The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-05-14
TO BUY STEAMERS.
HE DOESN'T WANT THE o. r. & N.
IL Was Offered to Him Before He Built
To sesstIe-Sor IL He After
Northern Pacific.

eer4rx why Jim Fiia has gone 20 Europe.
some claiming tSrzt he Is eroeAVorlos 70
res control OF the Northern Pacihc ana
others that ne wants ne Oregon Railway
A. NAVIGATION Company. a report comes
from Chicago that his purpose u 70 pHr-
chase a line of china~Japan steamers 20
run between Seattle and the Orient Ihs
following dispatch has been sent out fToffi
Chicago:
..Regarttgx the object Of J. ]. Hnl. of
me Great Northern, IN visiting Europe.
n Is asserted that DIR. Hill. having dem
oastrated the succesa of his venture in
the Northern Steamship Company on tire
Great Lake.. now proposes 90 extend that
service, placing lsle OF vsssels. I'VE IN
number on the Pacific. sailing out Of
Seattle for China ard japan. Just before
TIE war between China and japan i've
splendid vessels were btiitt on the clyde.
scotland Now the vessels are. Il Ia said,
for sale. and Mr. Hi may become their
purchaser
The 9poukane Review thinks that Hiu
does not want fhA Northern Pacific, but
that he ~ after the .. II. a. n. for with
fnts tine he wossid have the easy grades
TO the Pacific coast. because his line has
the low. grades to the east Of Spokane
and the q. r.. 4 ~. has the low grades
between spokane and tide water. In this
connection IL Is interesting TO recall that
eight years AFRO lease VI the .. X. a. -.
was offered Mr.. nm. but he dii not see
1T 70 accept e.. being bent on building his
own line 10 the coast Later the line was
leased 10 the Union Pacific. and the lease
confined In effect until the road went into
n. hands OF a receiver less than year
ago.
Tue Pioneer-Press. Of last Tuesday HIS
this TO say regarding Air. HIfi and his
European trip:
There no longer remains much doubt
that the majority Of Northern Pacific Sc
eurity holders have made hattering and
favorable overtuFes 70 AIR. HIM. and that
he IL inclined 20 accept the control OF the
road. With this would go the oregon Rail
way & Navigation Company. This prop
erly he IL very iisoie TO possess within a
short time.
"A prominent railroad man who knows
the inside situation as well as any one In
this country. speaking OF the situation
yesterday. said:
OF course. I do not know positively
what those people are doing over there.
bat 90 believe that the report about Mr..
INNS being after the Northern Pacific IL
true--uniess the Northern Pacific Is after
him. think the principal security hold
ers 81 the Northern Pacific In Germany.
London and New York desire Mr.. I'm 10
take the road
"a In what capaciy7,''
About "a Gould took tn. Union Pacific
a. one time. 7 suppose. I would suppose
that he Is wanted 10 take the manage
inent and VIII have control Of the North
srn Pacific as he has Of the Great North
ern. This would mean that he would con-
trol an the traffic which would he a great
thing for this territory and these two
cities'
"Do you think he will have substan-
tfal money interest In the Northern Pa
ciac?'
lie and HE friends are likely to raise
nancy aud aIarA ~ Won Suggest
speaking Of the Oregon Railway &
Navigation, he drew attention 70 many In
teresting facts about that property. When
The Northern Pacific was completed the
Oregon Railway & Navigation had very
close traffic ARRANGEMENT with IT.. 80 close
that this two roads had the same traffic
officers among whom we're Messrs. Han
uaf0rd and Fee OF the Northern Pacific.
Then the Columbia river basin was made
tributary 10 the Twin cities. This con-
nsetlon vas broken early In 1854 when the
linton Pacific leased the oregon Railway
& Navigation and diverted so much OF its
business as possible 10 Omaha and Kansas
CITY.
Now. II Mr.. I'm gets the Oregon Rail-
way 4 Navigation. and ne IL likely 10 get
A.. We viii have all that business again,
and wen have IL cilnched for all time to
come he continued.
The Northern Pacific was the first
road in tho country. md there Is none bet
ter. II has run tiil 1t has 60 borrow 20 pay
on tts first mortgage bonds. not earning
the interest At this time the Great
Northern. constructed under much more
adverse circumstances and for a long time
otffte a weak sister has not only earned
tho interest on It's bonds. but has been
having dividends on stock. People who
nqrn the Northern Pacific securities are
looking for somebody who VIII give them
some return. and naturally they look TO ].
J. nm
III a believed that some scheme Is on
Go organizes stocks and control property,
II * atla That there Is not \ railroad prop
crtv tn the United States that stands bet
Ser IN Europe than the Great Northern.
The line IS now much ton large for Wall
street 20 handle and IL VIII always be
distinctly Northwestern proposition, The
Northern Pacific railroad viii in time be-
coma fha same. \ weli-known railroad
man. telling how the Northern Pacific
could save money ~ having iitll at The
head said;
- THE Great Northern. Cor several wears.
would avoid the necessity % building
tunnel through the Cascades. which would
cost s. 40 90 The Northern Pacidc would
save $40 90 80 81 rot being required f0
make bettergneuts and renewals on the iine
Cor several years - come. which they
would otherwise have 20 make. Then tho
80 roads together would save ss.5o0e -
annually ia diminished expenses. ny re-
.tt,gnsr and doubling M 'hrir service. Re
efs.a al hts. thirk - what would ~
saved IN int~rest~ahout Hnae"o annually
-nrtrcipal'y nv the Northern Pacihc.'
WHITE this speculation e eoing on. ne
safiAvir.s- t4sspatch n tNe Plonter-tresS
81 MAY { Increases me mystery
The agents hero 81 the nceltschc hank
know nothing ~ any Intended meeting IN
ragu}s,n or elsewhere. With the object of
,,arshasinr its Northern Pacif- holdings.
ana President James J. i4Al. ~ thc Great
Northern who WAS reported - 30 coming
here 20 D., present at the meeting. has nor
arrived ~ Tar as known. TIE agents do
ret helleye that any meeting = conteu-
plated"