St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-11-04
IN GOOD CONDITION.
Northern Pacific in Good Repair and the
Treasury Showing a Handsome
Cash Balance.
Rumors Now Current That the Company
Will Complete the Cascade Branch
Before Long.
The Illinois Central Refuses to Ac-
cept Double Deck Cars on Car
mans Request.
improvements Being Made by the
Northern Pacific at DULUTH
General Notes.
Rumors About the Cascade Branch

RunlOrs About the Cascade Branch.
Charles B. Wright, ex-president and
one of the heaviest stockholders in the
Northern Pacific road, arrived in st. Paul
yesterday from Philadelphia. he is ac-
cOmpanied by his son, Charles b. Wright,
Jr, and it was their intention to go west to
the Pacific coast, but something has turned
up and it is not yet known whether they
will proceed any further than st. Paul.
The arrival of Mr.. Wright yesterday was
the foundation of many rumors, which
were credited by many railroad
Mr.. Wright was On his way
to the Pacific coast to make critical exam
ination of the Cascade branch with view
to hurrying on its completion. Together
with the fact that twenty-five miles on the
Western division have just been completed,
and that Chief Engineer Anderson Of the
Northern Pacific and three government en-
gineers have just gone out to inspect it to
report it to the government for acceptance,
makes the rumorS quite credible. Mr..
Wright is interested in the completion of
the Cascade branch more than any individ-
ual connected with the Northern Pacific
company He owns an immense amount
of land in the vicinity Of Tacoma, which, if
the line We're opened would enhance its
value greatly. 1t is said that it was the in
tention of Mr.. Wright to look over the line
and the place where it would cross the Cas-
cade mountains in company with Chief
Engineer Anderson. and that he
would make a report to the directors of the
Northern Pacific company at meeting to
be called in New York. u is almost GER
tainty that work will be resumed on this
branch next spring and prosecuted with
more vigor than it has been in the past.
The treasury of the Northern Pacific COM
pany is reported to show a handsome cash
balance, far in advance of all present needs,
either for accounts payable or for a proper
tionate sum of accrued interest or other
fixed charges. There are good many rea-
sons for surprising that the intrinsic value
of the Northern Pacific has largely increased.
The great reduction that has been shown
in the operating expenses OF the road
demonstrates that the physical condition OF
the line must be in hrst-claSS order, and
good judges report that the company's ser
vice is perfect in every particular. Ii it
were otherwise it would be in need of addi-
tional repairs, and consequent increase of
operating charges. This condition OF
affairs is used as an argument that the
NOflneTn racine Will never Ue LII any UetloT
condition for finishing the work on
the Cascade branch. and all connected
with the road appear to realize
this fact. The earnings of the road
which for some time past have been at a
minimum are now rising to something like
what they should be. The report of the
earnings for the month of October. which
was received yesterday, is as follows:
no4o+or 1cos c1 s01 col
October, 1885,. 1,461, 511
Increase s60,37O
The gross earnings do not show an ex-
traordinary increase but the net earnings
will, it is expected, surprise even the
officers of the company themselves.