Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1881-05-16
RAIL AND RIVER.
Railroad Transfer.

A deed of conveyance was filed Ill the regis
ter of deeds office yesterday, representing the
transfer of the st. Paul & Sioux City railroad
to the Chicago, St. Paul, Minneapolis & Oma-
ha railroad company. The instrument de
scribes the property transferred by the sale,
which has hitherto been published in the
GLOBE.
In substance it sets forth as follows:
The party of the first part hath grantees,
bargalned, sold, assigned and confirmed unto
the Chicago, St. Paul, Minneapolis 81 Omaha
railroad company, its main line, known as the
st, Paul 81 Sioux City railroad, extending
from St. Paul to Sioux City; the branch from
St. Paul to saltwater, and from thence to
Lake st. Croix; the South Saltwater branch to
Taylors Falls; its interest in the st. Paul, Still
water & Taylors Falls railroad; also the Blue
Earth City branch the Black Hills branch;
the Sioux Falls line; the Niobrara branch; the
Omaha line, and the Norfolk branch.
The consideration is 81, and the deed con-
veys all rights, title, lands, property and rev
enues belonging to the company. The deed
of conveyance is made upon the condition that
the grantee shall perform all the covenants set
forth, being further subject to the liens and
membranes existing upon said railway,
which consist of extension mortgages, trust
deed in favor of the Central Trust company of
New York, and a mortgage executed to Hor-
ace Thompson and others.
The deed is signed by FL. 81. Porter, presi-
dent of the st. Paul & Sioux City Railroad
company The deed of conveyance is accom-
panied by deed of assurance binding the par
ties to the faithful performance of the bonds.
Billings and ViIl0rd-Statement of Mr..
Yillard.
New YORK, May 14.-In regard to the re-,
port that an agreement had been made by
which Willard, president of the Oregon Rail
way and Navigation company, had bought tue
Northern Pacific stock owned by President
Billings, amounting to SS,eO0,O0O, and con-
scented to the discontinuance of the suits
brought against the Northern Pacific compa-
nv to annul its recent issue of stock, Mr.. Viii
lard furnishes the following statement:
"First-While it is true that negotiations
have been progressing between the two sides
with view TO mutually satisfactory arrange
ment, no agreement has as yet been reached.
Second-The published version of details OF
the proposed agreement is incorrect
in most essential particulars. Third, no OIL
Ger of the Oregon Railway and Navigation
company, except myself, has been cognizant
of the details of the negotiations. deem it
due to President Billings to state that there
has been no desire on my part to bring ABOUT
his retirement, or that of majority OF the
present board of directors. On the contrary,
have myself offered to Mr.. Billings the sup
port of the stock represent, as deemed it OF
vital Importance that one SO long
ably identified with the enterprise should con-
tinue in his position. 1 would add that in both
the present and former negotiations President
Billings has acted with the utmost loyalty,
both to the interests of the Northern Pacific
railroad company and to those who have been
associated SO long with him in its manage
ment. He has always subordinated his per.
sonal interests to the protection of what he
| considered to be the interests of the company,
aud he has steadily insisted that in any agree.
ment between the two parties the first consid-
Grafton should be policy that would assure
the highest prosperity of the company before
even considering personal questions"