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About Oregon sentinel. (Jacksonville, Or.) 1858-1888 | View Entire Issue (Oct. 10, 1885)
f 0REG01 SESIINEL. JACKSONVILLKi Saturday, October 10, 1885. The Arrangement. Certain proceedings are bow going on in London, says the Yreka "Jour nal," which teem to poiat to the prob able absorption of the Oregon k Cali fornia road bjr the Central Pacific, of California, Application baa been made to the London stock exchange to allow a quo tation for the Oregon k California committee's certificates, representing the first-mortgage bonds. These beads are deposited in compliance with the prorisional arrangement made by the directors with the Central Pacific railroad company, by which it was agreed that the Oregon k California bond-holders should receive SI, 150 of new Central Pacific bonds, bearing 3 per cent, for two years, and 5 per cent, thereafter for each bond of $1,000. Shareholders are to receive, for two preferred shares, upon the payment of an assessment of $14 per share, one share of the Central Pacific, and for foar ordinary shares, upon the pay ment of 3 per share one share of Central Pacific stock. The Oregon k California company has $12,000,000 preferred and $7,000,000 eotomon stock outstanding, so that the Central Pacific company will be called on un der the agreement, should all the stockholders pay their assessment, to issue $7,750,000 of its own stock and will receive $690,000 Jn cash to ward the expense of completing the road. 'This arrangement makes the Cen tral Pacific a large owner of the bond f the Oregon k California. It is un derstood that the plan Jineludes fore closure of the Oregon and California, under which the road is to be bid in for the bond holders, thus cutting off both the preferred and common stock. This done, the Central Pacific is to take possession under a lease, and guarantee a certain amount to first mortgage holders. We cannot say that this is all fully settled yet, but it is believed to in'be course of settle ment; and to this fact is doubtless to be ascribed the renewal of construe tion work in California. The Central Paciic, then, is to own the Oregon and California lines. San Francisco, Oct. 4. The Chron icle editorially Rays: "If the report from Tietsin is correct, Judge Denny, late Consul General to Shanghai, has "fallen into a yery pleasant place. He lias been selected as foreign adviser of the Emperor of Cores, with a salary f $12,000 a year. If this report proves to be true, it will also be a good thing for American trade. If Corea lias anything worth exporting, our merchants will be apt to have as good a show as the British. It will take all of Judge Denny's diplomatic abili ty, however, to hold the place, as he "will have to encounter Russian and .British intrigue." "When the Senate meets there will "bo a list of between 500 and 600 post masters appointed during recess sub mitted for confirmation. In addition, it is estimated that during the session of Congress the terms of at least 600 postmasters will expire, so that nomi nations of over 1000 postmasters will come before the Senate during the next session. There are 2335 presi dential postmasters in this country and at the rate observed during the past six months all the presidential postmasters will be changed in two years. The news conveyed in a floating item that real estate in Jerusalem is enjoying a "boom" is altogether satis factory. For the last thousand years the real estate market in Jerusalem lias been much depressed, rents have fallen off, and suburban property has irug in tbe Tl change is notable as indicating a bet tsr tone to trade generally. We look upon this real estate boom in Jerusalem as one of the healthiest symptoms of the times. The "off" year in politics always helps things. BUte elections will be held this fall at follows: Ohio, October 13; Vir ginia, November 2; Iowa, Minnesota, New York, New Jersey, Pennsylvania and Massachusetts, November 3d; Con necticat, November 4th. These elec tions will serve in a great measure to denote the drift of political opinions, and will serve as straws fer calculating the results ef 1653. From the tone ef the papers of both parties in Ohio it is plain that the prohibition vote is looked upon at the only hope of the Democrats