Newspapers / The Courier (Asheboro, N.C.) / June 14, 1876, edition 1 / Page 1
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I I i I: Hi 1 4 i GOVERNMENT WAS INSTITUTED FOR THE GOOD OF T1IE GOVERNED. L4 in i i hi ii i 1 1 i 1 1 i . i . i ' . -. THE RANDOM H REGULATOR. ! .-HUSHED EVERY WEDNESDAY ' L . - BY Till: UAXDOLPH PUBLISHING CO. OFFICK 2 DOORS EAST OP TUB COUKt HOUSE, o i- Year, postage mfl m m i Months, postage paid ............... i 00 ; RATES OF ADVERTISING. W inare, one inertron ........ .....at no oiif.niart.- two insertions... ..1.. . I'm :t.; vi uare. three iri?rtioris.'..L..-i nn o :iy. -fj'iarfc, four in?ertions...i......'.3 00 ue fuiuai, three months......... 'V: a rn Qne juarH, nix" months... ..-."ft on J or larger ad vc-rttomriif. liberal con-'M-N.vill h,. m:i,j(.. Twelve ilneg solid hi vkt eoristitiite one square .All. kin. Is or JOB H'OKKiione at the Kh;i,atok" ofllc. in' tho nm . I . , .-. ----- ......x i.-. ;uiii on re;iPonali' terms Bills for eon side red due when pre The Great Bondsmen. Kx-Sl'KAKLIi Bl.AINK HoV MANY , jAM.i:AI CoMPANNvS IS He IX ? Vir i jik Knows About Jay C)OKK NoKTIIKKK PACIFIC PliO in T -LioiiT os a Veuy Dark Iia-ett Special. ' Washington, 3Iay 28. t 1 litter of James G Blame, writ tento Warren Fisher, Jr., November ':. in regard to the. sale of a 'hiie . interest in the Northern Pacific Railroad Company, which was printed in the New York X,tn of yesterday, lum c aused -most profound sensation h'ti 1 he friciuls of Mr. Blaine are m ry much demoralized by this last ?wid most startling revelation, and pri vntel y they admit that if it leads to an investigation no one can tell where the 'i.d will he. Hr. Blaine himself has put out a must ingenious defense; in . . w h ieh he uses very ad roil I y the fol low. hiZ paragraph in his letter to Mr. Fish er; The chance 'is a very rare one. I - ran! t touch it." This, be avers, meant that the Northern Pacific Rail-. rfal hcing a land I grant road charter ed 1 Congress, he could not be iuter-"-ted in it beeniisc t he company would I'Mihtless be coming freqiientlv to Congress for legislatioii of one kind and another. If no sliDiild; He ordered bv investigation the! House of Ii presentatives into the whole subject f the Njort hem pacific swindle, and "the question of Ir. Blaine's interest I lure in is allowed to rest whereUt is I'Uu-ed hy this publication and his 'an swer thereto, it is probable' that'1 his ehan,ees at Cincinnati would not be materially atrected by this latest scan dal. But will the matter be suffered '. re-it here ? The chances are that it will . not. The settlers along the lme of. the Northern Pacific Railroad lia ve 1 teen represented here for months past hy .agents who are urging the House Committee on Public Lands to investigate the operations of the Lake Superior and Puget Sound Land Com pany, which is one of the credit' mo lujiers ofjthe Northern Pacific. They will: redouble their efforts now, and the chances are decidedly in their favor. 1 And it i idifHmdt ;can avoid ordering an investigation, hy a' special committee, of the North ern l'aciflc, and the manner in which it secured all its very favorable legis lation, j "r . . It will be obscrvcil bv Blaine's let- ter to Fisher that he says the whole road is divided in twenty-four shares, of which Jar Cooke .1 Co twelve.'! Now, it is very well under stood here by tlwse who are acquaint ed with the inside history of the North env Pacific, , that these fwenty-four shares were placeil where they would do the most good. Jay Cooke & Co. made the arrangement and manipula ted the scheme with capitalists as well as with congressmen. Twelve of the twenty-four shares were placed with 'ajiuaiww ui uwciviib sections oi ine country whose standing in the finan liaJ world, as well as their political influence, would bo sen iceable to Jay ke &!Co. in placing the bonds of company on the market, as well as Controlling Congress. Smith, Pres of the Vermont Central Railroad cnpany,' and his friends took ona terest ; Colonel Scott, of