Pullman herald. [volume] (Pullman, W.T. [Wash.]) 1888-1989, 1895-05-25
A DEAL OF MACNATES
The Reorganization of the
Northern Pacific.
CERTAIN EFFECT ON BUSINESS
4 Further Interview with Mr.. Hill,
who Talks in His Intelligent
Way About the Matter.

who Talks in His Intelligent
Way About the Matter.
New York, May 2l. - President
James j. Hill, of the Great Northern
railway, who arrived from Europe yes
terday, conferred with the Northern
Pacific reorganization committee, and
then started Tor Chicago. Previous to
his departure, Mr.. Hill said in an in
terview, that G. p. Huntington did not
put the 10 per cent estimate on in
crease i'll business a bit too high, as a
result of the deal between these two
companies. Rates will be put up
slightly all along the line, and many
expenses will be cut off. Moreover,
it seems the Canadian Pacific will be
given lively race in the building and
development of the Northwest. Presi-
dent Hill expects much from the town
of Great Falls, Mont, as the Pittsburg
of the West, and should Tesla succeed
at Niagara Falls i'll making steel rails
from iron ere by electricity, as he says
he will soon, the Montana metropolis
will become one of the great industrial
cities of the Northwest with its cOntig
uous coal, iron and silver mines.
"Will not the Canadian Pacific be
dangerous competitors" he was asked.
mot in the least" answered Hill.
eve can compete with any transconti-
mental line in the matter of fast time.
We have nothing to fear from Can
ada. "
Speaking of the proposed new line of
steamships between Japan and the Pa
citic coast, Mr.. Hill said:
Nov that the war between China
and Japan is virtually over, [ expect
there will be big industrial develop
ment III those two nations, and the
United States will have as conse
quence a good deal of business with
them. If such line of steamships is
established it will have to have new
ships for fast service like the Atlantic
liners. OF course, that would take
some time, but it will come.
What is the general feeling towards
American railways in Europe?"
THE present European buying seems
to me to be the result of investors hav-
ing more funds on hand than they
know what to do with. There has
been transportation i'll Africa, and
many millions sterling have been made
in Africa III mining enterprises. Hence
the people are looking for places to in
vest their profits 1t is very difficult to
find good European securities, so they
are.driven somewhat reluctantly to in
vest i'll our stocks and bonds. OF course
this does not apply to American securl-
ties that have always stood we'll, but
to those that have been more or less
questioned by investors. Unless Amer
lean properties are better managed and
closely economical, Europeans will dis
count them in the future. We have to
establish a character for economic ad-
ministration if we want foreign invest
ors to take up our securities.
"What is the industrial situation
across the Water?'
1.-The industrial situation is not
picking up by any means. The silk
business has gone to China. The most
active business in England is the manu-
facture and sale of machinery on orders
principally from Eastern nations, like
Japan and India, which nations are
now manufacturers and producers OF
goods which England has long held
monopoly. China and India are be-
coming great and important factors i'll
the textile world. The peace between
Japan and China will open the way to
great efforts ON the part of these coun-
tries to compete with European manu-
featured goods. -