for suc cess. They are encouraging it all they can. Should it draw 20,000 otes away frosa the Republicans the Demo crats say the Stale will surely be their own. St, John's vote in Ohio was 11,069. The Oregon California. The information thus far published from time to time, relative te the Central Pacific having secured control of the Oregen k California company's possessions, has been mere or lets vague. On the 31st day of Jaly last both compaaiss entered into a written agreement by which the Oregon ds California were to sell their property to the Central Pacific This agree ment was published in Loudon on the 15th of last month. The salieat points of the agreement are at follows: The Oregon and California agrees te sell to the Central Pacific all its railway lines (about 451 miles) and their tppurtenanees, its rolling stock, applies and equipments, lands re maining unsold at the date of the agreement, and all its right and fran chises granted by the United States. The transfer of the property is to take place on or before the 1st day of July, 1886. The terms of the sale are as follows: For-lhe ,000,0l0 or thereabouts of first mortgage bonds now outstanding, issued at the rate of $20,000 per mile, the Central Pacific will issue bonds at the rate ef $30,000 per mile to the amount of $10,500,000 payable in forty years, bearing interest at the rate of 3 per cent, for the first two years, and 5 per cent, thereafter. It is likely that the O. and C. will trans fer the property to a new company to be organized for the purpose, and that the Central Pacific will guarantee the bonds of this new company; however the bonds may be secured by a mortg age oa the" property. The difference between $9,000,000, the present in debtedness,1 and 10,500,000, the amount of the proposed new bonds, is accounted for in this way: Tbe present bondholders have received no interest for a year, and will receive none on the' first of January next. One year and a half at 6 per cent, is 9 per cent. loss. Then they will re ceive only 3 per cent, for the first two yeara; another loss of 4 psr cent. So the extra issue of $1,500,000 will a little more than cover past and pros pective losses. The stock of the O. and U. is $19, 000,000 $12,000,000 preferred and $7,000,000 common. This will be taken up by the issue of $8,000,000 Central Pacific stock, viz: one share of CentralPacific stock for two shares of O. and C. preferred, and one share of Central Pacific stock for four shares of O. and C. common. The Central Pacific agrees to com ple'e the connecting link between Ash land and Delta within three years of the date of the transfer, te as to form a through line between Portland and San Francisco. The eleventh article of agreement reads: ''This agreement shall be void unless the stockholders of the O. and C. shall within two months from this date (July 31) ratify this agreement; and the two committees now formed, respectively in London and Frankfort, representing the first mortgage bond holders, shall, within the same time, execute in due form a confirmation and acceptance of this agreement. It is stated that at a stockholders meeting held in Portland on the 30th alt., the agreement was ratified and there is hardly a doubt that it was alio ratified by the bondholder's com mitter, though nu definite information on the vnbject has been received here. Practically the Oregon and California railroad company has consented to sell upon certain terras, subject to approv al of the bondholders; the Central Pacifis has agreed to buy upon those terms. It seems more than likely that the bondholders will give consent. "Oregonian." Senator Dolph has written here de nying the report that he recommended Anthony Nolter for the position of Postmaster of Portland, Oregon, as hat been extensively published. He. says he mst Noltner, and, at hit re quest, simply introduced him to the President, without having any idea of endorsing him forthe office. Senator Dolph says he has net recommended any one for the position referred to, nor does he intend to. Noltner has been in Washington for some time, pressing his claims. No derision has yet been rendered. He bat some strong recommendations, and there are tome strong protests against him. The arguments favoring the calling of a special