, 1883-12-22

NV YORK, Dec. 1S.-A reporter called
to-day upon 3 large stockholder OF the
Nrrtbern Pacific who is well known. SAID
he: There hiss long be.n great dissa;:sfac-
tioa over the cor iitioa OF sfi airs 81 lie VII
lard companies. Since the extent OF the IN
debiedness OF the Oregon and TransconIi-
mental Company has not been developed,
this feeling has increased. and It Was deter
mined that some change must be made at
once. Was his policy ever so sagacious the
suspicion which mas become attached TO his
actions renders him alike unto Jonah, who
must be thrown overheard or the ship viii
sink For the present, but only rominally,
Frederick Billings has resigned from the Or
eson and Transcon.inentsl directory, and
will take charge Of the Northern Pacific
Railroad again. He abandoned one TO save
the other. His stock Was sold last week.
and was among the long stock when unload
ed. He Was disguised with the way the
blind pool was conducted, and disagreed
with his colleagues on matters of sentiment
as well. Willard is probably a millionaire,
but no more When be loses the Northern
Pacific Presidency his revenues will be de
creased all Of $50. 600 a Year. His two big
houses viii be too .big for him. There Is .
large mortgage on the ps!sce now"
TALK on The STREET.
The opisien on the street. Is that the
change is the best thing which could occur
for the company interests, and Billings. be
ing tie first President, has a better knowl-
edge of this system of roads than any other
man living. He is several times a million
aire, and the public has confidence IN HIM.
His policy will be conservative one, and
he will favor retrenchment. 'The change
can't be for the worse in any event, ;" SAID a
prominent operator.
BROKER SPEAKS.
John B. Hillard, . well known broker,
said '.It Is such n posi- non as Wander.
bilt was placed in when he resigned the
presidency of the New York Central. When
an officer SEES that the sock Of his company
is booming and the stockholders are making
money, it Is for MS interest TO remain IN the
company perhaps. When these stocks be-
gin to decline and only one officer is making
any money out of the concern. there is nat
urally dissatisfaction President Willard Is
trying to do Just as Vanderbilt did. Should
Willard also resign the presidency OF the
Northera Pacific, said the broker, che will
still be worth $4,000 600, while many of
the men who have been clamoring for his
retirement from active control Of the road
he built, will be compelled to begin life
anew The great trouble with Willard Is his
total indifference to what men about town
say or think. He is cold in his nature and
loves money. He started out in lie to be-
c1me millionaire, and he has amassed so
much wealth that he is in position to laugh
at and defy his enemies"
FROM ONE INTERESTED.
"What We want" said man interested
in that road, "is a management that will re-
gai the confidence of the people. We want
the read managed economically and at the
same time sagaciously. Fourth Of July cole
brations are all right in their place, but they
don't help along a great railroad enter
prise The public has become Suspicious
OF Northern Pacific securities. and IN order
to rest,re confidence there must be a change
OF policy and change OF management"