Lewiston teller. [volume] (Lewiston, North Idaho) 1878-1900, 1881-06-02
NORTH PACIFIC MANAGEMENT
DISPATCHES of last week announce tina

a settlement between the Willard in
trrrst and the management of the
Northern Pacific had been affected, by
which the Willard interest abandoned
its suits against the Northern Pacific
and that Willard was given two direc-
tors of the board of management,
Joseph Dilwor.h of Philadelphia and
Johns er Livingston of New York had
resigned, and Thos. F. Cakes vice pres
ident of the o. r. 4 N. Company and
Artemas H. Holmes director of the
latter company had succeeded them.
A dispatch of the Goth Of May claims
that Billings had sold out his interest
in the Northern Pacific ard that Bill
ings wiU gire up the cares Of his po-
sition as soon as he can find 1t con
vient to do so. A meeting of the di
rectors of the N. p was held on the 10
of May and resolutions were adopted
providing for an extension Of the n.
p. road from Kalama to Portland, and
on the Tacoma branch from Snake riv-
or to Tacoma. Willard telcgraphed to
the Oregon,dn the second time that
the formal recognition by the n. =. Of
the controlling of himself and associ-
ates in the N. p. and assures the PEG
pie of Washington Territory that ev-
cry obligation imposed upon the com
pany by act of congress- will be strictly
recognized, and especially that the Cas-
cade branch will be built without fail.
A telegraph of the 22d Of May reports
that Willard as having never opposed
the building of the Cascade branch.
This latter telegram does not tally with
Wizards letter to Billings to which
Billings reply was published giving in
detail the situation and obligations
resting upon him by acts of congress,
and the interests OF the company and
the people to secure the early building
of the Cascade branch These two
letters from.the respective parties fully
make the issue. Willard opposing the
early building of this branch and Bill
ings declaring his propositions that it
shall he built, and refusing to sell his
stock in the road so as TO cause de-
Ay in the luilding of this branch.
Now admitting that these late dis
patches are in the main, true, it is evi
dent that whatever interest has been
acquired by Willard in the manage
ment. of the company, that interest
has been made subservient in all re-
spects to carrying out the original pur
pose of the company to Immediately
progress the construction of the Cas-
cade branch and that Willard has been
compelled to yield that much against
his original purpose when he made his
blind pool and bought SO much of the
stock of the company, and boasted
that he had obtained the control in
his dispatches published in March.
The amount of stock that he purchased
certainly would entitle him to as many
- two directors in the beard, the equi-
ties Of the case could not with reason
refuse him that number, and these it
would seem have been granted him,
but upon the express condition that
the original programme of the COM
pany shall not be changed so as to
initiate against the building OF the
Cascade branch so soon as it can be
accomplished. We see that several of
our contemporaries announce Wizards
triumph in this controversy. But
We cannot see wherein he has tri-
umphed. He certainly has failed in his
purpose originally announced. He
has failed utterly in maintaining his
suits against the company for having
declared tile issue of the 10000
shares of stock as illegal, and has only
succeeded in securing large amount
of stock Of the company which still re
mains subservient to the original plans
OF the company, and obtaining two
directors to represent that stock under
the same sutserviency. This same
could have been accomplished hy
any msn who had the means to pur.
chase the same amount of stock with
out any aim to get control, or to in
any manner change the policy of the
company. Nking all the points in
these late dispatches, and admitting
them to be true, they amount to moth,
lny TINT will warrant Tho oerac@;.,,