session, ssjs the Eugene ".Register" are accumulating. Vari eus rumors are floating concerning the matter; one of the latest is that there will be no session hut that Moody will resign and Earhart who would then be acting governor is t appaiat hisa. Whin Baby was sick, we gave her CASTORIA, When she was & Child, she cried for CASTORIA, When she became Miss, she clung to CASTORIA, When the had Children, the gave them CASTORIA.! A. H. Maegly & Co Successor Bilger & M aejrjj . Belling goods for Glory and Very Small Profits. We keep in stock all kinds of Shell Hardware, Stove and Tinware, Oils and Plows, WagonSj Harrows and Cultivators, Lamps, Bells, Rope, Iron, Paint and other Brushes, Curry Combs, Tacks, Window glass, Coal oil, Hinges, Blacking, Pad locks, Door locks, Powder and Shot, Fues, Caps, Sand Paper, Knives and forks, Cross cut saws, Hand saws, Planes, Nails, Traps, Grind stones, Bolts, Augers, Cable chain, and many other goods too numerous herein to mention. Largest Stock of Hardware and Farm Implements in Southern Oregon. Call or write for prices. A- H. Maeglt & Co, Jacksonville, Oregon. CRONEMIJLLER JACKSONVILLE. Agents For LaBELLE wagons, buggies and hacks, lansing riding harrows with seeders combined, buford cultivators and spring t ,oth harrows, mcsherry grain drills and broad-cast seeders, buford plows, all styles, collins cast cast-steel plows, randall pulverising harrows, CIDER MILLS, FANNING MILLS, CORN SHELLERS, HAY OTTERS. FAIRBANKS SCALES, COOPER'S ENGINES AND SAW-MILLS, CHALLENGE WIND-MILLS, CHALLENGE GRAIN CRACKERS, Etc. EXTRAS SERVED ON SHORT NOTICE- "We wonld respectfully aak our patrons and frieuds to call and see our fine of goods before purchasing elsewhere, as we feel snre we can ' Sell As Low If Not Lower Than any first-class goods can be sold for; and we guarantee all our goods as represented. CRONEMILLER AND BIRDSEY. Jacksonville, Oregon, May 0, 1884. sfjiisr esw isssfcssTHP2isi'2is'''EEjB fi&4 I fir 1S I S I 1 1 A 1 HL 7 am Vyy ML Jff j W jf ffl in for Infants "eMtartatsnwenadsptedtoefcndrentliat I IreconaaendltassoperiortoanriirescriDUon I - T . r r . some." H.JLAaaim,u.D.. I 111 ie.Oei4 Bt, Broila, H.T. TObout Injurious medication. TBS CtrtiCl CoxFiST, 183 Fulton Street. K.T. Frank Brothers Implement Company, DEALERS IN Faring Mill Machinery BUFORD'S WALKING PLOWS, HODGE'S DOUBLE DRAPER Headers LaBELLE WAGONS, WALTER Av WOOD'S MOWERS, McSHEhRY DRILL AND LEEDERS, REAPERS, TWINE BINDERS, BUFORD'S GANG & SULKY PLOWS, COATES SULKY" RAKES, BUFORD'S RIDING AND GEAR, SCOTT k CO.'S Engines k Threshers, WALKING CULTIVATORS, COOPER k CO Saw Mill Machinery, RAW DALL WHEEL HARROWS, CARRIAGES, SPRING WAGONS, THE CELEBRATED HOLLO .VTOOTH, BUCKBOARD WAGONS, HARROWS, Etc, Eta, Etc. A Full Line Of Farm Machinery. Write for catalogue. Address either FRANK BROS. IMP'L. CO, Portland, Or. Or, R. W. PORTER, Agent, Oregon City, Oregon. apr 11 3 m GENUINE CLOSING SALE nTr,nc fn ill nfalth-fln4-ffmrt-fmrnml ed to retire permanently from the mercantile business, and therefore offers for sale his entire stock ot ..--- GenH. Merchandise At the Old Ashland Store, At San Francisco Cost ! The Store and OFFERED Asliland, Or., June 26, 1885. AUCTIONEER. Having taken out the necessary license, I offer my services to the public as a General Auctioneer. AH business in my line will be prompt ly attended to at reasonable rates. Satis, faction guaranteed. For further particu lars enquire ol or address, ii. A. O wbk, Central Point, Or. to ' T-" WBIRDSEY, and Children. Cutorla cures Colic Constipation, Soaz Btomsrn, Diarrhoea, EructaUon. villa VTnma Wm4 eln .n.1 nntmoM OX. rL,,r- " v - - ifflnltifi, iht- ntiilrrnirnH has conclud i' Fixtures will be FOR RETLSTT. J M. McCALL liaatOalX TO WHOM IT Jf IT COCEKXl As we are closing up our business here, all who are indebted to us are hereby requested to come forward and settle without unnecessary delay. Rkahes Bros. SKTVdhfiriper day at home O X J USamulea worth $3 free Address brnraos '? ?rctfnd,Me vSsilST E TO OFFSET The Dull Times NEWMAN FIMIE1 Kea wired his goods down to Hard Times PricesJ He will sell you MORE GOODS for LESS MONEY lhan ever b&fore sold in Jacksonville. His stock is AS GOOD AS THE BEST, And his prices will ASTONISH YOU! It is needless to enumerate the articles he has