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Jay Cooke and 'Cod Had Recoininoiissance Made. Of

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Jay Cooke and 'Cod Had Recoininoiissance Made. Of • A ' , EKALAKA EAGLE ;JAY COOKE AND 'COD HAD RECOININOIISSANCE MADE. OF ROUTE Or NORTHERN PACIIFIC .1869; REPORT MORE FAVORA :3LE7 MEMNON a OMIN•11 =NEWS PIMA LOST IN 12-.•••••••- THAN COMPANY'S EIRIGIINEEGS; FORTUNE STOCKS 41•1.1•111 By GRACE STONE COATES After examining the line of construe- to incredible levels. A shrewd finander Author of "Mead and Mangel-Wurzel," and tian at Mullen's pass, the reconnois- who was both Vermont Yankee and "Black Cherrlea..- sance party went to Helena. Needless to California '49er secured control of the afe! Profitable! Pernianent! Bo ran say, their welcome was no less enthusi- shattered company by purchase of its the bawler spread headlLning Jay astic here than at Deer Lodge. The depreciated bonds; and with the temp- S Cooice & Co.'s new 7-30 Gold Loan newly elected governor, the Hon. J. M. orary control, and the reorganLzation of the Northern Pacific railroad com- Ashley, happened to arrive at the same of the Northern Pacific Railroad oom- pany in 1869. The "7-30" indicated the time, and made the construction of the pany, Frederick Billings stepped into rate of interest, "a most convenient as Northern Pacific railroad the subject the Montana picture. well as profitable one, being $7.30 each of his address to the public, that eve- year on every $100, or on the various ning. S. T. Hauser, Esq., N. Langford, denominations of bonds as follows: Esq., and many other personsof prom- inence devoted to Mr. Rob- Forest "Two cents per day on each 8100 bond themselves Casualties erts' party. Ten cents per day on each $500 bond. Twenty cents per day orlissach $1,000 bond. From Helene. the party visited the Fewer This Year at One dollar por day on each $5,000 bond. surrounding country. stopped Fort Shaw to interview General DeTrob- Six deaths and 651 injuries of vary- Two dollars per day on each $10,000 bond." riand; spent a day at Fort Benton ing severity made up the casulty list The bonds looked safe. The bonded sympathizing with the shippers who cif the Northern Rocky Mountain re- indebtedness could not exceed $50,000 had been ruined by low water that year; gion, United States Forest service, dur- per mile of finished road, and the bonds and left with Mr. Caldwell ruid Mr. ing the calenciar year of 1932, accord- were secured by a first Cooper for guides, (cu. a trip up the ing, to a report submitted recently to and only mortgage on Dearborn river. Cooper had been op- Major Evan W. Kelley, regional forest- all property and rights erating a coal rnine near Fort Benton er at Missoula. The Northern Rocky of the Northern Pacific that year. From Cadotte's pass on the Mountain region cov rs Montana, nor- railroad. These would Dearborn river, they returned to Ha- thern Idaho and ext ds inta Washing- embrace, on comple- ma, and on to Bozeman City. The ton. tion of the project, business men of Bozeman treated them Deaths and their causes were: C. J. their line to the domains. over 2,000 miles of Deer Lodge in 1869. before the Northern Pacific extended western cordially, and put them in contact with Hash, assistant supervisor of the Lola railroad, with rolling a delegation from Virginia City who National forest, lightning; George Dav- stock, buildings and cubic feet per minute, at low accompanied them over the Yellowstone is,. hit by rock irom dynamite blast; equipment; and over company, we feel it our duty before To read it is to read a roster of the it 48,000 of the country valley. Colonel Brackett, in command H. R. Sowerby, burns; C. J. Leonard, 22,000 acres of land to accepting the trust, and before we in- names prominent in finance in Mon- I water. Robert's notes and Deer Lodge were at Fort Ellis, gave them an escort un- heart failure fmm lightning fire; Emil every finished mile of stitute measures for the sales of the tana at that time, and to see the land b'etween Missoula I very full. der Lieut. Hamilton for the trip to Nordstrom, typhoid fever; Nick Late,- road; in all over 50,- securities of the company, or become with fresh vision. "When we were yet ten miles froth Bozeman summit and back. ala, over exertion from fighting fire; 000,000 acres of timber, identified with this great work, to The party pas.sed from the Flathead (Deer Lodge) we were met by The reconnoissance party completed William Id. Murphy, fell from a btLs mineral and agricul- UMW a thorough examination of the into the valley of the Jocko river. In this