the Penn sylvania Central Railroad, and bi S another George W. Coss 3Pre3- ideut of the Pittsburg and Forti Wayne naiiroaa Company, and his friends, two ! shares ; Samuel Iloope and his friends, two shares ; W. G. j Fanro. another ; William Windora, Bill King and other Minnesota capitalists rep- resented by them, one share, and the other four shares were allotted as fol lows : Thad Stevens one, in the name of Riley Blaine one, in the name of Stewart ; John Sherman one,i in the name of Cooke; IT. S. Grant one. The twelve shares Jay Cooke & Co. held were drawn upon for allotment to the army of lobbyists they had era ployed here from time to tim?. ' One share was divided, though Edmunds, postmaster of Washington, and Sam .Wilkenson, had another to split up ' L!. ii uiuun-ms menus. Dent and Paige got their interest through Stevens' man Riley. Smiler Coolfox did busi ness directly with the Cookes as John Sherman did. There were $81,000, 000 of stock of railroad to be divided among these twenty-four shares and an equal amount of the Lake Superior and Pujret Sound T.iri nLm- stock, "as well as a goodly number of the 7-30 first mortgage 'bonds which came through- another credit mobilier organization called Construction Com1 pany, which built the road, taking all the bonds per mile therefor and divi ding surplus bonds over and above the cost of the road among the' ground floor stackholders. Each one of these twenty-four; interests was entitled to $3,375,000 of the railroad company stock, and a like amount of the land company stock,-making in all $6,750, 000. The following passage in Blaine's letter to Fisher'needs no explanation. Illoirtfk O A ra t All 1. ' . An' sncn Wnces as this f liia nffot- tn T.'JoJ,- t-. v ""vi iu x jj aiuuu uav Cook e got the road, have been accom- panJed with the obligations to take a large amount of the bonds at 90, and -hold them not less than three years." It' will be observed there are no such conditions attached to Blaine's offer to Fisher. This is conclusive as to one thing, viz: That the interest he was offering was part of the one- twenty-fourth interest which Cooke's did not control. Now a word as to this Lake Superior and Puet Sound Land Company. It was an organiza t.ion with the same stockholders and same officers as the Northern Pacific Railroad Company, and with about the same capitai. The object of it was to take not only all the land granted the railroad company, but to gobble up also all the choice lands not granted. The railroad company was to have every odd numbered section of land along the line of the foad for forty miles wide twenty, miles on each side of the track, and if any of these odd sections had been pre-empted they were to be made good to the railroad company out of any of the publjc lands in any of the States and territories through which the road passed. The land company had a contract with the railroad company to take all of the land granted to it at a certain price if it wanted them, and in addition to this, it located all the town sites along the road, and gobbled up all the good lands in the neighborhood of these town sites. To accomplish this, it hacl a small army of pre-empt-ors, to whom it paid a regular salary and furnished outfits and subsistence; Thi s business, of course, required some capital, and hence the stockholders of the. land company had to pay assess ments. The manner in which these hired pre-emptors operated was shown in legal contracts between the land company and the settlers in regard to the town site of Bismarck. The fol lowing is the testimony given, in one of these cases by Thos. IL Canfield: I am the president of the Lake Supe rior and Puget Sound Company, and a director of the Northern! Pacific Railroad; the Lake Superior and Pa get Sound Company was organized generally for the location of town sites along the line of the Northern Pacific Railroad. It was in harmonywitIi the railroad and intended to be an auxil iary to it, the stockholders in one be ing stockholders in the otherj X came here