The Mineral argus., 1883-11-15
GEN. HAUPr RESIGNS.

-
His Retirement From the Manage
ment of the Northern Pacific Raj
ROAD and the Causes.
From the Pioneer Press, I'd.
For some months past rumors have been
current that there were to be radical changa|
in the operative department Of the Northern
Pacific. Yesterday the first and most impor
ant Of the changes we're made. II was ths
retirement of Herman HAupt, general man
ager, who on Oct 20 rendered to Vice Pres-
dent Cakes his resignation. In his letter II
resignation Mr.. Haupt assigns as his cause IA
retirement an inability TO conduct the road IN d
manner ereditable to himself aud satisfactou
to the company under the restrictions placed
upon him by the vice president by order Of tho
board Of directors. The change went ind
effect yesterday, and will be promulgated tl
dav by the issuancs o. the following circular
dated Nov. 1, and siguod by Vice Presiden.
Cakes:
Herman Haupt. general manager, having severed
his connection with the Northern Pacific RAJ rOA
companv. the undersigned. IN additi1nt 70 hls duiid
as yice-r president. will Tor the present also assuma
tire du'e, OF general manacrr The correspondent
hereto annexed will explain the situation
The correspondence referred to includes M
Hauut's letter Of resignation aud Mr.. Oaksl
letter Of acceptance in reply thereto. NJ
Hauut's letter. dated Oct 20, is addressed d
Yics-Presideut Cakes, and Is a. follows;
Ihave received from you Instructions 70 curt
EXPENSES Ia every department., 20 DISCONTINUE WQ-d
10 progress and discharge employees who ha7I
served he c1mranr eh-i-nfIv. Tie rss-ri--i1-l
that llve been uItcel upon the general man11a1
are Of such a uatur- that ] cannot see how o. Is uei
s.aIa % continue IN the management ard ssc1u
results that viii Be at the SANE time cred!ta0ls
uyself aul satisfactory 20 the stocSho ders A
you propose % devote a considerable portion I
YOU tine. PERSONALITY, % tho directo on Of op-1i
trus, 10 Is clearly unnecessary o retain the ri
vices Of q general maua-er i1 addition, and tlers1
fore prefer % sever ms connection with the clmI
pauy. 81 lect 70 Tie couiii'ous OF the ny.-ysaf coo
tracs ulder which assumed charge Do ISL.
1 Nj. Cakes reply Is dated Oct 80 Il Is q
follows:
Ihave received YOUR c1mmunfcaHon Of Der. eI
The retrenchmeuts ordered By tie boart Cf x
r-ct1rs are 10 lcubr extremely ralca. but III
are necessary. and II your plans for the inpr1Vs
meut All protection OF the property o. The e11'
pauv, AMI the hettermeur Of the condition of 4
employees, cannot be Immediately carried into q
I f-ct. no Que can regret the tcr more than mFsel
Y8u have certainly ia1ored z~salous.Y aud ilrsl
I gently TO advance the interests you represent 1
is frue that / expect - vics president, 20 derc
much time % the supervision o. op~rauons pmi
socially: and it Is aso uus tnaE ~ view or thlsia 1
] The necessity for your couUnuance As general uE|
ugsr will be less imperative. Your resignation
tler-fors accepted, 60 take effect NOV l prlNmI
ald the conditions OF the contract made win n
tn lsS1 viii he complied With
Mr. Hauut was appointed general manager 4
April, 1851, succeeding H T. Sargent va
then retired Mr. Haupt AZ the time Of biz al
continent made a dve-years' contract with a
company. The contract was a binding one, I
BY it storms Mr. Hauut's services could not !
dispensed with, without his receiving paymea
for the full term Of Office MS contract calls
for The sum fixed as salarv was SI5 ID
annum, and il is to this stipulation in the eua
tract that Mr. Haupt makes reference IN d
letter Of resignation.