Bozeman avant courier. [volume] (Bozeman, Mont.) 1872-1882, 1876-03-31


a specified time put up good gr's a"
saw mill good four-y"ar>ol ! 1T t. er
al in,iiviiu Il enters inrO the 20, tract All
receives one hundr. d steers. He t.. j. sur
hat thes". with what mon y h- has o
hand, will be st;ffic,ent to complete Il,
mills, but whn he gets the house an
wood wmk all complete. he sends one Z
his wOrkm-n Est to purchase the ma
chinery. The agtnt 'egi cts to return
and runs off with the money. The int.i
vi,Iual who undertook to huild the mil
has to confess that he is unable to pro
Z ed further with, the enterprise, but pr,
posrs 10 10 anything in his power to 81
Icure the ore hundred farmers it they vii
tur,heer help him. On inquiry as TO th
amount OF wheat raised by each. they in
fO' m him they can average 1000 bushel
yearly. stisking 100000 bushels annually
Then he proposes, it they viii each 60 o.
"a note or bond for 5000 at Z per cent.
payable at the Bnzrman Bank ten year
from date. so that ne can sell id bon,
70 procure means to complete The mills, t,
give them mortgage on one-halt OF n!
the toll "rising from the grin,iing OF al
.r.in brought to sal mill by any an all tn
Sign+rs of tha. bond to pay the interest All.
create sinking fund tO meet the prin ci
p when du' and said mortgage ma.
provide tha, il said contractor shall at an,
mi rot fA oAf nj nal
l'aif OF the gross proceeds OF such toll
then a suit may BE- commenced agains
-a,d mill for the payment OF said bond
principal and intttt st, which prot'siol
may br incorporated into said mortgage
Would they, as sensibla men. say to him
we c'ptd you literally once; you hav'
disappointed us one time and we will se'
that you don't do SO again. or would they
no. think Of the distance to mill at Boze
mar, the worthl+ssnrss nt 1.0OO, 600 hush
OF wheat each year, the plobnblIit,
oi saving their lumber with a whipsaw
as well a. the prospect OF selling Hour a.
the camps down river at fair prices, L
seems 10 me that tie hur dreG men would
not hesitate one moment IN determining
0 give the S.. 900 bond, as requested with
The s.cqritY. 1t. th:aXz hi.ye. 4s't .aaG4Ased
there can be no doubt Of the security. Lat
suppose, by grasshoppers or some othrl
unlocked for accident, the :nll fa'ls =
meet the Interest and make sinking fu"d
to meet the principal, could the one hun
dred men not pay an additional $50 each
which woukl pay the bond and tber
make money and better ,heit :o"di''cn'
/ think they cou'd. The above figure, !
a. ems 10 me. is iair par allel to our cond'
ton. The railroad proposition, with IN
S. curity proposed and advantage 10 oe ac
oar,ed or disauvan, ages to br e"iurtd b!
US in hclpin. or refusing to help said com
pany, and do not think the picture oyer
drawn. !.
It is scarcely necessary to mention tn
isadvantages under which W. labor ant
VIII continue to labor. without RAILROAD
com.n unication, and will only do SO =.
mentioning few If thr advantages wh'cl
Il think we will gain by gong into the CO.
tract with said company, as prescribed .!
SAID Act. TIE company must flrst' AM
within two years from the completion "
I,he contract and At their own xpenst, pu
N running order the road to the Yello"
stone At a point ~h,chi is fifty miles At le"s
ll.tu our Territory. Then TO build sec
ton OF twenty mills further before a..
bonds are to issue, which will make seve"t
miles into The T. rri'ory before any bond
ar to he issued, which are to run 81!
months before any interest is to pay n"
Ibonls to issue for thu first twenty miles
With 175. 600 acres Of land that will bav
accrued to ID. Company from the Govern
m,nt. winch la, d will be subject to taxa
tion. I; will be at least worth 81 20 pc
acre "A SOM ds the road approaches il
which viii amount to 81. Isl, so, taxed q
twU ,er cent, which is under an asersg
lfoi property in tie Territory, will max
s4s74 70 pay Interest. Then we will h.v
The gross amount OF the money arisin
u ON The freight snd travel from Bismarck
distance OF 1926 miles added for 81
mouths, Ut least. before any interest vi
be to pay. The business men 10 the lei
ritory estimate at least one million OF dol
,ars Laid by this Territory j" xr'es IL
freight. If ltat is correct. tn none
s.ideu for passage, rs soon ss the said roa
h. ts seventy miles into tie Territory. vi
augment the amount considerably. The
id the worth Of the road bed and rOl"n
stock VIII .ch will be subject 10 taxation
Then II Is fair to estimate that ohe.tour'
!. of the reserved lands of The Go,
ernm.nt will be occupied - fast
!, the road advances, wtich Tor seventy mil
|amou. Is 10 43,755 acres, estimated
lso so per acre amounts to $110.5a7, to
t ,ax. d Vt Q per cent, giving rs revenue
add tiooal sum Of $a.39l. 1t there il
i|miliion Of dollars worth Of freight pa
10y the people of Montana annually.
,I,hi,k it is far to estimate that one-haK
: q d freight will pass over the N"rthe
/. Pacific rsilrO d, rs soon 8 It gets u
|. con siderable distance into this Territor.
: II 40. On. fourth of one million, or $2ot
= |OO6 would accrue TO the Territory.
i soon q said road reaches .he mouth
: lShlela's river 10 llQ"ida,e said BON
J, and interest, This lii addition to the |,
Mlou the land. road bed ssd rolling stoc
Icanno. fsil " pay The interest and crrs
81 y sinking fund to psy the principal n
r tN tants the hrst bOnd 10 issued. ev
.oIShbuh We hAy4 TO ~ it. I have III
,6|rAor ,,Sr,iA,,iaf "a trv 10 shoW tLAt