, 1873-09-25
Having little honor, lcss credit necessarily waa

axiom. Having little honor lesa credit necessarily
tho rea1lt.
Tho ilrst work done on tho Northern Pacific Road
Was tho building of 235 mi'es west from Thompson
junction car Dutnth} by company styled tho Nort-
weatorn Construction Company consisting Of ,orlus
Morrison, William King Norriam Daniel 1tohtnnon,
p shenpnrd 4; 7. Balcl payson oanis, George
Tas oob,py o1a ~. VI na sots%an y x Il
tnn Directory Of io Northern Pacific Company on tho
ah of AN .Ass sst Eysrthng Sas pad +. e1sspt
President and Financial Agent Of tho Northern Pacific,
s- gaSo Tint oompanya note q hand. Two Of these
abundony sscrc nv a INK n @ n anp np,Se m %
alarmed hy tho failure Of jay Cooke 90. When this
statement Was tnnte. was surprised, and desired to
to meet It's tntotencas, II lis authorized nduclary
sgsnt was ban bonkfnpt? ono q them replied tlat
rany waa pressed oil Sides by Claimants IN appli-
cation sTas made fer aid to tllo house Of Jay Cooke h
ne e aai sa s 1 Jay @Gk aa
g y sdesafa ss
Wa odueed Se IT, 'ns1r fsuro o
Jay Cooke g. ought not to be attributed to any
9essa ss eoSa M e sss p e. In ns hss .;
Bitca npon tho somowiat hn-blooded CARCASS Of tho
Ereas soshsTm1l Err; thsory Of tue atS lnened Jacob H.
up in thia amount Of 100000 make tl,la patoment
the Northern Pacific Company regularly meeta its In
iobtedncss to operatives and surply AGENTS Today,
however hnye been informed that clcras in the Land
and Attorneys Departments are two or three months
bohnd on tho payroll. Tomorrow slall verify ons
or tho other Of thcac statements.
Tho second lotting Of tho contract to build tho
Northern Pacific Road was given to Payson, Cauda,
Dorillua Morrison. William 8. King. and George A.
the Missouri 1uyor, 2o5 milcs. Sheppard, Merriam
and Washburn were left out In tho cold At this lottin
md. for time, they havo been feeling very Sore
western Construction Company made 900 each on
Of their contract from Thompson Junction to More
head Aa there were twelve Of them, It will DO
that jay Cooke l. Co. had to nlch $780,
fssmers ron et @ ss e"antry aad9S to ' create " sand I
which would afford these contractors this handsome
margin. To-day an old noman Catholic farmer told
mo TINT. six months ngo, he Ind $500 aurplus. He
cd il. J. Baldwin, tnnker. baldwin advised him 70
put 1t In United Staten bonds. But tho farmer fell
upon copy Of uarpers Wtekl, and saw the splendid
scheme presented by Jay Cooke h 60: in Northern
--to-day he wcoretl In sackcloth and ashosl
Yesterday, q. W Mead, tho General Manager OF the
Northern pac1no 1sond Ind tho following paragraph
printed in the st. Paul Ercnfn0 Dfspateh
four ,weeka ago. when our folks mot in New York,
everything looked favorable. There has never been
but $30, 600 000 in 730 bonds authorized, and up to
Tint time $23 goo had been aold The other 0oo
600 Con. Cass aud BoMo Of his friends arranged to
take independent Of Jay Cooke, and this 1s what was
relied upon to build tho 2o5 miles. Now, can't Say
whnt effect the failure Of Jay Cooke may lave, but
know tho $50 600 600 was oil takcn and tho intention
WAS, when other bonds were issued, to mako them
bear PER ccnt~n
Observe that A1r. Mead approprntcs $23 COO to
the Northwestern Construction Company {Sho built
the frat 2s5 meal and then innocent1y ststcs TINT
205 miles I" But ought to not to cri1cse Mr Mead.
Uo has probably been misrcpresontcd.