New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-10-19
WILLARD FORCES BEATEN.
, REVOLUTION IN TIE NORTHERN PACIFIC
RAILROAD.
COMPLETE Success OF THE BELMoNTlVES
covuITrEE OF sToCKnOLDEIS-ONLY ONE

coNuITTEE OF STOCKnOLDEES-ONLf ONE
TICKET TO BE VOTED UPON TO-DAY.
.. ore will be only ticket presented AT the
,oea.inc of the stockholders Of the Northern IA
cidc Railroad to-day. 1t will be the one prepared
NV the Belmont-Ives committee of independent
stockholders which mas been nghting the '""''
influence in the present management. 1he suooe'S
~ the movement which owes its inspiration 10 'ie
ycor and interchangeable work of Brayton Ives preSi
dent Of the Western National Bank. wheh an
nounced in Wall Street yesterday was receiNeu VIZ,
hearty rejoicngs Experienced brokers ueciaieu
that the revolution. accomplished In spite vi ''ie
usual apathy OF shareholders and the advantages
nossessed by the party intrenched in power, WAS
practically UNIQUE in railroad annals III Is peiieNeu
that the example will be most beneficial upon ran
road interests. revving the hope that fa'''o"'
management may be checked when its excesses
have proved detrimental TO the owners an" e'-
couraging the opposition in other companies u re-
Moved efforts to call delinquent trustees 10 ac-
count The sentiment of the Street was Pio'"p'''
expressed, when the news was received ol 'ie SUI
cess of the Belmont-Ives party by an advance IN
Northern Pacific preferred stock Oh "a pei 0'"''
The companys bonds also were hlsher'
The Relmont-Ives committee has received proxies
upon nearly 10000 shares. The total number OF
shares voted at the last election. when was III io"'
$4,000 shares. The largest nuniper Vi nii M
When the success of the committee was assured
DIR. S'emens. the representative Oh ,ne md
named August Rutten. of Rutten q Bonn, as de
interests Having reached this satisfactory ar
ransement with DR.. Semens: the Belmont-ives
party was willing TO accept William l-anman Buli,
Of Edward Sweet & Co. and Charles l.. barney
as additional representatives of the foreign inter
ests These two men are the only members OF the
present Board of Directors OF the Northern IA
cfc who will be upon the new board.
In making uD the new ticket the Belmont-lVes
Committee decided to include Isaac W: Anderson
and Wilbur F. Sanders representatives OF the
local interests upon the line of the road. Mr.. An
derson is an influential citizen of Tacoma. Wash,
who Is connected with many banks and trust com
panies of that city. Mir Sanders is citizen of
Helena Mont, formerly United states Sena-
TOR from that state and is lawyer OF high stand
ing and popularity Robert Harris anotner pro-
posed director was at time president of the
Northern Pacific. Johnston Livingston, another of
the new members. formerly director and is
n large holder of stock and securities. The other
men on the ticket well-known bankers or capt.
talists The ticket represents the harmonizng OF
stock and bondholding interests, and the new board.
by it's applications. is expected to facilitate sue
cessful reorganization. The Board of Directors of
the Northern Pacific yesterday approved the opposi
ton ticket as the representatives OF majority of
the stockholders.
The new board will be follows: W. An
derson. August Belmont. Charles r. Barney. Will
lam l.. Bull. J. Horace Harding. of c. ID. Buney x
Co. of Philadelphia; Robert Harris Marceus
Hartley. of Hartley & Graham: Brayton Ives.
Johnston Livingston. Donald Mackay. of Nermye
& Co, August Rutten, Wilbur +. Sanders and VIM
ihrOD Smith.