Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1881-07-25

1t will be seen from the programme tnat
Mr. Willard has arranged to take possession
at once and completely OF the territory that
belongs to the Northern Pacific. Any other
road that attempts to invade it will find itself
not only resisted but attacked. Mr.. Willard
believes ir masculine measures. His motto
is a vigorous one, 1t is:
FIGHT FOR PEACE.
His resources are so much vaster than those
of any competing corporation that he will
probably soon succeed in securing cogni
ton of the right of the Northern Pacific to the
business of the territory tributary to it, The
special antagonist of the Northern Pacific lie
the ST. Paul, Minneapolis & Manitoba COM
bination II they do not yield the point for
which the Transcontinental contends-undis-
puted possession of its own territory-there
will be an interesting fight between the two,
in which the Killed and wounded will be dol
lars instead of men. In this contest the Man
itoba people will find that invasion is game
that two can play at.
An outlet of its own to Lake Superior is
part of the original plan of the road that has
not vet been carried out. This outlet is now
being secured by laying track from Thomp-
son to Superior City-the long unsuccessful
but now rising
RIVAL OF DULUTH.
This work will be finished this year, and the
road will be carried beyond to the legal termi-
nus at Montreal river with as little delay as
possible. Beyond Montreal river, by connec-
ton with the Ontonagon & Montreal Rivers
railroad, the Marquette, Houghton & Onton-
ayon, and the Detroit, Mackinac & Marquette
roads, the Northern Pacific will reach the
Canadian railroads at Sault Ste. Marie, lake
navigation at the straits, and the railroads
like the Michigan Central that come up the
Michigan peninsula. At Superior City Mr..
Wizards road is already certain of two indie
pendent outlets to Chicago-by the Chicago,
St. Paul, Minneapolis & Omaha, and by the
Chicago, Portage & Lake Superior air line,
These will do until the plans are matured for
the acquisition of roads that will make the
Northern Pacific in reality as we'll as IN name
the Oregon 81 Transcontinental line.
THE VALUE OF THE LAND-GRANT
of the Northern Pacific is greater than is us
ually known While the times forbade the
rapid completion of the road, and the limit
| had been passed which its charter allowed for
| building, its managers did not think it wise to
boast of the value of their franchise in the
| face of congress that had already raised the
| question of forfeiture. Since money has
come into the treasury by the bushel to finish
| the road, and the secretary of the interior has
l
cific, unlike the charters of most land grant
| roads, does not permit of a forfeiture, this
reserve about the land grant has worn off
| Where it runs through a State, the Northern
| Pacific has half the land-distributed in al
ternate sections-for twenty miles on each
side of its track. When it goes through a
territory it has half the land for forty miles
on each side. In other words, it has the
equivalent of solid strip twenty miles
| IL yuoc nfM nnfr ao1
river, and through Minnesota Through
Dakota, trough Montana, Idaho and along the
{, ascade branch it has what is equivalentto a
solid strip of
| LAND FORTY MILES WIDE.
If its other branch on the Pacific slope runs
between Oregon and Washington, it will hav,
beside the above the half of strip forty mil 4
wide in Wa shington, and half of one twent,
miles wide in Oregon. Its charter gives it
double line, and SO double land grant, on tn,
Pacific coast. So when the Northern Pacific
| buys the Oregon Railway & Navigation com
| pany,s line, it will take with il land grant o
immense value. It will do this, for its char
| ter permits it expressly to build or acquire II
order to complete its line from the lakes tt
| the Pacific. Its main line and its branch viii
give the Northern Pacific on the Pacific coas
IN equivalent of belt seventy miles wide tt
| tide water.
What does this land grant amount to? It's
original amount was 47,000,00 acres. Tn
company lad sold at the time of the las
statement 2,312, 900 acres. The officers of tn
company most familiar with the extent ant
value of the land grant calculate that afte
making more than fair allowance for posi-
bly, unavailable lands, the available lands o
the Northern Pacific, upon its completion
will amount to 81, SOC, 900 acres.
AN AREA EQUAL TO THE STATE oE ILLINOIS
| As to the value of this land, it can only b
said that there has never been failure of tn
crops along the line of the road whereve
farming has been tried, and that those VIII
have seen most of the country are most conf
| dent of it's value.
THE FINANCIAL POSITION
of the road when completed in 1883 will be, a
nearly as it can be figured out, something lik
his on 1900 miles of road:
0,nds IS 44.t00.000; per mile 1922, O0
Preferred stock. 3o,00b,000; per mile 1900
Common stock. 49,000,0OO; per mile 24,5O
Total. =. 1923, 900, 900; per mile SOL so
ASSETS.
Two thousand miles of road with equip
ment, and $500, 900 acres of land fair to frs
rate.
The capitalization of the Northern Pacif
| will be
LESS THAN ONE-HALF
that of the Union-C Central Pacific system
| which, with mileage of but 1885 miles, il
paying interest and dividends on $253, 1854, SO:
| of stock and bonds. Most Of the earnings O
the Union Central are local. The local traffi,
of the Northern Pacific, which runs through
better country and better population, will b.
| very large. 1t will command great part O.
| the Asiatic trade, by it's saving Of 700 miles
| over the more southern routes. There is nc
Credit Mobilier TO suck the profits of thu
Northern Pacific away. The Oregon & Trans
continental, on the contrary, will provide the
main line with perfect system of feeders
| An immense business awaits the completion
of the road. President Pillsbnry, of the Min
neapolis board of trade, states that the mills
of that city will hereafter need $4,000, 0O(
bushels year to keep them running. Iast
| year the surplus wheat of the whole Pacific
| the opening of the Northern Pacific through
eastern Oregon and Washington to the lakes,
the cost of shipping bushel of wheat tc
| New York from Oregon will be IS cents
| against IS cents as now. AS already stated
the Oregon system will alone add S., co. 900 al
| once to the traffic of the Northern Pacific
What will come toit from the
THOUSAND MILES OF FEEDERS
to be built Immediately in Dakota and Mime.
sofa is limited only by the development of the
country. Nearly 100000 acres of govern
ment land have been taken up by actual set
tiers along the line, by the side of the land
grant in Dakota and Minnesota, during the
past eighteen months immigration IS rapidly
filling up the country, and very large pro.
portion of the newcomers are Americans
from the Deighboring Statss,- attracted by the
| success of those who went before. Every acre
| planted with wheat the managers of the road
count good for an annual revenue of s. to
| them for the transportation of the wheat
alone. This country, was once thought to bt
a desert, but it is in reality one of the best
| farming countries in the world. This is dis.
| trict Chicago business men should look after
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The Perplexing- Telephone.