New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-10-13
STOCKHOLDERS GROW WARM
PROGRESS OF TIE NORTHERN PACIFIC
CONTEST.

FOREIGN REPRESENTATIVES, OF BoNDHoLDERs
SEEKING SEPARATE INFLUENcH-lN-
cGEAsING SUPPORT TO THE BEL
MoNT-IvFs COMMITTEE.
| The contest over the election of the Northern
Pacific Railroad to be held next Thursday, seems
TO be still undetermined. and grows warmer as Inc
date approaches. II il difficult To forecast the IT,
suit at present. but there is evidence mat WAIT"
support has been extended to the beiEioh'-i'ea
committee in it's campaign to secure an ihue-
| penlent anti Willard board of directors humors
! Of a compromise made between the management
and the Belmont committee have been crcuia'eu'
but they are understood TO be without au'ho''.S
| The strength OF the support given 10 'he '''e
PENDENT stockholders H. said to be such as " ''"-
| firm, their resolution to make 'straightout con-
! test TO the end II may be true that th're nave
! been interviews between Dr. Semehs 'he repie
sentativc Of the Deutsche Bank Of Berlin, ana III
! Barth. who recently arrived here ana represent"
tiv.s of the Belmont committee, ana IL may "'
possible that the two interests VIII come 'ose'he''
/ put according TO what is said by some well-in-
/ formed houses in Wall Street there ~ reason "
| believe that the foreign representatives, and Henry
| WIZARD h,v. more intimate relations than was at
first sunnosed was the case These relations are
not considered I'm the street as llkeN l" co"'"'
| 70 the success OF any mission which the foregn
| representatives. may have.
II IS understood that Or SltinehS anu "iS ''''"N
are soliciting proxies and using efforts with the
representatives of London houses here TO secure az
much influence possible at the coming e''ct'o''.
1hcv do not profess To hold any stock or represent
any stockholders but they are acting IN behaii OF
about x0eoO0o consolidated bonds II u op''o"s
that any voice they could secure In the making o'
the nev board might be Of advantage TO their
boudhodlng clientage when reorganization au-s-
tons come up. Many stockholders on this account
are reluctant TO give support the foreign repre-
sentatives believing that their interests VIII De
safer in the hands of the committee rrpreseh''hs
the independent stockholders. and there Is STRONG
disposition make no commitments IN any utro-
ton which may be suspected of aihlation win
Mr. Willard or directors who were identihei WIN
the past management of the company
The intensity of the feeling aroused among the
stockholders of the Northern Pacihc opposed 10
the present management Is shown in the nuihei-
Gus letters the proxy committee Oh '"e
company's board of directors. denouncng III ''s"'
GUS language the past record OF the management
An indication OF their temper Is shown IN the ioi-
lowing letter sent to the proxy committee by
prominent lawyer in of the principal Interior
cities OF the State:
II ind on my table. after continuous profess
sOna engagement OF three weeks requiring my
presence in a neghboring city. your interesting
communications OF the 18th ult. postmarked the
18th. informing Of the imperative conditions
which induced you and your conferees l" SUNNI
o he appointment OF receivers IN Oruei 10 'oh-
serve all interests and protect the company prop
erty. and assuring that the board Is awe u
the duties now placed them etc. You nave
also inclosed "A list OF eleven names including your
own. AZ proper persons 10 be supported TOT ,ne
directory accompanied with the suggestion mat
You propose 10 present names for the remaining
members OF equal character and usefulness aii
nroxv | beg TO be excused. YOU have been In the
past altogether too familiar with the properties
In question To be intrlIsted with the further man
agement or control Of the corporate anairs ~ IL
doubtless true as you suggest. that the interests
of the stockholders will be- better served by Wisely
treating the present conditions than by nouilshihs
complaints Of the past. but II is equally true that
hose interests will not be- subserVed by relnstat-
ing the scoundres who have deliberately acquescea
Or assisted in despoiling the estate they were
chosen 10 protect and preserve, Your cnrohtety
in seeking reelection far exceeds that OF bahdItt
who after pundering their captves. heli them ioi
ransom They at least never betrayed thelr Uus,
And they would never recognize or harbor sneak
thieves within their domain snail SEM III!
proxy 10 the other committee.