St. Paul daily globe., 1885-08-20
JAY COOKE IN DULUTH.
The Protector Of the Northern Pacific at
the Zenith City of the Un-
salted Seas.
The Crop Prospects of the Northwest
Gradually Assuming More Fa-
vorable Aspect.
Cheerful Chat About Wheat and
Politics from Fergus FalIs--
Hallway Episode.
News From Various Points Of the
Northwest Cleaned by Globe
Correspondents.
After MANY Ycnrs.

DULUTH, Aug. 19.-'rhe arrival of jay
Cooke in Duluth is an event. The city
rose up en- masse to receive him. lie was
always a favorite in this city When he
hOated the bonds that built the Northern
Pacific road he began to take interest iii its
lake terminus, and during the year or two
preceding the panic of 1873 he was the
hrmest friend Duluth had. When it was
known, therefore that after Twelve years he
was about to visit the city ali the ola
citizens and all the new ones who knew
OF his interest in the city, called upon and
received him with more than formal re-
ceptiOR. lie was welcomed with the cor
diality of an old citizen. and Duluth would
gladly give Jay Cooke the freedom OF the
city ii such a practice was common ID the
country. This morning he was received IN
the board OF trade with something like
an ovation, and when President
Forbes presented him there was a
Forbes is still young man
and when Cooke, in 1878, was thinking of
big city at the head Of Lake Superior was
in the book business i'll Duluth. Duluth
then consisted Of few houses and a few
Inhabitants, but with many hopes. The
panic of 70 knocked Cooke out Of the fnan-
rial world, and sent Duluth higher than
'GildeTOy's kite" but as young Mr. Forbes
received the veteran fnancier to-day, Old
citizens could not help but remark that the
dreams Of the young man, and the
prophecies of the old one were on the way
to be realized. No better proof Of il could
be found than that Forbes, the bookseller
of ten years ago. was low the president OF a
board of trade where transactions run into
the hundreds of millions.
COOKIES ADDRESS.
Mr.. Cooke addressed the board He spoke
OF the time when the Northern Pacific road
was started: when its bonds went begging,
and finally the house of which
he was the head took hold of It's financial
affairs. He alluded 10 his own trip over
the country, where only Indian guides di-
Tected his path, and the vast prairie known
as the Great American Desert stretched
from Lake Superior to the Bad Lands. He
spoke Of his confidence in the growth of a
great city at the head Of Lake Superior,
and pointed to the progress Duluth had
made within the past twelve
years as evidence that his confidence
had not been misplaced. He said that he
believed as firmly now as he had years ago
that the greatest city i'll the Northwest
would be at Duluth and he was proud to
think that his faith was becoming fact.
THE ST. LOUIS RIVER WATER POWER.
Mr.. Cooke is president Of company that
controls the water power on both sides OF
the ST. Louis river, fourteen miles south of
Duluth. This water power is equal
to that Of Lowell. Mass, and
the company intend starting -four mills at
Thompson. one mile west of Northern
Pacific Junction. While Mr.. Cookies visit has
been one mostly of pleasure and recreation.
it is understood here that it has come con-
nectiOn with the utilization Of this water
power, and the GLOBE correspondent is in
position to say that flour mills viii soon
be built near Thompson and that the power
will he ufiliInI