on behalf of the land company to select a town site at the Northern Pa. i cifie crossing of the Missouri rrrer un. ' ASHEBORO, NORTH CAROLINA, WEDNESDAY, JUNE 14,1876. der the instruction of the Lake Supe rior and Puget Sound. Land Company. l arrived here May 22, 1872. Geo. W. Sweet, attorney for the company, was with me, and so was George Ros seo, chief engineer of the Dakota di vision of the Northern Pacific, and also Dr. Thager. ( While here I select ed for , a town site the land on which Bismarck stands:; made the selection aiay 14; 1875 ; lea that evening, leav ing Colonel Sweet in charge; think I lea written instructionSTwith Sweet i as to j mapping Jand completing the survey commenced, and put him in lull charge of the business of the company ; Colonel Sweet was at that time, and had been for soma timn previous, the attorney of the North ern Pacific Railroad Company, and continued to be for some time aaer. Canfield, on cross-examination, tes tified substantially as follows: The stockholders of the Lake Superior and Puget Sound Land Company were the same as the stockholders of the Northern Pacific Railroad Com pany. Among tlie stockholders were J. Gregory Smith, R. D. Rice, A. II. Barney, Wm. G. Fargo, B. P. Cheney, and Jay Cooke & Co. The directors of the Lake Superior and Puget Sound Land Company in 1872 were W. G. Moorhead, Jas.j K. Moorhead, Jas. Stinson, Fred'k! Billings, Thos. H. Canfield (all excepting Jas. K. Moor head, directors iri the Northern Pacif ic Railroad Company, Washington. C. Smith, Fred. E. Woodbridgei Pitt Cooke, W. S. Jviiig, A. If. Barney, John N. Goodwin and two others whose names I ido not recall. They had prior to May, 1872, selected quite a number of locations for town sites on the line of the Northern Pacific railroad, six or :6igbt I think, possi bly not that many at that time. George W. Sweet testified as follows : I employed about twenty men perhaps from time to time to assist me in mak ing improvements and holding the site ; some of these men have been mention ed as having been einnloved hv t.hp . company. ; . w . , J Geo. A. Joy testified. I got here July 30. 1872, ; and commenced im provements immediately on my arri val ; next day I went to the woods and got some logs, leaving them where mj nouse now stands; I commenced to build three days after my arrival; I put up my house and moved my fam ily in ; my family were with "me on my arrival, and have ircsided with me ever since on , the claim; I went upon this land, staked it off and put up these improvements for the purpose of mak ing it a farm and holding it as a pre emption ; I had j no interference until some time afterward, when a man named Geo. W. Sweet came and asked me to leave, and threatened me with trouble if I did not go ; I refused, and then he came again with the United States Marshal arid threatened violence if I did not getaway; I still refused, and said if they undertook to drive me off or jump my claim t would kill all i coma oi my assailants, Cornelius Collins testified that he was employed bvi Sweet toholdeUim and turn them over to hira after the title was perfected ; that was in 1872 : made contract in writing Richard Farwel I testified that he was employed by Sweet in 1872, and the agreement was that Farwell was to i pre-empt northwest quarter section, 4 Town 138, page 80. and hold it until title was perfected, and then turn over to Sweet;, was to receive $40 per A number of other month and board witnesses swore jto similar facts, all showing that the Lake Superior and Puget Sound Company was employing men and paying them $40 per month, and furnishing them board for their sevriccs in pre-empting land and mak ing false oaths, company was to Another plan of the get bogus half-breed Indian scrip which they were1 ena bled to do with some of the ring's con nection with the Interior Department, possibly through John Delano, and doing this to locate land near their town sites. Another was to get boun ty land warrants from the bounty land warrant nog ana use mera in a