Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1884-11-02

6pmpsny. Like the Credit Moblissf OF
the Union ard Central PaclnAs 9 Pas
been q leech upon the vit2ls of the
Norfhern Pacific Railroad % slaughter
fuuooenf stockh0lders, the governmens
ana the people, ard Is vas owing % is
existence thai no foreign capitalists
VOID invest in il bonds or osrefol
Americans advance money for she enter
mise. This land company. through
frsud and corruptaou, have acquired for
the Arinr fownsite and water front
pyoperfv as different psInts on Puget
Sound avgrecatsng over 41,0 0 acres. IL
sns the intention 20 use she railro ID TO
boom this property, sell Is 70 all who
will purchase. and then move on TO the
NEXT place ard enact the same role Of
knavery over again. IL has ever been
their policy 20 treat this country as .
conquered smE ire. ignorins the rights
Of the settlers, avoiding all established
lines OF travel, settlements and COM
mercial centsrs. They have disregx fdsd
vested rights. scorned public sentiments,
made and repudiatei contracts at will.
sold to Iogzers permits tn log on govern
raent land not an acre OF which was
then owned or b ~ since been acquired
BY them, and all laws Of the coantry
treated with the silest contempt An
enterprise Thus controlled by ring
Of thieving sviDdiers. 30 much at vari-7
ance with the principles OF commerce
and finance rs to debar Il from the
uoney markets of the world, depending
for its resources solely upon the ore
dulity of persons Of limited means, IN
yslved the undertaking in bankruptcy
in the autumn of 1873. and ruined In
the crash the worid-famous banking
house of Jay Cooke d Co., and many
innocent bondhoiders, the victims of
his unprincipled Implicitly.
After casing through BANKRUPTCY,
the company was reorganszsd under
decree in chancery, the bondhoiders
surrsnderiEg their bonds and receiving
preferred stock in the reorgan1zed COM
pany at par for principal and interest:
This absorbed $42, COO coo OF the capital
stock, 5000, Geo were held in the treas
ury for the common benefit, and $49,-
| O00,uO0 retained by the original proprie
tors. The stock so ganero usiy ~ CON
coded to the bondhoiders cast them 500
per share in gold coin. The stock re-
tanned by the managers cost them origi-
naIly 10 cents a share, which sam was
doubled by their concessions to the
| bondholders. The debts of the railroad
company were entirely paid of by the
stock issue a to the bondholders, and the
managers had retained to themselves
| x49, 600 COO of stock and all interests in
/ the Tacoma Land Company, to which
/ the good of the railroad and the other
| stockholders have been constantly in
bondage, except during Mr.. Wizards
| management, which Was overthrow
through the intrigues and treachery of
the townsite ring.
| The above il trathful detailed Btate-
ment of the history of the Northern Pa
ciiie raiiroad for score of years past.
Ii is history taken from undisputed
sources. IL demonstrates that it was
incorporated in 1864 and given by Law
until 1866 in which to build the road.
In 1876 Congress extended its time for
building and completing the road two
more years. From February, 1868, to
February, 1879, its board held no meet
ing. In 1870 Congress enacted that
work must commence by July, 1870, and
that the entire road must be completed
by July 4, 1877. The road is not YET
flS84) complete by nearly 300 miles
aud during all this time it has kept a
strong lobby at Washington, begging
for more aid" 1t has stolen, through
Jay Cooke d Co., $30,000,000 of the
bondholders' money it is cow trying
to pilfer AZ 100000 acres of govern nent
land, the last slice being 64o01o acres
out of King county alone. Nor is the
colossal avaricieusness of this corporate
aristocracy yet satisfied. They want
everything. Listen to their doines since
last August--only ninety days.
They have invaded, and wherever il
was possible packed, the pr imary meet
ings in every voting precinct through
out the Territsry, and by detestabIe
means Of wire pulling and trickery
through the agency Of their paid ennis
saries, labored earnestly TO control
every County Convention. In precincts
where deception and knavery fail ID.
through the alert1ess of tn people, THEN
hirelings acquired by parcha4e, or othei
disreputable n cans. proxies to the Ter.
ritorial Convention. through caucus
machine rule and the basest of political
knavery. the satellites of the N. r. II. Il
succs eded in controlling the sncllled
Republican Territorial Convention
There we're, in that ASS. mblage, men oil
mature ard brilliant intellect, of un
tiinehing purpose, of unquestioned hon
esty, of ripened political experiences
These men were hopored delegates from
different parts of this Territory. They
were true Republicans, but they were q
minority. The rest of the Convention
were chat. The chat was a majority
The ehaf were composed of pertidious
tactioians and inposto 9, railroad off,
Gals, proxied lackcys, political bosses
chivs and chaws. The machine met
They made Miles G. Moore. of Walls
Walia, railroad man, temporary chair
man. Mr.. Moore, the railroad chair
man, appointed Ex-Governor Ferry, q
railroad attorney, Oh sirman of the Com
mittee ON Credentials. His most high
Excelleney Gerry bolted Republican
Convention a few years since, in Olym.
pia, because corrupt gang of bulldog
ing ringleaders could not browbeat al
the Republicans of Thurston county
This year he was candidate before {
King county primary for deiegateshi,
TO the County Convention, aHd on 40
count of his tarsished record as an un
principied political trickster, he failed
20 sneoeed. However, Geo. w. Tibbett,
was elected; and that the interest of the
N. r. Il. h. might have at least one vote
in King county. Mr.. Tbbetts sent hi.
proxy TO Captain Geo. d. Hill, a broth
er-it law of Mr.. Ferry. Cavalier HILL
Is now, and has been for tho past eight
years, County Treasurer of King county
a county that instructed its delegates &c
vote for uncompromising forfeiture, and
by delivering Iibbetts' proxy 10 a rail.
road attorney. who Is. and always has
been, anti-forfeiture, Captain Hill
most wilfully, treacherousiy, and know
ingly, insulted every forfeiture electoi
of this county.
the Chair appointed proxied, ex-
Governor Ferry, most pronounced
anti-forfeiture man and the paid atros-
ney of the Northern Pacific Railroad,
chairman OF the Committee on Creden.
siais, thus shamefuily and with brazen
effrontery ignoring the views of all for
FIXTURE delegates The Chair ordained
| railroad men TO the Committee ON Gre.
dentials. This Board of Credentials
issued certificates 10 proxisd railroad
riff ran I; they recognized the infamous
Holton delegation of Yakima county,
and disfrancsised Mr.. Mhitson and
his following-the duly elected deputies
of the Republicans of that county.
Mr.. Whitsun and his delegates we're
honestly elected TO speak the sentiments
of their county IN nominating Con-
cFeSstoual Daiaoafs taey wars mar, inf