidBrokc'f
Osgood Welsh, when asked if lwr was1 not m
director of tlwj Oregon Pacific-
"But your name is published as a direc
tor." "Without my Consent' said Mr. Welsh.-
HOW IS Hits, MR. WELSH?
"Mr. Welsh's memory must have failed!
him sadly," said Treasurer Bfefftley,- of the-'
Oregon Pacific, when tltey told hint what
Mr. Welsh had said. "I can show you let
ters, checks, aud otter vouchers to prove
that Mr. Welsh has acted for the president
of the company, aud with his own cotisent,
too. Some day, perhaps, I will give you
the entire inside history of the present ditli1-"
"I never was informed of iriy election as:
a director of the Oregon Pacific Railroad.
Company uutil I read it in Poor's manual,"
said Lawyer R. S. Mmtrun. "I have never'
acted as a director or received any notice to'
attend any director's meeting. I have signed
Receiver Hogg's reorganization agreement
on behalf of myself and family, however
We have faith iu the present management."
Director Geo. S. Cc,- president of the'
American Exchange National bank, is not1
oue of the Wharton-Sauds-Blair party. He?
said, however, that he was in favor" ot any
reorganization scheme that would protect
"How do you account for this aTfeg'Sd'
over-issue of bonds to the extent of $11,-'
"Oh," he replied, "that Is purely tech
nical." By bending a card in the shape of at
letter S Mr. Coe made a tine topographical
nap of the first 140 miles of the railroad,
the building of which has called for the issue7
of $15,000,000 worth of bonds. From- this
point to the end of the projected road,- Mr?
Coe said the cost of building would be much?
"Are you president of the construction?
company that bu ilt the road?" -
"I am not," was his prompt reply.
"What is your interest, then, if t may
"Simply that of a bondholder," said Mr.
Coe. "I refer you to Mr. Bentley, whocaif
give you full information.
WHERE ARE TUB $ 1 1 ,000, OOOt-
A gentleman who represents many of the-'
disatislied bondholders said:
Out of the whole issue of Slo.OOO.OOO1
bonds outstanding from $11,000,000 to HV
000.000 worth have been sold, and between?
$7,000,000 aud $8,000,000 cash ln-.s been re
alized. What h:u become of the ch.mIi?
Five millious of the bonds have been pledg
ed to secure a debt of about $3,000,000.
Ten millions of dollars have been spent
What is the result? One hundred and forty
miles of road and a few miles of gradiiigr
three small steamers two of them river"
boats and there is a prior lien on one of
them. Receiver T. Egeuton Hogg has is
sued $800,000 worth of receiver's certitf
cates. These take precedence of the bonds.
Two million dollars have been spent in pay
ing the interest on the bonds from time to
time, and $1,600,000 in brokers' fees and
commissions. Where are the $600,000 that
were tendered to the present holders of the"
land grant? Has the Farmers' Loan aud
Trust Company got it? We want to know
where it is. Experts who h ive baen over"
the line have reported to us that the cost
of building the 140 miles of road eould not
have cost more than $4,000,000. be
then, are the $11,000,000 left over?
AGRICULTURAL COLLEGE NOTEi-
Although it is vacation at the state agri
cultural college for the students, there is
no rest for the professors. Everything;
about the institution is activity.
Work on the new students hall for the"
boys is progressing rapidly, the seven foot
stoue basement is about one-half completed
aud a large amount of the lumber and ma'
terial is now on the grounds while the'
balance is being prepared aud is on the way
The chemical labatory to be situated1
about 300 feet south of the present college--building
will be built this fall, the remain
der of the building will not be completed1
until next year.
The main college building is being over
hauled, kalsouiiued aud a ueW itoor put iu
The dormitory heretofore used for the'
boys boarding " hall, is being pape e l
throughout aud all the wood work painted,
the contract having beeu iet to W. E. Pau'
The building will he finished in elegant
style by the time college opens next fall aud
will be occupied by the girls in the future.
Prof. B. L. Arnold left last week for
California, for the purpose of visiting various
agricultural colleges aud gathering poiuts on?
the work of such institutions in the other
states. He will be absent about six weeks
The annual catalogue for 1801 aud 189:?
is printed and will be out in a few days.
On the farm workmen are busily engaged
in harvesting the various varieties of grain,
grass, etc., which have been experimented
with during the past season, and they have
gathered some very fine specimens to add;
to their exhibit. As a result of this sea
son's work on the farm under the direction
of Prof. H. T. French, we are informed
that 100 varieties of wheat, 150 varieties of
grasses and fodder plants, 500 varieties off
E)tatoes and about eight varieties of corn
ive been grown and experimented with.
Prof. F. L. Washburn is busily engaged
in looking after the insect pests, the codliit
moth, hop louse, etc., which at this par
ticular season of the year require his closest
attention. The results of his investigations
will be made known iu the regulaf btrHethf
which will be issued later in the season,
and will be mailed free of charge to any ad
E. F. Pernot, who was appointed" at the
last meeting of the board of regents to' take
change of the photographic departmentr '
enuarrod in photographing specimens,- eto.f
for illustrations trr be used in httfletins1
soon to be issued. He has also- received at
outfit for making- the cuts direct from ther
photo plate, by a new process' of his- own
Albert Erwin, editor of the Leonard,
Texas, Graphic, says: "For the cure of
cramps- m the stomach Chamberlain's Colic
Cholera, and Diarrhoea Remedy is the best
and most speedy I ever used." Many
others who have tr".ed it entertaiif
the same opinion. For sale by 1, fcfabaKr,