, 1881-05-05
NORTHERN PACIFIC.
49, Philadelphia 1smtt.
o. %rttS% 4.

Who Is Vlllard? .
Not n,nny yuars ngo ho was q newspaper
reporter for TIE CHICAGO TRIBUNE. Ue.'
y0nd the fact that he was oi>co m asstatant
OK Mr.. Schurx when the Inter wns WASH
ington correspondent Of tho New York Tril,-
1t'tc little Is known Of him. II Is saltl TINT
no began III small way to speculate OF tlle
street, and TINT he has grown to ba 4 great
opcrtor little by little. 1}c ti,nt as 1t may, no
has evidently long r!nnnod the chptura Of
the Northorn paciilc, and lie has worked
long and secretly to TINT ond. About three
years ago he appeared upon tho scono. Then
lle Ind obtained cnntrul of the Oregon Navi-
gntiOn Company. This WIS I'LL old concern,
owned formerly by Capt. Alnsworth md otll-
ers. It hud II nolnlnal capital of 25.01O, 600,
and owned rlvet steamships wIllcl, rnn
on the ColumbtN River. md railroad
portages around Tho cascades and tho
tialles: The Inter wore deep. narrow lis-
s.lres through tho rocks. not wide enough to
psrnilt t1'G passaee Of steambonts. The
M%rsnef a., aeS ,;s a niways counted On lay:
ablu 70 make fair TERMS With it for til, til,
trAmsportatlYn OF Its merchandise md pAs-
scngers, Although the stock WIS ut par
Mn;l Wo{tm Sw90 =, Ge "a - fatroad co'npaiiy had
for 81, ,5oO, QUO. .Tllo Company also owned
steamers running on Snake !!tiyer to. i.owls-
Lolt, anu OIL FGhu Urclll9 LIKE. Willard be-
fps stGsS said Il ior s1f Il lG5' 1 5fsr ery
Ia perfect his design. however, Go wns % con.
puiled to pay for some OF tho stock rs high
ny SS' y share 9nd M even ti,en fnI'ed 70 g.
tho owners 81 .whlcli nro now suing
for tllelr rights, tho new stock having
sold ~ high as $lD, ard now selling ~ the
nelFilborlood Of Sl6o.. Az soon rs Yill9rtl
Company hg reached out form c0nblliatlo1,,
lle bought the Ben Holiday ,stnllrurs. r,lll-
MinE ,alQnE tlle const from San FrnMcisco to
Portland, for very small sum, and rail-
lie orgAntzc4 Mov corp0rati0n, wiped ol.t
tho old stock, a1ld issuet( sttN0, ,0OO OF now
stock md 50, 00o, ,0o0 OF bonds Ihis is assert-
cd lo be an enormous Initiation Of tllo real
81, COZ, ,000 Of atdittoIlal now stuck IL to 10 or
llAy hegn is3lct 1t Is this concern. Il mere
sp.Gcuiatlyo bubble, as Is alleged, to which
Willard proposes to nlnke tic Norti.ern pn-
illal purpose, which Wns that II should make
pArt vt tho chief highway between our. own
E9st m and the East e the 9ld world.
xanlzatton Of l.is POO! abaut six months ngo.
Ills management Of The Oregon Navigation
Company had grapp1ed to hit,i, rs with hooks
OF Hteel, tue capitalists who had embarked
Wltt' l!ili m tlie entorpr|sG aud had 6ecn eli
Az 0A1e AS0A
Oy tno Htltelueht ltAt ~ secured from these
capitalists something like y. .o0o, COO without
Informing tnom for what 1t WINS intended.
TAia reaas lika legend Of Tho days Of tic
s!los.ii inye tilis blinJ faitI, in tGis hri'iMmt
etnr"s n,,nto III, tiE t9 strange
t iI;shItaeGIsH I;shIH "tM tti9so !iii'sAo'hl bp0ra.
tIuAs. vA!ar4 IL Nlu0llptatl!y one OF tho.
llnn!Icial gellltlses nt this t(ay, Of financial
genius. Id has worked long and patiently tn
Ills ent! md With wondorfnf secrecy. Quietly
in Nothern paaj,!u stock With tho niiio.s rim
tilugly jntrsic 10 hin by tho s,anitaIisis amd
tho otfer miiljons that hi VIVA nn}a ~ i,nrrn
Suddenly ha appoarc Ut tGo oslca T II Tho ssgm: cum:
lus;sttnX thnt be controlled nlainritv ~ ~,
stuck; stock; AZ ~ oncu tho presYat, tnuMaxolaent ro-
sia.iyor, St,t that lilo psr,ose Of tho r"ud. thH a
cid nj wun thuse Wis t,ud tossi for vcurs urS
Ind tttuct was nilOut Ia hi t1sfrIt"t1: thnS tn@
ptlrpUst.s t,t Willard were not thosg wfin1 t,,nv
believed woIf bu for fp beat intur,sts ~ 1Sy
rWU: that tlslca.l III bcooIal1la urt,nt nnifoM%i
hixhwRy, tho shOrtost roIlu to thimn mm.i
tn1uln II tynn IN r,,n IN ~ nnrt tn .vinh t*
Koiny Rtransera Gun mt ascu.,d, aud that titus,
~" nohes nth aspitatois aha artatns OF tho
~ XII t.tI * M iutp ~ H. ~, pAs5 nnu yeafs