Jamestown weekly alert. [volume] (Jamestown, Stutsman County, D.T. [N.D.]) 1882-1925, 1893-10-05
ALEXANDER M'KENZlE
Selected as Receiver for N. P.
Branch Lines in North
Dakota,
Details of the Appointment.
Statistics Concerning
Earnings.
Home Of Fred Miller, Near
Eldridge, Burned to the
Ground.

Ground.
An important step was taken Monday
affecting the management of the North.
ern Pacific railroad company's affairs. It
was the appointment of receivers for the
branch lines of North Dakota, as we'll as
for all the other states through which
the road runs. The receivers named for
North Dakota by Judge Thomas of
Fargo, are Alexander Mckenzie of Bis
marck, and Henry Stanton of New York
city.
The leased or branch lines in this
state include mileage OF nearly
five hundred miles. They haye not
paid expenses and the interest charges
guaranteed under the leasing contract
with the Northern Pacific company, and
it is held that in justice to the owners of
the main line property the deficit of
these branches should not be made good
by them. Receivers were therefore asked
for and have been appointed to take
charge of the branch lines in the various
states.
These lines are, in North Dakota the
most numerous and important of any on
the system. The people of the state
whose interests are identical with those
OF the road, will be generally gratified to
hear that citizen OF the state bas been
chosen to take charge of the affairs of
these important roads.
Alexander Mckenzie has been closely
identified with the Development of North
Dakota since the road was first built
He has had practical experience in rail
road building and has himself worked in
charge of construction crew, and IN a
laborer's capacity on the very road over
whose most important interests he is now
in practical charge. It is high compll-
ment to any man to be placed by all par
ties in interest in control of property Of
such importance and which SO closely
affects the welfare, of great
community. Those who know
Mr.. McKenzie's business qualifications
all are aware of his own large personal
interests in the state,-will not hesitate
to pronounce his selection as receiver
the best that could possibly have been
made. He is thoroughly acquainted
with the necessities OF the pioneers, is a
pioneer among the settlers himself, and
his sympathies have always been with
the people where he has made his home
for many years. No man in the state
has done more to call attention of cap
ltalists to our resources than he. He
brought Dakota into sudden and world
wide notice by display Of products
at the New Orleans Exposition that
astonished all who saw it, and added
greatly to the fame of the state. 1t is
needless to say it is the same now as ever
with Alex. Mckenzie and that as far as
in his power lies he will hold the welfare
of the patrons of the road and the inter
ests Of the road itself in common. Out
side OF political opinions, all will at once
admit that the appointee is we'll qualified
for the duties of receiver, and it is be.
lieved that his selection will meet with
general approval. The following details
OF the appointment. from the Fargo press,
are OF interest:
Applications were made Monday in
the United States circuit court before
Judge Thomas at Fargo for the appoint.
ment OF receivers for seven of the nine
Northern Pacific branch lines in this
state, and Henry Stanton OF New York
City and Alexander Mckenzie OF Bis
marck were appointed receivers for
North Dakota.
The interest on the bonds issued by
most OF these branch line companies ma
tured Oct. 1st, and was not paid by the re-
ceivers OF the Northern Pacific railroad
company. All of these branch lines
have heretofore been operated by
the Northern Pacific railroad company
under traffic contracts or leases under
which the Northern Pacific company
guaranteed that the net earnings OF such
lines should be sufficient to pay their
operating expenses, taxes and fixed
charges.
The result OF the operation OF such
lines for the year ending June 80, 1873,
and the loss therefrom to the Northern
Pacific company was as follows:
FOR YEAR ENDING JUNE 30, 1888.
Fargo 4 Southwestern, gross earnings,
1925, "A; expenses and taxes, Sl49,-
4s2.22; fixed charges, s95,55o; deficit,
S19054.7S.
Nor. Pac. LaMoure e. Mo. River, gross
earnings, $l5, 1851; expenses and taxes,
$2l, 1852; fixed charges, Sl5,9OO; deficit.
S22, ,5O99l.