The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1893-03-02
!. i SAYS NOT THIS YEAR.
An 0hlcia! Statement From Presi-
dent James J. Hill.
The St. Louis Affairs Still Remain
Seriously Mixed.

The Great Northern branch, at the
present time terminating at Hutchin-
son, will not be extended this year.
The GAZETTE makes this statement as
coming direct from James J. Hill.
1t was while in St. Paul last Friday
that H. A. Baldwin and the editor of
this paper. conceived the idea of as
certaining just what Mr.. Hill proposed
to do, if anything, with the Hutchin-
son branch this year. A meeting with
the great magnate was arranged for,
and IN the meantime F.. F. Golf, of
Walnut Grove, and E. Bedal and C.
l.. Webber, of Minneapolis, formerly
OF Walnut, joined the party. &C.
Whitney, of Marshall, was to have
represented his town, but did
not show up.
Mr.. Hill received the committee in
an unusual polite manner, and the
first question put to him was whether
he proposed to extend the Hutchinson
branch during the present year. His
answer was promptly in the negative.
The panical condition of the money
market. and our new Pacific coast
branches" said the great magnate,
''are such as to prevent us from con-
structing two miles of railroad this
year, and those merely in side tracks.
etc. The Hutchinson extension has
had some consideration by our COM
pany, but for the present the project
has been dropped. In 1894, if the
coming season brings forth such pro-
ducts and prices as to Danish the
gloomy and depressed feeling now
universal in the United States we will
probably again take up the Hutchin-
son extension matter, and will then
be glad to receive a committee of
Redwood Falls citizens
j Mr.. Hill, l,during the course of con-
yersation on progress and retrogres-
sion, stated that every poor harvest,
and every drop in the wheat market
of the world, was a blow at the rail
road interests of the great wheat
growing districts. He would like to
see, he said. wheat 81 or more per
bushel. 1t would create better feel
ing all over the country and the great
business of year ago would be re-
vived. "Why, gentlemen, I have lived
in this country since 1857, and since
that time, and you older men will
bear me out, haye not seen such a
depressed condition of things as at
the present time," said Mr.. Hill.
The Great Northern President is a
genuine gold man, and expresses him.
self forcibly on his position. Pulling
. silver dollar out of his pocket, he
said:
"The Great Northern Railroad Co.
is compelled to pay its bonds, or the
; interest on those bonds. held by for
eign capitalists, in gold, dollar for dol
lar, while in return, those capitalists
, will give us one of these pieces (shak-
ing the silver dollar, worth only Sc
cents, and we are obliged to accept ii
for one hundred cents. The effect OF
, this is to drive our gold into foreign
land, and to-day, for this reason, ou1
general government is passing through
crisis, which may, ere two weeks fly
away, shake the globe from turret to
foundation stone. The people do not
seem to know how much this effects
a railroad company with an extensive
system, but any such crisis may
result in perpetual strangulation.''
t Mr.. Hill entertained the callers fol
nearly an hour, and when the latter
left it was with an impression that il
the Hutchinson division was extended