place a large delegation of the prominent its work, filed a comprehen.sive and able route to fire. larral land. The Nor- route to be made, by agents chosen and the Palthead and Bitter Root valleys, in a number of carriages and report on the physical feattires of the Among the accidents which were ncrt • them Pacific 1 a n d sent out by ourselves; and we do this, as in the Clarke, they found timber, citizens the Grace Stone Coatesgrant was larger than not because we do not place implicit soil, water-power, waiting only representations made white men to whirl its calm all the New England states, with Mary- confidence in the presence of our long es- land thrown in. It was larger than to us . but because of into teeming life. rule make 'assurance doub- the states of Ohio and Illinois cetnbin- tablished to Mr. Roberts reports: "We passed uP ____ ed. As each 26 nUles of road was com- the Jock° valley about 30 miles, thence pleted, the governinent conveyed t,o the by a favorable divide to the waters of railroad company 600,000 acres of land; the Hell Gute river, a very fine stream, and at the time of the new bond issue, the main continuation of the Bitter the company was ready to take posses- Root. Our measurement of the flow sion of 3,000,000 acres th Minnesota of the Hell Gate (Aug. 10, 1869) gave a lone. 115,000 cubic feet of water per minute, the stream was considered to be 'they looked safe, but within four when quite low. The distance by our travel- years Jay Cooke & Company, bankers, route from the Flathead ferry to were wiped out; safety had hulled to led the town of Missoula, on the Hell Gate dista.ster, profit to loss, and perman- river, is about 58 miles. ence had gone the way of all things. of Missoula gave us a Yet the great banking hcuse of Jay "The people warm and we have to thank Cooke & Co., had not gone into the welcome them for many kind attentions. Before business blindly. They had refused to were joined at ottr previous reports on the project, arriving there we accept by Major John W. Milnor Roberts, Esq., camp on the Jocko and engaged 60 miles engineer, to make a recon- Owen. of Port Owen, who rode U. S. civil with Major the proposed route. to meet us, in company noissance of City. These "Philadelphia, June 1, 1869. Graham of Deer Lodge gave us much information "W. Milnor Roberts, Esq., gentlemen about the country through which we and others: and accompanied us to "Gentlemen—The directors of the were passing, Missoula and Deer Lodge City. Northern Pacific railway, having prof- a "Missoula fa a thriving young town fered os the financial agency of their . containing a grist-mill, saw mill, two excellent stores. and 25 to 30 dwell- ings, a number of them well built. I OF visited bleWhirk's garden of five acres, AGENT TEI LS where I found ripe tomatoes, water- melon.% muskmelons, remarkably fine beans. onions, 'peas, tilid Hon.' N. Langford. who devoted himself potatoes, PLANS FOR WORK squashes; also young apple trees and to Mr. Roberts' party white in Helena in other fruit trees, and a very fine col- FARM IIELP TO IRE PAID WITH 1869. lection of flowers; and all this had been PRODUCE AT MARKET PRICE brought about from the virgin soli in AT TIME OF SELLING two years, and would this year yield ly sure,' and to take every precaution the owner over $2,000 in gold, the only to avoid placing in jeopardy, not only Cascade county farmers, in a letter Currency yet ktiOwn in that part of ih.• our own means, but the means of those met an enthusiastic crowd who were anxious to see the coming of E. Cameron. coun- Montana territory. Helena In 11176. It was here that Mr. Roberts mailed out by Ray who confide in our judgment. ty extension agent, are being in- "Messrs. hfcCormlok, Worden, railroad. formed of the new relief program "We request you and the gentlemen gins, and other gentlemen of hlissoula, whereby they may hlre unemployed detailed as your companions, to pro- did all in their water to aid us in pro- men and pay them in produce in- ceed t,o the Pacific coast and . east- curing satisfactory information of VR1'- slipping over proposed route—a report rnore favor- fatal. that of falling and .,tead of cash. Mr. Cameron's letter, ward along the general line of the road lOUS kinds." on horseback, who were quite enthusi- even, than that of the company's roots, logs and other okiects In part, follows: by such route as you shall aelect to the Naturally' the peOple of Missoula were astic in view of the promise of the rail- able, own engineers. They forecast tremend- working, was the most prevalent.
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