Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1885-09-25

The following vas Q special telegram
| 20 the Sc. Pail Pso1esr Pr.xs.
NV fozx, Sspt. 1.-The annual
nesting Of the stockholders Of the
northern Psciee today, tho1eh nos very
larRsiy attended. vss parsieipassd Ia BY
9 uunnsf OF Large capitalists, tnel0din1
=. r Aor9an- Elijah smith, Frederick
Billings, Brayton Ives. of Nev YORK. D.
NJ ssets, Of Portlssd, Or J. G. Bui-
ltt. q. 5. Fox and G. B. Wright, of
Philadelphia. President Harris read
the ANIMAL report. and called Colonel
SWEET 20 the chair. Isllen were sp
pointed and the vote for directors sas
a. once proceeded with The enly bon-
ness presented Vas the annual report
and resolution offered by Mr.. Morgan
lnssructtne the incoming board not to
incur any floating des, in the construc-
ton of any new road or roads. The
resolution vas adopted. The resolution
does not mean that the Case .de division
vii net Be baiit, bat that the company
viii not run into deb; IN its eonstruc-
ton. The yetinR proceeded qaiesiy
and without the slightest interruption.
Ihe expected Injunction to prevsnt
ksssrs. Morgan and Ives from voting
tbs Oregon and Transeontineatal stock
was not served President Smith. Of the
latter company Applied 10 two judges 10
this CITY, Barrett and Dsnohue, for
toe Injunction, bat they refused to
grant u. The stock in question amount
cd to 10000 shares, ami it was voted
regularly. Mr.. Morgan voted A,O
shares, Mr.. Ives 5000. President Smith
~ sl -
tors committee 5000. c. b. Wright
all voted for the old Board. except by
Mr.. Morgan, who scratched the name of
the representative of the Oregon Trans
continental In the Northern Pacific. The
did Board was unanimously elected,
and the present officers will all be re-
elected. The teliers cannot make the
offioial returns of the vote until tomor-
row. The Oregon lease vas not referred
20, except 10 q casual say BY President
Harris, Who sail il vas not time yet to
take any action upon it. Thus ended
peaoeabiy and quietly what promised
TO be a contest for the control of the
Northern Pacific. The oontendine par
Billings on one side and q. b. Wright
y
bone Of contention apparently vas the
Lease Of the Oregon Navigation Com
peny. bat it was really q fight between
the representatives Of tie old Willard
interests and tnOse of the Noathcrn Pa
eific proper.
Mr.. Smith 10 greatly interested In the
Oregon Navigation and the Oregon
Transcontinental, and he 10 bitterly op
posed to the building Of the Cascade
division. which 10 part of the original
line of the Northern Pacific, but which
will damage the Oregon Navigation.
The lease of the latter read by the
Northern Pacific would remove this
difficulty, bat the antaeonisM Of Mr..
Wright has prevented this. There was
but one way left to accomplish this end,
and that was to get footheid In the
Northern Pacific directory. This Pres
ident Smith and Director Billings de-
termined to do, and in the election to-
day they were defeated. The Oregon
Transcontinenta member of the North
ern Pacific was not voted for today by
Mr.. Morgan, because of the action Of
that oompany's directors yesterday in
passing resolution directing President
smith to vote the hypothecated stock.
As 10 well known, the voting power of
this stock was placed in the hands Of
the three trustees Morgan, Ives and
Endioott-and every note Of the CON-
pany, on which Northern Pacific stocks
Is hypotheoated. contains this provis-
ion. The Green Trapsoontineatsl
board endeavored to resoind that part
Of the contract by these resolutions.
and Mr.. Morgan rebaked them by re-
fusing to vote for three representatives.
II President Smith had voted the stock
he would have gone into the Northern
Pacific board himself. 1t was thought
that he would have been able to defeat
the building of the Cascade division.