Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1875-12-28
NORTHERN Pacific RAILROAD.

A correspondent Of the New York III
buns has recently been interviewing Jay
Cooke concerning the affairs Of the
Northern Pacific Railroad. Mr.. Cooke.
although bankruptsd BY his advances to
aid In the construction Of this Northern
route, stiil takes . warm interest in its
a~ffairs. and 10 just a. confident a. ever
Of its future success. He saysth there will
DO NO effort on the part Of that company
TO secure aid from Congress by joining
hand. with Scott's Texas Pacific Rail-
road project. 1t appears that Col. Scott
IL confident OF his ability to push his
scheme through on its own merits, and
that the Northern Pacific managers,
vhils not opposing II. are not seeking
an alliance. Mr.. Cooke speaks In glow
ing terms Of his pet railroad. He says
that Il now occupies the proudest posi-.
ton Of any railroad In the country.
being entirely FREQ from debt. its
bonds having all been converted
into preferred stock. The value
Of the company's land grants Is, accord
Ing to Mr.. Cooke. far greater than even
the Directors themselves imagine, while
both ssds Of the road arm . monthly
surplus over running expenses. amount
ing to about 5000 Tho completion
Of the last two hundred miles Of traei
In Dakota. gave the company 2oo.Oo'
acres moro than are contained in th'
whole State Of Massachusetts,. while th'
reservation OF the alternate sections DO
longing to the Government. for aetaaI
settlers, In tracts Of eighty acres. or one
hundred and si1ty to soldiers, enables
the company to virtually offer the sstsie'
10 whom 1, sails q farm another farm cd
Joining Il . . FREQ gift. The settler
who bays eighty acres from the eoupan,
has only 10 build his house on the cd
journing eighty to own the whole one
hundred and sixty acres. and
II such settler has been q
soldier hs may get three hundred
and twenty acres BY the Same process.
Mr.. Cooke justly argues cha, this 10 a
great incentive to actual settlement along
the line Of the road. and that the strict
provisions Of Law to prevent spectators
from getting possession Of any land
within the limits Of the company's
grant will eventually result in thickly
~populAting the country through which
the Northern Pacific runs, and thus
produce . large and constantly aug
msnting local business. For the credit
Z Of the Government and the prosperity oil
the Northern section Of our country. l,
IL to Be- hoped that Mr.. Cooke Is not
too sanguins in his predictions. The
Northern Pacific Railroad was endowed
with tsrritory enough TO found a en-
pire. For this vast gift il has returned
afev miles Of railroad running from
tide water on the West and the sI.
trsns bounds OF settlement In the
Northwest into an unknown and
uns1plorsd wilderness. For tn,
construction OF . few miles OF rail,
road ID has received title to lands squa
In sxtsnt 10 half New England. Thsss
obtained. work upon IL 10 suspended
Just now. when an earnest, combined
and persistent effort 10 being made BY
another transcontinsnta railroad COM
pany TO saddle upon the Government,
obligations which win serve to float its
bonds In homo and European markets.
IL 10 we'll enough to call to mind the
history Of the railroads already sub
sidized Sy Government. and to consider
what benefits u has received for its adj
vanoss, or what security II has for their
repayment.