The Superior times. [volume] (Superior, Wis.) 1870-1912, 1873-10-18

now repeat that the report was never seen
by any officer of the Northern Pacific until
this day; nor were its contents known TO Us.
Therefore il was impossible that any anxiety
should have arisen among our directors for
It's suppression. But the fact is, it never
was suppressed, nor attempted TO be sup
pressed, by any officer or director of the
Northern Pacific autobiography nor any
one in their interest so far as known.
But to the report itself ANY one who will
read it carefully will find that it is on the
whole most favorable report for this great
enterprise; and if it establishes ANYTHING it
establishes:
/. That the estimated cost of the construe-
/ ton OF the road is entirely reasonable, aud
that the Chief Engineer of the Company is a
well tried man of reputation for honesty,
experience and capacity beyond question.
, That the lands are sufficient TO redeem
the entire issue of bonds at 10 per cent pre-
MUM, and leaving handsome surplus cf
these at the minimum price, at which Mr..
Haas estimates them, and that, as compared
with existing LAND grant roads, the amount
of sales may exceed by three or four times
the issue of bonds. That is the second point
which be admits.
3. That the region of country through
which the Northern Pacific railroad is build
ing is one of the most fertile on the Ameri-
can continent, and is in every respect suita-
BILE for colonization
These three admissions establish, in the
opinion of Mr.. Haas, the Berlin Commission
er, the value of the Northern Pacific railroad
beyond a controversy. His objections to the
enterprise may be stated thus: That owing
TO the sparseness of the population and the
slowness of emigration along the line OF the
road for a period of years not definitely sta
ted, the earnings of the road would not be
sufficient to protect the interest on the
bonds. These objections have been advanc-
ed to every land grant road that has been
built III this country, not only by foreigners,
but by our own people, who might be sup
posed to know better. And yet, in the face
of these fears and apprehensions, the busi-
ness of all these roads is rapidly developing,
/ the property greatly enhanced in value. and
their interest on their bonds protected in
every case. There is no good reason TO sup
pose that the Northern Pacific i going TO be
an exception to similar land grant roads. On
/ the contrary, the Northern Pacific railroad
has far greater elements of undeveloped
wealth and resources than the Illinois Cen
+ tral road had in the earlier stages of its ex-
+ istence
! | presume that Mr. Foltz and Mr.. Dentex,
associate commissioners with Mr.. Haas, have
also prepared ports which may receive pub
lcation at this juncture. | have not seen
/ either of these reports, nor do | know, even
/ by rumor, their character; but | have no
! belief that they contain statements against
/ the placticablity of the Northern Pacific
Railroad enterprise, and reasonable promise
+ of abundant success for the undertaking when
completed which cannot be reinted with tes-
timony that all uuprejudiced men shall feel
4 TO be sufficient. GEO. ". CASS.
PresldenS of the Northern Pacific
4 Railroad Company.
/ Office Of the Northern Pacific Railway Com
/ pany, september -, 1873.