similar way. With these facta before the country it is difScult to see how the Democratic House of Representatives can avoid ordering an investigation into tbee matter. PRINCELY INCOMES EXORMOUS EALTII OF OWNERS OF, THE Great Silver Mixes of Neva pa. ViROixiACrrY,Nev., May 23. -The yield of the Consolidated Virginia mine in March last was $3,034,2.98.20. These figures are official, as 1 get them from Mr. Taylor, principal bookkeeper. Since this mine commenced paying div dends its stockholders have received $28,000,000 in round numbers. jThe California mine, the richest known mine in the world. Daid its first mnnthlp a i t, riL . idend on the loth instant, $1,080,000 or $2 per share for each of its 540,000 shares. These two mines pay montiJy dividends of $2,160,000. Beginning in July, the California mine is expect ed to pay a monthly dividend of $3 per share, or $1,620,000 monthly.; The present price per share of these stocks is respectively : California, $80 ; Con solidated Virginia, $73. Like all J min ing stocks they are subject to startling fluctuations. The knowing ones, how ever, do not look for any material changes in the prices of these two stocks this summer. It is not. nUno-Mhot. matter of speculation with regard to these mines. What ore thev is pretty closely ascertained. At pres ent there is enough first-class ore there in to keep the mines going for at least hree j-ears. Col. Fair, Superintendent, is, now erecting a new 80-stamp mill, in addi- ion to the numerous mills already pos- sessed by himself and partners. . When this is finished you'll hear of some un paralleled results from the Bonanza mines. Fair expects to turn out ft-i.. 000,000 a month. He can do it. It is only a question of milling facilities. There is no lack of ore. In view of the stupendous wealth of these mines the question often occurs to me : V hat will be the eventual limit of the wealth of the four gentlemen popularly known as the "Bonanza 4 V People who have watched their fortunes with critical eyes aver hat thev are now worth in monp and i j property upward of $100,000,000. It IS a common remark- Iippa thafr Aronl-m, "i r ..v.j , has an income of $800,000, gold, a mum ii. cMuce uie aiuornia mine vxui vajm- uiwueiHis it must have added at least $150,000 in hi. 1 monthly income. I think I may say that his. monthly income is in round numbers a million of dollars. I do not ; - 1 SZ't?Lf to- the following extract from a bio - graphical article on that gentleman published in, the San . Francisco JXetcs Letter, March 4, last : ; It has been calculated in regard to the total income ofthis youngest of the quartette of " Bonanza Princes," that each minute of the day and nidit 25 gomen dollars drop into his pockets ! "hu meeuanicai auu monotonous regu larit Mr. Maekay. owns three eighths of the famous Bonanza mines.frora which his income is estimated to be ! over $800,000 per month. I James G. Fair's income is not hiss inan oui.,uuu a month ; r lood s, $750, i 000; O'Brien $500,000. Now, here ! are four men with i (rma ir...r.mA r I e ' '"v-viug vi i nearly $3,000,000 a month, everv one ( of thera hard-working, practical busi- ness men. With S100.000.000 nhAlith already, and a yearly income of S36.- , 000,000, I think it is safe to put them down in Januarv. 1870. nL ri'nht quartette m the world. The question j " - mv- m iwuvob - is frequently asked. What will Mackav do with his fortune ? People seem Lo I forget that the more money a man has,; the more uses he finds for it. Of all the ieople on this coasL Max-kavlhim. self is the least anxious about finding a use for his money. ' " 1 1 noucc m me letters or correspon- these mcn." by Eastern people who have read of the wonderful fortunesof the -Bonan- za kings." that thev have been aeouir-ld ed within the. last year, and that none j not was Governor Ames himself ;!that of them were comfortably fixed lfore 1 his order to Crosby to summon the ne the developments of'the Consolidatetl ; J , Virginia mine. This is all a mistake. IZ Flood and O'Brien were