The St. Cloud journal. [volume] (St. Cloud, Minn.) 1866-1876, 1870-03-17
NORTHERN PAcfrIc RAILROAD.


NORTIlERN PApfEIc RAILROAD. !
A meeting Of the stockholders and d.
'cctors Of thu Northern Pacific Vas held
IN New Yak on tho oh, Il which
The following directors were elected TO-
serve for three ysars i
J. Gregory Smith, r. D: Rice, W. B.
Ogden, 9. W. Cass, ". G. Fargo. 8. NJ.
FELTON,, ". Window, r. H. Garfield, J.
Edger, Thompson, B. r. Cheney, Jas
etinson. r. Billings, C. B. Wright. The
first seven are the Executive Committee.
The board organised by electing J.
Gregory Smith president, R. D. Rice
vics-prssidsnt, A H. Barney tssasur-
er, and Samuel Wilkeson secretary.
4 The St. Paul Pres. publishes New
York special, which statea that . con-
tract for negotiating lily million dollars
Of .Northera Pacific Railroad bonds
has been concluded with leading Ger
man banking houses. Five hundred
thousand dollars arc to be advanced i'm
mediately under such. arrangements.
This oontract covers the estimated cost
Of the railway 70 Puget Sound. This
action Of course Indicates that every
thing that money can do to push the
work forward to compilation with the
utmost rspidity, will be done.
The Press has IN article on the colo
nization scheme Of tho Nurthern Pa
ei6o Company, which promises to be
one Of ths'grandest enterprises Of tho
age. The Company holds from, Con-
gress almost fifty million acres of land,
or territory greater in extent than al
New England: They want laborers to
prosecute the work Of constructing
their road, and they want speedy settle
ment along the line. To accomplish
these ends, says the Rtes- -.,....
"They offer in tho first place to fur
nish immigrants for tho first year Of
two abundant labor ID tho construction
Of tho road itself; and TO provide each
laborsr At the end Of, o. during bis term
Of service, or any immigrant who doe
not choose to labor tor the company, I
farm Of 40, 80 or 100 acres selected
in alternate blocks, With neat frame
tenement already erected thereon and
| with 4 moderate field fenced in at tn,
ezpesse Of the company, sto :hav,
and 70 hold the same with al ap
purtsnances thereunto appertaining,
a. the deed runs, On terms which bare
y cover the outlay, payment being r.
quired in such small installmsnts, run
ming through long period Of years, =
} . very low rate Of interest; q will b
, no burden to the poorest man in tn
world. -. '.:5 - 49,
"Wi:h tho wages received for labo
in the construction. Of tho road tho
= can readily furnish and stock thsa
ready made farms. In other word.
, they propose to give the hborer 1t ono
home and q productive farm, which
= under ordinary circumstances, it oos
;, him years Of toll to make, on term
;. equivalent to . loan Of 40 much capt.
|. on his own terms"
An immense number of tenemer
= houses will be constructed, all after Il
i, same pattern, 30 that they can be taxi
r to any point and put together At ono
VI The Company has selected three Cor
= missioners to go to Europe for the pu
|. pose Of presenting these iuducsmen
- and securing tho desired immigratio
I. The gentlemen chosen for this missile
Ia arc Hon. Hugh MoCulloob, late 81
!. Rotary Of tho Treasury; Hon. G.
~ Sshurz, United States Senator fiji
a. Missouri ; Ext Governor VIM. r. Nj
=. shall, Of Minnesota. An Official exr
!. s,tion Of the scheme will soon bs pu
A. lished by tie Company. 80 .,.'.. Re.
D. We learn from the Superior 7ribu
q that Gen, Sp.ulding will at once. 60
NJ menoe sending out supplies on tho g
T. tcmplated line Of road from that qua
T. ter sufficient for 1000 men for sew
Of months. Storehouses will be bu
!" every five miles, and placed und
~ guard; whilst from Crow Wing a
d. other points, the same plans will
70 carried out. " ..
n The Tribune says it il not i
is probable that the iron for the North,
r. Pacific may be manufactured; at
y head Of the lake, a the best iron in
world is found upon tho shores Of Ii
of Superior. In connection with that,
St. Paul Di.patch has been inform
At that the Lake Superior l. Mi,sis.il
!: aud Northern Pacific Railroad %
is panios have made arrangements to
~ tablish large rolling mills II Duluth
the manufacture Of railroad iron.
The Minneapolis Tribune says:
;. Mr.. Geo. A. Bracket has ,rscei,
orders to purchase and forward to /
n line Of tho Northern Pacific railro'
he between the mississippi and the r
Ito River, several :hundred tons more
I. supplies in addition to tho large amou
49, previously ordered. He il now busy
!" sending them forward from this 6
via St. Cloud 49, "a
IL The Duluth Ainae.o.tan says:
~ ave understand Gen. Sargent IL qu
~ busy east: We hear Of him 1t Philadslpl
or and /, Warrington shoving up 0sral
. Bankers. W. understand an effort
being made to induce him 10 70 70 KufS
d in the: interest Of the :Nosthesn, Pas
~ Losn--snd that he has it under ooDstds
tion."' :''',-1 '''5; ''.'$';..- - <'s:''