Tillamook headlight., April 06, 1905, Image 2

TILLAMOOK HEADLIGHT, APRIL 6.
1905^
Safe From Sea.
proceeds of the first mortgage bonds of
the company and of the government
S an P edro . Cal.. March 29,-Thecat -
bonds, which aggregated $50,863,172.05,
tain and crew of the schooner C. A.
Fred C. Baker. Publisher.
while the cost of the whole road to the
Klose, which was abandoned at sen in
Article by E. Rosewater on Credit
Mobilier contractors was $50,-
Want Peddling Stopped.
a waterlogged condition, were picked up
the “Credit Mobilier
720,953.94, leaving a difference between
by the schooner Polaris, which arrived
Construction.”
the proceeds of the bonds and the actual
Every year itinerant peddlers infest
here today. All hands are reported well.
cost of t he road $ 142,213.11.
Clatsop county and sell to the farmers
The C. A. Klose, after her abandon­
Construction companies organized and
The natural effect upon the Union Pa­
wagons, implements, ranges and other
financed by railway officers for personal cific system of Credit Mobilier construc­ ment was sighted by the steam schooner
necessaries, for which the farmers pay a
gain have been the most pernicious fac­ tion was that the annual interest rate Chehalis, which tried to tug her to port.
big price and invariably get bilked. All
darkness and
tor in the capitalization ot American was vastly greater than it would have The line parted and
of the goods sold by these peddlers are of
railroads..^.Colossal fortunes have been been had the road been honestly con­ rough weather prevented anv further at­
the cheapest kind and soon wear out.
amassed bv railway builders with a structed and financed, and the inability tempt to save the derelict. The tug
Two years ago a peddler sold a number
comparatively small investment under to earn an amount sufficient to meet Dauntless was sent out in search of the
of ranges to people in the Nehalem val­
our untrammeled system of railway these fixed charges during the first ten Klose, but soon after the Dauntless start­
ley and not one of them lasted a year.
chatering and the failure of national ami years resulted in an increase of the ed word was received that the Klose had
In order to put a stop to this kin<l of
state legislatures to provide safeguards bonded debt by nearly $10,000,000, for turned turtle and had lieen thrown by
swindling, the last legislature passed a
that would prevent promiscuous stoc k which the company received less than the sea on the Washington shore.
la w requiring the county court toplace
The C. A. Klose was abandoned on
watering, and frenzied finance construc­ $7.000,000.
a license of not less than $20 nor more
March 26 ten miles off the Oregon shore.
tion has caused the building of paiallcl
The construction ring organized by
than $500 for peddling. R M. (laston
lines of rail way in territory that could the promoters of the Central Pacific rail­ She was bound from Vancouver, Wash.,
has been circulating a petition the past
have been well served by one railroad . road was even more rapacious and con­ for this port. Shortly after leaving the
week which has been numerously signed
and made it possible to secure rates of scienceless than the syndicate that Columbia River she sprung a leak, filled
asking the countA court to fix the license
transportation based on the cost of ser- • organized Credit Mobilier. The first rapidlv and soon became waterlogged
nt $500 a year and there is no doubt but
vice and a fair interest oil an honest in. thirty-one miles of tlie Central Pacific, nnd unmanageable. The crew took to
the county court will fix the license at
vestment. The methods pursued by the i commencing at Sacramento, were con the rigging nnd remained there for n dav
that price at its next meeting. If these
I
promoters of American railroad builders structed between 1862 and 1S64 at a nnd a night. The Polaris, from Port,
goods are bought of the Astoria mer­
was outlined by Prof. Hadley, now presi- { cost of $22,250 per mile in gold, when land, was sighted, and in response to
chant and prove defective, the purchaser
dent of Yale college, in his work on the greenbacks were quoted at a discount of signals ran alongside the C A. Klose,
can come back on the merchant, but
history of American railways as follows : • from 40 to 50 per cent and the mountain launcned a bont in the heavy sea, mid
when they buy of the Portland swindlers
“An inside ring issues stock certificates ; sections of the road involved an expense alter many efforts succeeded in taking off
they have no recourse. Clatsop county
to the value of $1.000,000, on which of from $40 000 to $100,000 a mile, but the derelict's crew. Captain Wagner
has more suckers to the square inch than
perhaps $100,000 is paid in. They then the average paid by the company per nnd the eight men who were with him
any other bailwick in the world There
publish their prospectus and place on mile, counting the stock at 50 cents on on the Klose are said to be none the
is no trouble to sell gold bricks, stock in
market $2,000,000 of bonds, with which the dollar, was $100,000 per mile, and worse for their experience. Their suffer
oil wells, gold mines or trout farms, or
road is to be built.
