Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-12-31

are matters so fresh in the minds of read
srs, and have been 30 freely discussed
heretofore, that it is only desirable in this
annual review to mention tho facts. The
formation of tho Albert Lea route, with st.
Paul connections over the Omaha line, was
followed by the new line selling tickets to
Chicago with rebates or commission re-
auctions of about one-third from the
regular rates as established by the two old
lines. Pending efforts to come to an
amicable agreement of the three lines,
President Porter of the Omaha company
advanced certain demands which were re-
fused by the representatives of tho Milwau-
kee company. Upon this notice was
given of the termination of the agreement
between the Omaha and Milwaukee COM
panies as to rates and earnings on Chicago
or east bound business, and at expiration
Of the notice the three lines We'd with each
other in slashing rates, both passenger and
freight, not only east bound but also west
bound to all common points Of tho bellig-
ersnts. There was great danger Of the
war spreading, railroad traffic was widely
disturbed, the stock market was affected
and the Chicago d Northwestern company,
allied to the Omaha and compelled to &C
cspt the rates it made on east bound traffic,
but having no stomach for that sort of
fight, sought to bring about settlement
or abandonment of the questions at issue
between the fighting companies. Mr.. Van
derbilt, of New York, and some of his
associates in railway enterprises were in
duced to buy a controlling interest in the
Omaha road; Mr.. Porter and others who
sold their holdings retired from the direct
Org and all official connection with the
company, and Mr.. Vanderbilt and
his friends, including official
representatives of the Northwestern COM
pany came into the directory and elected
SUCCESSORS to President Porter and other
retiring officers. The Vanderbilt party is
known to hold large interest in tho North
western road, and alse large block of tho
Milwaukee compaly's securities. Hence,
it is concluded that the Vanderbilt pur-
chase was firstly in the interest Of peace
and pooling; and, secondly, to give tho
Northwestern company ssntrol Of the pol
icy Of The Omaha company. This view il
sustained by the selection Of Northwestern
ofheials TO be general ofaes1s Of the Omaha
company.
10 much talked Of - likely - fellow, but
that cannot b early brought abouA and
IL would probably b. necessary to main.
tain the separate existence Of tho Omaha
company for the sake Of its contracts, ito
titles to property, ito grants and it, charter
privileges. Besides, il nay 10 thought
Al L. A NJ 4
ing over the most Of it, roadway 10 no
way related to The Northwestern system,
but requires . separate Management
and possibly an Independent policy.
Yet there is one element in the
situation which will bear strongly in IA
YER Of consolidation Whenever tho large
holders Of Omaha securities shall want to
sell them or make q big turn. in Wall
street. That influence 10 in the fact that
Omaha securities colld Be considerably
advanced in value without much loss on
Northwestern stock or bonds by eonsolids-
ton, or merging the two companies int
one. To st. Paul and Minnesota, however,
this 10 not question Of great importance.
All the advantages We would have from
consolidation seem likely to be gained
from the present relations of the two COM
paniss, and the friendship Of either or both
organizations is assured TO us by our emil
nsnt ability to pay for it, if not by our
ability to retaliate il injured.
oIF1onRs og THl COMPANY.
The official headquarters of this company
il established in st. Paul. The officers are
as follows: President, Marvin Hughitt, of
Chicago; assistant president, z. w. Winter,
Of ST. Paul; vice president, assistant Sec
ostary and treasurer, II. L. Sykes, New
York; assistant treasurer, 8. O. Howe, New
York; secretary, g. W. Porter, Hudson,
Wis; auditor, II. A. Gray, st. Paul. Di-
rectors-W. H. Vanderbilt, Cornelius Van
derbilt, Augustus Schell and 81. NICK.
Twomblsy, of New York; Albert Keep,
Chicago; Jno. G. Spooner, Hudson; Mar
vim Hughitt, Chicago; II. L. Sykes, David
Bows and R. P. Flower, of New York; Phi
letus Sawyer, Oshkosh. Wis; w. D. Wash
burn, Minneapolis, and A. Il. Wilder, St.
Paul The directors who recently retired
in favor of Messrs. Vanderbilt, Keep
and others, we're h r. Bishop,
St Paul; j NJ. Fiske, New York; Il. I.
Welles, Minneapolis; R. R Cable, Rock
Island; E. F. Drake, st. Paul; Ii. II. Por-
ter, Chicago; BENZ. Brewster, New York;
and Daniel Kountz, New York.
The chiefs of operating departments, all
located at st. Psul, arc as follows: Cen
eral superintendent, c. F. Hatch; chief en-
ginesr, Charles W. Johnson; general traffic
manager, J. 81. Hiland; assistant general
traffic manager, w. H. Trussdell; general
agent of the lumber line, r. T. Flournoy;
general passover and ticket agent, T. ".
Teasdale; general purchasing agent, W. b.
8. Wright; local treasurer, George A. Ham
ilton; superintendent Of telegraph service,
81. Q. Hope.
MINNESOTA CRNTRAI