St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-11-21
The Rockefellers Buy 100000
Shares Of Northern Pacific
Preferred Stock.
Speculation Is Rife as to
Whether Willard Can Be
OuSted.
President Adams, OF the I'M
ion Pacific, Is Ready to
Resign.
James J. Hill Has No Earthly
Use for Traffic Man
ayers.

NEW YORK, Nov. 2O.-A statement
that the Rockefeller interests and their
associates. generally known as the
Standard Oil party. had increased their
holdings of Northern Pacific preferred
by 100000 shares. has caused much dis
cussion in regard to Wizards interest
i'll the property. The capital stock of
the Northern Pacific company amounts
to $50, 143, 1913, or SCI. 431 shares. Of this
the North American company held 210,-
l5l shares of common stock and 127, 430
share of the preferred stock. These
holdings, with the large block of stock
held by Z. F. Wrigh t. of Philadelphia,
controlled the property, and as Willard
generally voted ON the North Ameri-
can. OF as it was in other years. the
oregon TransconJinental proxies, and
large amount Of proxies from Ger
man holders, he was the most
powerful factor at the annual election.
1t has been stated, however, that Will
ard was aided in obtaining control of
the Oregon Transcon,inental company
by the Standard Oil party, aud that
Colgate Hoyt represented the Rookie
Teller interests in both the Northern
Pacific and North American companies.
At the elections of the Northern Pacific
Tor two years preceding the one just
held, Willard was prominent in all the
arrangements. He gave early informal
ton in regard TO the ticket to be voted
by those in control, and showed his in
terest in many other ways. He was alb
sent in Europe on Oct. 16, when the
last meeting was held, and
No Interest was shown
in the affairs of the company by his
representative here-C. B. Wright was
then the ruling spirit and was appar-
emily in control. Willard was reelected
director, and so were all the mem
beers of the board who had been
working In harmony with him.
What is more important is
that the board of directors then elected
serve for three years, the term having
been extefded to that period at a meet
ing held on June 10. This leaves the
present board in control until October
Is, 1885. None of the Rockefellers
could be seen to-day in regard to the re-
of Northern Pacific preferred. Presi-
dent Cakes said: 81 confidently believe
that the ROckefellerS and their assO-
Ciates have lately added largely to their
holdings of stocks and bonds of the
Northern Pacific company" He stated
positively that there was no truth in the
report that Willard would retire or be
forced out of the company. Other par
ties identified with both interests say
that the 127 900 shares of preferred stock
held by the North Ameri ,an COM
pany were hypothecated to secure
loans, were sold by the credit
ors and then bought in by the
Rockefellers. As the Rockefellers are
said to have been heavily interested in
North American the control cannot be
said to have changed hands. The Off
GERS of the North American company
admit that some of its securities have
been sold, but they decline to state how
many have been thrown over or what
they consisted of. There is possible
ity that the Rockefellers may have be-
come hostile to Willard on account of
recent developments in the market, but
they are the only ones who can speak
in that matter and they refuse to be in
terviewed. The regular monthly meet
ing of the Northern Pacific was held
to-day, but nothing TRANSFERRED to indi-
cate any change. No designations were
received and the only business trans
acted was the declaration of the regu-
lar quarterly dividend of per cent.