They sell the
counting it at par value, $178,000 per ings, they say, were very mild under the
cash anybody’s check. Astorians grab
the bonds at 80, reimburse themselves mile.
circumstances.
at it like a sucker does at a chunk of
the $100,000, advance by charging ' the
liver, and although they get bit every
Por the construction of some portions
The Gentle Cynic.
moderate commission of 5 per cent for
time, they get up early in the morning to
of the road through the Sierra Nevadas
services in placing the loan and have at
Trust
to
luck—if you want to go hun­
bite again.—Astoria Herald.
the contractors, who also were directors
their disposal $1,500 000 in cash.
of the corporation, credited themselves , gry.
‘ These same directors now appear as
with from $300,000 to $400,000 per! It’s bard to be a “good fellow” and a
A Tragic Breakdown
a construction company and award
mile.
The Crocker contracts, which j model husband, too.
themselves a contract to pay $1,500,000
Any one that looks at the map of
embraced the greater part of the Cea- . The less a man has to say, the greater
for work which is worth $1,200,000
is his reputation lor wisdom.
northern Manchuria and eastern Siberia
onlv. Fhe road is finished and probably tral Pacific line, were awarded by the
A floating debt is a poor thing to keep
can see at a glance why it is impossible
votes
of
Stanford,
Huntington,
Hopkins
!
does not pay interest on its bonds. It
for the Russian army to take up a new
I and
ami Crocker, who constituted a majority a man’s head above water.
passes into the hands of a receiver. Pos­
It’s a sure sign that a man is growing
position that will cover vital points in
i of the board of directors, and the pro-
sibly the old management may have an
the situation that has been created by
I tits arising out of these contracts were old when he begins to tell you that he
influence on his appointment. At the
feels as young as he ever did.
the terrible defeat sustained at Mukden
worst, they have gut back all the money divided among these four persons. This
It doesn't take a headstrong fellow to
An army with only one railway as a line
same
singular
feature
pervaded
all
con-
they put in plus the profits of the con
butt
in.
of supply must cover it by placing its
I tracts for construction of branch lines
Charity begins at home, but reform be­
main lines at right angles with the rail­ struction company—in the case suppos­ and repairs, for leases of the auxiliary
ed, 300 per cent.
way. In that position the center is
' lines, for the express business, for the gins w:th our neighbors.
“The bondholders, on the other hand, i
The trouble with an idle rumor is that
across the road and the wings also serve
I
have paid 11,690,000 for a $1,200,000 j sale of coal ami all other materials, all
it is always so industrious.
to protect it. Cut with the army parallel
j
of
which
were
procured
through
the
The winds of adversity have caused
ing the railway and breach in the forma­ road, but the troubles of the bondhold- | intervention of construction companies,
tion pierces the line of communication ers and the advantages ot the old dilec­ ! express companies, or development com­ many a love match to flicker out.
tors by no means end here. When the
We can forget half we hear and not
and a Hank movement can easily break
receiver takes possession he discovers panies, in which these four persons were lose much.
it up at some important point. By re­
substantially
the
only
stockholders.
