Evening star. [volume] (Washington, D.C.) 1854-1972, 1876-05-27
The New Charge Against Blaine.

The following is the correspondence In the
New York Sun of to day, referred to Ia our
kilograms, covering another effort 10 impli-
cate Mr.. Blaine In railroad matters
To the Editor Of The Sir: enclose to
you copies OF letter and receipt, the ORR
ginals OF which Were signed by the Hon.
James u. Blaine, which he will lot deny.
In consequence of Mr.. Blaine's letter, L iu-
vested $1,000, which formed portion OF the
amount receipted for by Mr.. Blaine. For
some reason Mr.. Blaine was unable TO de-
liver the stock and bonds according to his
contract, and, after more than a year, and
with some difficulty, succeeded in recover
ing my proportion OF the contribution.
do not wish, however, to ind fault with
Mr.. Blaine for the failure of the Northern
Pacific scheme. II was well arranged, and
II Jay Cooke had been able 10 sell the bonds
at 90. those who controlled the franchise
would have got the government lands free
pressed 1t, would have been q "splendid
thing" TO do; and have no doubt of the sim
certify OF Mr.. Blaine's assurance that Eat the
worst" IL would have been "far more valua-
bic than the Union Pa cific;- and we all know
how "that would leave it.''
AS IL has resulted, however, the credit mo-
olller operation was the better one, and Mr.
Blslnes sagacity was at fault In not foresee-
ing the sad fate OF Jay Cooke.
Mr.. Blaine, IN his recent very satisfactory
V1ndication of himself in Congress from
charges which, IL seems, falsely Connected
him with Mr.. Caldwell, uttered the following
moral rejection: Whenever conceaIment is
Il
not know any better test TO apply to the
honor and fairness of business transac-
ton" When / read this sentence IL occurred
10 me that had been concealing my share
OF this transaction already too long, and I
felt an almost irresistible impulse TO obey
the wise precept OF this teacher of ethics.
Hence this letter.
keep my name quiet mentioning IL to no one
unless TO Mr. CdldIOeIl," who seems to have
been selling some other .ssmall nyers- of
this sort to that sagacious financier, Col.
Scott. Very truly yours,
Boston, May IS, 1916.
Mr. BLAINE OFFERING TO SELL NORTH
ERIN PACIFIC INTEREST.
Pirate
AUGUSTA, Maine, Nov. IS, 1870.
Ny Dear Mr.. Fisher: A year ago and more
l wrote TO you about purchasing an interest
in the Northern Pacific railroad for your
self and any You might choose TO associate
with yourself. The matter passed by with
0uS my oeing abe TO control 1t, and nothing
Cooke contract has been perfected, the addi-
tlonal legislation has been obtained and go
miles OF The road are well nigh completed,
and the whole line will be pushed forward
rapidly. By strange revolution of circuun-
stances, am again able to control an inter-
est, and If you desire it you can have IL. The
whole road is divided into twenty-four
shares, of which Jay Cooke d Co. have
twelve. The interest / speak of is \ OF l-2i,
or 1-192 OF the entire franchise, being that
VI tlSuty-ODe millions OF
STOCK that are being divided as the road is
Quilt, and like proportion of the Land
company stock, that is formed To take and
dispose OF the 81, 900. 900 acres of land covered
by thelr grant as amended by the law of last
session. The amount of stock which this
1192 would have In the end would be about
$4,000. and the number Of acres OF laud il
represents is nearly $4,000.
The road is being built on the 7.30 onds,
az 90.
Instead of mortgaging the land, they
make stock company for its ownership,
dividing II pro rata among the holders OF
the franchise.
The whole thing can be had for s25. 900.
which is less than one third OF what some
other sales OF small interests have gone at
co not suppose you would care TO invest
the whole SIS goo. i thought for a small
flyer eight or ten of you in Boston might
take 1t, $500 each; for g., 500 thus inter
ostpd you would get ultimately SAP 900 stock
and the avails OF some q 900 acres OF land.
Five Of you at 5000 each would have a
splendid thing Of It.
The chance is a very rare one. can't
touch IL; but i obey my first and best i'm
pulse In offering IL to you.
All such chances as this since Jay Cooke
got the road have been accompanied with
the obligation to take large amount OF the
bonds at 80, and hold them not less than
three years.
will be in Boston Tuesday noon, and will
call upon you. OF course IL you don't want
~, let IL pass. You will receive an immedi-
ate issue of stock TO a considerable amount,
and certificates OF land stock also OF course
IN comforting with others, keep my name
Caldwell. j write under the presumption
that you have returned, but have heard
nothing. Yours truly.
(Signed) j. G. BLAINE
uOrst, than the Union Pacific, and see where
that would leave 1t.