Author: Clement Augustus Lounsberry

Publisher: Theclassics.Us

Published: 2013-09

Total Pages: 328

ISBN-13: 9781230343013

This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1919 edition. Excerpt: ...to Bismarck, and ten years later the completion of the line was celebrated. Sitting Bull, who attacked the surveyors in June, 1873, when they attempted to extend the survey westward from Bismarck, and who attacked and destroyed Custer's command on the Little Big Horn in June, 1876, accompanied by many of his warriors, one of whom carried the United States flag in the procession which welcomed General Grant and others at the laying of the cornerstone of the capital at Bismarck in September, 1883. Edwin F. Johnson conceived the idea of the construction of the Northern Pacific Railroad. At the office of Thomas H. Canfield, at Burlington, Vt., he planted the enthusiasm and aroused the energy in the breast of that young enthusiast, which organized the forces and pushed the work to completion. It was largely Canfield's work which procured the charter; his work that saved it; his that organized the syndicate which finally built it, and his that enlisted Jay Cooke in the enterprise. He was personally identified with the location and upbuilding of all of the towns on the Northern Pacific east of the Missouri River during the days of construction. After the work was over he settled down to farming at Lake Park, Minn., and remained until his death a leading force in the development of the agricultural interests of the Northern Pacific region. The great financial concern of Jay Cooke & Co., which had negotiated the bulk of the Government loans during the Civil war, was forced into bankruptcy by reason of its connection with the construction of the Northern Pacific Railroad, and the panic of 1873 resulted therefrom. The bonds of the Northern Pacific which had been so recently placed at nearly par fell to 8 cents on the dollar, sweeping away the...