Lewiston teller. [volume] (Lewiston, North Idaho) 1878-1900, 1889-06-27
- AEW.~E MsDAEEO TERRITORY.
THE GREAT riAGWATri CGT
FROETED By a DIPLOMAT.

~ lNSSl, HHita nave Uecn hitherto
outlined in the telesraphjc dispatches to
the RerieU.
The Oregon & Trlnscontiaeutal and
Oregon Railway 4 Navigation Company
election, which occurred yesterday, art
to be considered in the light Of results
AMI they are satisfactory. 1t was not
a victory for Henry Willard it was no,
victory for Elijah Smith. 1t was d
recognition Of the claims anl rights Of
all parties n interest it was complete
victory for Portland
True, Elijah Smith will not be re
elected president Of the O II. K n. Co
Neither will Henry Willard 1t anyone
came out ahead in the contest it wa,
| Elijah Smith He was very po,en,
factor in the situation and he made
demands that Mr. Willard conceded. II
short, Mr.. Willard yielded every point
that the board of trade committee. who
visited New York last year, dcmar dcd
Mr.. Edmund Smith of Philad, lphia
formerly yice-president Of the Philadel
phia road, viii be asked to becom,
president of the Oregon Railway &
Navigation Company. 1t is understood
that he will be elected and that lie will
! conceut to serve.
The mcst favorable feature of thu
Oregon Railway 4 Navigation election
was that the seven Portland director.
were elected uncondltionally and wer,
instructed to push the Spokane Falls and
Occur d 'Alene extensions.
HOPING AGAINST HOPE.
The Union Pacific representatives
General Dodge and G. NJ. Lane, did not
know until they had conferred with
Elijah Smith that Willard had control of
the Oregon x Transcontinental company
at least they did not confess their defeat
aud they held out with the hope tha,
something would turn up that would
shape matters in their favor. They
came here in pursuance to an agreemeu,
with Willard, according to the terms Of
which the Oregon Railway & Navigation
company was to have compromise
boaad of directors. Elijah Smith wa.
dissatisfied with this arrangement be
cause the directory contained neither the
lame of himself nor bis brother Prospe,
w. Smith. When the matter was tinall,
adjusted, Prosper WIS name was sub
stituted on the proposed compromis,
board for the name of Frederick P
Olcott of New Yo,k.
Saturday evening Willard sued out an
injunction in Judge Searn's cour, .c
compel Elijah Smith, as president of the
Oregon Railway & Navigation Company
to receive and count the the shares OF
the Oregon Railway Il Navigation stock
held by the Oregon Il Transcontinental
company, and to be voted by tha,
company in the Oregon Railway and
Navigation election. Willard maintained
that the holding Of this stock by the
Oregon aud Transcantinental company
was legal and that he had right to vote
WILLARD wEAKENs.
This action did not disturb Mr.
Smith one bit. Instead OF fleeing from
the enemy be made preparations to stand
him Oft. He got ready to file an auswe,
to Wizards complaint, and he would have
petltloned the court not only to disallou
Mr.. Wizards application for an ipjuuc.
ton, but to restrain Willard from voting
the Oregon and TraLscontineuta holdings
OF Oregon Railway and Navigation stock
on the ground that the Oregon aud
Transcontinental is not legitimate cor
poration. He feared that contest ia
the courts would have resulted disastrous
ly to the Oregon and Transcontineu,al
and meeting Of the parties at inte1es,
was proposed.
The meeting was held Sunday night
and the city clock was tolling yesterday
morning when an agreement was reached
Those present were Henry Willard, Of
the Oregon and Transcontinental com.
pauy; General G.. NJ. Dodge aud G. NJ.
Lane, representing the Union Pacific,
and Elijah Smith, representing the o.
Il. Il N. Co. Mr.. Smith, as has been
stated, was 6rm in his demands, and
Willard finally acceded to them. His
accessions averted long seige Of litisa-
ton, for his application for an injunction
would have been only the first move.
The result is very satisfactory to Port.
land, aud viii! be equally satisfactory to
tho general interests Of the Northwest.
Willard agreed to sell the o. and T.'s
holdings in the .. r. and N. Co., at the