Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1883-12-29
~aua RA1LeOAo TALA-
fcsrneer Press, Dec. lS.l


:. sagl sA'LssAs 'AIA'
frioossr Pres, Dec. ls.l
~aroEs AGAINST vrLLARD.
..,..ssphio announcement made
~ Nr. Willard had resigned
3 PrGidency of the OreRe n
= ..ntL and Oregon Raiiway
+ .sss;cn Companies created more
49, ~ any other event since
-..~-neut of the cOns7rnms-
RI s-;rertite agreement. Out
foa .ssS.m Pacific circles the
W = ssoeral that Mr.. Willard 9
I - IA forced. No one could
r. ..s.nd vhy he shonid r.i're rom
sn aloug has been c3ns'de1sa W,s. % sae
~ = FAR - TO severely cr'ticise
s .ssnent Of the road, while
s;S that his ambition was not
!. y - the Northern Pacific be-
OD 1850 transcontinental road
sessv Al il WAS TO put money
~ by dealing ia the stocks
n Among the railroad yisi-
- NJ YESTERDAY was Chicago
- Srofess~s to be among those
d "a the secrets Of the Willard
.1..ss HesosdinR to ms version OF
~. VlRnsd and Woerischofer,
i.sgr Wall street broker,
h. ..~scrt, and we're together in
= ~ movements in the New
~ Exchange. Woerish0fYer.
~ go Of the most Conspicu-
-e.afofs On Wall street. His
~ sesnmuIation of wealth have
-. ,sujd. About fifteen years
~ taksn into the old house Of
9ssfraa q CO. as clerk. By q
essiiestioa TO business, Woeri-
~ - became as successful q
..,s1sr A. we're bis employers. Ten
S..c with bat $1,000 as his capital,
.e.ss<2ed out for himself, and % sue
.sI ~ been his investment and
.ss1iens that today he II recksned
I.s.s1a kie millions. A year or SO ago
y. s.1sss6 - directory of the Oregon
.sss~ ~1inantal, With the directory
@fed in concert until about six
s1Sa -. when he organized q bear
sssne14 upon Northern Pacifics-
Ew yDoM THE DIRECTORY.
- upon being inforssed that
9Si1koGoe vas the iRauRurAtor OF
~ noVolneut, rose in his might and
Si1kea him. This resulted in his
1eqt from the directory ct the
2;f n1e1ioued. Willard, the reporters
1Gont continued. was very severe
2 fin, In fact, be was 20 much 20
n1oy we're of the opinion that his
5e - assumed, and that be was
nyina hispar These suspicious,
SI =. died out. The bear movement
Em ekoohsd, and everything moved
~ onooehly until the opening Of the
F5 1en Pacific. On the Monday pre-
5S . The departure Of the Willard
- PARTY from New York, Willard,
X 6oaeo gentleman continued, in
- ~ friends that there was sufh
- noney h the Northern Pacific
~ for the company TO declare
2D Of " on ~ preferred stock
= 01nnary LIT, and again on July /,
k Aetipg on this advice all Of Mr..
fb friends and colleagues bought
5y d Northern Pacific. After the
onists returned TO the metropolis
II friends, who. during his alb.
I'D invested heavily in Northern
again approached him upon the
"a story. Willard ID said TO have
ny retioent about the matter,
lid give no ono the desired in
tun. He neither denied nor cOr-
~ his former story. Shortly
! <0sz - = ~un<hnv hAap sun~pasuo,.k ~vaa
ND, apd behind IL was again felt
1o1 Of Woe s0ischofYer. Every one
61 b WAS not alone in the scheme,
~ some official Of the company
Gl1A him and directing his move
A investigation was act on
y nothinQ was revealed. Finally
~ - embering Mr.. Villard's
~ no0agonism to Woeroischofler in
- Uovement against Northern
- enllod 20 mind that fact, and
x 3 foV prominent Wall street op-
0 ~ names Of tho two were asso-
- tlRseher.
s 1nD1et1 usTRAD or 4 SURPLUS.
g(ly after this q statement Of the
IN RAoiAc affairs Was made, when
UUoo that there was q deficit in
ef Surplus In the treasury Of the
~. Tho friends Of Mr.. Willard,
- beon told the dividend story,
= md invested their all In the
~ company, became CON-
9 ~ Mr. Willard was looking
IL ~ own peraonal agorandixe-
No1of than 10 the interests Of the
~ Home went 10 far AZ to say
1n6 sold pretty much all his
T. top prices, and, while -
u1ee slowly but surely turned TO
Willard vas quietly pooketinR
gce dollars. The sum made BY
y he deal was, the Chicago Of
10tnoed, said to have been
when the st ckh0lders of
1tons Willard securities became
teose facts there Was 4 serious
eneoFed against Willard continu-
- had of the companies. His
1tnn vas demanded BY few. but
/ eeeht the value of the securi-
II h the better advanced by
~ matter quiet. Deep finan-
eqDeo were then on foot, and
.z wanted realized before Any
2l1G - 4r. Villard't dislodQe-
- take1. They thought that
- 9 4r. Villard's name the
Il = y b0latored up. Nov that
uoeeyed matters have been
e.ee!pd, the gentlemen quoted
loeed that they have no fur
44r. Willard. and decided 10
- dovn and out.
9m1ar oAKHn rNrRnvrHwED.
\ = Pysni6snt Oakes vas seen In HE
- elaimed TO have had NO In
- than . corroboration Of
~ lg1. Willard had reeiQped
! - known that this vas Mr..
1eenttoo for several months,
- nv no reason Why there
L ~ appgeAeusion regarding
= 4r. Willard Was suoceeded
e4a He had no reasen 10
ukVillard's withdrawal frem
"a Pacific. THIS interview
mA biz private secretary,
u yooeerdAy's Pieaeer Pysss.
! \ ~ mt know what 10 mako
Y uas not Authorised, and
. much staggered - any
- did not believe theee vas
altA h II. Tha reporter here
- faot that rumOe vaa
sesel montho ego that Mr..
1tmoelf had severed their
1e1oan. and that his peeosat
= Wes vas made il ~ intse-
~ Willard vsrty. This n.