New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-09-15
MR. WIZARDS DEFENCE.
REVIEWING MS ADMINISTRATION
THE UNDERGRADUATES oF COST OF CoNsrnuc
Hon wHrnn AID WAS OBTAINED AND WHEhF

nrrusrD.
IN an address ~ tho stockholders NJ the Northern
Pacific Railroad Company. Henry Willard reviews
and defends his management Of The road during his
presidency. he attributes the einbaftasaheht7 w
whirh he was ~ lasi overwhelmed iu tho sfoai on
rrss pf ihn rna ~ hp main linr over tho estimates
~ tho engineers, in calls this tho disappointment
IT hia administration, Upon mY accession lp tho
presidency hn says ia the address, every agency
aud ever, Resource 40 mY command were at once
employed To- carry out, with tho utmost energy ahd
the least lusa of time, the general Programme III
pursuance ~ which / had sought aud OBJ
tanned controlling interest in the stock
Of the company" This programme was
ih substance TO complete the mann line
10 the Columbia River 10 secure tha
exclusive command Of the traffic of the holih
Pacific coast. to ensure the quick development OF
the territory tributary 10 the road, TO obtain Tor the
company the advantages OF independent lines l"
Minneapolis and 81. Paul, and to provide proper
terminal facilities al the Eastern rs wol as the
Western end of IN" new line. The address says;
Thcta.k imposed rpol mc uutlr m programme was
vg-, aud mos tiicut one. IL meant igr me load 81
responsibility care ana anxiety such a. bell IT,"
eu nave over rnr This country. II involved lhe
bul1iuc -ite oi 1000 mi, of rdrldd Vim
a Inc afp.rt nance carried ON simultaneously 10 Wis
cou-in Niu1cs A. Dakota Montana. oregon aud wash
II tated The o. not far from jO1joOD
There work npu.h Tor e'neriton; but, WIN me
AID my able and ia MINI assist m's. II was com
p~Lod nearly al tn less tnan four years.
now THE ESTIMATES WE'RE EXCEEDED.
After reviewing the work IN detail, the address
continues:
now come g. what termed the disa2pontment7 OF
nv aIm.ni..Iato ! ueci hardly say thai, fl using
the- words mad refe th' great excess Of the
o. the main inc over first ca Gu ions. the hnanc
creation ol 4 mort gaze. gro T ont of IT, aud the
consequent de1 IN tAr fu tmcn of Ia hopes OF stoc 4
I...I. f.rr fl.rff 4
10 most Of he adverse criticism upon my man
agrm"nt !, my du'y a. wen f- my rIsnt' 10 pace Oe
fore YOU an he fact bearing upon tn IN.
rcf submit Ell 10 he president of the COM
pany N the time an estimate OF the cost Of COM
sIf,nrzod r. bnid u"de~ it, charter According
TO- ms ae The tot Il coat o. I'm shing the main line
from the Yellowstone t0 tie Pc ID dDrcu - vision, an
estimated distance of 50 mir exclusive 81 tn Colu
a Il Yer ne ~ the -cade Brunch and Of TIE Wl-ron-
Division. would have been hut T2n1131UO In actual
money r Il ttlr over r2jOOD per mile. 1nc1mnre Ieu-i
the 10 700 OF the ac nal co t. 70 was ~ fhc time 90" only
the management OF %. company.
Wnen assumed the gre leucy Of M company, there
95 600 -l1r of moi stock aud further ore were
s11.0o'oon general frs mont 60 bonds 'tt issuanlc
.u,i.ccr- c-t mate rc..urccs seemed ample for a
constitution rqurrwc1t. Toe Illusions arising from
thc Hr.t,.. uit@ coYuuu mul called for ueV ono.
IN o. time after uy accession to On. presidency. The
chief engineer response g. nd. 10 fractions. submit 'd
~ no person u NrH-t rk on JHuuIy d.. l--- IT, fig
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