The sun. [volume] (New York [N.Y.]) 1833-1916, 1884-10-05
,BUSTNkss OUr WEST.

Dsrvm, Co.. Sept. f5-lt IL an unbeatable
fact that dulness IN business prevails in the
reRion west Of the Missouri River ~ VOL ~ east
Of II, but II IL evident avon 70 traveller that the
depression Is not 80 great.
Omaha has come to be . great railroad
centre. The Chicago. Milwaukee and St. Paul.
the Chicago and Northwestern. the Chicago.
Rock Island -pd Pacific. the Chicago. Bur-
lington and Quincy. tho Wabash. the Mis-
souri, Pacific. and tho Union Pacific oil meet
at that place. II Is lighted with electricity. 70
growing rapidly. and now claims 90 900 people.
though the actual population Ia perhaps
not OVER 20 900. The Nebraska State fair IL nov
In progress there and the hotels arc crowded
with guests. The city stretches out over .
wide extent OF hill country. and 10 Laid out With
broad streets. some OF which are we'll paved.
Grading is going on rapidly. hills are being
cut through. and money 10 sDent like water to
put the streets into good order. Fear Ii ex-
pressed that this work Is pushed moro rapidly
than necessary. and thai tho city will be bank
rupted BY II.
Omaha IL also . central point IN the rsil.
road systsm wsst Of the Missouri. and 10
connected with all points on ths plaias md
In the Rocky Moantains by tho Union Pa
oiac and Burlington and Missouri nvor
Railroad In Nebraska. 1t y headquarters
OF the operating departments Of the Union
Pacific. and 10 at present somewhat excited
over the recent change OF management Of that
road. 30 Tar a. the writer could Judge. how
ever. the change is judicious. Tho old man
ayers and many Of the subordi aaSes had been
on the road % long thst they had grown
arbitrary and extravaguat and seemed to re-
gard the road as belonging b Themselves IN
stsad Of to the ockhoders.
Mr. Galloway. the new Second Woe President
md ay.ul mn fokl haL Isxaa
" but firmly. and will doubtless restore tho
road to its former prestige and prosperity. His
first and greatest care is to establish and
maintain pence with oil rivals and connoc-
lions. and. this done. there seems TO DO bat
little doubt that the Union Pacific and CON-
trolied lines will earn enough Ret for tho CAL
endar year OF 1884 to pay working expenses.
fixed charges. sinking funds. Government re-
quirenients. and seven per cent. on the stock
" course. no further dividends can be
paid TIL the floating debt. which is about
$4,000 900. has boon discharged. but with
tho s3.O0o,OOO which will remain from
the years business after dsducting the
quarterly dividend already pSid. the floating
debt will be brought down 70 81. 0e00O by Feb
ruary. without the sale Of securities. and can
be easily carried. The net earnings for July
we're about 100000 better than for the same
month last year those for August and Sep
tember will be relatively much better. II the
Western trunk line managers shall have the
good sense 70 pool ccmpetinH business. md
mass aad aba fa snd vS rAs it
this region will make MP = great part Of their
Last years Losses, II they cannot adopt, y
stockholders should turn them out and put
men in their places who will.
9 rHsa he
Ssts and barley E. While they nr p selling AZ
home vpr hsSFa ~ V irrt.
cation; the altitude Il too high and the nights
are too cold for LILLIAN corn but everything
state. AZ of the entire Rocky Mountain region.
is mining and. after extended travels. I am
a more Satisfactory basis than it is now. The
smelling and refining companies have never
"ads% this r y .nd s ass s ssss
handling ihd since since. sErllng IL is true that
tains aud the Hoods re- ult ny thersfr cut on
| communication with the higher attitudes and
more remote districts during the winter. and
| Ia those regions. 1t Is also true that the boom
in prospecting and mine so ling has come to an
end. but the legitimate business Of mining and
| ton. The superintendent Of the Arso. Works
at Danver told me- that the ores handled by his
company had never before run so rich as they
| are nov running. and this h- accounts for on the
The cattis business. which must always be
| the principal interest of the arid plains lying
to the great riSsrs is sti hourishins ' Tie Tie
| cattle have never been fatter or in better con-
dition than they are now. and this is said to be
| due to the unusual downfall OF snow and rain
| OF the last season. All the leading ca tie incl
| are adding to their herds. and many Of them
are borrowing money for that purpose ut Il
Der cent. per Rnnun. In connection with this
subject 1t is worthy OF remark that it ia claimed
| that no banker at this place ever loaf
| dollar by lending money to cattlemen. This
city IS fast Incoming the centre Of the cattle in
| terast for the entire plains from Mexico to
! British America, and the custom here is to lend
| cattlemen what money they require on simple
| notes OF hand without endorsement or seour-
| ty. 1t ia said. however. that there have basn
| more cattle sold twice over on the plains than
can be found. and that tho custom OF selling by
| the tally book instead Of by count gives oppOr-
| tunity for error which has been not unfre-
| puently taken advantage of by old cattlemen in
selling out to new corners.
| One OF the most interesting features OF tho
| development of Colorado has been the con-
struction Of irrigation bitches. not only hy tho
combination OF farmers. but by the intro uction
| of foreign capital. Some OF those works have
| cost over half million dollars each. Nearly
| all the available water has been used in some
| parts OF the State. Production from irrigated
| lands Ia already in excess OF local demand. but
| us the State grows. the works already con-
structsd will be fully utilized at great profit 10
| both the Stockholders and the landownsrs and
now works will be constructed at still greater
| expense. Already more has been done in his
| direction In Colorado. within leas than twenty
| years. Khan has bsen done in Mexico snca ita
| discovery. But one can't help wishing that this
glorious region wac more beautifully supplied
with water by rain aud snow than It IL. for even
at best. irrigation Is not only costly. but limited
L q IL