Juniata sentinel. [volume] (Mifflintown, Pa.) 1846-1873, 1871-02-08
The Northern Pacific RailnaI.~

SoS0fdi cr0uu8 sko. 0uss"o h""
dred Of the, leading. mem Of AsaKork
and Brooklyn upon iiavitatiea, metatthe
house Of Mr.. Henry q Bowen. Brook
,yn. Live capital Ia tbs .mopas q hve
hundred millions were represented BY
this party of gentlemea: Our own Phil.
adelphia Jay Cooke was there. md de:
livered a speech in a conversational way,
on the Northern Pacific Railway. Here
it is, read it:
h Mr. Cooke 'eommeneed BY saying that
as long ago as 1s45 It was believed that
the.route chosed by the Northern Pacific
Railroad would be the, ultimate popular
road to the Pacific coast, on the principle
that the highways of nations follow the
waterconrses. As early as 1858, Mr.. .Cof-
fin, the. well known newspaper correspou-
dent, under the nom de plume of ''Garle-
ton" published pamphlet on the sub
ject which attracted much attention. He
commenced. ata Duluth,5 on Lake Superior
and traced the route from thence to the
Red river, thence. down the. valleys Of
the Missouri aud the Yellow stene. a
route which could be easily graded, and
which led through country rich in min
eral wealth Of coal. iron and limestone.
The route passes thehce to Galla,in,
through one of the most favored portions
of the country for stock raising; and al
so through tile gold mining region of
Montana. .F'HNA'.'t"7Ih
The route then. followed the valley Of
the Columbia to the Pacific Coast, when
it was completed New, York (or, a. he
should say, Brooklyn, as he was now. per-
haps, addressing that locality J, would be
some six hundred miles nearer the IPaei
fic5 The distance from Brooklyn TO
Puget Sound would be. about FIVE thou
and miles, and an express train running
at the rate Of twenty miles an hour wouhl
traverse the -whoierdissance id about four
days. The grades of the whole route
would be easy, and would nowhere ex-
ceed fifty feet to the mile. 1t was not a
fmzen region that the road atraversed. as
the speaker proceeded to show by several
com parisons No snow sheds would be
required. and there would not be a run
mel on the entire route He explained in
detail the vastness of the great, North
western county. as well as its unbound-
ed resources. water power; forests and
mineral wealth .a Z so.rl T, 'ns ia. -'ieo .
Along the entire route 81 the North.
ern Central there was a region of coal.
which was the substratum Of all mineral
wealth, The country was fertile, the
mild. and the region capable
of enormous developen,enss 1t inter
sects and drains navigabl. atreams along
the entire route. At present the lumber
trade of Puget Sound alone required sew
en- hundred and thirty six sail vessels for
transportation. Governor Smith, of Yer
mont, for the Vermont. Central trustees,
has purchased all the boats and other
property of the Northern Transportation
Company on the great lakes running from
OgdeasbuFg, n. Y, to Duluth, MIMI,
where they will connect with the North
ern Pacific Railroad. This action. which
carries out the plans for the establishment
of a grand transcontinental line, is com
mended on all sides in New England, as it
is believed that the great power acquired
by the Central managers will be, used
not in the spirit of greedy monopoly,
but for the best interests of the road and
State The Northern Pacific Company
it now building westward from Lake Sup
erior.
Enough money has been paid in by
the Stockholders to construct and equip
the first division of the road, from Lake
Superior. across Minnesota to the Red
river Of The North 223 miles. The mon
~ for this branch, 6,OOO, O,OOo. has been
paid in, and the work is rapidly pushed
70 completion. Arrangements are also
being made for commencing the building
he road at the western terminus on Puget
Sound and tie Pacific Ocean. This
work will commence in the spring, and
n little time the road win be in the
process of building at each end. lie
desired 70 be understood, however, that
,s the financial agents of the company,
he firm which represented did not pro-
pose to make any promises which could
not be filled. They regarded the tonds
Is the safest and soundest securities in
he market IF they did not they would
,ever lend their names to, the enterprise
But he was not prepared to state the ex-
.ct time of the completion of the road
If he was asked his personal opinion.
however. he wouia say that within four
'ears he expected That the trade Of the
.ndissrwould be carried over this srouse.
The company has somewhat over fifty
Millions of acres of land, which would
undoubtedly sell for mdcii larger II amount
han the amount, of bonds, it, would be
ecessary to issue. No stock has yet
een. issued, and when it is issued moth
n- was TO be paid on it The road was
. be bnHt upon i,s bonds and the sale Of
= lands Mr.. Cooke then prpceeded to
how the value of these bopds as a per-
ect security. being first mortgage issue
n a railroad over two thousand miles in
xtent together with the ruling stock
uildings and all other equipments. and
lso land grant of more than fifty mil
ops acres of land embracing an, amounh
territory equal to, Maine, New Hamp1
hire Vermont, CONNECTICUT sfassachah I
tits. Rhode Island. Long Island, New i
ersey and Delaware 10 sbrei1 odT
lie then went into a very interesting
escription Of, the ocean current, which, ,
overned the course Of trade. A, vessel
'aving China and Japan for Fan Fran-. l
SEQ is now oblidged to sail withmeisIny
tiles of Puget'. Sonnd. Thence it has,
} traverse six hundred miles to reach its {.
d. of destination. When The Narth u