The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1889-03-28
CHICAGO TO TBE COAST.
The Northern Pacific WIFI Lease
the Wisconsin Central
5'-@..&. Lines. x
sn1ssss=t-5, :V"-s
a Deai Which Will Add 700 Niles to
the Northern Pacific and Give 1t
aChiC&go Outlet.
The T.e"Se WV BE Formally Approved
III 4 .-eeiing II the Directors
on Wednesday.

PHILADELPHIA, March GA reporter
o. The inquirer learned from q we'll
kn WI railroad man that the Northern
Pacific Railroad company had at last Sc
cured control Of the Wisconsin Central
railroad, and through it entrance to Chi
cago. The directors of the company vii
hold a Especial meeting in New York on
Wednesday to formally approve the
lease. but it will be purely formal
matter, as the directors are a unit on the
question, and the company is already in
practical control of the Wisconsin Cen.
trails lines. The Inquirer will give the
following details of the lease: &c. G.
" heeler, formerly general manager of
the Atchison, Topeka and Santa Fe rail-
road, has spent three months in an ex-
animation of the property, connections
and accounts of the Wisconsin Cen
trail company, and has made an
exhaustive report which will be
submitted to the Northern Pa
cifc directors Wednesday. In it he
recites the reasons why the acquisition
of the Wisconsin Central road will be an
advantage to the Northern Pacific COM
pany. The Chicago, Burlington and
Quincy, the Northwestern and other
lines entering at Chicago. are
reaching out westward for traffic, and
will. in his opinion, ultimately reach the
Pacific coast and become transconti-
mental lines The Canadian Pacific has
a Chicago outlet, and SO have all the Pa
citic coast lines. If the Northern Pacific
is to maintain its position it must have
equal facilities, and Mr.. Wheeler sees no
other line but the Wisconsin Central
that can afford the Northern Pacific its
needed outlet. The road, he says, is in
first class condition. 1t possesses good
terminals, has a growing local trade, and
is self-supportlng.
The lease is foI d comparatively short
time. either for thirty-three or ninety
4llne years. The period has not been
determined yet. 1t is an operating lease
that is, the Northern Pacific is to oper-
ate the road and pay as rental 30 per
cent OF the gross receipts. President
Cakes. after studying the detailed re-
ports presented by Mr.. Wheeler, believes
the Northern Pacific can make a profit
on the lease independently of the adj
vantage accruing to the company from
the possession Of through line. OF
course, all the Northern Pacifcs
Chicago business will be thrown
upon the Wisconsin Central's
lines instead of being divided up between
all the roads running between Chicago
and ST. Paul. The lease adds to the
Northern Pacific system T61 miles of
road, including 344 miles of the Wiscon
sin Central railroad, 1Si miles of leased
lines and 236 Of affiliated roads. With
1t also comes the possession of extensive
terminal facilities at Chicago formerly
owned 10y the Chicago and Great Wes-
tern railroad. which are constantly in
crcasing IN value, rs well as the very
VALUABLE Terminals at milwaukee, The
Northern Pacific executive committee,
TO which the lease was referred, has
studied most carefully MIR. NFhecier's
report, and will report upon it favoraD!y,
and the opinion Of the other HeIADyr5
OF the hoard has already been expressed
in Favor of the measure"