Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1877-10-05

The annual meeting of the stockholders
of the Northern Pacific railroad was held
in New York on Thursday, with Il large at
tendance. The annual report showed gross
earnings of the year, 1865 ,S23 81, and the
expenses, S573. l2i 90, leaving a net balance
of S392 SOS Al, or an increase Of nearly -
per cent over last year. BY snow-iencing
the Dakota division, which had PREVIOUSLY
been operated only in summer. the road
was kept open during the Winter and the
traffic paid the running expenses and. not
outstanding snow storms OF unprecedented
severity, the trains were delayed less than
those of the New York Central road.
fleet of moro than 30 steamboats, has run on
the Upper Missouri and Yellowstone rivers
during the Summer to connect the Bismarck
terminus with Montana. upos which large
quantities OF merchandise is sent into the
Territories, and furs and mining products
returned. while the passenger traffic on the
boats was large. A first-class transporta-
ton line has been established between BIZ
marck and Deadwood, in the Black Hills.
More than 1000 emigrants passed over the
road to tho Red River Valley. The land
operations of the year amount to sales OF
27O, 1896 acres. amounting altogether to ST.
232, S5l.74. in payment OF which Sl,9l9,-
O62 II has been received in preferred stock,
and 81, 1861 cash.
During the year ending June !, 337 900
acres of Government lands within the limit
of the company's grant were sold to actual
settlers, representing an added population
of 10 900 persons on these lands alone The
estimate of the business of the next year Is
greater than that OF the last year. The ex
tension of the Pacific Division to the
Puyallup coal-felds is nearly completed.
and in 30 days the road will bo in operation
The total expenditure Tor this road has been
Si72 .OsI o.. and $500 900 of the money for
the outlay was raised IRON net earnings,
and the balance from loans among the
officers and friends of the company. The
extension of the line from the Columbia
river east and through Eastern Washington
into Idaho at Lake Pend d'Orolllc, 2uo
miles, IL recommended. The bull Tor the cx-
tension oftime will he pressed again in the
coming session OF Congress. ~ an act ot
Justice to thousands oi stockholders who
have put nearly 50, 900 900 into the enter
prise.
Frederick Billings then offered tho follow
ing resolution, which was adopted
Resoitsd That It is the dgrueut Of the stockhod
ers that the construction oi tho oumpany's road
westward from the Missouri River should ho com
menccd forthwith. and eastward from tn" olumhla
River on the Lake Pend doreillo DIVISION as soon
rs practicable: aud tho Board ut Directors il here
by urged To proceed with such construction ~
rapidly MS possible consistently with economy aud
the hast interests OF the company keeping IN view
tho early completion ut the entire r"ad 1" the
Pacific
An election was held resulting in the
choice oil the following Directors: Charles
b Wright. Frederick Billings, George W.
Cass, Benjamin j. Cheney, Charlemagne
Tower. Johnston Livingston. Joseph Dbl
worth, j. Frailey Smith, George Stark,
Alexander Mitchell, j. & Alnsworth, John
NJ. Denison, Richard l.. Ashurst.