The daily gazette., 1876-05-30
BLAINE BLASTED.
Letters of His SIsosOissO a Bargain
and Sale of an Interest In the
Northern Pacific X. II.

Letters of His Shouting a BarDai,,
and Sale of an Interest In the
Northern Pacific X. II.
The following letters are printed in
the New York papers
MR.. BLAINE OFFERING TO SELL A
NORTHERN PACIFIC INTEREST.
Pripate.
AUGUSTA Maine, Nov. 25, 1870.
My Dear MIR. Fisher: A year ago
and more 1 spoke to you about purs
chasing an interest in the Northern
Pacific Railroad for yourself and any
you might choose TO associate with
with yourself. The matter passed by
without my being able to control it.
Since then the Jay Cooke contract has
been perfected, the additional legisla-
ton has been obtained, and $50 miles
of the road are well nigh completed,
and the whole line will be pushed for
ward rapidly. BY strange revolution
of circumstances, l am again able to
control an interest, and if you desire
it you can have it. The whole road is
divided into twenty.four shares. of
which Jay Cooke & Co. have twelve.
The interest speak of is / of 1874, or
1-192 of the entire franchise, being
that proportion of the eighty.one mil
lions of stock that are being divided
as the road is built, and like propor-
tion of the Land Company stock, that
is formed to take and dispose Of the
So, 900. 900 acres of land covered by
their grant as amended by the law of
last session. The amount of stock
which this 90 would have in the end
would be about TABS, 600, and the mum.
ber of acres of land it represents is
nearly 275 600.
The road is being built on the z 80
bonds, $25, 900 TO the mile, which Jay
Cooke takes at 90.
Instead of mortgaging the land, they
make stock company for its owners
ship, dividing it prorata among the
holders of the franchise.
The whole thing can be had for
$25, 900, which is less than one third of
what some other sales of small inter,
est have gone at. / do not suppose
you would care to invest the whole
$25, 900. I thought for a small flyer
eight or ten of you in Boston might
take it, 81, 500 thus invested you would
get ultimately $42, 600 stock and the
avails Of some $1,000 acres of land.
Five of you at 5000 each would
have a splendid thing of it,
The chance is very rare one, l
can't touch it; but obey my first and
best impulse in Offering it to you.
All such chances as this since Jay
Cooke got the road have been accom-
panied with obligation to take large
amount of the bonds at 90, and hold
them not less than three years.
Twill be in Boston Tuesday noon, and
will call upon you. OF course if you
don't want it, let it pass. You will re-
ceive an immediate issue of stock to a
considerable amount, and certificates
of land stock also. OF course, in con-
ferring with others, keep my name
quiet, mentioning it to no one unless
TO Mr.. Caldwell. l write under the
presumption that you have returned,
but have heard nothing.
Yours truly,
(Signed) j. G. Blaine.
This stock will be far more valuable
at the worst, than the Union Pacific,
and see where that would leave it,
TIE MONEY PAID-BLAINE GsTs $25, ,OO(
CONFIDENTIAL
$25, 900. BOSTON, Dec. 1, 1870
Received of Warren Fisher, Jr.
twenty-five thousand dollars in trust
in consideration of which am to de-
liver to said Fisher properly authenti
Gated certificates of an interest in thu
North Pacific Railway Company equi
valent to cne-eight (b) part of one o
the twentyfour (24) principal shares