Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1879-07-25
TO BUY OR NOT TO BUY.
That is the Question Which Atec. Mitcltetl's
Movements Create.

That is the Question Which Alen. Mitchell's
Movements Create.
Chicago Times, July o..
canard has been given extensive currency
to the effect that Alex. Mitchell, president of
the Chicago Milwaukee Il st. Paul Railway
company, had gone to England to negotiate
with the creditors of Jay Cooke for the pur-
chase of the Northern Pacific railroad. The
stockholders, directors and managers of the
Northern. Pacific have been much ANNOYED by
the publication and wide circulation given to
his story. The statement is preposterous
The control of the road is not at the
disposal of the creditors of Jay Couke.
they have no ownership in 9he line. The stock
of the company is mainly owned by gentlemen
composing the present board of directors.
President Billings holds more of the stock and
bonds than any other person concerned in the
as the one referred to could have originated
and been credited as fact is something that
sensible people will marvel at. President
Mitchell" probably never entertained
the idea of even trying to secu e
control of the Northern Pacific
1t is an enterprise that has object and fu-
ture that are distinctly its own. The directors
who, as has been stated, are the owners, are
united in the purpose to complete this great
highway to the Pacific ocean, and they fell that
in supplying the necessary means for further
ing and finishing the enterprise, they are max
ing safe and paying investment The men
who are identified with this transcontinen al
scheme would not be prevailed upon by Mr.
Mitchell, or anyone else, to surrender their in
terests IN it now that its realization seems a
fOregOne conclusion.
Milwaukee Special in same issue of Times.l
1t seems that John w. Cary, ESQ.,, solicitor
| for the Chicago, Milwaukee and st. Paul COM
pany, did not leave for Europe as reported, but
was detained by business in New York, sup
posed to have been relative to the movement to
| secure control of the Northern Pacific. Mr.
Gary is, however, going to Europe, and will
sail the 3Oth inst. 1t he returns west before
he sails he will arrive here Thursday of this
week. The belief that Alexander Mitchell will
gobble up the Northern Pacific is becoming
more and more general in railroad circles.
RossER's VIEWS.
BISMARCK, Dakota July 22.-Gen. Rosser,
who is credited with liberal knowledge of the
inside of Northern Pacific affairs, does not be-
lieve that Alexander Mitchell is buying up
| controlling interest in the Northern Pacific.
President Wright, who is in Europe, does not
swing majority interest, tbut it is understood
| the Pennsylvania bondhoders altogether do.
Mitchell is a director of the Northern Pacific,
| and is on the best of terms with the manage
| ment Shippers in this section don't underntand
Why he should want to buy up Northern Pa
cifc at present, when the stock is booming
and the lands selling at an unprecedented rate.
| The wheat harvest on the line Is about to
prove the largest in the history of the country.
With the extentions in progress, stock at q
speculation figure, and the wheat crop inn
mense Mitchell would only send the stock
| higher and thwart his scheme, even if he was
ION it, Every one in this vicinity has conf
dence in Billings dynasty, but don't see
any harm in his pooling with Mitchell, or Van
derbilt either, if he finds it to the interest of
the roads extension to do so.