New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-01-06
MR.. WIZARDS SUCCESSOR.
NO ONE YET CHOsEY-THE CANDIDATES.
TIE EX-PREsIDENT's HEALTH MPHoVING-Ak'
oAKEs's AVAILABILITY.

TIE Ex-PEEsIDENT's HEALTH MPEOVING-Nh'
oAKEs's AVAILABILITY.
Henry Willard, who resigned the presidency OF
the Northern Pacific Railroad Company on frhay'
| was reported TO be much improved in health yes
| terday One of his intimate friends, who saw him
| in The morning said that he had appeared more
| natural than at any sine for several days. MI.
Willard slept well Friday night for the first time
in two weeks. He appeared TO have reGained IRE
and courage in the morning when his friend called
| TO see him.
Horace White, one of the two trustees to whom
Mr.. Willard has convey his city property to Sc
cure his liability To the Oregon Railway ana
Navigation Company, with the proylso
that anv excess above this debt
should be paid to his wife, said yesterday Mr..
Wizards Indebtedness to the company IS about
1911 600, and is the balance Of account extending
over the entire period Of his connection with IT, III
was not unusual for him to step across the hall ana
borrow money for the Oregon and 1ranscontinental
Company when it happened to need 1t; but III
every instance he ordered the loan TO he charged TO
his personal account. Sometimes the balance was
in his favor and sometimes IN ours Inc present
debt is the balance of this long account. lie mas
placed the Madison-avc. property III the hands OF
Mr.. EHdicott and myself as trustees simply TO pro-
tcct this debt
within anv specified time. l suppose that
we shall sell it finally but we are under
no restrictions in regard to it. The
mortgage on it amounts TO $4,000 but the house
,self probably cost half million. The original
mortgage was for $3.50, 900 but the reccnttranSier
to Mr. Holmes and Mr.. Adams, who assumed their
part of the mortgage on the whole property, re-
duced Mr. Wizards liability to $lG7O0O. The
house and land, together with the lots in tho rear
of it. may be worth $l000,000.'
''Uow soon will Mr. Willard remove from the
house :"
Not before Spring think" Mr.. White replied.
His house at Dobbs Ferry is practically unlnhaD-
liable during the winter season, and therefore, lie
will probably remain where he is until he can go
there There is no immediate necessity Tor MIN
10 leave his present residence. OF course, II he
should pay his obi cation 10 the company he
might revoke at any time the trust deed. do not
think it possible that his affairs can be arranged 50
as TO enable him TO redeem the property. The house
at Dobbs Ferry is not incumbcred by mortgage. 1t
is in his wifes name having been given to herwhen
Mr., Willard was certainly orth several Millions
successor 10 Mr.. Willard president OF the
Northern Pacific Railroad has not yet been chosen.
1t is doubtful if the special committee 10 which The
consideration of the matter vas intrusted viii re-
mort before the adjourned meeting on January II.
ce-Prcsidcut OakcS has been talked about Tor the
office and il is understood that many of the d!rec-
tors are in favor Of his promotion. They wish hun;
however to remain ia his present POSITION ana
10 add to thc duties of yccprcsident those of gem
cral manager. / is expected that he will soon re-
move 10 II. Paul to carry into effect the known
wishes of the board. The Chicl names mentioned III
connection with the presidency are those oi John
sherman and William Window, eX-sccTtarleS 81
the Treasury, and August Belmont. strenuous
efforts 10 persuade Mir. Belmont 10 take the oiiice,
even temporarily, have recently been made. lie has
refused 10 accept the responsibility under any CIR
culngtauccs lie Is understood to have said. in re-
nIy 10 he offer that be would not take the position
Tor either thirty days thirty mi utes. Pcrp2nt
Morgan, Of Drexc. Morgan " Co., and John ".
Ellis recently of NnslOw, Lanirr Co.
wero unable to chance his decision on this subject
If we could cut Cakes IN two friend OF me
road said Yesterday, 80 that Onc-hait OF nm cOdi9
he at ST. Paul and the other half here, there would
be no difficulty in choosI g new president
Rufus Hatch said. Just as he was gong INTO the
cou!pauy's office My candidate are Mr. Billings
or Eicc-Presidcnt Harris, Of the Erie Road one Of
them Is the man the Northern Pacific really wants.