to sell, as he keeps everything to be found in a first-class General Merchandise Store When iu town give him a call and he will show you goods fct prices that will KNOCK THE HARD TIMES Idea clean out your head. r- I His stock is varied and complete, and you can hardly ask for anything he hag not get. Remember the plac(! coroner of Cali fornia and Oregon streets. Highest Market Price PAID FOR FARM PRODUCE! tSCM and sec if this advertisement is not as true as gospel. NEWMAN FI-HER. niMUS EMPORIUM! Jacksonville, Oregon. JOIIX MILLER, - Proprietor. DEALER IN ALL KINDS OF AGRI cultural implements, tools of all kiDds nnd a general assortment of shell hardware. &&&? He also keeps the largest stock of, and all the latrst improvements in GUNS AND PISTOLS, AND A miJ. ASSORTMEXT OF Fisbisg Tackle, Powder, Shot, Etc ALSO LAMPS, CHANDELIERS, AND AIL KINDS OF OIL. Give him a call and examine his stock before making your purchases. JACKSONVILLE NURSERY A. S. Johnson, Pro. As the demand for fruit trees is so great in this valley I have started a Nur sery in this place and will raise nothing but the finest varieties. This year I will sell from theWoodburn Nursery as usual and also lrom me ceiCDratca Alameda Nursery. Oakland Onl. The following are some of the leadiug varieties I will keep: j.Joaoxios, Early York Brlggs Red May. E. and L. Crawford's htump World. Wale's early sal way. Amsden Susquehannah. Alexander Mary's Choice. Orange Cling Yellow Bergen. Lemon Cling and many more. IPx-imosi and Plums. Pettite Pruned'Agoa Peach Plum. Italian Prune YellowEgg. G old en-Emne Coc'sfloMeirlJrop. Grosse Frune israasiiaw. St Cathrine Prune Japan Plum. Cherries, Nectarine, Apricot, Qiunce, Apple, French Goosberry, Oregon Cham pagne Berries, and all kinds ot ornament al and shade tree3. Criterion Billiard Saloon CALIFORNIA ST., CATON &. GARRETT, Proprietors. THIS popular resort, under new man agement, is furnishing the best brands ot liquors, wines and cigars. The reading table is supplied with Eastern periodicals and leading papers of the Coast. Gh e mc a call. F.RITSCHARD, , PCtAOTIOAL Watchmaker ad Jeweler, California Sreet, M AKES a specially of cleaning and re pairing watches and clocks. 3ft d wrii are reasonable. Give me a call to !?i?,r"-"w-sr Sheep For Sale. The undersigned has 250 head of good mutton sheep and 300 head ol stock sheep which he offers for sale at a bargain. Call on or address me at Jacksonville P. DOSESAK. i 2. THE JLAUIES Of Southern Oregon, are hereby informed mat in addition to a large ana elegant line of MILLINERY I have added to my stock the following clas3 ot goods, of which I have a full line: Ladies' Furnishing Goads, Both Knit and Mtulin. Infants Wardrobe Complete, As cheap as to he bought any place; also CH1LDRENS' SHORT CLOTHES, Under 4 years old. A beautiful line of HOSIERY! Consisting of Lisle and Silk. Gloves, Handkerchiefs, Corsets, And many other things too numerous to iueutiuu. i uaTe aiso secureu me services of a FIRST-CLASS DRESSMAKER, AVannta -oil nwtaM T I xr.i-O'"-. J And am prepared to" execute all orders in that line in first-class style at reasonable rate. Call and see me at the building form erly occupied by A. L. Johnson on Call- lornia street. ju.ua. r. r. luti-M.. M333M3 SILAS J. DAY, Notary Fublic, Rial Ebtate Agt. Abstracts made of Titles to Lands. Xiognl Poem m onts Of all kinds drawn up, especially pertain ing to thu settlement of estates. Collector of Accounts Prompt Remittances. Investment Securities a Specialty. Jackson County Scrip Bought and Sold.' I have a complete set of Maps of all Surveyed Lands in this county, and re ceive abstracts monthly frm Roseburs ul all new entries mule. I am thus pre pared to make out Homestead and l'rc emptioi pipers, nnd can tliU3 save to pir tirfnhe expense of a trip to Roscburg Land Office. SeNeral fine farm3 arc in my hands tor sale. Prompt reply made to all letters. Charges in accordance with the times. Refers, by nermiss'on, to O. i . Beck- man, Zq, Banker; to Him. L. R, Web ster, Judge of this judicial district, and to any business bouse in Jacksonville. Office at south cast corner C.i ifornia and 5th street, Jacksonville, Oregon. SILAS J. DAY MAX MUJL.JL.EIt, "2. O. Building, Jacksonville DEAU.lt IS- General Merchandise. THE UNDERSIGNED TAKES pleasure