The roundup record. [volume] (Roundup, Mont.) 1908-1929, 1912-12-27
LAY 1000 MILES
TRACK IN STATE
GREAT NORTHERN ENTERING THe
MOST IMPORTANT coNsrRuc.
TIVE PERIOD IN HISTORY.

'.N' NO"s"SVN eN SUuW0 0e
MOST IMPORTANT coN0rRuc.
TIVE PERIOD IN HISTORY.
Mont. Scene Of Road Var
HALF Of the Twenty.one Million Dollar
Bond Issue Goes Toward Aequlsltioa
Of the Montana Eastern Railway.
The Great Northern is entering one
of the most important constructive
periods In it's history, according TO the
st. Paul Pioneer Press. and its con.
structton plans In Montana coll for the
building next year Of more than enc
thousand miles Of new line. 'rhe Pho.
neer Press says:
Constituting the largest financial
deal that has been made in the West
since the authorized issue Of 100000
900 in bonds by the Great Northern
road in May, 1911, the funds derived
from the stock issue of $21,OOO,OOO
added to the capitalization OF the Hill
system recently. may apply, according
to the amendment to the articles of in
corporation filed in the office OF the
secretary of state, to the following
exigencies
The construction, purchase and ex.
tension OF branches. telegraph lines.
shops. docks, wharves, ferries, land.
ings. etc.
The purchase Of the stocks. bonds
and other securities of the Montana
Eastern railway.
The purchase of the stocks, bonds
and other securities of any other. the
acquisition of which may be directed
by the board OF directors.
Other purposes in conformation with
the order Of the directing board Of tho
Great Northern railway.
Alth0 the executive officers of the
Great Northern have declined to dis.
cuss the amendment by which the
capitalization of the road is Increased
from $21O.OOO,OOO to 1921, 100000. It IL
generally admitted that the financial
extension has been made to cover the
enormous cost OF the improvements
and construction work planned by the
road in the northwest next year.
1t has been announced unofficially
that the construction plans Of the
Great Northern in Montana for 1919
include the laying of more than 1000
miles of new steel. It Is undoubtedly
to finance these projects. some OF
which are in process OF building. and
to cover the contemplated improve
ments OF the road in North Dakota. at
the Head of the Lakes and at the
Pacific coast terminals, that the capt.
tai stock has been increased.
It is declared in st. Paul railway
offices that the Great Northern Is en-.
tering one of the most important con.
structive periods Of its hitsory. The
road practically is involved In keenly
competitive, constructive warfare with
the 500 and the st. Paul roads In the
Montana district. 1t has been rumor.
ed that the Great Northern officials,
fearing the invasion Of the 500 In tri.
butary territory, have threatened to
parallel the tracks Of the Canadian
Pacific In Canada. Should this be con.
templated It undoubtedly would justify
an even greater increase in capital
than that announced.
The acquisition Of the Montana East
ern railway. the only definite purchase
mentioned In the amendment, win IN
volve, II the transaction is completed.
an approximate expenditure Of $10.-
100000.
The route Of the Montana Eastern
covers mileage Of approximately 500
miles. Its construction constitutes the
most important building project under
in the West and It win
supply ono Of the richest and CONNER.
cially most prolific districts in Mon
tana, long considered tributary terri
tory to the Hill system It Is declared
in local railroad circles that its direct
control BY the Great Northern but .
matter OF formal acquisiion.