The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1871-02-03

Mr.: Jay GSoks @ s,n Among the New York Capt
About two hundred gentlemen, in response to
the following invitation
MIR. HENRY c. BOWEN
requests the pleasure of your company to meet
MR. JAY COOKE,
Thursday evening" February 2, 1871, at half-past
o'clock, No 80, Willow street, Brooklyn
Heights-met at MI. Bowen's residence last even
ing. The company was composed of the lead
ing business men of Brooklyn and New York.
THE INTERESTS REPRESENTED.
1t was certainly remarkable company. The
solid men of the community were there. The
long heads of Wall street, and Broad street, and
Nassau street. Pine street and Broadway-the
most of them, indeed, rather suggestvely
crowned with silver were brought together in
such manner as such heads too rarely are, in
the golden social atmosphere of Mrs. Bowen's
elegant and hospitabe home.
Every department of the trade and finance of
the great financial centre and commercial metro
polls was represented. Five hundred millions
of live capital were represented. The pulpit,
the press, the bar were represented. There
were the men who supply the sinews of war,
who provide the wings of commerce, who build
the engines of peace, and WELD the potent
agencies af modern civilization. Among
THE GENTLEMEN PRESENT
there were Messrs. Foster and Leonard of the
firm of Leonard, Sheldon d Foster; Aaron
Heely, James Myers, Rev. DIR. Field, Judge
Pratt, of the Supreme Court, d. G. Robbins,
Rev. DR.. Joshua Leavitt, of the Independent G.
G. Dixie, Coleman Benedict John Russell Young,
Mr.. O'BriaD, of O'Brian Bros, Mr.. Burnham, of
the firm of Journay S Burnham, A. A. Low,
III. B. Clafin, lion James Barnes, James Howe,
John Hunter, President of the Dime Savings
Bank, Thomas Messenger, President of the
Brooklyn Bank; Pitt Cooke of Jay Cooke&Co.; H.
Messenger, Thomas Denny, Jr., Charles Dennis,
of the Atlantic Mutual; Luther B. Wyman, r. B.
Perrin, President of the Butchers and Drovers
Bank; N. s. Beers, banker; Milton Caldwell,
banker; A. w. Sheppard. banker; Jonas Ait
kens, of the firm Robinson, Chase & Co.; Henry
Z. Bowen; Governor Ashley, of Montana; Cor
don L. Ford; E. B. Litchfeld; James FreelaDd;
Mr.. Silas Ludlow, Collector of Internal Reve-
nue.; Isaac Van Anden; John f. Hervus;
H.: B. Duryea's, Charles Hnrd; Anthony
Gilkison, Charles H. Dillingham;; G.
Nevada; Walter E. Cotton, George Holt John
B. Hutchinson, j. G.. Howe & Co., George
Bowen, Edward Bowen, George Leary, of the
Savannah Steamship Company; Dwight John
William M. Thomas, Vice-President of the
City National Bank; Henry j. Foster, Cashier
City National Bank; B. B. Van Week, Nicholas
Luqueer, Morris Reynolds, Henry A. Bowen,
and others.
Mr.. Bowen, the host of the OCCASION said that
the company had taken this method of affording
to his friend Mr.. Cooke an opportunity of say
ing to them all at once and all together what
one friend might say in conversation to another
upon subject of mutual interest.
In response to this introduction Mr.. Cooke
came forward. His remarks were made in
conversational, off-hand manner. A map at
one end of the parlor served to illustrate the
geographicali conditions of the undertaking
which the gentleman assumed to explain. Mr..
Cooke used wand occasionally to empha-
size his points, in so doing forcibly remind
ing at least few of his hearers of the period
twenty years ago, when he used map and wand
to subsidiZe the Imagination of his Sunday
school scholars, in the old st. Pauls hosr.-llst
Episcopal Church of Philadelphia, toI the
evangelization of the wilds of Africa. The sub
ject received the close attention of the company
notwithstanding the rival and distracting infu-
ence of the charming ladies who presided in
regal state at the opposite end of the drawing
REMARKS OF MR.. JAY COOKE.
Mr.. Cooke commenced by saying that as long ago
as 1e46 1t was believed that the route chosen by the
Northern Pacific Railroad would be the ultimate
popular road TO the Pacific coast, on the principle
courses AS early as ISIS, Mr. Cefiin, the we'll
known newspaper correspondent, under the nom dc
plume OF Carleton" published a pamphlet on the
menced at Duluth, on Lake SUPERIOR and traced the
route from thence to the Red River. thence down
low stone. roue which conIi
be easily graded, and which led through country
rich In mineral wealth on coal, iron and limestone
The route passes thence to Galatn, through one OF
the most favored portions OF the country for stock
raising and also through the gold mining region OF
Montana. The route then followed the valley OF the
Columbia to the Pacific coast when 1t was COM
pleted. New York (or as he should say, Brooklyn,
as he was now, perhaps, addressing that locality,
would be some 500 miles nearer the Pacific. The
distance from Brooklyn 10 Puget Sound would be
running at the rate Of 20 miles an hour
would traverse the whole distance in about -four
days. The grades OF the whole route would be easy,
and would nowhere exceed fifty feet TO the mile.
1t was not frozen region that the road traYersei,
as the speaker proceeded to show by several COM
parsons. No snow sheds would be required, and
there would not be a tunnel on the entire route.
He explained in detail the vastness of the great
NorthW estern country, as well its unbOunded re-
sources, water power, forests, and mineral Wealtl
Along the entire route OF the Northern Central there
was a region OF COAL which the substratum OF
all mineral wealth The country was fertile, the
temperature mild, and the region capable OF enor.
nous development. IL inteTsects aDd drains nayiga-
BILE streams along the entire route. At present the
lumber trade OF Puget Sound alone required 7s6
sail for transportation. Governor Smith, of Yer
mont for the Vermont Central trustees has pur.
chased all the boats and other property OF the North
ern Transportation Company on the great lakes run
ming from Ogdensburg, N. Y, to Duluth Minn
where they will connect with the Northern Pacific
Railroad. This action which carries out the plaRi
for the establishment OF a grand trans-eontinenta
line, is commended on all sides in New England, a.
It is believed that the great power acquired by the
Central managers will be used, not in the sptT
OF q greedy monopoly, but for the best interests
Of the road and State. The Northern Pacific Com