St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-07-19
ST. PAUL NEWS.
NEWS OF THE RAIL.
Oregon Railway and Navigation Lines
Leased to the Northern
Pacific.
The st. Paul Road Shows Increased Earnings
This Month.
One Hundred and Fifty Teachers Going to
the Yellowstone.
Important Lease bu the Northern Pacific
Portland Oregonian, 14th.

Important Lease bU the Northern PdcVc.
Portland Oregonian 18th.
.sPlease let the public know through The Ore
qonian what truth, if any there is, in the rumor
that the Northern Pacific has secured a lease OF
the Oregon Railway g. Navigation company
transportation SYSTEM" asked a reporter of this
paper yesterday of Mr. Robert Harris, president
of the Northern Pacific railroad.
Settling himself back in one of the large arm
chairs in the Esmond parlor, where the reporter
had been received, Mr.. Harris remarked: sit
was this that caused me to come across the coun-
try little more hastily than had first intended.
The matter Of leasing the o. R. & n. road has
been under consideration for some time, such
step is approved by the directors of both COM
panies. 1t awaits now only the settlement OF de-
tails relative to the rental, ETC."
ssMay l ask upon what terms the lease is
made?'' asked the reporter.
substantially the same answered Mr.. Har-
ris. s.as was published some time since, viz.
payment of fixed charges; per cent. interest
the first year, z per cent the second and per
cent. thereafter. This is the basis around winch
we are negotiating"
'sWhen will negotiations probable be con-
cluded?'
vast amount Of property; nearly 700 miles Of
railroad, the steamship and steamboat lines,
docks, the interest in the Northern Pacific Ter
minal company, and minor properties. You see
they involve a vast amount of clerical work, and
nothing will be concluded that is not entirely
satisfactory to both roads. -
GLOW will this affect the building of the Cas-
cades branch?'
mot at all, 1t has always been the intention
Of the Northern Pacific to come to Portland and
to Puget Sound In 1880, with the great fnan-
cial load of constructing 800 miles of road to
complete the main line from the lakes to the
Columbia river, the company found it to be its
best interest to join with the o. r. 81 N, which
was building from Wallula to Portland. These
conditions not changed. The Cascades diyi-
sion will be built. The land grant will sustain it
during its infancy, until such time as the devel-
opmeut of the country through which 1t passes
will give it substantial support"
GLOW will the proposed lease affect the Oregon
Short Liner
mot at ALL The Union Pacific has traffic
contract for ten years with the o. r. d n. Co.
almost the same terms as that made with the
Northern Pacific in the fall of 1880. The only
difference is that the Northern Pacific's is in
perpetuity. For the next ten years the Union
Pacific will come into Portland ON precisely the
same basis as the Northern Pacific does now"
Chow soon, do you think, the formal transfer
of the o. r. 81 n. will be made to you?''
probably by the end Of August"
''For what term Of years"
sob, it will be marriage for veal or for woe.
Probably ninety nine years.
Mr.. Harris, asking the reporter to lay down his
note book, spoke in most enthusiastic terms of
the future of Oregon and Washington, compar-
ing them to Iowa, and Wisconsin, and Illinois as
they were thirty years ago. and expressing the
firm conviction that he would see the same dee
velopment here that he had seen there.
Mr.. Harris and party attended divine service
yesterday morning After luncheon the party
were driven out to the country house of Paul
Schulze, at Mountain View park where they
spent the afternoon. Later the party, joined by
Colonel Lanborn, of st. Paul, and several prom
inent Portlanders, dined at Mr.. Schulze's resi-
dence.
Mr.. Harris will remain here until Tuesday or
Wednesday, and then go to the Sound. He will
return to Portland early next week and spend
several days hereabouts before leaving for the
east.