, 1873-03-06


rau told by m old ottzon Of st. Paul, and
With oti,o%ra % md That tho conclusion como tt99
among ihon1poycs ras tint tho road would
novor 70 through M conducted now. but they
held tlior reaco IT will take n large canll a.lb.
sitly from Tho Government to complete tho Job
Without n subsidy, orory milo Of road bnl1t be-
yonl tho Missouri npalre tho valuo Of tho bonds
~ an inyeatmont MS tho country becomes po1r-
creaEed
oanamtt}ea III NJ Wosl,irntnm r. ,Siict; iat ono
Witness % waa m e1a,nIned, and llo tho President Of
wy nWhe,ro VIZ, ,s md to whom hnyo TIN bn, Of tho
hona nf IL % Mort1or' ,aaino }onnonv ,,,,fa fos
bcam so1d 3n :,
opTn @ .ss';a,, A.. ,,o, rooo,,t sn,t, .n,voro7,
' to .ad H. ,,car1v III ,."ria -
nH1v ia s,nG ~ ~ ~ r}tn ~ nnti ~
W;sniug. ny7 ""n nnut 10 tra Mins;sa,nn, orI +,
gH n1 M, unhs l,s, ~ nr .no s
sorRn ans sS v n,, m
eapttalista, voTy many o. tno M darora ,";9,, WIZ
naVo pNrchasea tho pt'nda navo uoI'o ~ VIII -
.no Eonu =. fana tat ~, s. ,mvs o,y t,no NO
tEe tompany !aius, ~Mcn lucy c"i1 ~ any u' aiao
ons a,e11 n1 ~ to m nondn .s" ooen '1A0n "n'A
al9 hoW'n y W II ~ ahycslnlolits H.
@ .9 ,aru", Mom orosar ,er"I H. ss scmr1o
mofop pFG e I'M Mo,1 or yes,Sen, IN inencS a
ieit among mon OF sma4i n1eame taGLuc ot; 9ouae
ty1 iouna paeIaun p1.I a1 ,1 ~ eo - lSth % - 1eto
per iasG. neaL!y ogeom T.; " uonass .,a.su "
nonuh @ naa boon Snos1a , + ~ III ~. vas.ous .sts ~
ptG.9aply twenty mlonGi IT. taSea thG ploseeeas pe
of TIC saio OF over a million aud n hall worth Of
thn bonus e pay tho !nterobs On those already
Aoio' aealtng hnahclorans snht'
THE 'noNDiIo1.nEn6 SECURITY.
Iho land'grant OF the Company haa been
mostga8ed to pay !. Cooke and ]. Ed
ear Ihomson 20 TruBtoos for tho bon.
u u o. o. IT, a., hondholdora: As far az land
~ mo notu sll9 Pioueoas hro 10 SO TO thoBo
asuh.ora a = 1r.ss 19r tho holders OF to bonds.
Ga e. apons slog worth OF honds gro cold to every
~ ~ ,.i, M1ts " 4ann so!a' to SINKING tlna LOT
rnthar rnG t f lefapnpon o. the nenae Hoems
tioIl en9 saio ~ !nnub, hs last as IL eomcn into
Nnr!Ha ~ LAY tao 1lateost ~ 20 DO invested IN
" Bt na thu heu nnmnanr maFonu nonaa. Us t,
~ .z pnynonr tor !ana Ut ~ por cont PREMIUM ~
H. Wuu t soe.a 'i'at sery lltto money would Tcach
au wanting lan1s would worry
na.anE nav To- nay ior ~ IL ~ ponds so Whichever
Traatoes for tho benefit of the holdora Of North-
" 4. tneo eiia oon<la WILL pe-Nofthofn 70
CHG 10 tSnIoau te,di. ao.1 nonas. Is a.. ,.n .,,
Of tha stato to 70 onu a.Gao n
1rom aho sae M q ands from June 1872 Sept.
,s;, ~ w, VI pas t!an e1 ooo amonth.
~ gufaMg Ely ~ sno same tMo Troy sold not ehs than
|, 9t}oo!ogv WoItu OF pohas' " course their Iand
aalos N hnnnoaota Wlll bo much larger than this
IN me future until the good land is all taken up;
put nut TUG psqcce9a VIII Do but small per cent Of
eno anp"ni !. OF @ nonaa aold: Iho aMkl1g fund,"
even m u ,it IT. Mas eash, instead Of Northern
pl1IpD;t Ill., ,,..,a.,
| . In9 mortgage mauo to Becuro tho bondholdera
a ,asnJr ed raag ,91ny document @ havo copy WIN
apaa " Il g1es1 dea iGr a aa
| printed 11t pages IN limo typo. Article throws
nga1 gn on the subject nnucr this head: It Baya:
INC hIocqeoa OF ~ tho aeios OIL inc bondH sha4
pc Pacea M 70 TO- ing er9alt or tho company upon tho
aat 9ooas o. [rtt Inc nsca! aEehts anu she remain on
a asposls WIN tnom = nnsn required ior diaburae"
mont Oh account ol construction and equipment,
on S 1toe t' 1gsLna.o s4a oapens@Iueos @ OF sne foad;
have acssss IS to tho accounts Of the fiscal agents,
ana sna1t certaty, e from slme TO timo, az Hay b3
feqniroa, thai naid 1unds have bcen 30 deposited
na1 u'spaihou.
coo o1y oooac nn a E9 are Inc 'acai nense @ ana -
II IS pleasant to ~ 1now that Jny Cooke ehall have
access To tn9 pqons ul 5ay CooHe. Jay CooKe, aa
tt 81 she [nS l,1 mnas eorty IRON
!a tlmo 10 .ime Swnen @ W, one oa lug tlmeh como
n now y 1ona1 na Jay e. sSa m sgans 9f
ne eomEany, nas eo!I. in9 eg,g .hlng lb ltKo e.
Aos M,saTy cosn&naor lna IL na,ssas1pp coTtl,
ntsss sannta a. sm tor"ora ~
otasos os.tto, ny snele1ole commissioning LUG
Ha!a T. Anaee ~ soenaIoi;
v,onnu for +to LonoSt ~ ia i,oniIodars IL sh"t
axoy, mora I1ayt;c,iar1v fo rat ot sava tIo
mortrnra: ns & All n,onoys i, tIe hands ~ tho t
Tr1sfcas roceivod by thom ,lniler TIM aoconf1 of
these artelou, or for bonds sold. shall bo invest-
Gon1i'nn1t soo1rci hv th;s mnrfraro whon y sa;G III
bonin can be- n1rchaaod at q sum 5ot exeoadinsr
liz cents On, On tho dolinr. md acorneI 'hs in,
torost j.; md ulcn said bonds can not d
nav m Invest in said bonds at a h1ahe,. Tote" hay.
ing got the consent Of tho aExocutiye Commit
teee te 81 81 the Company." No consent. however. However;
will over bo nocessary, for tho tiu1o viii mover
como 'whe1, tho ponds cannot DO bourlit at nar.
Tho Company claims TIC rieht to issuo over
al0O O00. .0O0 in bonds: that Is. they arc to isso
| 81 III bonds for oyery acre Of land thcy hayo,
and thoir Innd-graut amounts to nearly 81 Ooo 001
# nnv leua thnn e100 600 600 bv Tim tjmo Il IL
completed, THO cstimatoy orc some lower tlan