Delaware weekly Republican. [volume] (Wilmington, Del.) 1841-188?, 1871-03-09
NORTHERN PACIFIC RAILROAD
RONDS.

the present day, undoubtedly, nrst mortgage
railway bonds hold high position and those to
which we call public attention In this article are
par excellence In this line
Their Issue Is made upon such solid basis as
to leave no question as TO their safety, and they
yield large rates OF interest,
The national importance of the Northern Pa
ci6c Railroad was believed TO be 10 great that
Congress granted the most stupendous land sub
sidy to the Company, TO aid in Its construction,
Of which we have any knowledge which, with
judlcious management, will In itself be fully
equivalent 10 direct guaranty OF the payment
OF the bonds themselves. This land grant, in
area, ia an empire In itself, amounting to $4,000
acres per mile, and an aggregate Of over 60,000,-
QUO (sixty millions) Of acres, and is OF more va
ried and valuable physical character than exists
elsewhere In the known world
The testimony OF scientific officers of the
United states army who have surveyed and res
ported upon all portions Of this belt, set forth in
variably it's richness of soil, mlldness and salu-
brity of climate,its comparative exemption from
snow, its capacity of supporting dense popu-
lation, in positive and uniform accord. There
Ia no section In the world where the certainty of
larger crops Of wheat, barley, oats, potatoes, and
other roots Is assured !; anf west Of the Rocky
@SnntsSsi .s on s Ibis Rsit belt, eples, pears. pan
duced.
Our Teaders must bear III mind the fact that
the snow-fais on the belt traversed by this Koad
are extremely light, rarely exceeding two feet In
depth In the highest attitudes along the line, and
much lighter than 1t is in the Middle and New
| England States. This fact is fully sttested by
man and beast. The pssturage Of this belt Is q
marvel TO travellers. The domestic cattle of
| Montana, Idaho, Dakota and Washington Ten
ritoriea range out all winter and are fat In
March. Mexican horses, brought here by In
diam, are turned out to shift for themselves on
the range from latitude At to 5S, and come in
fat and strong In the spring. Portions Of this
| Road will pass through the winter house of buff
fslo, elk, deer and antelope, which are always
fat In spring. Trains of paca-mues thrive
though the winter without forage while subiee.
Ted " considerable service.
There Is no question as to the mild ness of the
climate, the richness Of the soil, and the fessi-
bility OF operating daily trains over this Road
tho year through without Interruption BY snow,
Beaides the agricultural resources of this belt
vena OF bituminous coal of excellent quality
! aud iDeIhaustible quantities cross this route 10
various places. Iron and other ores are also found
In abundance and timber of the most valuable
species and Of all varieties, In quantities beyond
computation, abound along The belt of countrJ
: through which this great North Pacific Road
will pass
Such, then, Is the general character Of the eli
mate and productiyeness OF The land, and tht
: certain assurance of operating the road at al
seasons. The trustees are reqil ired to keep aDt
have at all times under their control as security
for the first mortgage bondbolders, at least 1vt
hundred acres OF average land to every Thousand
dollars of outstanding bonds besides the Rail
: road Itself, with Its equipments and franchises
Can there be any better security than this Z
We think not, It Is equal TO bend and mort
!, gpge on improved city property.
, The vafue of this empire of land will IN par
be measured by the revenue derived from com
: pleted Road, and the Inducements to settle upon
the land.
!, The way traffic and travel viii depend upoI
the soil, climate, timber, fuel, minerals and was
teT-power contiguous to It, az will also tho eettie,
NEST of the country; and we know that M
road ever projected had all these features in smell
; promise and certainty as the North Pacific
The through traffic and travel has equal claim
upon commerce over other routes, as the Rca.
will be the shortest of our trans eoutinepta
railways, OF easiest grade, and cheapest whicl
Ia sufficient OF itself to control the great bulk G
the travel and business. 1t shorteEs the rout
9 between Lake Superior and Puget Sound, q
Q compared with the distance between Chicag
. and san Francisco, 500 miles, and makes graa
= | saving in expense. Owing to easier grades. 1
will be the shortest, fastest and cheapest route
8 commerce and travel between Asia aud Europe
: bringing China and Japan and Europe 1,6G
miles nearer each other than by San Francisco
z which Is sufficient to control this traffic. On th
q whole, never was an enterprise entered upol
IL which bad equal prospects In itself and wne
l. we add that our great National bankers and 4
. psnciers, Jay Cooke d Co, mainly ttroue
N whose efforts onr country was supplied with th
sinews of war during our late struggle, hay
" control of Its finances and potent V0ice in Ii
u management, we may well be Inspired wit
q confidence that everything 10 connection wit
this enterprise Will be managed with practice
economy, safety and integrity.
n We heartily commend these TO OH
readers.--Neo York Independent.
n In Letter to the Boston journal, Bonner, VII
owns Dexter and ether celebrated trotters, say
in regard TO bis special pet s--"I have beard Of
ID god many horses that were going TO hes; Des
ID ter's time. This one, and the other werA enin
10 doit Notwithstanding these partentious 40
III nouucements, the simple fact remains indsputt
IA Bile that al the close Of the trotting season
and in Tie closing month OF tina scar 1870 n
ia horse has beaten Dexter's time. Let me orr
dict that If Dexter's time ever Is beaten, It wi
/. be by one OF my own horses, Joe Elliott VIII
ar has made the fastest mile, with full weight
this seasop, ano Of whose breeding Comniodoi
Z. Vanderbilt himself thinks DO highly"
=, Suit has been commenced at New Yer
% against the sureties Of Morgan L. Harris, fol
!; merly Collector OF the Eighth district, for Ii
: amount Of his bond and $4,000 II is allsge
that the Government lost $4,000 throug
bis acceptance of worthless bonds from viii!
Ky dealers. Among his bondsmen are Agu
). tus Schen and Charles Devlin
q Hon. William M. Tweed has leasted IL
& Metropolitan Hotel, New York, for aeve
Il years. The amount paid is 100000 yea
g for the flrst two years, and se5, 900 year 70
2 the I've suceeeding yesrs. It is the intenlio