The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1909-04-03


New York. March 2s.--That James
J. Hul, Lord Mount stephen. Lord
strathcona apd "a few Others associat-
e6 In the Hill railroads of the North
west have In about thirty years divid-
"a among themselves the colossal sum
'of 100000. 900, exclusive OF divi-
dends. interest or other emoluments.
and that this stupendous fortune has
peen made from an original invest
nent u nothing. IL the amazing as
<rtioo made by Charles Edward Rus
seil In an article entitled "The Heart
81 ths Railroad problem" In the April
nonber Of Hampton's Masazine. s.
n Incredible AZ this amount IL. the
present Investigator has found II to
~ 'only part OF the colossal profits
coined from an investment Of nothing
by this most wonderful American
monsy-msking machine. and when
you como to see the fun balance
shsss Of these operations you will
agres with me that never before have
there been such marvellous results
from . beginning 20 inconsiderablc."
Tracing tho tsnssis OF what IL now
the Great Northern and allied lines.
the court records Disclose. among 9TH
81 startling facts that when Jesse p.
Farley came Into the 81. Paul 4 Pa
elfc railroad Ia 1870 a. receiver for
the Usitsd states district court. the
ilpst divinion Of the st. Paul q Pacific
- then known. had the line from ST..
Paul 10 Breckenridge and the branch
20 oank Rapids; the other company.
knoWn simply ~ the 81. Paul 4 Pa
ciflc railroed. had the extension from
watab 70 Brainsrd and the line from
~ Clouds TO 81. Vincent. In all some
shiae more than 600 miles OF track.
vasIey not only put these in order.
But he completed connections with
ne Canadian railroad a the frontier.
Ne still further proved his capacity
VIXEN. after three Or four ysars OF his
rooetvership. tho Minnesota lsGisia-
tuse H~.sd as act providing that un-
~ ne road should be completed to
. eerealn point within . certain time
y nust forfeit part Of the rich land
ornne whereof the peoples Represent
! oelvee M been - liberal Judge John
- Dulon authorissd Farley a. recsiv-
- - construct this extension and to
issus reesitsr's sisbentures for the ex-
penss. 60 the receiver built one hum
drsd snd twelve miles OF new road
esd savsd the land grant," says Mr..
Russell. .
Real Cost Of Railroad.
-Four facts connected with this op-
srstion are IMPORTANT he summar-
iness
"First. Judge Dillon limited the
cost Of the construction to $40. 900 a
mile. and this sum must include sta
tion buildings. grounds. side tracks
ansl equipment.
n second. The receiver built and
equipped the one hundred and twelve
miles Tor less than the limit fixed. ex-
pending only about $4,000 mile.
some stretches being done for ss.225
. mile. Kindly remember this. 1t is
. GOOD fact to have handy when you
encounter the assertion OF gentlemen
In the railroad war that II costs $780,
600 10 $4,000 mile to build rail-
road.
Third The receiver filed with the
court detailed accounts OF every item
Of expense connected with hts work,
and every citizen can go now and see
IN the ONCE OF the clerk OF the United
States district court at ST. Paul. Mimi,
exactly what II costs to build and
sauip railroad when the work is
honestly done.
Fourth. The construction compa-
ny with the alias before noted. ex-
pending money OF the iowly and igno-
rant foreigner. had charged up ss.-
900 a mile for construction In the
same region and had done the work
20 badly that when the receiver took
charge much Of the track was un-
safe"
.. y. Hin. at that time. was local
freight agent Of the road at ST.. Paul
Securing the corporation OF Norman
w. Kittson. George stephen and Don
aid A. smith. first mortgage were
presently and quietly obtained ION
more than 500 OF operated railroad
and 2.5so.sos acres OF land. on the
understanding that they should not
be paid for until the road should he
reorganizcd This was done I'm 1879