The St. Cloud journal. [volume] (St. Cloud, Minn.) 1866-1876, 1875-08-19
IMPORTANT RAILROAD NEWS.

The st Paul Honeer-R Press of yes
terday contains the following, which,
if the prospects therein spoken Of
should be realized, is Of much import
ance to this part Of the State: with
the arrival Yesterday morning Of
Mr.. F. r. Delano from New
York came the encou raging news
that the troubles Of the St, Paul. and
Pacific railroad were approaching 4
conclusion, and that its unfinished
branches would in all probability
soon be carried to final completion.
Gen. Becker and the directors Of the
road last week met in New York cor
tain special representatives of the
Holland bondholders, sent over for the
purpose, and after lengthy discus
sion of all the questions involved, .
basis of agreement was reached which,
it is confidently believed, will re,
move all obstacles in the way of the
completion of the road: This basis
includes withdrawal of all suits
which have been instituted; the Re-
ownership of the road to be abolished,
and the bondholders and sharehold-
ers to agree upon plan for settling
all disputed questions. The negotia-
tons reached so favorable a conclu-
sion with both parties that the result
was telegraphed to Amsterdam on Sat-
urday, and the representatives of the
bondholders will at once return. to
Holland to secure a ratification of
the terms agreed upon. Should this
be accomplished, a committee Of the
bondholders will visit Minnesota
forthwith, and make a special invest
cation ofthe country, the road, and
all the details Of its management, and
should all this prove satisfactory, of
which there can be little doubt, the
unfinished sections Of the road will
probably be graded and ;ironed with
out delay. 1t cannot Of course be
known, at this early day, what por-
9ti6n of the line will first be completed,
but it is thought the Brainerd branch,
about sixty miles, will be one Of the
first, ana then. the section between
Breckenridge and 'Glyndon, thirty
two miles, and next the sixty-nine
miles of unfinished road between
Glyndon and St. Vincent, which is
mostly graded. This forms q com.
plete connection between the Missis-
sippi river and the; Northern Pacific
railroad at Brainerd, and an all rail
route by way of Breckenridge to
.Pembina, and thence by the Canadian
+ road to Fort Garry. These are, ap-
parently, thought at present to be the
most important sectionsof the uncom-
pleted road, and the remaining branch
up the Sank valley will then be tax
,en: in hand, and the whole system f.
nally completed.
"Gen. Becker will probably return
tost. Paul on Monday next. when
further particulars on the subject will
perhaps be obtained. In the mean
time it is sufficient TO- say that the
prospects Of the ST: Paul & Pacific
railroad are extremely. encouraging,
and the hope will be general through
out the State that nothing may inter
pose to prevent full realization Of
the substantial results which are now
80 happily; promised ~ ,;t:..:i s:.::,:
The loyal people Of: Winnebago
county, Illinois, are not pleased with
the invitation extended to JEFF. Davis
to deliver the address at the County
fair. Five regiments went from that
county into the service to crush the
rebellion, and those who survive as
we'll as the friends Of those who fell
do not care to hear what the ex-Presi-
dent of the Confederacy has to say
neutrality-suspicious. or anything else. The
probabilities are that the engagement
will be; Cancelled; if it is: not and jeff
comes, he will be allowed to: speak,
l. ;.EJ -