St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-04-28
HIS HANDS FULL.
Willard Not Likely to Attempt
to Regain Possession OF
the N. P.
HERE TO DEFEND HIMSELF
From the Charges Of Having
Misapplied the Funds Of
the Road.
HERE TO DEFEND HIMSELF
He is OUT FOR GOOD.
No Possibility Of HiSGoming
in Favor With stoqkhold-
ers Again.

MILWAUKEE,, April E7.-Regard-
ing the persistent rumor that Henry
Willard is to. return to power in the
Northern Pacific it is stated that Vii
lard will never be recognized in au-
thority by either the Deutsche bank
or the stockholders and bondholders
of the Northern Pacific.
Wizards sole purpose in coming to
this country at this time, as stated
by a gentleman in this city in close
touch with Northern Pacific affairs
and affairs Of the Deutsche bank gen.
orally, is to prepare for the threat
ened suits by the receivers Of the
Northern Pacific railroad to recover
alleged unlawful gains in Northern
Pacific transactions, particularly in
the requirement of the Northern Pa
cific and Manitoba branch and in
the Chicago & Northern Pacific ter
minals in Chicago.
The committee appointed by the
Deutsche bank to come to this coun-
try and investigate Wizards work
ings in connection with the Northern
Pacific, it is stated, settled Willard
for all time. The report made by the
committee to the bank directors has
never been made public, but it is now
stated, and for the first time, that
the report was antagonistic to Viii
lard and favorable to Wizards great
est opponent, Brayton Ives, the pres
ent head of the Northern Pacific COM
pany, outside of the receivership.
Wizards fall seems to have been
complete. Not only is he stated to
have lost the friendship of the direct
ors of the Deutsche rank, and to a
considerable degree the confidence of
German spectators, but he has also
lost his friends among the members
of the present reorganization COM
mittee and the stockholders as well.
To any one who has followed North
ern Pacific matters closely, especially
through the Cakes investigation be-
fore Master in Chancery Cary, of
this city, the statement that Willard
was again to assume control of the
affairs Of the road was received as
supreme nonsense.
1t has been said that Willard was sac
rificed to save Cakes. At any rate,
Cakes exoneration by both Master
Cary and Judge Jenkins was as COM
plete as il was in the bower of the court
to make it. Judge Jenkins says moth
ing as to Wizards alleged fraudulent
deals, and his silence on this point is
ominous, especially as he reserved for
consideration the motion of tho North
ern Pacific company to proceed against
Willard ct al
Willard, though by no means anxious
to control the affairs OF the Northern
Pacific, in all that the word implies,
is anxious to again secure the conf
dence and backing of the Deut5che
bank, and to this extent only is he said
to be interested in Northern Pacific
matters. Indeed it has been stated that
If Willard were not anxious to secure
the favor of the bank again, he would
not have troubled himself to come back
to this country to make answer to any
suit that the Northern Pacific receiy-
ers may bring. But in order to curry
favor with the bank there must be ex-
PLANTATION of the alleged unlawful
Northern Pacific deals, and to this end
Willard is said to be working with all
the power at his command.
The aggregate sum which Mes5rs.
Willard and Colby and Hoyt are
charged with having unlawfully &C
quired is upwards of 81, 100000, and Ives
is anxious to have the receivers sue for
the entire amount, with interest added
at the rate of per cent from April l,
1890. Of this sum, $685., 1910 is said to
have been acquired through the North
ern Pacific and Manitoba deal. The
other sums are given in Ives petition,
as follows: By the purchase of the
Chicago, Harlem & Batavia railroad
through the Oregon Transcontinental
company. about 100000; by the pur-
chase of the Bridgeport and South Chi
cago Railroad company, about $670, 800;
from the bonds of the Chicago &
Northern Pacific company, bonds to
the amount of s4G9, COO, and from a
further sale Of the same bonds, 81, 006,-
600, and by allowing the Oregon and
Transcontinental company to seques-
trate nands to the amount of $126,OOO