Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1883-12-20
yILLAR0 TALK.
-. Rllllags Again ts be PresaAens
- the ysr1heru Pacl0e.

- Rllllngs Again ts be Prese0eDo
ee he NsFshers Paeloe.
uv Yosx, Dec. ia reporter called
=" ,non a large stock holder Of the
s,n Pacific, who is we'll known.
ss:s ~. "There has long been great
s;sntiGfsction over the condieion OF
ss.;,s Of all the Willard companies:
~ the extent Of the indebtedness OF
=. Ocscon 4 Tr4nscontlnental Compa-
Z. ~ seen developed. this feeling has
.s.ssd. and it vas determined some
49, muet b made at once. Was bis
~. .,er 4, saeacious the suspicion
~ become attached to his ac-
v .arasy him like unto Jonah, who
- ~ thrown overheard or the ship
m .;rL For the present. bat only
ms..ij, w Frederick Billings has re-
n.I e,nm the Oregon d Transc0nti.
ssi nssefory, and will take charge
sns.s ~. EcSthsrn Psei6c Railroad again.
81. ~, .doned one TO save the other.
~: n:. - .S - cold last week. and was
- ~ long stock then nDloaded.
- -. d;aousfed With the way the
800 vss conducted, and disa-
pssnSs Ix;sh III colleagues on matters of
.s;..sns as veil. Willard is probably
: m,lIiooaire, bat not more. Wnen he
- - Northern Pacific Presidency
- rsveuoes will be decreased all Of
1600)0 per year. His two big houses
x;i2hs too large for him then. There
4 ia,oe mortgage on the palace now"
TALK on TUE STREET.
Ths oosuion on the street is that the
ahenae b tho best thing which could
osonr fos the c0mpany's interests, and
Hliines, being ths first president. has a
49, knovledge Of this System OF
sssds than any other man living. He
= eeyeral times a millionaire, aud the
~rbiio has confidence in him. His
soiiey viii be q conservative one. and
- 1iIl favor rstrenchment. The
shenqe can't be for the worse in any
eycut," said prominent operator.
BaoKER SPEAKS.
lohu b. HilliaYd, a well-known bro
-. aid: II ID such a position a. Van
1sebiIt vas PLACED in when he resigned
Heueosideucy of the New York Ceo-
tol When An officer sees that the
6ooI of his company ia booming and
- aookhOlderS are making money, il
iefx his interest TO remain in the o0m-
~ perhaps. When these stocks be-
~ % decline and only one officer is
king any money ont Of tho concern,
80 10 naturally dissatisfaction
PIoddent Willard is trying TO do Just
~ Vanderbilt did. Should Willard
- reign the presidency of the North
- Pseifc," said the broker, I" 10 will
m b worth 100000, while many
& ~ men who have been clamOring
II bic retirement from active control
& ~ road he built will be compelled
= beein life anew. The great trouble
N Willard IL his total indifference to
Vhat mon about town say or think. He
beoid In his nature and loves money.
r sfaSted out in life to become a mil
1nAire, and he has amassod 80 much
voalth that he Ii in q position to lsu2h
= and defy bis enemies"
IRON ONE INTERESTED.
SWhat we want" said q man inter
ulsd in that read, il management
1T viii regain the confidence Of the
pople. We want the read managed
eeooemically, and at the Same time sa-
noioasly. Fourth Of July celebrations
n all right in their place, but they
dont hslp along q great railroad enter
rein. The public has become suspi-'
Gioas Of Northern Pacific securities, and
\ order 10 restore confidence there
nu4 b q change Of policy aud change
II management"
PRESS COMMENT.
The Tribune quotes his Secretary a.
myina that Billings loft the Board from
motives OF delicacy and because Of the
intimate relations between the company
end the Northern Pacific railroad. II IL
peobable that there will arise intricate
questions between the two companies,
ana Willard does not consider 1t proper
1Aat b should vote on both sides OF
them. / am sure that his personal in
teseot In both companies ia Just as large
= u ever has been, and his resignatiOn
b not at all an intimidation. He has
doood eat his interest In the stocks OF
bo1h companies.
The Herald says: Wall street was
treated TO real sensation yesterday In
~ resignation Of Willard. The result
q this change cannot be f0retold. nor
; tAs rise In prices that followed hy
t1Glf any disparaQement 10 Villard's
management Of his properties. The
pahlio should await further develop
nenls before rushing In and selling out.
TAe morals Of Wall street are still nu-
changed.
The Tribune says the changes would
hdieate in some particulars that there
~ difficulties OF which the public had
~ been advised, and yet the event
Dgoved that the time when there seemed
0ho no bottom was, ~ usual. the time
1t short speculators 10 be W0st wary.
Tho Times says: There hks bsen some
Glazp criticism Of villard's policy
lllossd By men whose financial interests
nave suffered greatly from the decline
= Northern Pacific seCuritiee. some ol
~ heaviest stock and b1ndholders Of
- road, il ID reported, have regarded
vi1A growing disooatent the dem0raiixa'
Ma Of their securities. Complaint has
eesa made that Willard has shown nc
elapoeition or capacity 10 stay tht
eeunvard tendency OF those stocks ant
bpnds.
Tho COM sse,viai Market Reporter says
! prominent operator, acquainted with
- inside history OF the Willard proper.
N, declares that Willard WAS given q 4
Dcooodeuted control In all his 6naneiA
tAnnctiona, and the board Of Director
vose not fully aware Of the actual coo'
1i13ou Of Affairs until the depreciation
& their property hAd become % whols
nle and oeri0us. Willard has manage,
eyogythinQ according 70 his own tast'
md judgment. ltia nov no question
at Ill bat that he will rcsign the presi
dency OF tho Northern Pacific 6efor
three months pass.
VINO TIE NEW MEN ARE.
Il vas stated at tho northern Pacifi
.elhoe t0dav thatvillard vas down town
% was certainly not At his ofloe. Wm
endicott, Jr., the new president OF tn
Oregon Tranecoutinenta Company, II
member Of the Boston dry goods hous'
= G. T. Hovey 4 Go. He 10 . directo
Z The Chicago. Burlington and Qsiuc.
nd. Elijah Smith, OF Boston. say
Nndioott is Al able 6nan0isf. and
IN not Of q speculative tur1 Of mind
QoolidQe. the newly made director o
- OreUm Transoontinental. has had
pmt deal Of expeEiencs In the AtohisoS
1epeka and Santa Fe, and tho ChtoaRt
oulinQton and Qdincy roads. and !
~ 10 bs q Ans man. Tho compan
~ that everything about the Ore0o
Eton1ooutinental Company will b
- ire and opsn 70 tho stockholdsrs
n y = n