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Newspaper
Eugene Weekly Guard
Location
Eugene, Oregon, United States of America
Date
Oct 13, 1905
Page
6
McCurdy testifies that the Hoance committee fixed officer salaries and that the president’s pay had not changed for two years. He details internal arrangements with Raymond & Co. and the Mutual life, noting high compensation for the general agent and auditors’ charges. The testimony reveals a system rewarding large achievements, with McCurdy as top officer at 150000 annually.
A succession of terse dispatches reports operational updates and notable occurrences on October 5. Notable items include August Belmont’s appendicitis operation, peace treaty arrival in Tokyo and Portamouth, and political shifts in Indiana and California water management. Also noted are a courthouse stockbooks order in St. Louis, indictments against a Peoria school official, a San Francisco memorial service, and the transport ship Chomas heading to Guam and Manila.
A fog bound steamer likely the St Paul or St Psol is drifting on rocks near Point Gorda, Eureka, with 100 passengers aboard. Tug and life-saving crews head to the scene as underwriters inspect wreckage and remaining passengers depart for San Francisco. Citizens raise funds to aid the crew and passengers.
Jackson County Oregon faces a radical reassessment as the board of equalization contemplates tripling the 1904 total of about 34 million to over 215 million. Timber lands jump to 2 to 10 or 12 per acre while Southern Pacific roadbed, once 200 dollars per mile, climbs to 2,000 per mile and company lands rise with private property.
Portland reports a firmer hop market with gilt edged goods quoted at 153 cents and lots moving at 11 to 12 cents. England’s crop expected under 690000 cwt and inferior quality supports upward momentum while New York’s poor crop pushes prices around 16 to 18 cents per pound after chipping.
The New York Life Insurance Company announced it will continue business in Nevada after San Francisco agents appeared before the Nevada board of revenue and explained matters. They were directed to keep operating in the state.
Rostoff October 7 A mail train bound for Vladivostok derailed today killing 27 and injuring many.
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