New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-03-01

report that The committee was nonen int M, Which
| has since been DONE $50. ,,, IT, ,,,.
vca, ending .Iuna 80. is93. shows a deficit of $50,
75s GO. The coal for the use oil the N9r,ne'n "o
Railroad j. delivered the mines. ana no cur u
made for hauling it, amounting to about , 10 we're
per annum 4, the main lin. II ihis bIalloh WI,
credited with 30 cents per toni or be- G nersrd aon
s7 300 which woud reduce the deficit TO s;Ioo w"
Inc ,s' mn n for H. year ending June 30 lo
slolal - Six'y r rr cent 81 S9 s"so s if
this branch Jc credited with such prc'H,age u , an
after payment Of the Interest ~, mg No ,te 'I Paclc Rail
pn n'G aomnn ~ ~ $3.50 TO- or little per
! cent on the entire stock Of this branch lihe'
NORTHERN PACIFIC AND MANITOBA
The PREDECESSORS of the present board extended your
Duluth and MANITOBA line TO the boundary OF M"''oo''
The Government OF that Province, In order 10 ENJOY
the benefit OF competition agreed to build from "'hi'
neg 10 junction with Your Duluth ana Mahi'opa "A
icnsicn at the boundary The lrov' "i "a III. Nv
rm ~ iiinc II failed to complete the work within
tn, desired timc and unless some iraSc ,, rnnr
been made for lis completion and operation your
| Duluth and Manitoba extension could not nave en-,
joycd the bench,, which The predecessor, OF ,me r
G"vnrment Of Manitoba. with certain rcstri,,l"nss
against pooling with the Canadian Pacific, om,c
i" !" u CORPORATION rrpr,snng your Interests Under
these circumstances 1t was deemed uc,lrhoo " and ~
| out the policy inaugnatcd by our prcucueS''' " "
accept the he Provincial 70 build
Yr company nd no i %ns o TIan %h Which
ms Sod no oncv against securities of the local com
rnny ii 1 syndicate ar was "a SrS rean%
tive Committee. but he not Personally na wns
as S1ecdGr ws S purchased by Your COMPANY
This line having been bI in the rsrs was per
fss1aS me ate; "s ' capita" stock Of and
bonds at per mile were acquired by an rs, i'I np
mile The contract for acquiring tins pr"pS ON Pre- c
dsd that the vendors Sosa anf p%S s for M
iSSs Ta to p.cenbcT 81 1902 The committee Is
Therefore, in error in charging up more 'n"'' Ola
Y Duluth Manitoba and the NOrte ,T.r P1 icr@
the ySar ending !% %srys S f 1S93 the S
I'd BY p ss cent this
s557 4o5 IS. il tits branch be credited win , such
ps s sSw. n
outstanding hotel and Srm1s SSnd d 81 %n" S@
value Of the stocks amounting TO o.. I'm.
north Of the boundary only, and those figures are
incorrect The interest paid by Your company on the
stead Of $4,000 as stated by the cSmm ssoc o,a e
Pacific and Manitoba to the lines south Of the
boundary was for the same period co. s 3d. 1r sd
on this business amounted to s2lo 400 o. or ,uIp,,
s after ors eed Ssn per osn on the Stock
Of the Northern Pacific and Manitoba Conpany ,o.s,
|
at Winnipeg. under the dircct.h Of the company n
and states that IT has not found property
The combined hotel and station was erected at Wnni,
peg in pursuance OF the generally approved English
id the heart of d'i the city Peculiarly adapted M
purpose The hotel is nov paving EXPENSE Without
giving 1t any credit for the travel which IL ados ~
'"' The property represented BY these bonds con;
siss Of the hotel and station building the terminal
grounds tracks appnrtenant thereto and and 'ramI, S
| railroad reaching warehouses. factories. ana ohT
| ndu froS m WnDiDev.
Gated for the face vahie Of these bonds
SEATTLE, LAKE SHORE AND EASTERN RAILWAY
In reference to the criticism passed upon the ac-
quson OF the seattle, Lake Shore and Eastern ha'''
| way 1t should BE- borne In mind that IN aggressive
policy was at that time being pursued by rival hms.
When Il was decided 10 be interest and for tho
protec ton Of Your company acquire this line The
Great Northern rapidly constructing its parallel
line to the Pacific Coast making seattle i's U4JUus
parallel to Your Pacific Division from Portland TO
n In. To- e eonnee with this ,oss The Seattle Lake
Shore and Eastern Line was located and In pari con.
line. distance OF i2e miles The seattle Company
the Canada "a, pss s 5e ne nS %
| running OF Canadian Pacific through trains 70 seattle
the belief That int Wa.S result 81 G .res large rr d.
version Of traffic from your company. ana 'hnt mere
was further imminent danger ss, .e Of Was re-
gardcd by your board Of directors ns OF The nrat I'M
% s se 40 hae ho r and Eastern Railway
4 found that fle
Alter nohtiS Oh ~ ev.i"'lon =" nurcIas. ~ irs
property coud ON! De sieu y, ,,a and Tho ,rce
capital STOCK. me pur'l,c W. i"u , rn: r,
mentioned III tno FPIt VI ,ne .V", ,nr ~. ,rc.
Tor 3l"2o =. SHIT VI tnv .s the rood was then
seemed NJ mat uIne reasonhDic' d. Wv '", . n'
earning us nAeI chdrBes unu NulP''o' ~ o,,,,,
fdent that the wisdom Di ths Puic"aSr iiu ,nc ~
sition Of this property can easily b" driio,reu me
road could not have been cohs,ruo,"u ior i!av,ns
like the price mentioned ny 'he committee vi i'
less than the price pad Tor IN" prolnTNi IN n'l,,
Ing I'm, ProPerH n, Ecnr oo'"p'"' was '""'D " '
chase IL IN us th,ioN,a a., Gran, Nor,b.,n IA so
Ihis pufchas "II I, W. n ,,,a,,e on"n,rv norih
chaLBe us INnt!oh ma Wv 49,, ~, rlur c:mnonv
OF seattle was 'l. Ill ,hc ~ I'D ID
In The csllhIl''oh 81 'ohp, o,,,,, aio,, ,h, alan
persons, ms strategic nov mo"sh' 49, ,, 'r
uOiHlSnt III tiht u!, ", " ,,,, .,n,'d H., d.,ic,,
|