The new North-west. [volume] (Deer Lodge, Mont.) 1869-1897, 1870-04-01
TO Puget Soss,sd.
Chicago Post, March 18th


II sce,ns that, contrary to public expecta-
ton, the Northern Pacific railroad is to 6o
built forthwith-a piece Of news that win
excite lively qualification through all the
region north of ST. Louis
The road lacking the encouragement pro.
vided to the Union Pacific in the heavy
Congressional bond subsidies, has been NOV
ing slowly, starting out with tho scheme Of
building its roadbcd and track piecemeal.
and mortgaging each completed section to
pay for the next. In this way, the first Sec
ton, had been provided for, extending about
two hundred miles, from the dalles Of
the St. Louis. near Superior, through Crow
Wing TO Red river.
But the st. Paul nress of recent date
says that the company has had remarkable
success in negotiating the bonds of the
road, and that the Directors, now assembled
in New York, have concluded o contract
with prominent German banking houses for
Ntly million dollars In exchange for bonds,
which is enough to cover the estimated cost
of the entire line from Superior to Puget
Sound on the Pacific. And 1t 10 probable
that the actual cost will be considerable less
than the estimated cost, as in case Of tho
Central Pacific.
The same authority assures rs that hve
hundred thousand dollars are to be advsn.
ccd Immediately, under the contract, ~ an
earnest of good faith, and that Jay Cooke,
the enterprising negotistor of our heavy
war loans, is the hnancicr who has con.
vinccd the German banking houses that II
is good bargain to put their money in the
Northern line. A working force Of 2,0oo
men Is to he equipped Immediately. If there
is no mistake in this matter, and II the par.
ties Of the second part shall come to time In
the first five hundred thousand and each
succeeding ive hundred thousand as It may
be needed, 1t will be the signal Of great pro.
gress and rapid settlement In all the upper
tier of the States.
The road has IN enormous revenue fund,
consisting Of Congressional grant Of some
ffty million acres Of land in alternate Sec
lions, and these would open swiftly It tbs
touch Of the hardy hundreds of thousands
tho skirmish line Of civilization-who
would crowd eagerly ahead Of the advan-
cling rail The young and landless who, IN
our Eastern States and In the poverty.
stricken nations beyond the sea, cravca
foothold on tho soil, are rapidly learning
that the best Of our acres are being appro-
priated, and;if they delay much longer they
win loose their best chance to pre-empt
The rainy and rainless districts Of Cali
fornia are not inviting TO Ill; tho arid
stretch Of the alkaline mediterranean coun.
county repels the thrifty settler; and 20 It
happens that much Of tho country border
ins On the Northern Pacific contains the
moss eligible Of onr unoccnpied acres. The
Winnipeg branch win open up TO settle.
msnt and %. American hahits and tsnden.
ciss the whole 6askatcAswaa region, agar
denof wondssful fertility Ind Of tansaf.
passed rsaoatcaA II he snnd psojeeets
fsaliasd, Ninnssota win tsks . stride ter.
ward thas win place her u tho front saak,
aad u ~ nortA-westssn rsgios, % u q.
tine mseupolls On Puget Sound, WIN b
tributary 70 her greatness.