St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-10-09
VOTING FOR WILLARD.
A Flattering Testimonial by the Cham
Der of Commerce.
POSING AS A PROPHET.
Continued Prosperity Of the Northwest
Predicted by the Wellington Of the
Financial World.

| that the audiences before WnOm MT.
Willard had appeared in st. Paul had
not been larger. The chamber of COM
merce, however, represented the whole
city, and in that capacity had invited
Mr.. Willard to visit them. IN the his
tory of the world, when great generals
came home from successful campaigns,
bringing with them prisoners, con-
quered territories and additional power,
| they had been hOnOred. In these times
of peace the world recognized the
grea generalSin the domain of finance,
and one of the most distinguished of
these was with the chamber of COM
merce. Mr.. Smalley then spoke of Mr..
| Willard as a man who had invested $780,
| 100000 for the benefit of st. Paul, and
was ready to eXpend another sum of the
same amount. Mr.. Willard had always
! predicted the greatness of the North
! west, and through all his misfOrtuneS
he had held firmly to this idea. At the
| conclusion of Mr.. Smalley'S remarks,
Mr.. Willard rose to reply, and was
greeted with enthusiastic applause.
Mr.. Willard spoke very slowly and
| deliberately, as though he were weighing
and measuring his words with a great
deal of care. He began by saying that
it was a great source of satisfaction to
meet so many of the business men of
| st. Paul. Il will repeat one remark
! that 1 made at the banquet given to Mr..
Cakes few evenings since" he cOntln-
ued, land that is, that | feel under very
great obligations to this great and in
fluential community. Since my arrival
in your midst have been largely Occu-
pied in receiving kindness and return
ing thanks for the same. My thanks
will assume the shape Of something
more than words, for | shall. with all
| the energy possess, resume the work
| | was compelled
TO ABANDON FIVE YEARS AGO.
"That work is to do all can to aid in
! the development of the Northwest. By
the term Northwest | mean something
more than is generally suggested by
| that term. | include all the region
from st. Paul to the Pacific. Mr..
Smalley has spoken Of the amount of
money | had been instrumental in put
ting into this Northwestern country.
| He has underestimate the amount.
Between st. Paul and the Pacific coast
the amount of capital invested between
1879 and 1888 was about l50,000000,
and as much more will be invested here
after. Many of the citizens of st. Paul
will remember that on the opening eX-
OfCI b'lC -NOl II L lOlliO IOuo
a large number of foreigners were of
the party, including several from my
native town. While that excursion was
of great consequence, it cost con-
siderable money and brought upon
me many reproaches. L am
happy to say that the critics
who complained most violently have
been compelled to admit, and have ac-
knowledged to me personally, that the
excursion was one of the best cards
ever played. From that excursion the
means of my own personal resurrection
were derivCd-frOm Germany. | went
| abroad III 1884, and remained there over
| two years. labOred hard to establish
| the credit of the Northern Pacific, and
am gratified to be able to say that l sue
ceeded beyond on my greatest eXpecta-
| tiOns. | was greatly helped with the
| moneyed men of Germany by my per-
sOnal knowledge of the great North
west. A single illustration will show
| what | mean. The Deutsche bank
| offered S5.000,O00 third mortgage bonds
with the announcement that subScrip-
| tons would be received for three days. In
| less than two hours S4S, 0O0 600 had been
subscribed. 1t became important for
me to be exceedingly cautious, and l
made it a condition with my friends i'll
| llldb hOuld ilOb liiNNSO III
securities in which was not interested,
or over which had no control. This,
therefore, practically limits to the
| Northwest the use of the capital that
| SHALL HEREAFTER INVEST.
at was said at the banquet to Mr..
| Cakes few nights ago in st. Paul that
a large part of the prosperity of these
| two cities was due to the opening of the
| Northern Pacific road. This statement
was very gratifying to me, as felt that
| had done something toward paying off
| the obligations that owed to st. Paul
! and Minneapolis. Some persons have
asked me if, in my opinion, the North
west is to increase in the future as it
has in the past. | always answer in the
| affirmative. | believe that Montana will
be greater state than Colorado. Mon
tana at present has only 10000 pOpula-
| ton. Heretofore its mining industries
could not be developed for want of
| transportation, but the Northern Pacific
| has built eight branch lines into the
! territory, and the Manitoba has also eX-
! tended its lines into the same region, so
that large part of the territory now
has transportation facilities. Within
ten years Montana will be in advance of
| Colorado in population and production.
Washington territory and Eastern
| OIGSOn VIII dSlOlllSll pCOplC hlbu
their growth, and, in my opin-
ion, within twenty years there
will be more than 100000
people living in Washington territory,
| Colorado and Montana. No one can
tell the millions of minerals that are
buried in these localities. The asser-
ton that the growth of these two cities
here on the Mississippi will surpasS all
they have experienced in the past l
believe is fully justified, and hope you
may all live to see my predictions full
| filled.'
At the conclusion of Mr.. Wizards re-
marks, H. +. Stevens stated that he re-
gtetted that neither at the banquet
rendered TO Mr.. Cakes nor on this occa-
sion had there been an opportunity for
all the people of St.Paul-not alone the
leaders of its financial and mercantile
affairs, but those who were employed in
its stores and offices, in factories and
by firesides, artisans and working men
and wOmen-to signify to Mr.. Willard
the depth and extent of the regard they
felt for him. The people of st. Paul
were noted for their
FIDELITY TO ITS INTERESTS
and the unanimity with which they
support them, and they realized to the
| fullest extent how important factor in
the city'S progress their distinguished
visitor had been. If he would go
through the streets he would find that
from the mansion of the merchant
prince to the cottage of the humblest
iabOrer the doors swing inward, and
that the name of Henry Willard is a
household word. 1t was the prOudest
day in the city's history when its people
assembled in gala attire to welcome Mr..
Willard and his distinguished guests
five years ago. Since that time the
clouds of misfortune had darkened his
| pathway and men went with downcast
heads and heavy hearts. At last the
clouds have lifted. The Waterloo had
| come and Willard was its Wellington.