Bozeman avant courier. [volume] (Bozeman, Mont.) 1872-1882, 1873-10-03
NORTHERN PACIFIC RAILROAD

Several of the papers In this Territory have
,two hundred and FIVE miles of this road to
the Yellowstone were not let on the 10Th
inst. We have carefully examined the pa
pers from tile East. and haYc seen no author
ity for such statement On the contrary.
we copy in to-lay's paper from the Superior
Times an article in which it is stated that Mr..
Cass, President OF the road. Mr.. Roberts,
Chief Engineer, and other officials. had left
that place to examine the line from Bismarck
to the Yellowstone. Which had recently been
let to contract. We are very hopeful in re-
gard to the continued prosecution of the
work on the read. The Company did not
owe Jay Cooke Sc Co. any money when they
failed. They no doubt hold large amount
: Of the bonds of The road. But they are lust
IN the condition of other holders of their Sc.
curities. The Company have only TO pay.
TIN january, ana secretary Wilkeson SAYS
that 1T Will undoubtedly be NETT He
further says, that 8 the Company had not a
dollar OF unpaid paper to tho present time:
not a bond was aypothecated by the Com
pany; consequently they had no liabilities
hanging over them that might slescend with
out warning.n
We look tor some official intelligence very
aosn as to what the Northern Pacific pro-
poses to do in regard 10 the work ON the
same. The present extraordinary crisis in
financial affairs will no doubt have tendency
to embarrass their operations, in checking /
fbo al af ,Js IL g. b,x. els
feet on railroad building everywhere, but
the Northern Pacific has a considerable adj
vantage over other enterprises. The Com
pany is composed of men who WELD mil
lions OF money. and they are not going to
let the work stop where it is. They will uni
doubtedly select suitable financial agents.
and so soon as the panic is over and quiet /
obtains in money circles. they will be able to
sell their bonds readily. Long since the
bonds conld have all been disposed Of II the
Company had been disposed to put them OH
the market as other stocks. But, nearly all
sales made have been at par. 1t will be OBJ
served that In The quotation Of the prices Of !
railroad stocks the North IN Pacific has
never appeared on the list. Tle reason of
snic " 80 thSJ WNiS itSid tit flAtus PRICE DY
which there Was The face value OF the bonds I
realized.
We feel very deep interest in the success
OF the Northern. So-do all the good citizens
of Montana. 1t is essentially the road for
which our people are anxiously looking.
We can see no advantage to result to our
material Interests from amy other road. 1t Is
connection in the direction desired. 1t APP
pears to be so easy for it to reach us. and
just few weeks ago we felt baoyant over
the prospects OF its reaching us very soon.
We do not despair OF its doing so get, not :
outstanding the apparent check it has re-
ceived by the suspension of jay Cooked
Co., and the fearful crisis through which
other banking institutions are passing.
We cannon doubt that in few weeks more
the present cloud OH all railroad operations
will pass away, and business be resumed on
sure foundations. There is as much money
II the country as before The recent crisis,
snd wien confidence is restored. moEey will
,e easily obtained. Those holding the thirty !
Millions OF bonds o. tic Northern Pacific 10 !
rider to make their Investment pay, will be
simulated to keep the work IN progress and =
insure its completion, so that they can reap =
be profit OH their undertaking.