Little Falls transcript. [volume] (Little Falls, Morrison County, Minn.) 1876-1894, 1885-06-26

inside of two years. The hole to he
drilled through the mountains will he
very nearly a mile fu length, and will
cost upwards of S750,0Q0. While on .thed
Pacific coast Mr.. Harris will SO over the
entire Cascade division. The hncomplet-
ed portion will be made by herse. From
Taconia the party will 60 down over tile
Pacific division of the Nor.hern Pacific
to Portland. Speakin of the eastern
points Of his company, Mr.
Harris said it was not the intention Of
the company to in any way transfer any
of its terminal business from st. Paul
asad .Misueapolis to Ashland. Of course,
he said, some through traffic viii! go that
way, bal not in sufficient quantities 10
cause ANY decrease in the amount of
business handled at the eastern terri mi
proper No arrangements have been
made, nor will there be, with the
Wisconsin, Central foy throv1gh train
service or course close connections
will be ultimately made, bu. that will Ii:
all. The route via st. Paul and Mime. 4
apolis is much shorter and more direct
than that via Ashland. Mr.. Harris has
great hopes Of the new tewn of Superior
as a lake port. 1t, he. says, has
advantages which are fully eqsaal to taose
of Duluth. With the Northern Pacific
bridge connecting the two towns ia
operation, Mr.. Harris thinks the in!er-
ests Of beth places will be greatly ad-
vanced, The Northern Pacific has
alre&ay built its elevators at Superior:
The railroad company will build no
extensive docks there for the shipment Of
grain and stock East frora that port.
There is Superior Land and Improve
ment company which was organized for
that purpose. MI. Harris thinks Duluth
and Superior will soon be allied as are
st. Paul and Minneapolis. Regarding
the Northern Pacific terminal property
in St. Paul, Mr.. Harris emph atically
denied the report published short time
ago. that it had been sold to the St. Paul
Il Northern Pacific company for
S2,00O,0o0. Negotiations for the sale are
pending, but have not been consummated,
because of an inability to agree upon
price. Mr.. Harris, as president Of the
st. Paul & Northern Pacific, is naturally
much interested in the progress Of the
construction work On the company s new
nter-urban line. lie win today make an
inspection trip over the new line, and
also visit the Como property, to see how
work has advanced there, preparatory 10
the building of the car shops He is
much pleased with the location of the
shops, and thnks their erection will do
much toward building up the place as an
ter-ushan village,
Mr.. harris is apparently but little;
worried by the falling off in the Northern
Pacific's earnings during the past few
months. Though the decrease in the
gross earnings has been very marked, the
net decrease has not been very large, and
not as much SO as reported by other
Northwestern companies, This is due
to the fact that the decrease in operating
expenses has been as proportionately
great as has been the failing of. in gross
earnings. No matter now great the
decrease may become, Mr.. Harris has no
doubt but that the Northern Pacific com.
pany will at all times be able to earn a
sufficient sum to n1ect the interest on the
company's bonded indebtedness, in
addition TO providing for the operating
expenses and maintenance of way The
July coupons fall due on the Goth prox.
Provision for them has already been
made, and the company has now in bank
the money foa that purpose. Since the
LIST OF May the earnings have been con-
stantly Increasing, and Mr. Harris looks
forward to a continued increase both in
the i'm mnedate and distant future The
cause of the great decrease reported
during March,. April and May was a
depression Of business. This depression,
Mr.. Harris said, was not confined 10 the
Northwest alone, but was general
throughout the country. Business has
been dull everywhere, but Mr. Harris
is of the opinion that q change has
already set IN, and that traffic Of all
descriptions will gradually grow larger,
u,til it once more assumes its legitimate
proportions. He looks fo, ward to big
wheat crop slong the Northern Pacific,
and thinks farmers, because of the short
age in the winter wheat crop, will receive
q good price for their grain when har-
vested and ready for market The land
sales made by the company have been
very gratifying, and during the past two
or three months have been much larger
than was expected. Mr. Harris expects.
no trouble from congress regarding the
company's grant. MIR. Harris will go.
West on this afternoen $ train, and before
returning will visit Portland, Puget
Sound points and probably 60 UP. into.
Alaska. This is his annual inspection
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