The new North-west. [volume] (Deer Lodge, Mont.) 1869-1897, 1873-10-18
THE NEW NORTHWEST


Jay csske 4 c. and tss Ssrthern Pacific.
Philadelphia Pres. October ;!h.
Glad news was tia, recently received
relative 10 Jay Co"kc & Co. 4 statement
has been prepared. showing that their ;t'a!
ns.csts are $lj .9CI.2l2. ssainst total Of
liabilities am"uniin; 10 only $:.939.4 c9.
That u, their as.cs,s are more than double
their debts Only FIVE and II half millions
1T III. former are in loans to the Northern
Pacific Railroad. and large part If even
this amount abundan,iy secured Ivy dividend
paying stocks Of the Oregon Steam Saviga.
ton Company. Deducting al! leans to the
Northern Pacific. the firm have still nearly
ten and one>hnlf millions in excellent
sccuriiies-bills receivable. bank insurance.
aud stocks. mortgages. real estate. IL. ="
cover an aggregate Of only 1909 400 in
liabilitics-cnoush to pay everything and
have nearly three millions 1" spare This
UNEXPECTEDLY favorable exhibit. rendering
probable. as il does. an early resumption Of
business by the firm ~ all its branches. will
no, only go very far toward effrc':ng
complete restoration of confidence, but will
carry Joy TO the hearts Of thousands who
are directly and personally interested.
Now let US look al the Northern Pacific
Railroad itself. n subject intensely interest.
ing To hundreds of thousands. The great
objective pom, has been attained in tn.
completion of the road from the head of
Lake Superior 10 the Missouri river. ahnui
SIX hundred miles. now in operation. This
furnishes communication by s,cl,nhoat will,
the Upper Missouri and its rihu..Iics
embracing Il navigation OF over u Thousand
miles. 1t Also affords the shortest line.
chrapening transportation I" tn. settlements
and military posts Of that vast region. The
Swing to the Guvcrn,ncni in the iian>rrr'a.
n"n Of mirsry supplies amounts - several
millions Of dollars annually. and. rs viii bt
seen 1T II glance. the road adds enormously
I" the facilities for reaching distant points
in time Of war--a vast consideration Of itself
alone Apart from This is the gyra:cr Qu-s
,i"n. the nd justmcnt Of the Indian Difficult
iirs-c"Siii'g many millions an!ualiy-ana
now in the sure process Of settlement b.
The rapid advance Of emigration and thu
development Of the outlying tcrrit Dries.
Already Eastern Oregon. Dakota, Washing.
ton, Montana. and Idaho may bc pointed to
Ms the trophies of the success Of the NORTH
Pacific. and prove the argument IN favor at
its continuance. The r0rk riH go on. No
order h"s been Issued 10 arrest IL. pr.gre.s
but from this statement Of its progress anu
necessities. present and future. il is evidcn,
that it is too vast machine 10 bc Managed
by any one Company unoidedG BY GorerMme",.
The interests lnvOlvrd--naiiOnal and indi
credit Of the country nj hone
md abr'sd, the sure appreciation Of Oil gu,
public lands, the hundreds OF thousands "'
people Of all classes who hold these bonds.
will create . public opinion that will l"
ul"Dm Congrcs.. and We hold that
I'D sts'e-man Of nny party will stand w Il
oppose . remedy viii ii will only rl"r.
The endorsement 1T the Government to make
il effective. Aud As there can bc nn risk u"
the Government 10 extending ni,l. iha.,nuri |
~ the proceeds Of the sales ut The lands # |
the company will not only pay to III. Gov
trnment any anou.t i, m"y advance "'
account Ut interest. hut the pushing tOrwar,
# the road itself will immensely cnl,:.mc.
The millions Of acres ct lands still held hl |
Inc Government. and low almost ihaccess
tile
We src led To these remarks because Ger.
lain newspapers have predicted that ,h,s
great work will now he closed. That !.
Impossible Our immediate welfare ami
honor demand that It shall go on. and e..
pecially our empire on the Pacific. H,s,"r,
from its earliest date proves that every nx'i n
from Carthage and Venice. from 81 sin
with her galleOns. from the DutcI, Repub.
les down to modern England with her East
India POSSESSIONS W Inch has cun.inar,i, d
he commerce Of The fast. the trade of til,
Orient aud the mighty traffic of the Pacific
ocean. must contr j the world And oui
arccr, just began in this ilimi,ablc field.
vii! need more than ever u nr, a, continental
.rlery I" circulate the rich blood Of ~.
nations. England and France are alt, ady
10 the fore with the Sucz Canal and lnc
India railroads. and We must meet anu
master them at every hnZaid.