Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1884-09-26
NORTHERN PACIFIC MATTERS.

Nrw YORK, Sept. i8.-rhe concession
made TO the Oregon & IranscOntInental
intsrest removed the last chance of any
talk at the meeting of the Northern Pa
cifc stockholders today, and no one had
ANYTHING TO say more than was abso-
lutely necessary. In fact, there was
nothing said beyond the reading of the
report and statement by President
Harris that there was no obligation
compellingthe company to use the Ore
Ron & Transcontinental as an uterine
diary In building its necessary branch
lines. The drift of comment was hardly
as favorable to the report AZ might have
been desired, for il was felt that the re-
port was too meagre and unsatisfactory.
II really tells very little that was not al
ready known, and outlines no poiicy,
and gives no hint of the relations OF the
company to the Oregon d Transcontl-
mental or the Oregon Railway d Navl'
CATION Company. The following III
rectors were elected for 1884: Frederick
Billings, Charles b. Wright, Robert
Harris. s. W. Ellis, A. lelment, j. L..
Stackpole, Benjamin L. Cheney, John
son Living ton, John Bullette, Il. r..
Cakes, X. G. Ralston, j. II. Hall and N.
p. Hallowell. Msssrs. Hall and Halo
we'll represented the Oregon d Trans
continental Company. There was no
opposition. 1t is certain that Mr.. MOI
gan resigned because the Directors re-
fused TO support him in making tue Or-
egon Navigation lease. Mr.. Barney
went out at his own wish. He has been
connected with the company from the
first, and was once President, but ne
has often expressed wish to withdraw
from active work. In the report even
the BALANCE sheet il given in very CON
densed form, and there is nothing TO
show what Auditors have been made to
the construction aud equipment fund
during the year. While the financial
showing is fully as satisfactory as ex-
pected, the paucity OF details WAS gen
orally commented upon.
PIONEER PRKss OPINION.
The Northern Pacific directors meet
ING in New York yesterday was love
feast. The emily rock OF otfense IN sight
was avoided by the election OF the Ore
pon Transcontinental candidates To the
directory. This was apparently done
wholly to keep the peace, as the Jealousy
cherished by the new management
against the Oregon TranscontinentaI
cropped out plainly enough IN the pro
oeedines relating To the Oregon Naviga'
ton lease. The status in the directory
will doubtless oontinue--what 1t has
been for some time past--one et armed
and suspicious neutrality. The new
directors, Messrs. Hall and Hallowell
may be expected to be even more vigi-
liant in the interests of the Oregon
Transcontinental and the financial syn
siicate than Mr.. Morgan, who Was sim
ply a financial agent. or Mr.. Barney
who has not been an energetic or infiu
ential director of late years. The re
port submitted to the directors seems
not wholly satisfactory 10 outside iti-
yestors and stockholders. Its showing
Is apparently favorable enough, with ~
increase OF earnings and liberal add
tions to the equipment. but II Is com
planned that il lacks detiniteness of de
tail, and does not add to the real pubht
information of the actual condition oi
the road.