Lewiston teller. [volume] (Lewiston, North Idaho) 1878-1900, 1879-06-20
The Northern Pacific.

From the st. Paul Pioneer Press Nav 1871
At meet ny "t the iirect.r- uf the
Nor' hern Pac 6c Rsilroa Company in
Nes York yesterday Frederick A. Bill. |
li"as Was el. c,ed president Of the con-. |
pany vie Mr. Wright resigned. This
means business. Mr. Billings is Nhe
s"n' ot the present N",,hrr" Pac e.
organization. He IL gu. of the lar est
capitalists who wer. eLl,strd in the en-
tcrrrise a, It's first practical inception
and has s'ed rraa, deal. mor-
money IN 1t than anybody else. His
tath in il was never III ken hy the
!a'inr- OF III tinanci,l scheme b,
whch } Cuoke undertook to carry
u. lie WAS que "f the chief agents IN
the rccnperat'on Of The company %, u
-"lli financial basis. aud. that a hiryed
he has steadily advocated the speed.est
20 @sitle construction IT the road. con
-isten'ly with suund and safe princi.
pies "f finance His vigorous and pro-
gres>ive ceunsels have fnuly trlumphca
over all opposition IN the board. which
chast' ned ny pas; e peri"nce pre-
t-rred n slew g",Eg. over-can'i"us pol
'cy. 1t was due mainly to ire c,rr.
se''c aud persevering eff rs OF Mr.
| Billings, who proved his unb 'und-d
i.:nh in the enterprise bv very large
aid,;'onal subscriptions that The board
,dnptrd he bold ee-oluti u not I" wa,,
for consres>;'n'l legislation, hut to
ru.h on md build the road AS tas, u.
pass IT, WITHOUT rp.ad I" the con.res
81 ] road agents who s'oo1 across rs
pathway demanding its mnney or IT.
| fe. I}M h" waited to build II n good
deal faster than several u,eu hers of the
b,,ri thought possible. lle h3s sue
credel in bringing his associates oyer
T." his views; in eniaraing the scale and
reach If their plans to the magnitude
"t lhc great enterprise before them
..nd as the result arrangements hav.
been made and the money easily raj &c
,o rnt, throu.h the sect,n # 2it
miles lra.n Bismarck Il the Yellow
.tone. 100 "t 1t he'rg already n"dct
.nntrac, TO be completed this seas II
aud the re nai,]rr Will b constructed
IN xt wear. While, 'nstrnd of The ~
,n,lc, first planned. leo miles is 70 b
hn.lt at the other end tn's year cpn
,ec,,ny Walla Waiia at the head OF IT,
steam Navigation ou the Columbia rive
+ with the Pen ti'Ofe lie lake throu h
, f,e tact I a.rioaitnri; country. III
election to the presidency o' the con
. u,n, means the complete adoption q
n hi. =" ahead policy. and 'h' hence
, forth here Is. 10 be no halt in 'he pr
uress ni the enterprise TIL It's irnn ra'
span the whole west half oi the cont
,.cpt. from fu.e : Sound IL 81. Pan
and M,nuea; OILS With indouitab
J. ener- y IN the prosecution OF his plan
Mr.. Billings Is thur"us ~ c"nsrrvativ
" aud prudent in his views oi f"anc'i
'r .d,a,nistr t,nn. His cn,hu ,n,',c tait
~ in the enterprls" has ~ adnixtnre
- tie visionary. II is based on che C"
~ realiiIc calculations of the Irnctic
" Vernon. Yankee. lie is u man # i,
/" & xltle integrity. opposed heart NJ
y money an 10 ali 10 sc schemes I
= bending It for the benefit oi ,ns,'
rings. ~. indeed, may justly be said
~ the en,iIe directory NJ now c"nst,tutc
'- The principle. ~, which the euterpr'
NJ is NV manaued give assurance III
every mile "f read which shall be bn
>" hereafter will be constructed Mt &
"' lowest practicable cost. aud that I
NJ now sol,d credit of the Rcd wilt
:" butt up with the progress Of cons'i'
,'F tion In the permanent foundations
"e thoroughly honest aud Iruirn' fina
ciai administration. Mr.. Billin-s
devoted h, uselt. mind aud body t, I
success OF this terrrise. which W.
ast cut the slightest disparaseme"t to
re-. predecessor, II may be safely sad.
a., be largely prnn oted by hs election
l., the presidency OF the company.