Mail Tribune 100, Feb. 20, 1922
Feb. 20, 1922
CRATER LAKE LODGE BACK TO PARK’URST
Unless Miracle Occurs Crater Lake Company Will Be Unable to Raise Payment of $80,000 for March 1st—Portland Backers Cannot Raise Money.
From the best information obtainable here unless something in the way of a miracle happens before March 1st, the Crater Lake company which last season operated the Crater Lake concessions on an agreement with Alfred L. Parkhurst, and spent $20,000 in making improvements at the Crater Lake lodge, with the option of taking over the concessions from Parkhurst, for $80,000, will not exercise that option and will turn the concession back to Parkhurst.
Word has been quietly in circulation for some time past in Medford and Portland that the Portland, Medford and other stockholders of the Crater Lake company would be unable to raise the $80,000 for the March 1st payment, and this situation was confirmed by Vernon W. Vawter, an officer of the company, who returned Sunday from Portland where he conferred with Eric Hauser and Mr. Price, other officials of the company.
This gives a peculiar outlook at present as to operation of the Crater Lake concessions for the coming season, as Stephen Mather national director of parks, whose enmity to Mr. Parkhurst for several years is well known, has repeatedly said withing the past year that his department would never allow Parkhurst to operate the concessions again.
However, although the outlook seems almost hopeless as to raising the $80,000, Messrs. Hauser and Vawter are still at work trying.
In the event the Crater Lake company has to turn back the concessions to Parkhurst, the stockholders will not lose the $20,000 they spent last season in making improvements, it is pointed out, as under the optional agreement with Parkhurst, if the option is not exercised, the improvements will revert to Parkhurst along with the concessions, and he has three years to repay the $20,000 back to the company. The company made a splendid financial showing in its operation of the concessions last season.
— Alissa Corman; firstname.lastname@example.org