The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1901-12-26

yvc, crearIon was Simply TO enable those
who hold it's stock to continue their respective
interests in association together and to pre-
vent such interests from being scattered by
death or otherwise; to provide against such
attacks as had been made upon the Northern
Pacific by a rival and competing interest
whose main investment was hundreds Of
| miles from the Northwest and whose
only object in buying control of the
Northern Pacific was to benefit their southern
properties by restraining the growth of the
country between Lake Superior and Puget
Sound, and by turning away from the Northern
lines the
Enormous Oriental Traffic
which must follow the placing on the Pacific
ocean Of the largest ships in the world.
The foregoing is a brief and absolutely cor
rect statement Of the whole subject and its
truth can easily be verified by the State of
Minnesota or any other state or person having
sufficient interest to investigate the facts,
which all matters Of record. 80
Now to the effect of what has been done
upon the public interests Of the country let me
ask few question which want every candid
and honest man to answer for himself:
Did the Union Pacific people with their rail-
way lines extending from Omaha and New Or
leans to California and Oregon, through the
several states in the Middle West and South,
purchase a majority of the stock Of the North
ern Pacific company for the purpose Of aiding
that company and increasing the growth and
prosperity of the Northern country, was Il
for the purpose Of restricting such growth and
aiding the development Of their enormous in
terests hundreds of miles to the south?
Did they purchase the Northern Pacific, and
with 1t an equal share in the Burlington, for
the purpose Of building up the Asiatic trade
between the northern zone, lying between st.
Paul and Minneapolis and the Paclnc eo~0,,
or to
Prevent Such Building Up
and control the Oriental trade for their own
railway lines through their own seaports an Ii
over their ownships?
In defeating their control of the Northern Pa
cfc and Burlington and retaining it in tie
hands OF those who had built it up and with
it the entire Northwest. did we injure or bene-
fit the people of the Northwest?
Did I, by inducing my friends to hold t"o'r
Northern Pacific common stock and act jointly
with Messrs. Morgan & Co. when this st,>k
selling at $500 and 81, 900 share and thus
prevent the Union Pacific from controlling the
Northwest, injure or benefit every interest. az
riCultural, business and otherwise of the on.ira
country between Lake Superior and the Pacific
coast?
cifc, even at $500 share, amounting to So
100000, or $40 10000 more than it's present
value and trans ferred to the Union Pace
control the entire country between Canada ami
Mexico, what71aw of Minnesota would we have
violated? Could We not have legally put he
money in our pockets and let the country learn
competing railroad? +
Why did Gov. Van SAINT sit still from Nav
until November while majority of the stock
of the Northern Pacific company was con-
trolled by a parallel and competing railroad
company, to which the law is clearly opposed.
and wait until myself and friends have by our
efforts and with our own money
Relieved the Northwest.
not as rival parallel competing railroad.
but doing what we clearly have the right to
do as individuals working together for
81 eater permanency and security as a financial
corporation? '......
Has there ever been case in the history of !
this country when men have dropped their
money profit and stood firmly by the interests
of the. communities which had grown stip with
their own and largely by their own efforts and
capital ?~s'-z-v'< ssss-
The public is interested in having a good
railway service and at fair and reasonab.
rates. The past is gone and speaks for itsel .
| can speak for the future, and I have no
hesitation whatever in saying that the in
creased volume of traffic, both through AMI
local, will enable the companies to reduce their
rates in proportion to the volume of such
traffic, and that in the near future the public
will have chance to see for itself this fee
of what l have said. The development of the
country will increase with grea ter increase in
population between Minnesota and the Pacific.
- No merger consolidation of the Northern
Pacific and Great Northern is contemplated.
Each company will be opera ted separately in
the future as in the past.
l greatly dislike to discuss my business in
tie newsp2pe :. but during my absence an at
which has been persistently supported by both
political an rival interests. All 1 ask is fair
play, at / let time determine whether the pub
nc will be benefited injured by what
have zone an I'LL continue to do.