, 1881-10-15

giving . rate ca frse cumpstitioa With ths
river route. Again I repeat that the cas.
csde branch viii be built vhen sausi.c
tory route can be found. Large landed 70.
terests will not determine the routc. 1t
must be the cheapest and best wherever 1t
leads The effort to bald towns must be
governed by the same principle and the
necessities or requirements Of the company
The North Pacific Is Assnred OF
means 20 build iss main line and 1t viii
be completed in two years. The gap OF $40
miles 300 east Of the Pend d'Oreille Lake
and 800 from the western terminus, will be
completed next year, leaving about 200 miles
10 be completed in 1883. In this last divis.
ion Will be two tunnels of about 1900 feet
each but there can be no doubt OF their
complesion at the time named. The Oregon
TRANSPORTATION Company has st its command
. large capital. That company will do what
the n. P. is prevented from doing under its
charter. 1t is not limited. For the tirst
time Washington Territory and Oregon have
the necessary capital for the development Of
their vast resources ard under this stimulus
Won will see growth that will exceed all
authorizations. Much has been said In the
press about mouopolies. There are two
sides to this question. endesrored TO OBJ
tain control of all the lines We have. on the
principle that railroad lines in q new coun-
try so thiniy populated cannot successfully
exist. The Oregon and California roads
have been in existence ten years and do not
nav 4 per cent with all their advantages and
have never paid more than 4 PER cent per
annum upon the investment. Local lines
cannot pay by themselves, but they can te-
come feeders The Oregon L California road
cannot pay SIS a local road, but in the posi-
ton of feeder TO the trunk line it viii add
perceptibly to the income of the North Pa
ciiic. In the same way local lines can iced
trunk lines, make up for losses, and protect
them from that ruious competition which
can only result in temporary benefit and per-
manent injury.
1t is Il well known TACT THAI trunk lines
leading east from large competitive points
Chicago, st. Louis, and other large centres
have never found business TO pay while in
competition. For time they make war,
then establish an armistice, and III order to
make up for losses charge higher prices than
before. 1t is hoped that the monopoly +"
that We represent will not be trammeled by
such circumstances and it will be benevo-
lent one to you and to the people of this
great northwest because it will be fed by
local lines Rest assured tfat so long as |
am at the head shall not permit the adop-
ton of any policy that can result detriment-
ally to the interests Of the people.
We do not expect immediate returns for
our investments, but we rely upon the future,
in which We have every confidence. You
are near the time Of witnessing a material
development the most marvellous of modern
times and trust you may live to see it..
This address is necessarily much abbre.
viated, but it contains all the points in which
the people Of our section are directly inter-
essed. 1t was delivered in Mr.. Wizards
straightforward impressive styie-a manner
that forces the conviction that he means all
he says, and viii not promise more than he
can perform. After Mr.. Wizards speech
Messrs. Sprague, Burnett and Bryce re-
sponded to calls, which your reporter would
he glad to furnish if You had the space to
publish. If the visitors were as well pleased
with their reception as the members of the
legislature were with their guests the occa-
sion will be one CT mutual kindly remem-
bIa ances. Yours,
MORE ANON.