Idleness kills more people than work.
treating west and taking a strong posi­ that valuable terminals necessary for the
According to the report of the Union
An idea sometimes strikes a man when
tion the Russians can eventually offer successful working of the road are not
Pacific Railway commission the mileage
he is down.
fresh resistance, but to keep their rail the property of the company, but'of the
of
the
main
line
and
auxiliaries
by
the
He finds that the road
Some people have a lot of good in them
way open along its entire length has be­ old directors.
owns a very inadequate supply of roll­ Central Pacific constructions syndicate but the trouble is they don't let it out.
come a simple impossibility.
aggregated 1,34 I miles, constructed at a
An optimist is a man who is married
A fact so clear and undeniable should ing stock and that the deficiency has
cost of $58,341,835 for which the bonds,
and glad of it.
tend to hasten peace proposals on the been made up by the (’ar Trust, also un­
stocks
ami
cash
paid
aggregated
$120,-
The truthful man always catches the
part ol Russia. Alter its Siberian rail der the control of old directors. Each of
these tilings and perhaps others must be 739,129 69, leaving a net profit to be smallest fish.
way is held by the Japanese at anv point
made the subject of a fight of a com­ divided among members of the syndicate
Love is a thing that people write
the terms of peace will be decidedly more
of .^62,428,8.1. 4. In addition to the
disadvantageous tor the czar, The Jap- promise. 1 lie latter is almost always
novels and plavs about.
| stocks, bo.ids and cash paid to the con­
auese advance is steadily in progiess, the cheaper one. By its terms the ring
tractors for building the Western Pacific
ami there is nothing in sight that can usually secures hundreds of thousands
The Standard Oil people say that it
I railroad, which became part of the Cen-
seriously dispute it. Heavy guns and more at the expense of the actual inves­
will cost thestate of Kansas $20,000.-
,
tral
Pacific,
the
contractors
received
the
tors.”
ammunation must be scarce on the Rus­
000 to start in the oil business right.
As already stated, for the construction i total amount of the land grant, which
sian side, and the organization of the
This paltry sum hardly equals the cap-
was also divided among (he members ot
of
transcontinental
lines
congress
voted
Russian army is greatly shaken. A series
1 tai stock of-an ordinary Kansas gusher.
the syndicate.
* * *
of retreats is nil that remain to it, and vast grants of land with bond subsidies,
Within a few years after Mie Central
The Standard Oil company lias been
the condition of feeling at home makes which were eventually transformed into
its re enforcement unlikely. It is plainly second mortgages. The aggregate area ' Pacific had converted half a dozen men allowed to have its own way in Ohio
to Russia's interest to broach the subject of the Pacific railroad land grants ex of very moderate means into multi-mil and Pennsylvania. It never encounter
ol pence quickly, for the campaign on eeeded a fraction of over 26,000,00(1 lionaiies, the Pacific coast syndicate ed the real fighting spirit until it under­
land has reached a phase of deadly acres, of which the Union Pacific secured concocted and Carried out a plan to took to dictate to the Kansas producers.
11,399,844 acres, the Kansas Pacific scuttle the Central Pacific and at the
* *
certainty in Japan's favor.
8,000,000 and nearly •1,000,000 more same tune amass another $50,000,000 by
Russia’s lack ot money is said to be the
acres were distributed to branch lines, tlie construction of the Southern Pacific only obstruction to the movement for
Hopeful Outlook.
exclusive, however, of the land grant to railroad, that was designed not only to peace in the Orient. It is a hard situa­
Seldom have conditions at this season the Burlington system west of the Mis compete with the Central and Union tion to be thoroughly whipped and then
Pacific, but to eventually wreck the first made to pay all the expenses and a good
of the year been more favorable for so uri.
The bonded subsidies to the Pacific overland railroad and place the Southern sound bonus to the victor.
farmers ami stock growers than a*, the
* * *
present time It is ti ue that in most railroads aggregated nearly $65,000,000 Pacific construction ring in position to
It Cuba had not extracted so much
A similar
sections a severe winter was ex|H*rienced of which amount i he Union Pacific re buy under foreclosure.
but Advices all seem to show that there ceive $27,236,515, the Central Pacific scheme was under contemplation and easy money and so many sentimental
was plenty of food for man and beast, $25.885,120 and the Kansas Pacific came very ne^r being carried out by Jay favors from the United States the dis­
nnd consequently there was very little $6,803,000. In addition to this enor­ Gould and his associates with regard to position to make trouble on the part of
suffering and the loss sustained by stock mous bond subsidy the Pacific railroads the Union Pacific, and it only miscarried Sail Domingo aifd Venezuela would be
growers was reduced to a minimum. issued an equal amount ot first mort­ alter the consolidation of the Kansas j less pronounced.
