Los Angeles daily herald., 1889-06-18
WILLARD ON TOP.
Result of Railroad Elections
in Portland.
A RE- KING AGAIN ENTHRONED.
A Compromise by Which the q. h. u
N. Co. is Lost to the North-
ern Pacific Road.
Assoc lated Press DISPATCHES to the HERALD

Associated Press Dispatches to the HERALD,
PORTLAND, Ore, June 1.-THE annua
elections of the Oregon and Transconti
mental and the Oregon Railway and Nav
igation Company were held today. Vii
lard scored a success with the former
and a compromise wac effected whereby
the latter will be managed as part of the
Union Pacific system, the Northern Pa
cific to have nothing to do with it. AT
the Oregon ana Transcontinental elec-
ton, the Willard party voted 217 900, and
the Union Pacific interest, repre-
sented by General Dodge and G. NJ.
Lane, and Elijah Smith representing the
Oregon Railway and Navigation, and
Henry W. Corbett representing the Port
land interest, voted altogether 159, 900
shares.
Appendedis is the new directory: Henry
Willard, E. H. Abbott, Charles L. Colby,
Joseph S. Decker, Colgate Hoyt, Charles
III. Ropes, G. A. Spofford and Hector II.
Tyndale, of New York; 7. H. Bartlett,
c. B. Bellinger, A. D. Charlton, S. G.
Fulton, M. 6. Hall, G. II. Prescott,
Joseph Simon, Paul Schultze and George
III. Williams, OF Portland. The directors
selected the old officers.
In the Oregon Railroad and Navigation
election Willard voted $4,000 shares.
The following, agreed upon by Willard
ana General Dodge, representing the
Union Pacific. we're elected Charles B.
Fosdyck, Y. MumiG.rd Moore, P. M.
Smith and William P. st. John,
of New York; Henry B. Reed, OF
Baltimore; Edmund Smith, OF
Philadelphia, and II. W. Corbett,
Henry Failing, w. S. Ladd, G. FL. Lewis,
VIM. Macintosh, John McCracken and |
w. Tibson. On Saturday night Willard |
applied for an injunction, in Judge |
Stearns' court, to compel Smith, as Pres |
ident of the Oregon Railroad and Navi- !
CATION Company, to count the Oregon |
and Transcontinental holdings in that |
company at the Oregon Railroad and
Navigation election. Smith made pre-
parations to ask for an order restraining
Willard from voting his Oregon and
Transcontinental holdings. The two par
ties came together and had a conference
until | O'Clock this morning. Willard
agreed to dispose of his Traneco:. slnental
holdings in the Oregon Railroad and
Navigation Company, his object being to |
disperse them as widely as possible. The |
roads north of the Snake river, which !
have been among the chief objects of
contention, are to be taken, when COM
pleted, into the Oregon Railway and |
Navigation system and will be operated
as part of it. This will give Portland a
direct line to the C9ur d'Alene mining
region, and another line to Spokane
Falls. These agreements are based on
the condition that the lease of the Oregon
Railway and Navigation to the Oregon
Short Line and Union Pacific holds good,
and all the lines will be operated as one,
the Northern Pacific to have nothing to
do with it. 1t was further agreed that |
the name OF Prosper w. Smith, Elijah's |
brother, be substituted for Frederick P.
Olcott, of New York, in the Oregon |
Railway and Navigation director
ate. The understanding is that
Edmund Smith, of Philadelphia,
formerly Vice. President of the Pennsyl- |
vania road, is to be President OF the Ore
gon Railway and Navigation Company. |
The new Oregon aud Transcontluental
Company met this afternoon and decided
to abandon the proposition to issue ten
million of preferred stock.
AT the oregon improvement Lheotihs
the old directors were reelected. The
Oregon Railway and Extension Company |
elected as directors, Henry Failing, Q. A.
Dolph, w. II. Holcotnb, IA. W. Corbett |
and s. H. Lewis. The Northern Pacific |
Terminal Company elected Henry Fail
ing, S. III. Lewis, G, A. Dolph, w. H. |
Hoicomb, Paul Schultze, Charles j Smith, |
Robert Harris, r. Koehler and H. w. |
Corbett. Il
Willard left for the East, via the Souhd
and Yellowstone Park this afternoon. He
declined to talk about the election.