The Superior times. [volume] (Superior, Wis.) 1870-1912, 1873-11-01
ANOTHER REPORT ON THE NORTH
ERA P4 GLEIT

by leading bankers of Vienna and
Berlin TO examine and report apon
the resources and tinancpai basis OF
the Norrhern Pac tic project. Il
will be remembered that while the
cautious German thought il doubt
tul whether the earnings of Ihr road
and sales Of land wnuld be sufficient
to meet the interest on the bonds
tor a number ot years atrer theecap4-
pletion of the road, he b, slowed
high commentator on the business
resources OF the enterprise and the
character of the country through
which it passed Thc report Of the
other Commissioner. Herr Foitz, has
also just been published. L is much
fuller and much more empnatlcally
favorable in all respects than the re-
port Of Herr Haas.
He pronounces the rome much
more feasible a. to grade aud SHOWS
than that of the Central Pacific; the
construction easy, the compauy's
estimates Of the cost reasonable, the
lands generally good, aud some very
valuable OF the climate and pro-
ducts he SAYS:
The Northern Pacific line runs in the iati-
tudes OF Lyons, Zurich, M.nicn, Vienna,
Pesth, aud Odessa, and, on the whole, the
climate, soil and vegetation, are similar to
those in these places Wheat and other kinds
OF grain the chief products and the tim
OF harvest agrees very nearly with that Of
Middle Europe
As emigration is progressing rapidly and
with the best success, IN the culde>J region
Oh the route-in Mlnnesota-and IS acrlcul-
ture there has developed III few year, TO "a
very high degree, there can be no obi ctlOu
TO the cllmate along the line
lie enters INTO a particular com
parison OF the Northern aud Central
routes, shown . that the Northern
is not only less elevated above the
sea by 5000 feet, but the high aud
snowy region is much narrower
than on til, Central
He makes an elaborate calculation
OF he future traffic, based on the rr
sources OF each Territory, in soil,
mines aud ttmbcr, and estimating
the progress of emigration by what
has taken place in the same parallel
ln Minnesota, and the traffic hN Whai
has been done on tn Union and
Central. Upon this he estimates:
1t expected tie same results on the
Northern Pacific hue, though they cannot be
fully relied on Dy reason ot the Iyss developed
back country. the Northern Pacific line might
reckon on IA gross income of.bout SI6."au,-
uuu IN the first year OF It's full work. U this,
81 per cent, or say -, o. 80 taken off for
operating expeJ ses, leaves sLII clear profit
a surplus OF So 4o1.O neatly sufficient to
cover the interest Of lis bonds, amounting 10
= 300 uuu annually.
A first such "a surplus Is not TO be expect
ed The gross income viii probably be
smaller, and the operating expenses proper
tIonarely eater, - tina It viii be dltfl uil
to raise the money for the int rest OF tue
bonds. There Will theret re. b- time after
the completion ot tHc Hue wueu til. pdNme [
of inter. sJ on bond, uuJ OF the buiidIu- tuud
viii nav, ceased, and Nfen tia. profits OF the
uuderttkra- wili ue insufficient TO cover such
payment. But a. the int,rvs, must be e
cured tu tilt uoudIoldcr, the Railway com
PAM viii have to provide for il IN another
way. The period during winch the surplus
OF income frou traffic viii be Insufficient for
the iuii pa, mem "t lntereot VIII no now
eFe'.sl"ss long; 'or, not TO speak OF the tapI
improvement III Tue yisid oi an modes OF
phoac commuhle"toA IN America, it AS
bteh Iouhd that railroads c"fl'd through
lands al Ir>t thIuiN populated dId uucuIu
vated soon bring aoon, marvellous develop
mgut OF the newty open d territory.
Considering ltt. gIeal superiority
of fitudsnt, IN. y y and me wealth
~ ,i,,4,.r -Ia ..,-..,..,,c.. A,,..ri...,,
-,
vi pi'o"blH >dl mat ~ Ii">P
the hrst Year were .niirh better th.tIt
OF the Ct.nira!. and tn4t The tIte OF
ao,i,er..tit,n youtI a.,-ilv ralSt. - re-
I,.,t.
IL oNSi '"'0 49,
IL men reports Jhe I'tioN it'2 on 'll'
quality ut tn, ltu,S:
The cond tion OF the land. of course, varies
greatly. owing to the .reat Iru-th OF ,he
Epe. ir may however generally be- sad TO
be af 4 good quality. and it Is sometimes even
excellent Good agricultural -usl Is est. p.ciaiil
found H. Minnesota and Dakota. The same
ma. be said of the large vail ~ Of Montana
and Of th, easterl part of Washington teril-
tory. In fact. in those parts IN winch tn, re
are settlements mu h wheat Is already raised,
and ! sold At very distant places aua al high
prices on account of it, excellent quality,
The eastern part OF Minnesota. or the con
trary frou, Lake Superior TO the Grow Wing
river, l2n English miles, is finely wood d as
i also a mart of Montana, NhiIe in Dakota
there are ONLY few woods Of small extent