Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1881-03-18

pooi'!'o 'ii"' tue lie" zeal may chanSo
the situation, the entire train Of IT,
dications point that way and thew
deem it best to be on the safe side
in the event of an emergency. If
MIR. Willard has won his point of which
there is little doubt, il means that
construction Of the Northern Pacific
road will be under the management
of the Oregon syndicate, who appear
to have unlimited confidence and
credit and who are certainly demon
strating that they are power in the
financial world. 1t means also that
efforts to make New England the
rallying point for this trans-continen-
tai road will prove abortive and that
New York may yet come in as the
seaboard point which will stand in
direct relation with the Pacific ter
minus of the road. 1t means that
the Northern Pacific is to be pushed
along and that the Pacific coast is to
take the lead in completing what will
be the most desirable of continental
roads, and that the shadow of first
endeavor has been forever removed
from the line OF this iron throughfare.
New York, March 14.-Examin-
ing further and more closely into the
matter to-day, lean say to- night upon
the strength of conversations with
parties closely allied with one OF the
corporations more large interested in
the new deal that the statements of
my first dispatch are fully borne out;
that the Northern Pacific has passed
from its old management, and that
the New York and Chicago interests
have won one of the most important
railway fights of recent chronicling.
At the head of the new syndicate
which will from this time forward
have the management of the North
ern Pacific road is Henry Willard,
President of the Oregon Railway "
Navigation Co., u corporation of
great wealth and backing and of the
most formidable financial character.
1t was felt by the officers of this
company that if the Northern Pacific
were allowed to perfect certain eX-
tensions of its line which have been
for some time past iii contemplation
the Hallway & Navigation company's
interests would to u certain extent
be injured, and this they strove to
prevent. The latter company has q
line of railroad Oh he south side OF
the Columbia river from the mouth
of Snake river to Portland, Oregon.
When the Northern Pacific people
began to agitate the question of con-
struciion an opposition line on the
moth side of the river from and to
the same points the Railway & Nay
igation company managers began to
kick" TO use vuSlar saying. The
more they kicked the warmer be-
came the fight and more determined
were the Northern Pacific to put the
line through, for they felt that if
such strenuous opposition should
come from a company already own
ing and operating line of road be-
tween the points named, it certainly
must be remarkably remunerative
investment. Finally the railway and
navigation company seeing that they
could win their point no other way,
proposed compromise, but this
was scolned, Mr.. Billings and the
directory of the Northern Pacific in
forming Mr. Willard that they pro-
posed to build the line. With COM
mendable enterprise Mr.. Willard con-
ceived new plan for gaining the
point he wished and defeating the
. construction Of the rival road, and
this was no less than the purchase
of the Northern Pacific control.
Such plan would stagger the Or
binary individual, but Willard knew
what he was doing and knew the
men with whom he was dealing.
They were mostly prominent rail-
road men, and before he knew it
there were $40, OOO, 900 ut his dispos.
al. He said that he would go into
the market and get the stock before
it could be known what he was up to,
for the moment the actual object
should become bruited on change,
that moment holders would play
with his money and keep the quota
tons. Accordingly, with his $1O,-
O00,O0 Mr.. Willard went into Wall
street just about u month ago.
Northern Pacific was low at that
time, being in the neighborhood of
81 or 3S. BY excellent management,
quiet maneuvering and tact Willard
succeeded in getting $25, 100000
worth of Northern Pacific securities
and this was done, strange us it may
appear, without materially exciting
the stock market. At one time there
was an advance of five points, but
it is stated that this was after the
purchase had been completed and
that it did not affect the average of
Wizards payments. On the strength
of uncertain rumors and the knowl-
edge that something was happening,
the price has since steadily advanced
until it is to-day about ten points
above where Willard struck it with
his S25 10000 club. The stock