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

yvr, creation Simply enap1e THOSE
who hold its stock to continue their respective
interests in association together and to pre-
vent such interests from being scattered by
death otherwise; to provide against such
attacks as had been made upon the Northern
Pacific by a rival and competing interest,
whose main investment 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 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.
Now to the effect Of what has been done
upon the public interests of the country, let me
ask few question which 1 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 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, or 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 facinc eo~-..
Prevent Such Building Up
and control the Oriental trade for their own
railway lines through their own seaports an Il
over their ownships?
In defeating their control of the Northern Pa
cifc and Burlington and retaining it in TIE
hands OF those who had built it up and with
he Northwest.
fit the people of the Northwest?
Did l, 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 he
Northwest, injure benefit every interest. aC-
ricultural, business and otherwise of the on.tra
country between Lake Superior and the Pacific
coast?
cific, even at $500 a share, amounting to So
900, 900, $40 600 600 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
what IL was to be dominated by parallel AMI
competing railroad?
Why did Gov. Van SAINT sit still from Nav
until November while a majority of the STICK
Of the Northern Pacific company was con-
trolled by 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 a rival parallel competing railroad
but doing what we clearly have the right to
do as individuals working together for
g. eater permanency and security as a financial
corpora ton?
Has there ever been case in the history Of
this country when have dropped their
money profit and stood firmly by the interests
of the communities which had grown s,p with
their own and largely by their own efforts and
ga Pftal ?~.-=v~S --ez,7a.7zsS@Ss eS
railway service and at fair and reasonaD.e
rates. The past is gone and speaks for itSel
| can speak for the future and I have I'd
hesitation whatever in saying that tn in
creased volume of traffic, both through an |
local, Will enable the companies to reduce the"
rates in proportion to the volume of such
traffic. and that in the future the public
will have chance to for itself this feG
of what l have said The development of the
country will increase with greater incrCas" in
population between Minnesota and the Pacific.
No merger or consolidation of the Northern
Pacific and Great Northern is contemplated.
Each company will be operated separately in
the future in the past.
l greatly dislike II discuss my business in
TIE newspape :. but Turing my absence an at
tack has been made upon myself and friends
which has hem Dersistently supported BY both
political an liVal interests. All I ask is fair
play, aTi let time determine whether the pub
i:c will be benefited injured by what We
have uone an IN continue to do.