St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-06-26
Helena, the Commercial and Political
Csnter of the Richest Territor,
on the Continent.
Shrewd St. Paul Capitalists Investing in
Mines and Building Railroads
Into the Territory.
The Northern Pacific Preparing to
Parallel q Branch of the
Montana Central.
English Capital Being Put Into the
Mines--HeIena's Banks a FL
nancial Marvel.
cuisines. at Helena.


who are willing to work and rustic for it.
The banks are full OF it, and are liberal in
their loans to men who want to use it in
legitimate business. Thus it is that there
is an abundance of money in circulation.
And thus it is that business is brisk and
times are easy in this thrifty capital of the
mountain territory. OF course the resources
of the country tributary to Helena, is
the basis for all of these blessings.
Were it not for these resources. this condi-
ton of progressive development could not
exist, and such silrewd St. Paul capitalists
as j. J. Hill, Dennis Ryan and a. II.
Wilder would not invest in the mines here
or build railroads into this field. History
doesn't record where these men have made
any other than a sure investment. This
combination. which our estimable fellow
citizen. Col. Broadwater, is to be credited
with forming. is doing much for the devel
opment of this city and territory in the way
of railroad building and working mining
leads.
THE RAILROAD SITUATION.
The latest phase of the railroad situation
is a singular one and the outcome of it OF
doubtful conclusion. The Montana Cen
trail, which is to be part of the Manitoba
east and west system, was duly chartered,
and under the executive control of Col.
BrOadwater immediately began business
by locating its line from Helena
to Remini. at the base of Red mountain,
twenty-eight miles west of this city, where
are located the mines of the st. Paul syn
dictate, and following this movement fast
and furious with active work Oh the grade,
which is now nearly completed, and the
bridge building will be finished In a few
weeks. The ties are being sawed and the
track will be ready for the rails before the
SHOW flies i'll the foot hills this fall. In the
meantime the Central has located its line
from Helena 10 the Great Falls of the Mis-
souri,, where the ST. Paul syndicate owns
everything in sight, and the good work of
grading is being pushed by some roo men
and will be ready for the rails before they
can be received. And right here is where
the Central company finds the conditions
binding.
THE RESULT OF RAILWAY RIVALRY.
The Northern Pacific. regarding the
movements Of the Central as part of an
elaborate system on the part of
the Manitoba of invading its terri
tory, applied the cinch to them
III the way of S37 per ton tariff rate on
rails over its lines. This created commo-
ton in the Central camp and the relations
between these great rivals are now some
what strained, to use a diplomatic phrase.
While holding this club over the Central,
the Northern Pacific people organized
company who will file articles of associa-
ton this week, and proceed at once to par
allel the Remini branch of the Central. The
money is now i'll hand, the line surveyed
Ionc cjDon aD1 work will oOm,uonoa oor!y
in the week. s. T. Hauser, E. L. Bonner.
TIC. Power, WE. Sanders and W. G. Cullen
are the promoters of this scheme. The
contracts will provide that the work must
be done and trains running in ninety days
from the time ground is broken, and this
certainly will be carried out. The Central
people are reticent as to what they are
going to do about it, but it is under
stood that they will hold their grade until
next fall; when they will reach Helena
with their tracll-laying corps from the East
The rails can then come over their own
lines.
TWO THEORIES ARE HELD HERE.
One is that the Central rails will come over
the Manitoba, which is being extended west
from Devils Lake to Fort Buford to con-
nection with the Missouri river. The other
is that the rails will come over the tracks
Of the Montana Northern, company re-
Gently organized in the inter est of this com
binatiOn, to connect the new system with
the Canadian Pacific at Maple Creek, the
Northern building TO the border and the
Canadian Pacific south from their line to
q connection Herewith above Fort
Assniboine; and the theory is entertained
here that the Canadian Pacific is party to
the Manitoba-MontanaC Central combination,
with some backing from the Burlington
which is known TO sustain close relations
with the Manitoba through exchange of
stock and by virtue of an identity of interest
These are foemen worthy of the best steel
of the Northern Pacific. But the Northern
Pacific have the drop to-day on the whole
outfit and having been aroused to the fact
that their interests are imperiled are
ARE TAKING THE AGGRESSIVE
in earnest. They will not only rush the
Remini branch through in three months, but
take other measures to protect their
territory. Their surveyors are now in
the field beyond the Wickes branch, looking
up a line in the direction of Butte. The
whole line of the survey is lined with rich
and productive mines of both gold and
silver, the belts of these precious metals al
temating. The grades are forbldding and
require time to be overcome by engineering
skill thus rendering the reaching of Red
Mountain by that route this year impos-
sible. And this is how it happens that the
Northern Pacific people are paralleling the
Central up Ten Mile creek to Remin. The
Wickes branch of the Northern Pacific will
be built next year beyond doubt That
eventually it will be extended through the
Boulder and other rich mining dis
tricts to Butte is beyond ques-
ton. In the meantime by
Aug. 1, the Northern Pacific trains will be
running into Butte over the third rail. now
being laid over the Utah & Northern mar
row gauge branch of the Union Pacific svs-
tenn. But the Union Pacific trains will not
come into Helena. This could not be done
without laying third rail from Garrison to
Helena.
MINING MATTERS.
This district in the early days of Last
Chance and other great gulches, poured
fourth its millions of gold dust
to swell the volume of the worlds
production OF the precious metals.
Much of this wealth found investment here
in other business. and Helena became a
supply point for other camps. until finally
mining became recognized as great indus
and the era of quartz mining began. and
since then has been potent factor in build
ing up the city. The Drum Lummon and
other great strikes attracted English and
other outside capital, which added to the
great wealth of the city and is resulting in
great mining boom. 1t is safe to say, and
development will show it, that there is
tributary to Helena to-day, within radius
OF fifty miles, the richest mining
district in the world. There are
hundred, more than a hundred
fine mines and prospects in sight of the
city and the new railway will bring many
of the biggest camps of the territory within
easy access of the capital, which is to-day
recognized as the financial, commercial, So