in infurraiug the public that he has purchased L. colomon's in ttrcst in the POST OFFICE STORE. YTiich will be kept stocked with a com plete and first class assortment ol gmer.il merchandise. I will sell "t Very Seasonable Hates. nr vot MAX MULLER DAVID LINN, AXD DEALER IS COFFZBJ TIHTrII?IlTJGS. COFFINS FURNISHED ON THE shortest notice and cheaper than at any other establishment in Southern Oregon. Furniture of all kinds kept on hand 01 made to order Jacksnvillo Crescent Git) IHail Route, F. McMahon, Proprietors Stages leave Jacksonville every Monday Wednesday and Friday mornings at 3 a m. arriving at Waldo in the evening, where close connection is made next morning lor Crescent City. When the new wagon road is nmsnea about January 13th through tickets to San Francisco will be sold for $18 by this route. Express and order business done at re duced rates. P.McMAHON Proprietor Wool Wanted In -A-Txy Quantitioa, WILL PAY HIGHEST CASH PRICE. Anyone having wool to sell will do well to give me a cal as I am prepared to pay cash for all lots no matter how large of small. Call on or address Geo. JI. Wiixard, Ashland, Oregon. More Wheat Wanted. Ten thousand bnshe's of good, well filled wheat for which I will pay SO cents jjci uusuiii ucincicu a. iuy ujiu iu IUJ3 p ace. To all those wh i- owing me unts, either by note, book c are rcqnestea to pay &t eat for which l-wiil alio el delivered. Jacksonville, u- 1 K.KUBL1, In IIIi New BuiliHn Jajkiwiillr, Grego; DEALER AND WORKER IN SHEET IRON, COPPER, LEAD, Pumps," AGRI0ULTTJRAL,IMPLEME3T3f. NAILS7 A FIKST-CLASS STOCK OF STOVH9 HARDWARE. TINWARE. POWDER OF EVERT DESCRIPTION Fuse and Caps, WOODEN &, WILLOW WARE HOPE,. NAILS, ,. . ,ii. ,, -- . ' i -i cdtlery; WIRE Shet,3rashs, Chains. 2?ass ETC., ETOt I have secured the services of a first class mechanic, and am prepared to do all repairing promptly and in superior style. In connection with the above I am re ceiving and have constantly on hand a full and first-class stock of GROCERIES, DRT-OOODS, GUM Bi'OTS, TOBACCO RKADV MADE CLUTIII.IO, ULASSWAUE.CROCKEUY, ft Everything sold at reasonable rates. K. KUBLI. Jacksonville, 3Iarch 9, 1878. YOU M 1QAD THEM AT E.- C. BROOKS' New Drug Store, Jacksonville, Or. CloOllB. , ,.. i A fine- aworfracut oT8-day clocks, with andt without alarm. w ntolion. Gents', ladies' and boys' gold amt silver hunting-case, open f.xe and skyligktr watches, from o to $150. Sraoolota. A fine lot of ladies' gold band and buijls bracelets. Pingor Hlnca. Diamond and ruby rings, enmro atom' cameos sot with diamond', nmira iet with pearls, garnet and pearls, turquoise and pearl', and onyx rins with Iiiddeo. nv)tloc3, solid golcTband and bangle rings,, plain and solid California rug. Joxeolry. LDiimonds in every shape. Ladies setsn jewelry, trom the so-ccnt, black s.et to the $200 bird sitsofdiamonds. Gents' and ladies' gold chains, lockets, and charms. 3F1xlei txxxxX Buttons. Gents' gold scarf-pins, scarf-slides, stud, and collar-buttons. Sll-trcx Waro, Silver and silver plated knives, forks,, spoons, napkin rings, silver sugar-spoAu. and tongs in cases. ZMisoollanooiis. Gold ana silver thimbles; gold, silver and steel spectacles; and a full stock of every thing in the jewelry line A full assortment of perfumery, toilet soaps, etc. A lot of steel engravings and pictures for children. In short, a complete and first-lass line oti HOLIDAY GOODS. All to be so'd at the LOWEST PRICE! tlso aceordcons, violins, banjos. and li jf't l;""fjl"vtntrrrri'W''pj'TiiiririEs The best sperm oil for sewing machines. A tun line oi Drugs and Medicines. Ib Prescriptions vefull' it compounded) E. iiHOOKS. City Lunch House .!- gnloou. Grob, Proprietor. Fred Having moved to my new stand on CM iiornia street opposite the Union livery stab e I ask my friends and the public generally to give me a call. I keep Leer. Wine aid Cigars and tW A. first class ludch can be had at any time for 33 cents. FRED GROB. EMPIRE HOTEL.. MocUord, Or. J. W. Cnnningban, Prop This commodious and well arranged hotel is now open tbrtlie accommodation of guests and will be kept on the most, approved plan. The table will always be supplied with? the best the market affords. Especial iw ducements are offered the traveling BK Jic J. W. UU.IX.N1NO Kedford,Teb. 23,1881. , : I If