Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1879-10-06


miles on the Pacific side, and AL In
Minnesota and Dakota from Thorn
son junction, a miles east of Duluth,
on the st. Paul and Duluth Railroad,
Also owns, by deed, the undivided half 1880
of, and operates, the st. Paul & Duluth
Railroad, from Thomson Junction to
Duluth, Minnesota. ...................24
Also owns the controlling interest in, and
operates, under 90 years lease,
completed railroad from Brainerd, on
the &c ain line, to Sank Rapids, Mime
Also owns the perpetual right to the joint
use Of and operates, completed rail-
road from Sank Rapids to the city of
Length Of completed railroad, exclusive
of sidings, operated by this company TAO
EQUIPMENT.
On the 3oth of june, 1870, the equipment Of the
road was as follows: t5 locomotives, % passenger
cars, IL baggage mail and express cars, 523 freight
box cars. es9 platform cars, stock cars
Shop tools and machinery, value $125,ooo.
CONSTRUCTION. 80,
After a suspension of construction, for
more than five years, the company has been en-
abled, through full and complete adjust
ment of it's affairs, to avail itself of the favor
ing circumstances of the times, and resume
its work of extending the main line of road.
At the annual meeting, in September 1877
the stockholders adopted the following resolu
ton: ..-.. .s-..=s-E0
Resozred, ''That it is the judgment of the stock
holders that the construction of the companys road
westward from the Missouri river should be com.
menced forthwith-and eastward from the Columbia
river, on the Lake Pend d. Orelle division, as soon
practicable. And the board of directors are her
by urged to proceed with such construction rapid
" as possible, consistently with economy and the
best interests of the company, keeping steadily in
view the early completion of tho entire road to the
Pacific.'
At the annual meeting in 1873, the stock
holders adopted the following resolution:
Res0IOed, 'That the board Of directors be, and
they are hereby advised and requested to put under
contract for construction, as soon as practicable,
the companys main line of road between the Mis-
souri, and Yellowstone rivers, and to cause the same
to be completed ct early period prudence and
in their judgment shall seem best, the company'a
lands appertaining to that portion of its main line
and to use and employ the income and any other
available means and assets Of the company, so far
necessary for the accomplishment Of that object
The judgment of the directors being fully in
accord with the recommendations of stock
holders, vigorous measures were taken in the
fall of 1878. to prepare for letting the work on
the Missouri division, from the Missouri river
to the Yellowstone river. over 200 miles, Pro-
posals were advertised for in November. About
forty contractors submitted their bids. The
lowest bidders, Walker, Bellows & Company,
were awarded the contract for the con-
struction of one hundred miles of road
from Bismarck westward, and they
commenced work in January. Such progress
has been made as to reasonably assure the run
ming of trains over this hundred miles of ex-
tension before the close of the present season.
The remaining 1l6 to 100 miles of this di-
vision, extending to the Yellowstone river, is
now being definitely located by the engineers
in the field. A portion of it will be in readi-
ness for contract in October, and an effort will
be made to reach the Little Missouri, about 40
fr0c fhn w hi
son. It is intended to have the entire division
completed and in operation to the Yellowstone
in the summer or early autumn of 1880.
The Yellowstone is the next division, about
$40 miles in length, chiefly in the Yellowstone
valley; and it is proposed to proceed with the
surveys and final location there, so as to put q
portion of it under construction early next
season, in advance Of the completion of the
Missouri division.
The next, following the Yellowstone is
called the Rocky Mountain division, about 200
miles; then Clark's Ford division, about $50
miles; and the next is Pend d Oreille division,
about 21O miles. The last extends from Lake
Pend d. reille to the navigable waters of the
Columbia. The construction of the Pend
d. Oreille division is about to be commenced.
To insure the location of this division of the
road upon the most advantageous line, several
parties of engineers were placed in the field
early in the season, under the personal super
Old lines have been reviewed, and new ones
surveyed, over wide range of country, SO as to
give very full and exact information upon the
topography and resources of the entire region
within the limits of selection, and a location
has been adopted which is believed to be the
best that can be attained. 1t presents but lit
tie difficult work, aud is, as whole, an easy
line to build.
The work Of grading, from the
Lake Pend d'Oreille will be commenced
Immediately. Proposals for timber and ties
have been advertised for, ard contracts for
their delivery will be made next spring. Ship
for this division were made in April and May
last, and are now due in the Columbia river.
Other shipments will be made in time for the
laying of the rails in the track next summer
Twelve thousand tons of steel rails, with the
fastenings, have been contracted for, delivered
at Underwater, in the months of December,
January and February. The prices were ia
vorable to the company-fve thousand tons
delivered at ships tackles in Philadelphia, for
forty-fve dollars, and seven thousand tons, at
Hoboken, for forty-five dollars and a quarter
per ton.
To provide funds for the construction of the
Missouri division, bonds at the rate of $12, 900
per mile, 100000, in all, are to be issued by
the company, secured by a first mortgage on
the road and lands of that division-the earn
ings Of the complete road being pledged, I'M
der the plan of reorganization, to pay the IN
terest on and provide sinking fund for, such
bonds. 100000 of these bonds, with
like amount of preferred stock, were offered
pro-rata to the stock holders for S2,00O,0 900 and
were taken.
For the construction of the Pend d'Oreille
division, bonds have been issued not to exceed
500 900 per mile, secured in the same way, bv
hrst mortgage on the road and lands of that
division. $4,000, 900 of these bonds, and 81
100000 of preferred stock, were offered pro-
rata to the stockholders for $2,000,000 and
were taken. The remaining bonds of this di-
vision, as we'll as the remaining $500,000 of the
Missouri division, if needed, should be disposed
of on more advantageous terms. The faith
shown by the stockholders, and the improved
condition and credit of the company, Justify
this expectation. -
With the Missouri and Pend dOreille diyis-
ions completed, there will be a gap between
them of something over 800 miles. While
this Is being filled. it is expected a mail route
will be established, and stages run between the
approaching rails. ~.
The lands to be earned by the construction
will amount to over five millions of acres for
the Missouri division, and over five millions
for the Pend d'Oreille division.
From the mouth of Snake river down the
Columbia, on the main line to Kalama (whence
the company's road is completed to Tacoma.
los miles, connecting the Columbia with Pu-
get Sound), is about $50 miles. The length of
the branch line, from a point on the Pend
d'Oreille division, over the Cascade range, to
be built to reach Tacoma, is about the same,
Its proposed, as early as practicable, to make
further surveys of the branch line over the
Cascade range, so that accurate estimates of
the cost of building over the mountains, az
well as down the river, can be made.
CONNECTION WITH ST. PAUL AND MINNEAPOLIS
AND MANITOBA BUSINESS.
Since the last annual meeting. arrangements
have been perfected securing for the Northern
Pacific railroad a satisfactory and permanent
connection with the cities of st. Paul and
Minneapolis.
contract has been entered into with the a.