Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1882-09-01
oRECoN 4 ATRANsCONTlxENrAl Cou.
PANY.

oRECoN 4 ATRANSC0NTlXENTAL CoM
PASY.
| The company was organized last yea
for purposes which are fully explained
In the report below, which is for tn,
year ending June %.
The report Of Mr.. Henry Willard
President of the above named company
SAYS:
The first fiscal year having terminat
ed, 1t Is proper that you should be in
formed Of the progress made since tn
organization of the company toward
the attainment of the objects for whicl
It was formed. These objects were q,
follows:
Il. To acquire and hold a controlling
interest in the stocks of the Northern
Pacific and the Oregon hallway 4 Navi
| cation companies.
| 2 To promote the company OWE
interest. as The holder of such stOcks, BY
the creation Of such auxiliary systems
! of railroad, steamship and steamboat
lines as would tend to protect and In
| crease the transportat ON business o1
these two corporations.
70 engage in such other CONNER
cial and industrial enterprises as would
tend to hasten and widen the general
development of the States and TerritO-
ries traversed by the Northern Pacific
and tho Oregon Railway i Navigation
companies lines.
in order to provide ample means fOz
the pursuit of this comprehensive pr0-
gram, the company was formed with
an authorized capital Of go, 100000. BY
virtue Of a resolution of the board Of d.
rectOrs, passed July 4th, 1881, it was de.
cided that NO more than $3O,O0O.O0O Of
this authorized capital should be issued
at present, of which amount $23, 76O, ,OOO,
equal to 237 500 shares, have been actu-
ally paid for and issued up to date. The
balance will be issued as paid for.
THE larger portion Of this paid-in
capital was invested in Northern Pacific
and Oregon Railway d Navigation
stocks, representing this day a market
value of $26, ,::ssS4, ,ljO.
"The work of carrying out the second
part of the cOmpany's program was
commenced last summer as SOON as the
condition of the treasury warranted it.
Your board decided, however, to cOntine
operations at first to providing such
branch lines to the main line Of the
Northern Pacific as would, upon careful
examination, appear indispensable for
the protection and development of its
traffic and the enhancement Of the val
ue of its land grant. In pursuance
hereof, 1t was, after mature deliberatiOn
determined:
Il. To acquire by purchase the so
called Caaselt0n Branch Of the Northern
Pacific main line, the completed portion
of which extends from CasSelton station
in Eastern Dakota, 70 miles west of
Fargo, down the extremely fertis Red
River Valley, a distance of 43 miles to
the town of Mayville. Beyond this point
it is graded for 30 miles. In acquiring
this line the purpose was entertained of
extending it to the boundary of the Ca
madam province Of Manitoba.
49, 10 tacQuire the charter granted
by the Dominion Government Of Canada
to the Manitoba Southwestern Colonial
tion Railway Company, including
land grant OF 64O0 acres per mile, and
other valuable franchises, and to build
90 miles of the prescribed line from
WinnepeG in a sOuthwesterly direction,
with q view to an ultimate connection of
it with the CasseltOn Branch line.
'3. To construct the line Of tho Far
90 4 Southwestern Railroad Company,
extending from Fargo, the largest and
most tiOurishing town in Dakota, in q
southwesterly direction, through an ex-
ceedinRly fertile region, across the
counties of Cass, Ransom and La MOure
to the valley of the James river; which
it will Cross about 40 miles south of the
main line of the Northern Pacific. Fifty
miles Of this line will be completed this
year.
~. To construct the line Of the Little
Falls d Dakota Railroad Company, ex-
tending from the town of Little Falls,
on the st. Paul line Of the Northern Pa
ci6c Railroad, in q southwesterly direc-
ton, through Morrison, Todd, Stearn
and Pope counties, Minnesota, to the
town of Morris, in Stevens County, a
ersed by this line is well settled and ono
of the most fertile portions of the State:
''5. 70 complete the construction of
Hills branch of the Northern Pacific, ex-
Northern Pacific main line, to the town
Of Fergus Falls, from the last named
place to Breckenridge, ON the Red river,
ern Dakota. This line also runs through
a well-settled and rich oountry.
&c. To build the line of the James
town & Northern Railroad Company.
extending from jamestown, ON the main
line of the Northern Pacific, 81 miles
west of FARGO. in a nOrtherlv direction.
for distance Of 80 miles uD the James
River Valley. equal in fertility to the
Red River VALLEY. No part of Dakota
has attracted immiQration more largely
than this valley, and hundreds of new
farms have been opened durino the
preeent eeason.
~. To construct the line of the Co
lumbia & Palouse Railway Company. ex-
tendino from q point on the Pend a..
Oreille Division Of the main line of the
Northern Pacific. about IS miles north
vest OF the Confluence of the snake and
CoIumbia rivers, in an almost due east
erlv direcki0n 10 thu beautiful and we'll
ssttlsd nortions of Eastern Waahin0ton
Territorv. knovn as Palouse country.
The line viii ultimately be about lIO
miles in length, but only Is miles are
intendell In ~ oonstruotod this vear. in
Order 10 Afford An outlet for q very large