The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1889-06-18
FINALLY SETTLED.
Trouble Between the Oregon Roads
Arranged at Last, Greatly to
Portland's Advantage.
Willard Gets Away With the Transcon-
tinentaI and a Compromise on
the Navigation Company.
Portland to Have a Direct Line 10 the
Cour d'Alenes and also To
Spokane Pals.

PORTLAND. Ore, June 1.-THE annual
election Of the Oregon & Transcontinental
and Oregon Railway * Navigation cOmpa-
MES were held to-day. Willard got away
with the former and a compromise was
effected whereby the latter will be man
aged as part of the Union Pacific, the
Northern Pacific to have nothing TO do
with il. At the Oregon & Transcontinental
election the Willard party voted 217,OOO
shares, and the Union Pacific interest, rep
resented by Gen. Dodge and G. NJ. Lane
and Elijah Smith, representing the Oregon
Railway & Navigation, ard Hon. Henry
w. COrbitt, representing the Portland in
terest, voted altogether 15e, 900 shares. The
following is the new directory: Henry
Willard, II. Abbott, Charles L. Colby.
Joseph ). Decker, Colgate Hoyt, Charles
H. Robes, ). A. SpoffOrd and Hector IL.
Ty ndrll, of New York; ;. q. Fulton, M.
e.. Hall, G. II. Prescott, Joseph Simon,
Paul Schulze, George r. Williams, OF
Portland. The directors reelected the old
officers.
In the Oregon Railway & Navigatian
election Willard voted 152, 600 shares The
following ticket, agreed upon by Willard
and Gen. Dodge, representing the Union
Mumford Moore, Il. w. Smith and Wm. u.
ST. John, of New York; Henry b. Reed, of
Baltimore; Edmund Smith, of Philadel
phia. and H. w. Corbitt, Henry Failing,
w s Ladd, G. IL. Lewis, VIM MHckin-
tOsh, John McCracken and w. Gibson
Saturday night Willard applied for an
injunction in Judge Stearn's court, 20 com
pei Smith, as president OF the oregon Rail
way Il Navigation Co, 10 count the Oregon
& franscontinental holdings in that com
pany at the Oregon Railway * Navigation
election. Smith made preparations 70 ask
for an order restraining Willard from voting
his Oregon q Transcontiuental Co. hold
ings. The two parties came together
and held conference until ] O'Clock this
morning. Willard agLeed 10 dispose of his
TranscOntinental holdings in the Oregon
Railway & Navigation CO., the object being
to dispose of them as widely as possible.
river, which have been among
the chief objects OF contention,
are TO be taken when completed into the
Oregon Railway 4 Navigation system,
aud will be operated as a part of it. This
will give Portland a direct line to the
CWur d Alene mining region and another
line 10 Spokane Falls. These agreements
are based on the condition that the lease OF
the Oregon Railway Il Navigation to the
Oregon Short Line and Union Pacific
holds good, and that all lines be operated
as one, the Northern Pacific TO have moth
ing 10 do with it. 1t was further agreed
that the name of Prosper w. Smith,
Elijah's brother, be substituted for Fred
erick p. OIcott, Of New York, on the Ore
goD Railway & Navigation directory. The
understanding is that Edmund Smith, of
Philadelphia, formerly vice president of
the Per nsylvania road, is u be president
of the Oregon Railway * Navigation COM
pany.
The new Oregon x TranscOntinental
met this afternoon and decided to abandon
the proposition to issue II, 900, 900 shares of
preferred stock.
At the Oregon Improvement meeting the
directors were reelected
The Oregon Railway & Extension com
pany elected the following directors;
Henry Failing, g. A. DOlph, W. II. Hol-
comb. II. w. COTbett, c. IL. Lewis.
The Northern Pacific Terminal company
elected Henry Failing, c. II. Lewis, G. A.
DOlph, w. ii. HOlcOmb, Paul Schulze,
Charles }. Smith, Robert Harris, X. Koch
Ter. II. w. Corbett.
Willard left for the east via he Sound
and Yellowstone Park this afternoon. he
declined TO talk about the election