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Daily Capital Journal
Salem, Marion County, Oregon
What is this article about?
Representative Bingham of Lane County appointed chairman of committee to investigate how the Northern Pacific corporation acquired title to about 400,000 acres of timber land in Oregon under the Cavender resolution. These lands were recently sold to the Weyerhaeuser syndicate for $5 per acre, valued at 2-4 million dollars.
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The speaker named Representative Bingham of Lane county as chairman of this important committee.
Mr. Bingham is a sawmill man, and above all is a very fair minded man.
He will be charged with the important duty under the Cavender resolution of investigating the methods by which a great corporation acquired title to about 400,000 acres of timber land in this state.
A large amount of these Northern Pacific lands have recently been sold to the Weyerhaeuser syndicate for $5 per acre. At this price the Northern Pacific railroad lands in Oregon are worth from two to four million dollars.
Just what extent this investigation will take cannot be foreshadowed.
The impression is that title to these lands was obtained under acts of congress, and therefore the state is not responsible, unless it was done by securing base from state authorities.
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Domestic News Details
Primary Location
Oregon
Key Persons
Outcome
lands sold to weyerhaeuser syndicate for $5 per acre, worth 2-4 million dollars; investigation into acquisition methods ongoing.
Event Details
Speaker appoints Representative Bingham of Lane county as chairman of committee under Cavender resolution to investigate methods by which Northern Pacific acquired title to 400,000 acres of timber land in Oregon. Bingham described as fair-minded sawmill man. Extent of investigation unclear; titles possibly obtained under congressional acts, state not responsible unless via state authorities.