* < *
That was true in both the range and gage bonds, making in all about $130,- Pacific with the Union P^ific, which
One of the must important works of
farming communities, and unless nil ex­ 000,000 of bonds. With the assurance Gould to rake in several millions and the present administration is the pro.
ceptionally cold and late spring should of their ability to emit mortgage bonds gave him the control of lioth roads.
tection of Government lands for actual
be experienced stock will go onto grass guaranteed by the United States the1 It will thus be seen the amount ab­ settlers. The Republican party ever)
promoters ot the Union and Central sorbed by the construction syndicates
in better condition than usual.
since its formation has been the friend of
In the winter wheat belt present indi. Pacific railroads proceeded to exploit that built the Union Pacific and Central the poor man who wants to acquire a
those
respective
roads
through
construe
i
cations ore that as a general thing the
Pacific railroads aggregated $106,358,- homestea^tor himself and family, and is
blanket of snow wis sufficient to protect tion companies controlled absolutely bv 226 18. The capitalisation of those willing to apply his industry on the un­
the crop from the severe weather, so themselves.
roads has been padded by that amount occupied lands to he found especially in
The disclosures made by an investi­ ami the patrons of the Pacific railroads
that the prospects lor a bountiful crop
the new states and territories. Every
nre very encouraging. The snow has gating committee of congress brought are compelled now to pay tolls to make
new home strengthens the government
also put the ground in excellent condi- out these facts; That the Union Pacific good interest to the tune of from
and adds to its wealth, as well as pro­
tions for spring work, and with normal railroad from Omaha to Ogden whs con­ $6,000.600 to $8,000,000 a year. That
vides comfort and independence for
weather from this time on the work of structed under three contracts; that the other transcontinental lines that
brave and estimable toilers. Anything
plowing and seeding should progress at through the intervention of assign men ts compete with the Union Pacific system
that can deprive the people of this op.
a rapid rate.
made by Che holders of these contracts have been credit mobilierized largely
poitunity. one that is unknown in the
and
through
the
intervention
of
a
con
Of all seasons of the year spring is the
also is a matter of notoriety. How the nations of Europe, is a wrong of peculiar
most enjoyable to the farmer, and espec­ struction company known as the Credit frstnlulent capitalis ition engendered by
baseness, and should lie stain ped ont
ially is that the case when there is a Mobilier of America, the profits fro-n Credit Mobilier construction is to be
with a resolute purpose and a vigorous
general feeling of hopefulness such as these contracts were secured to the of eliminated is a problem that must hand.
exist nt the present time. Conditions fleersand promoters of the Union Pacific sooner or later fa* solved.
are now right tor the production of railroad themselves. The persons who
good crops, nnd as a result everyone received these profits determined the) Maine*» new law that is causing an
feels that they will continue fovornhle, amount thereof by their own votes. The exodus of liquor dealers from the state
so that while spring brings withit a result of these three contracts presented authorise» the governor to ap'ioiut a
vast amount of hard lnbor.it also brings these startling figures
commission ofthree members,w ith power
hi this casi* the hope of good crops, re­ Cost to the railroad company
to exercise anywhere in thestate •'all the
of the road from Omaha to
munerative prices and increased wealth.
common law and statutory powers of
Under such Circumstances the work docs
Ogden.............................. $93.546,287.2* sheriffs in their respective counties in the
not seem half so hard as when weather Cost t o the contractors of
enforcement of the law against the man.
the road from Omaha to
conditions Are unfavorable, crops staunt-
ufacture and sale of intoxicating liqu­
ed ami prices low.
