Butte semi-weekly miner. [volume] (Butte, Mont.) 1886-1890, 1889-06-19
PRICE, v Es Fs
WILLARD ON Top AGA
BUT HE rHAs Il <H4RD, FIGHT, AND
MAKES SOME CONCESSIONS.

A Big pay for Northwestern Railroads at
Portland, Wizards y II 900
Shares of Stock Outvotes the eompeti-
tors-The Combinations, and what They
are Striving For.
PORTLAND, Ore, June 1.-THE annual
| elections OF the Oregon & Transcontinentaf
panies was held to-day. Willard got away
with the former and compromise was
| effected whereby the latter will be managed
| as a part OF the Union Pacific system,
Northern Pacific to have nothing to do
with it. ga
At the o. & 7. election tue Willard party.
voted 217 900 shares aud the Union Pacific
and G. NJ. Lane and Elijah Smith, repre-
sentatives OF the 0. R. & n, and the Hon.
Henry W. Corbett, representing the Port.
land interest, voted altogether 159, 900
shares.
Appended is the new directory: Henry
Willard, H. Abbott, Chas. L. Colby, Joseph
7. Decker: Colgate Hoyt. Charles H. Robes.
| G. A. Spofford, and Hector II. Tyndale of
New York; s. G. Fulton, N. 6. Hall, G. Fl.
Prescott, Joseph Simon, Paul Schulze,
Geo. H. Williams. OF Portland. The di.
rectors reelected the old officers.
IN THE o. R. & N. ELECTION
Willard voted 152 900 shares The follow
ing ticket, agreed upon by Willard and Gen.
erai Dodge, representing the Union Pacific.
was elected: Chas. B. Fosdick, V. Num-
ford Moore, P. W. Smith and VIM. P. st.
John of New York; Henry B. Reed of Balti-
more; Edmund Smith OF Philadelphia, and
H. w. Corbett. Henry Failing, W. 8. Ladd,
c. n. Lewis, VIM. Macintosh, John Nc
Cracken and W. Gibson.
Saturday night Willard applied for an in
junction to compel Smith, president OF the
o. r. & N. Co. to count the Oregon & Trans
Continental holding in that company at
0. r. & N. election. Smith made prepara-
tions to ask for an order restraining Willard
from voting his o. & T. holdings. The two
parties came together and held a confer.
ence until L O'Clock this morning. Willard
agreed to dispose of his Trans Continental
holdings in the o. r. & N. Co.. the object
being to dispose of them as widely as pos.
sible.
THE ROADS NORTH OF SNAKE RIVER,
which have been among the chief objects OF
contention, are to be taken when completed
into the o. r. & N. system, and will be op-
Grated separate from it. This will give
Portland direct route to the Ceur d'Alene
mine region and the other line to Spokane
Falls.
The agreements are based on the condi-
tion that the lease of the o. r, & N. to the
Oregon Short Line and Union Pacific holds
good and all lines are to be operated as
one, the Northern Pacific to have nothing
to do with it. 1t is further agreed that the
name of Prosper W. Smith, Elijah g brother,
be substituted for Frederick 81. Olcott OF
New York on the o. r. & N. directory. The
understanding is that Edmund Smith of
Philadelphia, formerly vice president OF the
Pennsylvania railroad, is to be president OF
the O. R. & N. Co.
ELECTIONS
The new Oregon & Transcontinental
met, this afternoon, and decided to absn-
don the proposition to issue ten millions
CT preferred stock.
At the Oregon Improvement meeting the
old directors were reelected.
The Oregon Railway & Extension Com
pany elected the following directors: Henry
Failing, W. c. Adolph, W. H. Corbett and
c. H. Lewis.
The NORTHERN Pacific Terminal Company
elected Henry Failing, C. H. Lewis, G. A.
DoIph. W, II. Holcomb, Paul SchulEe,
Chas. }. Smith, Robert Harris, r. KoehIer
and H. w. Corbett.
Willard left for the east via the Sound
and Yellowstone Park, this afternoon. He
declined to talk about the election.