Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-07-26
RAIL AND RIVER.

General Superintendent Stimson, of the
Duluth road, is back again.
Mr.. Dodge, of the Lake Shore road, has re-
turned from trip to Winnipeg.
Mr.. Hiland, general traffic manager of the
Omaha line, is On his way 10 New York.
Mr.. w. A. Kirkham, ticket agent of the
Manitoba railway, returned to Fargo yester-
day.
Mr.. ]. E. Jennings, travelling passenger
agent of the "Frisco' line, was met yester-
day.
Mr.. D. G. Meddeaugh, of the D., G. FL. g. w.
R. r., went through yesterday bound for
Winnipeg.
Mr.. Fl. Drysdale, travelling agent of the
Chicago & Alton railroad, arrived In st. Paul
yesterday morning.
An exchange says: The Pennsylvania Rail-
road company reports earnings of 81, 200, 900 in
June, which beats the record.
The pay car in charge of Paymaster R. W.
Clark, of the Omaha line, returned last night
from pay trip over the road to Omaha.
The Chicago, Milwaukee & st. Paul Railway
company have received and accepted the re-
signation OF General Freight Agent G. Odds.
Mr.. j. Charlton, general passenger agent of
the Chicago & Alton railway, passed through
the city yesterday en- route for the Red river
valley.
Mr.. j. G. Pond, ticket agent of the Northern
Pacific, has returned from an extended tour
around the lakes via New York, Philadelphia
and Washington city.
MIR. I. w. Teasdale, of the Omaha road,
went to LeMars yesterday TO meet big excur-
sion of land hunters that are coming up over
the Illinois Central railway bound for Sioux
Falls and Slayton.
Messrs. f. Hughes and c. J. Furlong, ma
tives OF County Cork, ireland, arrived in st.
Paul yesterday from Warren, Marshall county,
in the Red river valley, in which section they
own 1880 acres of land, $500 acres of
which has been broken and will be planted in
wheat and corn next season. They haye put
up buildings and have siXty-fiv bead of horses
and mules. They are bringing blooded stock
from Spain and England They have square
mile of ground fenced in for young horses
They have built numerous barns and machin.
cry houses, and they have done seven and a
half miles of dItching on their land recently.
They have put up 900 tons of hay and are
live men, having been but few months in
this country. They tell of another
live man, neighbor named A.
SeIihelm, who bought a half
section of land few years ago and sold it for
$50 an acre. They describe Warren as thirty.
ing place. 1t could not be otherwise with
! such examples as they themselves furnish of
| energy and enterprise concentrating about the
place. Mr.. Furlong is on his way to Europe,
where be will spread tidings of the news of
the unrivaled resources of the great Red river
valley and the northwest. Mr.. Hughes viii,
remain at Warren and push forward many
improvements.
On'the subject of the Northern Pacific mort
gage bonds the Chicago Times holds forth in
this way: AS has been heretofore reported,
Investigations have been concluded by the
Northern Pacific syndicate for the sale of
$4,000 of the general mortgage per cent.
bonds OF that company to two of the largest
banks in Germany, the representatives of
which recently visited this country and made
d thorough examination OF this road. The
sale introduces the securities of the Northern
Pacific company to the extensive markets OF
Germany under the most favorable auspices,
and will undoubtedly lead to other transac
tons of importance to this enterprise.
About $1,000,000 of these bonds have
also just been suld in this market, and nego-
tiations are pending for the balance of the
$4,000 in tonds acquired by the syndicate
N its Jaly option. When this balance is
lnsed out. the syndicate will have sold $25,-
900 of bonds, which, with the company IS
cash on hand, gives the company all the
money it can use for long time. While the
construction of the main line of the road is
pushing forward, the Oregon and Transcon-
tinental is building branches or feeders, for
which it has acquired ample funds by the re.
cent subscriptions to Its bonds, now selling in
the market at OK. Tue profits arising from
construction of these branches accrues to the
stockholders of the Oregon aud Trausconti-
mental company.