The St. Cloud journal. [volume] (St. Cloud, Minn.) 1866-1876, 1870-02-03
TIE NORTHERN PACiF1C RAIL.
ROAD.

TIE NORTHERN PACIFIC RAIL-
ROAD.
A private letter of January l4th,
from prominent Government official
at Washington, who is thoroughly pest
cd, says: ":lhe Northern Pacific will
push to Red River this year certain.
tn. line a'not yet been ds,ided upon.
1 hope it will go to St.. Cloud"
The Winoua Republican gives the
following information
"From Mr.. Window, Of this o:tv,
who has recently been in consultation
with the Directors Of the Northern Pa
ci6c Railroad Company, in Washing.
ton, VIC learn that active operations will
be vigorously commenced on the line
Of that tboroughfare, on the 10Th Of
February next, and the work pushed
ahead US rapidly as possible. To this
end large force Of workmen IS now
being engaged, who will BE- employed
during the remainder Of the winter in
"clcariug" the line through the woods
preparatory to the commencement OF
grading US soon a: tho weather will per-
nit. TIE statement made by the st.
Paul Press, and copied into our column
on Saturday, that the company design
asking Congress Cor q subsidy, MIR.
Wind m infor MS US, is incorrect. The
Company propose proceeding wholly
upon the basis of their own capital, to-
esther with such lands as have already
6csn granted to them by the general
government, which it is believed will
be ample to carry on the undertaking
to successful completion"
In this connection We take the fol-
lowing from recent money article in
the New York World:
"In order that the company may not
forfeit its land grant from Minnesota, it
is necessary that the road should be
constructed with vigor, as actual settlers
are taking up the lands, and the time
allotted to the company is drawing to a
close. 1t is necessary, therefore, to
hurry up matters, and this explains
the anxiety of the capitalists interested
in the company. 1t is calculated that
it will cost SIX million dollars to build
the first section Of 200 miles in Min
nesota, and the capital Of this section
has been divided into one hundred tul
shares Of $50 900 each, and the gossips
say that the conferences of the past few
DAYS have resulted 10 all the shares be-
ing taken. Their, is considerable tail
10 regard to the inside price at whiot
these shares were distributed to tn
German bankers aud others who hav'
taken Them. Gossip places the pric
anywhete from $4,000 $4,000 each
It is further stated that each subscribe
ofthe shares gets $4,000 Of 7 2.l0 pc
cent. gold bonds, and bonus Of s,oc
any where from 100000 to 100000
according to private arrangement:
After the 200 mics of road in Min
nesota are completed, it is stated tina
the company or its managers will pus]
the road on towards Puget Sound, an
issue bonds to build it, the amount Q
which is variously estimated at 500
100000 to 5000, 100000.
The New York Mercantile journal
referring to the construction Of th1
limo aud to the fact that 100000
have already been raised in New Yor
with which to begin the enterprise, n
marks:
"Work will be commenced within
very few weeks, and, once begun, vi
be pushed with earnest energy to til
close. From what We know Of th
parties concerned, We are inclined
look forward to tho rapid completion q
this grand undertaking with great il
tcrcst. They are practical men, wit
ample means and experience, aud ar
unaccustomed to fainting on the way
or relinquishins any good work i
which they may embark.
The region of country through whic
the road will run embraces the fines
portion of the far Northwest, includin
the grand territory known as Prime
Rupert's Land, which has area enous
for ten new States, cut out after th
liberal modern pattern. We hail in
the opening Of a. new avenue to some
the most beautiful and productive POI
lions of the national domain, and ar
other telling rejoinder TO tho offer
threatened railway from tho Atlanti
to the Pacific, through the 8ritis
Possesslors. Heavy masses OF GU
European immigrants, from high North
ern latitudes, who instinctively shrin|
from the heats of the Southern States
however enticing the latter may other
wise be, will find in the direction Q
the Northern Road cougenial climate
and healthful, happy homes. More
over, it will at once furnish an cutie
and inducement to the tide of Canadia'
immigration that has recently bec'
sweeping toward US, in such proper
lions rs t. alarm the journalists Of tn
NcS Dominion" ~. .'''
REEEnR1Na to the foolish onslaught
which Is being made on the Norma
School system Of the State, the Monti
cello Statesman saws:
Our Normal Schools are State insti
tutions, and Of course they ara institu
tons Of which we rs a State are proud