Ogden........ .......................... 8O.72O.tU (M ors. •' The sheriffs have taken the hint
----------- and are stopping the liquor traffic before
Taking all things into consideration Net proof for the Credit Mo
farmers have small cause for complaint
hilier construction ring $4•■825,334.34 the commission steps in.
so tar this year, and should they bar*
To this should lie added the amount
vest good crops at the end of the season paid to the Credit Mobilier on account
Dr. P. J. Sharp, the expre-
the wealth thus created will make them <4 fitly eight miles between Ogden and eneed dentist is located in
the most imle|>cndciit class of men in the Promontory Point, which was ceded to Dr. Wise’s dental patr rs, and
world.
the Central Pacific railroad, $1,l('4.0(M\ . is prepared to do nothing but
making a total construction dividend to first class work and give the
Mr Rrynn says the I democratic party offit-em ot the Union Pacific railway
If your
can stand one more defeat
Well, the $43.929.328 34. The actual cost of con. best of sitisfaction
teeth
need
fixing
call
npon
defeat is ready wlicnever the party is.
tracts whs substantially equivalent tu him.
ÍV
Ü-ilhmook
ÌKubligbt
at ■■
THE
RAILROADS AND
THE PEOPLE
If you are in want of Good Trees, guaranteed true to name,
try
The EASTWOOD NURSERIES,
Gresham, Oregon,
Fruit and Ornamental Trees, Small Fruits, Vines,
Fine Assortment of Rose Bushes.
Send us list of trees wanted and prices will be quoted by return mail.
This is to certify, that I have this 27th day of December, 1904 inspected and
examined the Xurserv Slock ol Mr E. P. Smith, of The Eastwood Nursenes, Gres­
ham, Oregon, and so'far ns 1 am able to ascertain, have found it in good market,
able condition anti clear of anv serious insect pest or disease
Their method» of
hantlliiik» and crowinc stock are first class.
_
.
k
WILBUR K. NEWELL, Commissioner First District.
NEW SUMMER
K
FABRICS. ®
--------------------
For Gentlemen’s Garments to Order.
Headquarters for Ladies’ Tailoring,
Dress and Walking Suits, Dress Skirts,
$
Instep Skirts, Cloth and Silk Coats, Ragla.i’» Rain Coats.
Exlusively to Measure.
SARCHET, the Tailor, Tillamook.
Come early and sect re first choice.
Satisfaction guaranteed in all cuties.
r_ ■ i,
w.
7W ’■ Jjr-- <
» W. ~.w
.tr, , ■
B</w C
J
'S».’
Fir and Spruce Lumber.
Spruce and Cedar Shingles.
Cheese and Butter Boxes a specialty.
Orders lor Lumber promptly attended to.
TILLAMOOK LUMBER COffiPÆNY,
Rates, $1 Per Day
Centrally Lioeated.
LARSEN HOUSE,
M. H. UARSEN, Proprietor.
OREGON
TILLAMOOK,
The Best Hotel in the city.
No Chinese Employed.
Pacific Navigation Co.
STEAMERS—SUE II. ELMORE, W. II. HARRISON.
ONLY LINE—ASTOTIA TO TILLAMOOK, GARIBALDI,
BAY CITY, HOBSONVILLE.
Connecting at Astorix with the Oregon Railroad & Navigation Co. and
also tile Astoria & Columbia River R. R. foi San Francisco, Portland
and all points east. For freight and passenger rates apply to
SAMUEL ELMORE & CO. General Agents, ASTORIA. OR
B. C. LAMB, Agent. Tillamook Oregon.
Airents
& N. R. R, Co . Portland.
g
}A. & C. R. R. Co.. Portland.
Sue H. Elmore carries Wells Fargo Co.’s Expres
J
A. K. CASE,
PROPRIETOR
: Tillamook Iron Woks
4 General Machinists & Blacksmiths
<
4
4
4
4
Boiler Work, Logger’« Work mid Heavy Forging,
Fine Machine Work a Specialty.
TILLAMOOK,
OREGON.
RED SHOE
HOUSE.
Notice to the Public
I will continue sell­
ing my stock of Boots
and Shoes at Cost un­
till the 15th May,when
I will receive a large
Stock of First Class
Boots and Shoes from
Chicago.
( onio and
money
repaired
g rates :
M
60c.
40 c.
35 c.
P. P. BROWNE,Salesman