The St. Cloud journal. [volume] (St. Cloud, Minn.) 1866-1876, 1875-09-02

TIE 81. PAUL AND PAc.rFIO II, II. q
Results OF Tho Recent Negotiations q
Nsw YorkIhs Oonolusions Roached Il
sa&lsfAotesy Is An Paroles. and the 81
Prospeets bright For the Conn X
platioa 81 tho I1ranches.
Ssss gsss b $50
The return Of Gen. George Il
Becker, president Of the st. Paul &
Pacific railroad, from New York yes
terday, enables the Pioneer Press ia
furnish authentic information in re-
gard to the results Of the recent meet
ing in New York Of the officers and
directors Of the St. Paul & Pacific
railroad company and the bondhold-
ers of that road, between whom it il
known an unfortunate misunderstood.
ing has existed forsthe past couple :oi
years. Though the facts ELECTED
from Gen. Becker are rather meagre
and scarcely warrant the high hopes
and enthusiastic expectations Of an
almost immediate resumption Of work,
raised q week or two ago by. exag.
gerated and unauthorized reports Of
what occurred in New York, theytare
still of a highly encouraging charac.
ter. In other words, there are sub.
stantial grounds for the confident be.
lief that all differences ofopinion, at
least, have been happily reconciled,
and that in the future all parties in
terested in the welfare and develop.
ment of the St. Paul & Pacific rail.
road and its branches, will work to
gether towards common purpose,
and this accomplished, there are nc
fears but that the ultimate results
will be generally satisfactory. p. !:
At the meeting in New York Of
the directors Of the st. Paul & Paci-
fic road. and the representatives Of
the foreign bondholders and ltock-
holders, an arrangement was dhani.
mously agreed upon, subject only to q
ratification by meeting Of the bond
holders to be held at Amsterdam,
within sixty days from the signing
Of the agreement, which was on the
18th of August: The terms Of thil
arrangement are not to be made pub
lie until after they have been con.
sidered blythe meeting alluded TO-
They are, however,: eminently fair
and just to all the parties eneerned,
and they will undoubtedly be ratified
in Amsterdam. If. the agreement is
confirmed, it will of course terminate
the litigation between the First Di.
vision Company and its bonded cred
| itors, and the contestants will be in
| vited to cordially unite in carrying
out all the enterprises in which they
are mutually engaged. s..,, !, 49,.
7 With reference to the extension Of
the St. Paul & Paci fc, no definite in
formation can as yet be obtained on
that extremely interesting branch Of
the subject. 1t is probable that the
mortgages on the road win have to b.
sforeclosed, but the foreclosure. will sb<
without contest, and it is believed
that aspeedy conclusion will bereach
ed in this particular: ! y:
While nothing has yet been sale
about the completion Of any of til,
extensions, it is reasonable to sup
pose that the satisfactory results o
the negotiations already accomplished
will lead to an early resumption 0!
work on the line, and that the roads
will be completed. Though the origi'
nal system may in some respects b.
modified, the change will undoubted
ly prove to be as advantageous to the
general public as the road itself
i It will be seen from the. foregoing
meagre outline of what has been con
summated by the high contracting
parties, that there is a remarkable
probability that the st. Paul & Pa
ci6c road has now safely passed al
important crisis in, its affairs, and tina
it is actually in better condition tina,
it has been for several years. TIL
parties in interest are heartily to b.
congratulated upon: the happy out
come of their previous differences o
opinion, and Of the substantial con
| .vergence of all diverse. elements to
wards a common end, which lis -, thu
completion Of all the roads, and tn,
consequent development of the: mag
ni6cent and fertile belt Of oountr,
which it opens up to the world. Tn
people Of the ew whole State Of Minneso
ia s have even greater reason TO: felici
tate themselves upon the auspiciou
ERE ERE which is dawning upon them
and which promises to bring the vas
northwestern sections into closer rela
tionship with al i, the =. more populous por
tions Of the State, and. thus affort
2 relief to those frontier, settlement
which is 50 imperatively necessary +
their prosperity and well being :.
S. "a: R"l . hEe" tF' :h e A'g %.
\ :'al? LIE - II - - -; 4
! Jesse; s, Long, the noted short
l horn cattle breeder hung himself o.
/ his far farm, twelve miles south of New
ton, Jasper county, Iowa, ;Sunda,
night. He had 100 cattle at De