worth $200 000 ten years ago. and they have kept adding to it ever since. Fair was worth half a million seven years ago, and Mackay bad been a millionaire long before the Consolidated Virginia mine was dreamed of. I oih.t grin, wben he tnrus U . ' !V "TrriOWW uuuixra iu- .erery Z persons or ture who said-If you want to keep Germany, I iu OS: j wj ' vimc- uuu , oear too nam ! Knuii 1 107 . i : J GOV, AMES RESPONSIBLE f OR THE VICKSBURG RIOT. Crosby, . an illiterate - and corrupt negro demagogue, had "been decked sheriff of Warren county, Mississippi. It was charged against him that he was acting and collecting public mon ey without having given lawful bonds, and a mob illegally coerced him to re sign his place. He went to Jackson to consult with the state authorities, and a meeting was held at the Goyer- nor s mansion. At the meeting the a tt,. , . . n . .. i i , , 7' . M.owiuwiy ejieu oeiow proves, that Crosby had a xaceable remedy in the courts. Several prom i nent citizens were ready to go to as commissioners, to settle the matter peaceably. G overnor Ames rejectl all adrice and told Crosbr to go back to Vicksburg, summon thene- grocs from the surrounding country and reinstate himsplfhv rU -ri. " 7 A negroes, so summoned by notice in the churches on Sunday, marched on Vicksburg Monday morning in a strag- gong manner, and as, in fact, a mob ; were met outside by a party bf whites, and driven , off, a number being shot! That was the Vicksburg riot j and con cernlng the manner in which and the purpose with "which Governor Ames deliberately brought it on, the follow, ing sworn testimony shows e j Captain A. W. Allyn, also present at the consultation, says under oat(i Am captain of the Sixteenth United States infantry, and command the post at Jackson ; was present at a meeting in the early part of December, 1874. It was alleged that a poWc of negroes simply would canse blood, shed. The Governor asserted tJidt un doubtcitfy it tcoidd. TMt "very likely fUen or twenty ncymet may be killed, but tluit it would result to the benefit of 0 republican parti Attorney General Harris a repub lican -and the official legal adviser of the Governor, also present at the con sulfation, says under oath : 4- j Was present at the interview at the vjrovernors mansion in December. 18.74, just before the Vicksburg riot. . a lie governor (Ame) jaskedme concerning -the law nf th 0-1....' -..v : 1 Lv j 1 1 ill " fta 1 U nil . nv-n M J a . give him the law by which Crosby could obtain possession of! his obce in the courts. Governor AmM turned ana addressed himsclfto ! coloretl men . present, remarking that c" and other white men had faced j the bullets to free them, anil if they j were not willing to fight I for that 1 frppdnTi thv i i I? Y "V Unwor ! Smc one reraarkel that if" Crosby ; ""dertook that there wouid lc lives lost, and the Governor replied : "What if it does cost blood ? 'The blood of the martyrs is the seed of the cnurcu. 4 . H. R4 1'ease, a republican and north crn man, ex-United States fteiiator and at present iostmaster burr s's oslmastr at Vicks. ! j. . . . j 1 e !"r,c'i said he and some one ro roonstrated with the Governor as to nolW nfn,!!,,,, rw.i.1.. I - r v. av nui. v 1 usil t 11 1 Vicksburg to summon the - that f OrZ v lhat lf Cro,b negroes ; was sent back there it . . t t 1 would result m hloodshetl : gidngthat as a reason for sending Crosbv llarL- ! to which A mo rntui ti.J i.Jf.:n f ant,.r .i..L ' 1 - vi wu.rty negroes wouU be advantage to the republi- PartJi on the principjo that the ! blood of the martyrs is the seed to the church." Deadbrick spoke of this as J"? io "il t,. J ' 11x19 tcstimoJ shows that the real deliberate author of theVicksbunr . . - . 'r.4 1' lce V1 Awrae.v ueaeral tfcat Ure was a remedy m the courts, and with. a-s his words shows, the deliberate in tention of causing bicKxUhed. and! the killing of negroes in order to advance partisan inUrests.