, 1881-04-08

/ arrived at Kansas City, March 23d by the
| Chicago x Alton road Ell route TO New
Mexico and Arizona to invest in mines,
and left this evening on the Atehison,
| Topeka and Santa Fe road.
| At a meeting of the executive commit
/ tee of the worlds fair, Grants letter of
/ resignation was read Resolutions were
| then adopted accepting the resignation.
| and the executive committee unanimously
named Hugh ]. Jewett, for the president
! of the commission.
! The report received that there was d
/ lik elIhood dofamalgamation of the interests
/ of the Chicago, Milwaukee * ST. Paul i,
Chicago & Northwestern and Northern
! Pacific Railroad Company is pronounced
! by the officers of the Chicago, Milwaukee
Il 81. Paul and Chicago & Northwestern
as unqualitiedly false
| The democratic state convention OF
Rhode Island has nominated Horace NJ.
| Kim ball for governor and w l. Segar
! for lieutenant governor; John G. Perry,
/ secretary of state: Francis L. Orrielly, at
, torney general; Arnold l.. Burdick, treas
| urer. The resolutions denounce the dis
| honest and treacherous course of Senator
/ Malone in aiding and abetting the repub-
/ lican party in the senate.
! Articles Incorporating the Union Ele-
! vater Co.," capital 500, 700, have been
! filed in Council Bluffs. The company il
! TO erect mammoth grain elevators IN
/ Council Bluffs to meet the demands of
grain buyers and shippers on seven rail-
roads terminating here. The incorpora-
| tors are Sidney Dillon, a. T. Hopkins,
A Keep, Hugh Riddle and c. +. Perkins.
The republican caucus has completed
! the senate committees except vacancies
/ left for the democrats. Teller is trans
! f.arr To 10 nhai shi of
sions committee and Kellogg to the rail-
road committee; and Ferry is substituted
for Conger as chairman of the committee
on rules Malone remains chairman of
! the committee on agriculture and is on
the naval and postotfice committees.
a New York dispatch of March 23d
says: 1t was learned on inquiry at the
office of the N z. K. K. Co. that the per-
/ sons entitled to receive the newly issued
stock numbered from 800 TO 500, and that
the stock Was pretty well distributed
among them. 1t was also said that moth
ing was known by the management of the
amount of stock secured by the Willard
pool. 4 gentleman connected with the
company said that the proposition 10
distribute the residue of the com pany
stock has repeatedly been discussed in
the board of directors and that the matter
was left unfinished in the hands of the
executive committee. The only reason
for the distribution of the stock was a
clamor raised by owners He could not
tell how the measure would effect the
schemes of the Willard pool. The cause
of the formation OF that organization was
obvicus to any one who knew the char
! acter of the route of the Northern Pacific
railroad and Oregon Railway & Naviga-
ton Company. The seaport ofthe latter
/ company was Portland, Oregon. The bar at
the mouth of the Column bia river was very
difficult of passage and severe storms
/ were frequent off coast, and il was not
Z uncommon for vessels TO be water-bound
near that point two weeks at a time
There were many bars, shoals, etc be-
! tween the mouth of the river and Port
land, rendering navigation extremely
difficult. On the other hand. there was
perfectly plain sailing, with deep chan
mel, to Tacoma sea port, and western
terminus of the Northern Pacific road on
Puget Sound. There was % feet of water
at low TIDE off the company's dock at that
place. and from there 10 the ocean there
| was not a reef or shoal. In consequence
the cost of chartering first-class vessels TO
60 from this city to Portland was $500
more than 10 go from this city TO Tacoma
Then the line of the Northern Pacific road
| from AinswOrth, at the mouth of Snake
! river, to Tacoma, would be l35 miles
shorter than the route around through
| Portland. 1t followed from these facts
that he railroads and steamboat lines of
| the o. L. q n Co. wonid be injured by
| competition of the n. P. r. K. 10 Tacoma,
and it was to prevent this completion
| that the Willard pool was formed. Before
| that Willard had tried unsuccessfully to
| induce the Northern Pacific railroad to
enter into some plan of consolidation and
| of delay of work on the road beyond
/ Ainsworth. Some gentlemen remarked
that if the Willard party had not secured
control of the Northern Pacific before the
| new distribution of stock the increase OF
| the marketable shares would be likely to
aid them in attaining their object If,
| however, they had practically secured q
| controlling interest the new issue might I
| tend TO loosen their hold, The
market opened at ~ and it was now at
! Al. Preferred opened at O. and fell one
| point lower, closing with a slight advance
| All manner of rumOTs were rife in Wall
street as TO the cause leading TO the is
suing of stock, and many operators be-
| lieved that i: was the first move of the
| Billings people against The Willard people
| The secretary of the Northern Pacific r
! X. in speaking TO a Times reporter upon
! this DOUBT declared that such an idea is
altogether wrong. / cannot understand
! he said, how issuing of stock can be sup
posed to be an attack on the Willard svn-
dicate. inasmuch rs the stock is put in
! open market, the pool having as fair ali
Opportunity 10 purchase as anybody else.