Bozeman avant courier. [volume] (Bozeman, Mont.) 1872-1882, 1876-03-10
NORTHERN PACIFIC.
MONTANA's ABILITY TO FAT.
From the Chicago Times.

From the Chicago Times
The New York commercial Advertise
lis curious TO know, VIII re Montana vi
get the So, 500 900 which it has voted t
aid the Northern Pacific railroad.
Chicago, Feb. 18.
+ Allow me to briefly answer the abo?
query of the New York Journalist. pu'
8 ished IN yesterday's Times. In the frs
ip'ace, Montana will not. and has not pro
| posed to, give the N P railroad sh;sd,
TO The extent OF anything; ths TELEGRAM
bringing the intelligence, the Other da,
r was erroneously uer ed. Ent sie pr"
jI,.oses 10 loan the company IS 500. 900
I(s2,O0OO:0 thiik it should By st pei
cent. interest payable semi-annually, and
bonds maturing il Is years; and both in
'teresi ard principal are to b.. secured by a
lien upon the traIilc OF the road to and
rom Montana, the inter st to he paid by
til" railroad company out IF its gross re-
lcrlpts; and such turther sum t" b. pa d
out of such receipts semi annually. pl ICED
m trust, and will. with aceruing interest,
constitute q sinking fhna sufficient to pay
the bpnds at maturity
We will now consider the ability Of the
TERRITORY to make this advance-n simple
loan by her to tn. company. with ampl,
security. as It will b. to her, by he pr
ties taking up her bords Statistics can
g produced showing that the citizens o.
Montana are expending million of dol
lars yearly for teaming their freight to|
and from the U. p and G. p. railroads;
to this may be added quarter OF mil
lion for fright!ng goods tre M Fort Benz
ton, on the upper Missouri (but the open-
ing to navigation OF tie Yellowstone nezt
spring will change this); and not less
than quarter of million are expended
IN stage farcs,-in all en- annual .cxpepdI-
ture of million and half by the Terri
tory of Montana for freight AMI travel
rates. Ard this enormous amount they
are paying for the privilege OF coming in
and out of the backdOOrs Of their house
hold, for their natural commercial af-
inities are with Chicago and New York
not Salt Lake aud San Francisco. The
Northern Pacific railroad will open their
'front.' doors, and Chicago, will soon be- y
come, ! believe, as great centre for con-
rolling and giving direction to mining '
enterprises as Gan Francisco now is-for Il
Montana is naturally as rich in silver as Ie
Y, vada, and in gold as california. The u
developments in the Yellowstone and c
Sig Horn valleys the coming summer will
Justify This assertion, extravaeaet as il q
lay Sc m. Immense quantities Of rich u
les are now in storage in the Territory a.
)r want Of means OF transportation, in
'hirh bankers have made advances OF o.
! per cent. per month. This embarras-
IS the development of the richest ores, N
nd although prevents mining second IL
lass ores such rs are the t.s,s of the 1t
ulk OF Nevada's mining operations. y
/ hare not taken into consideration the
nmense lpcrease of taxable property "a
hich will be realized to the Territory by l
IL 0SISCuuu1ol uCVCIOpA uta auC A0f
wstone valley and its tributares-em- ~
racing cultivatable and grazing area
not less than 10000 square miles. That ~
one. mines out Of the question, would gl
Is;ify tine people of Montana in making al
'e advance to the Northern Pacific com Isu
my under consideration, and at the |p'
me- time he an ample guarantee to the |c'
arties taking mp the territorial bonds is
led for th.. purpose. The semi annual ~
ttre.t payments on these bonds, refuna. |co
to tie territorial treasury from the nc
'oss receipts of the company, would ca
mount to but small per cent of the W.
ms now expended by the people of SIC
oniapa for fleighis aud travel rates-so
G arrangement, instead of depicting m'
antana's coff.rs, is an immense saving rr'
her. az