The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-11-04
EXAMINING THE ROAD
German Bondh0lders Of the =.
2. Preparing to Reorganize.
a COMMITTEE VISITS THE CITY.
They Hope to ovsreems DiHcnities sna
Expect Good Tfmes-yiiIsrd An
swers His AsssIiznts.

Dr.. 7. Barth, OF Berlin. ard Mr. =.
Luecke. of Hamburg, representatives, o.
the German bondholders OF the Northern
Pacific road, who are preparing 10 re-
organize the company, arrived IN the ely
ut 2:40 o'clock yesterday afternoon IN ms
private car Of the president OF the rosa,
accompanied by Mr.. II. c. Davis, Of s.
Paul. assistant 10 the president. and Ar.
Paul schulze, land agent, who joined them
at Tacoma.
The two representatives Of the German
bondhoiders ars making trip over the
whole Northern Pacific system IN order
that they may. be able to report On its con
dition and prospects. Starting from
Chicago a week ago last Monday. they
went 60 Duluth, then 10 Brainegc, over
the Manitoba line to Winnipeg, then .ess
TO the Sound. inspecting the dineren.
branches on the way. They ieft -
8 o'clock yesterday for Tacoma, vhsrs
they were to take dinner With BIT.
Schuize and then go on to Portland.
From there Mr. Luecke goes TO San Fran
cisco and DR.. Barth returns East over the
o. II. 4 =. line with Mr.. Davis. Both 81
the visitors are men Of distinction In their
own country, DIR. Barth being editor q
Die Nation, one Of the leading newspapers
IN Germany, and leader Of the Liberia
party in the rcichstag. lie will return
home in time 10 be present II the opening
of that body. Mr. Lueeke IL manager OF
the Deutscher bank. of Hamburg, one o.
the strongest financial institutions on the
continent of Europe.
The short time they had IN the city was
spent by the visitors In looking over The
property OF the Northern Pacific, under
the guidance of Messrs. DAVIS and Schulze
and Of II. II. Mills, the chic dispatcher
here, and they only returned 10 their car
few minutes before the train left for Ia
coma. During that time DR.. Bafth said IN
an interview with a Posr-IsrKLLisEseEs
reporter:
"HFc were much astonished to see the
development OF the country traversed 81
the Northern Pacific road and 10 ses the
growth OF this city. When | first came
here. some years ago, Seattle had abont
1900 people, but nog il is great city
and hone in five years more Il viii have
100, 600 inhabitants
''Thc German bondhoIders OF the road,
who hold nearly Si1, 10000 worth. have
formed committee and their action 10
regard TO the reorganization Of the COM
pany may depend on tho recommends
lions of that committee. though reorgani-
cation Is such complicated work that Il
Is hard 10 tel. what will be done. What
they do must be done IA such way
as 10 save the interests of both tie
bandhoIders and of the country which
the road has developed. Ii reorgan-
ization takes place the properly
will become very valuable. We hope
In a comparatively short time to bring II
out Of its difficulties and put it in q par
ing condition. We must see how the nes
directors of the company viii act before
we can say how the change viii affect n.
There are very few German stockholders.
nearly all the Germans interested are
bondholders. and they are impartial in the
controversy as to the past management.
THE settlement of the silver question
will restore confidence ia American secur-
ities in Europe. where the people are large
creditors of this country. aud will cause
return OF investments to this country.
Your country is famous for its rapid 70
covery from bad times.
DR.. Barth was about 10 speak further Of
the financial question, but tho departure
of the train cut the interview short,