, 1872-01-01
Railroad Items.
From the Duluth Minnesotian.

From the Duluth Minnesotian.
| TRAFFIC AND EARNINGS. s.--Gen J. r.
Hawley, late Governor of Connecticut,
has during the present year, personally
visited and carefully studied the belt of
country traversed by the first thousand
miles of the Northern Pacific Railroad
its climate, its people, its soil and
general resources-and the following
editorial article viii h, unsolicited, re-
Gently appeared in his paper, the Hart
| ford COurdnt, is his candid estimate of
the financial future of this grea. CONT
mental road:
A Coop SHowING.-Ihe net earnings
of the Union Pacific Railroad from Jan
uary 1st to July 31st, 1871, as reported
by the financial Agents were %, ,07S, ,7SS.
| Should the business for the remaining
five months be proportionately large,
the net earnings of the entire year
would be 50, $50, ,636,64. The construc-
ton of the 1000 miles of the Northern
Pacific Railroad, liberal allowance be-
ing made for all contingencies, will not
exceed $4,000. 900, 80, 900 per mile.
A volume of business over this 1000
miles equal to that which is reported for
the 1000 miles Of the Union Pacific
would yield net return of II per cent.
ON the MISUNDERSTANDING net profit
of over AZ per cent. after paying the
interest on the company's bonds. In
its first 1000 miles the Northern Pacific
Road will pass through, the best wheat
growing region in the world-of vast ex-
tent and great fertility. 1t will run
along the rich garden lands of the val
leys of the Red river-of-the-North the
Missouri and the Yellowstone. The
products of the wide and fertile regions
of the Assiniboine and Saskatchewan
will find their way to market over it rails.
and the rapidly increasing volume of
mining business already existing in
Montana will inevitably accept the facil-
tiles the road will afford. The excel
lence of the country and the rapidity
with which it is filling with immigrants
give promise of local business whose
figures alone will rival the showing made
above. And to this is added the great
through traffic of the world, there is
left no room to doubt that the Northern
Pacific will, from the start, perform in
its field as grand work as is now being
done by its more southern neighbor.
Were there, then, nothing but the
business of the road upon which to de-
pend, its projectors might reasonably
hope for paying return; but behind
and supporting all is the immense grant
of 50,000,000 acres of land. These
lands are not irreclaimable waste places,
but are mainly, fertile plains and rich
valley-well watered and lying in the
midst of a temperate climate.
Under the provisions of the mortgage,
the proceeds of sales of land must be
applied to the repurchase and cancella-
ton of the bonds. Thus, this superb
estate will prove source of constant
revenue, which must be held sacred for
the benefit of the bondholders.
The Co,want, to render its prediction
safe beyond question, only claims for
the Northern Pacific Road, at the outset.
a traffic, per mile of track, equal to that
of the Union Pacific, with the same
average running expense. Considering
the character Of the country traversed
by the two lines, the vast advantages of
the Northern route in productive lands,
rapid settlement, tributary traffic, easy
grades and abundance of timber, fuel
and water, it is morally certain that the
earning of the Northern Road will from
the beginning be much greater, and its
operating expenses much less, than those
of its southern neighbor. The con-
spicuous financial success already
achieved by the Union and Central Pa
cisa loads, in spite of immense disad-
vantages in cost of construction and
character of country traversed, leaves
no room to doubt that the Northern Pa
cfiic is to be one of the most profitable
roads on the continent.
IMPORTANT RESOLUTIONS TO SETTLERS
ON THE NORTHERN PACIFIC LANps.-We
have received from the Office of Col.