Daily globe., 1878-10-11
psrtske in the Il division of the profits Of the

partake in the division Of the profits Of the
building of the road.
Now mark the point. Mr.. Donnelly was not
round among these men. His connection with
the measure IN Congress, his influence in sccur-
ing the passage of the bill. The great adyant-
age he could be to it in the future in securing
subsidies and other favors from the govern
ment, placed him in a position to secure al
most any thing he wanted that the company
had the power to give.
But this was not his purpose. He had helped
make he great measure success by procuring
the charter and land grant from the govern
ment. His connection with the measure was
ended, making money out of it was not his
purpose. Money was not the price of his ad-
vocacy.
Then came a set of men-some of whom I
recognize to-day as among his most depraved
and vlrulent slanderers, and created what they
called construction company and secured
from some political jobbers among the direc-
tors OF the }, Northern Pacific company, con-
tract to build the first section of the road. Out
OF this contract alone they made clear profit
OF twelve hundred thousand dollars on four
months work.
But alas, it was not the loss of this twelve
hundred thousand dollars, distributed among
the stock holders of this construction company
many of whom will be recognized by most of
you-that worked the ruin of this great ma
t1onal enterprise, for the fatal policy that al
| lowed the construction conn pany to be created
| to feed and fattcn on tie enterprise, did more
than any other cause to break down the road.
at the time to which I refer, five million
pounds sterling in Northern Pacific bonds were
being negotiated in Europe. Capitalists of
London and Amsterdam, who had in charge
the placing of these bonds sent their agents to
this country to look over the merits of the
road and especially into its financial manage
ment. Among other things, they enquired
| into the policy and plan of building the road
acfin
ton companies. When they had got hold of the
facts, they reported them to their principals.
| They declined to put the bonds upon the
| market, and the negotiation failed. The
market In this country, not being large enough
| to feat the bonds-the enterprise broke down.
Now, as the land grant for the road has expired.
| the further construction of the road
hesitate whether they shall send
its early friend and eloquent advocate to Con-
gress to sustain it, leave it for i'm beetles and
political lobbers to handle.
What, let me ask, can Mr.. Washburn do in a.
| Democratic House to secure the extention of
| the land grant of the Northern Pacific-noth-
ing. nothing, absolutely nothing.
Ills advocacy of the measure would help not
| to pass it; but to DESTROY it. Every thinking
| man who is posted knows this.
Is 1t not then plain to the friends of this
measure: that matter to what party thew
belong, they are forced to vote for Mr.. Don
| nelly as the sure means to secure the success of
| TINS measure, SO important to all of us, to the
State and country.
The speaker concluded amid loud applause
| COL CROOKS TALK.
Col. William Crooks was next called out, and
made few happy remarks. He thought the
| people OF Minnesota knew what their own in
terests were. How those interests would be
best served, the people knew, could only be
done by sending capable men to rep
present them. Such men as Donnellv
who had interests at stake with his constit
uency and was able to advocate and knew how
to work for this mutual benefit. The gentle.
mems remarks we well received and he was
accorded much applause, and put everybody il.
| high good humor.
Mr. McCung was called upon, but declined
10 speak, owing to the late hour. He moved tc
adjourn, which was done after three ronsino
| cheers were given for Donnellv