The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-05-20
Interview with President Hill.

President James ]. HILL of the Great
Northern railway. who arrived from Eu-
rope, Friday, conferred with the Northern
Pacific reorganization committee in New
York yesterday, and then started for Chi
cago. Previous TO his departure Mr.. Hill
said. i'm an interview. that Coils p. Hunt
ington did not put the 10 per cent. estimate
on increase in business bit too high as a
result OF the deal between the two compa-
MES. Rates will be put up slightly all along
the line and many expenses cut off, More
ever. it means that the Canada Pacific
will be given lively race in the building
up and development of the Northwest.
President Hill expects much from the town
Of Great Falls, as the Pittsburg OF the
West, as should Tesla succeed at Niagara
Falls in making steel from iron ore from
electricity, the Montana metropolis will
become one of the great industrial cities
OF the Northwest with its contiguous COAL
iron and silver mines.
"Will not the Canadian Pacific railway
be a dangerous competitor? he was asked
Not in the least. said Mr.. HILL we
in the matter OF fast time.
Speaking OF the proposed new line of
coast. Mr. Hill said: Sow ' that int the a war
between China and Japan is virtually over, I
expect that there will be big industrial
United States will have. a consequence.
a good deal OF business with them. III such
a line of steamships be established IL will
have TO have new ships for fast service. like
the Atlantic liners and or course would
take some time. but IL viii come"
What is the general feeling towards
American securities in Europe2
The present European buying seems to
more funds on hand than they know what
TO do with. There has been overspecua-
ton in Africa and great many many. millions
enterprises. Hence the people are looking
for places to invest their profits IL is very
50 they are driven somewhat reluctantly TO
invest in our stocks and bonds
G. III. v. Benent Association.
The employees on the Columbus & Hooking
Valley road were among the first TO form
a mutual benefit association. organizing in
May. 1866. In later years. with the changes
in management the association came near
going TO pieces but three years ago NJ.
8 Corners formerly with the Cincinnati,
Hamilton & Dayton at this point, left the
c. III. & ID. TO take the SUPPLEMENTARY
of the Columbus < Hooking Valley. and
about the first thing he did 10 sug-
gest that the old association be revived
and become a credit the road. The re-
organized association completed its
second year May Is. n; NJ s:
annual report: with the close of the
second fiscal year Of your association un-
der the reorganized plan adopted May 1898.
you are shown by your secretarys report
healthy and permanent growth OF what
was then almost defunct boiy. growing
from 30 dissatisfied members 10 more than
$50 well-satisfed and permanent members.
The task OF reorganiZing and rejuvinating.
as il were. what members were left Of the
old association. and adding 600 members
thereto. has not been altogether easy
task but through the aid OF employees
and members. the task was made light
by each OF them bearing their part of the
labor soliciting new members. While
great many employees in the service of the
c. II. V & T. railway who eligible
TO membership have not yet tiled their APP
plicaton. IL Is found that their objections
are such that in time they will be overcome
and their names. IL is hoped. added TO the
roster. With conditions normal there
should be an average membership OF at
least loo members. and IL is my ambi-
ton 10 see that number reached. IL not ex-