-V. Y. JleraTJ. I France has one man under arms for the; population; ItalyJlin 114: fa2S. 1 1 tent NTJHBER20. OUR. ARMY OF OFFICERS. A Commander to Every one -axd , A Third Soldieii rx the Na tiox's Servicb, WASiirxoTox, May 28. The le.' tcrmined effect made by the Republi can forces yesterday in the House to prevent a vote on the Army. bill,, re. portetl from theIilitary Committee, is, doubtless, in acconlance with tha general plan agreed upon by the man- agers of the radical party to defeat all measures of reform and economr. The Chairman of . tho Committee on lilitao' Affairs. Gcn.lJanntng,-showa yen clearly that Uie 'retluction of tho infantry regiments to twenty and the cavalry to eight regiments will ultU mately save $360,530 a year, and make a much better and more efficient army organization. As at present organized there is a great excess of officers over pri vato soldiers, Gen. Banning, in his speech on Saturday in favor of his bill, put this very forcibly in the following paragraph ; The maximum numerical s trench or our army is fixed by law at 25,000 men. Theso 25,000 men are organ ized into 25 regiments of infantry, . 10 regiments of cavalry, 5 regiments artillery, aud Indian scouts: These organizations are divided into com. missioned and non-commissioned of. . fioers, musicians, farriers, blacksmiths, artificers, saddlers, wagoners, compa. ny clerks, and private soldiers ; 16; 665 are private soldiers, and 8,345 " non-comissioned officers, wagoners. artificers, and musicians. Add to the last 2,168 commissioned officers on tho active list and 300 officers cm the retired list, making in all 10,602, ' and wo have mi army organization of 16,665 private soldiers, commands! marshalei, and managed bv 10. 803 commissioned and non-commissioned officers, artificers, musicians, and wag. oners, being a commander for each ono and one-third soldiors in the ser vice, showing that onr array is an ar. u x r my of officers, an army for display. and not a practical, useful, efficient : army, such as the country rcoulrcs. Ll The other reforms and consolida. ! tions which Barining's bill effects will : save annually millions of dollars, be sides giving the country a much bet ter ami more efficient array. V. Y oun. DROLL CHRISTENINGS. 1 - ' They tell of Biithop.Porteous that hn had an utter aversion to hng name, and fine names, and more than on name ; that being called upon, when a Pariah Prieat, to chrutieu a poor manV child, Thomas Timothy, he dipjed his finger hastly in the basiu, cat tho mat- ter and the names short, and chriiten.- ed the child "Tom Tit." Tho fashion is now running, and has been for soino r years, to lino names IJcttyi, Salle) Sukeys, Nannjs, are gone ; and appro-1 los upon Nanny, I have seen the beau, i tiiful old ballad, "O, Nanny, WiltTliou j Gang With Me T ailaptcl to modern elegance, thus: "Amelia, Will Yon Go V ith 3e ' TliU, however, lias noth ing to do with the church christening. but it dioWs that a roso by any other f narae,' may in tioi tuicll sweet er Now of names. Surely I have en j tercd on tho register tho strangest im aginable. A mason's wife, and belong. iug to the next parub, presented her urchin. What took r,htea " followi : "Say the name, said I, j Wt mT the water, "Act. ir. said she. AcU!n said I: mfan Thanks I to myself I will ax the clerk to spell it. He did. Acta; j Acts was the babe, and will bo wLilt ia . this life, and will U doubly, trtbly so j registered if erero it marries or dies. Afterwards, in the rctry. I aAked ! tho good woman what mado her chdoao 1 such a name. Her answer was this:! hy. sir, v be religious people; we're got four on 'em already, and they oecaia Matthew, Mark, Luke and John; and so my husband thought he'd : compliment the Apoules a Lit The! ideaof complimentmg the Apoules with! this little dab bf Uric- mortar was too' much ; even I could not help Whin. I haTe no doubt she will go on to Rer e!aUnu, they hri? riUrlv 1 i 1 1 s 1 ' li- m;a m in? Aa'-ilSn.TrVlce, . it
The Courier (Asheboro, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
June 14, 1876, edition 1
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