The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-04-27
IS HILL IN CONTROL
Startling Report About North
ern Pacific.
HIS RACE AGAINST VAN HORN.
He Went To Europe 20 Get the Ger
mans Bonds, and His Great Rival
Tried 20 Get There Ahead.

A startling report comes from 81 Paul
that James J. hill. president Of the Great
Northern railroad. has scared control q
fhe stock ard securities held - the Ger
man bou8noi9erB o. the Northern
Pacific ~ the Deotsche hank q
Berlin. which holds tie ma 50fliE % the
stock. While BIZ Hill denies the story.
the report flas caused Enueh comment
among the officials OF both lines. AMI the
general sentiment seems 20 ie that where
there - 50 much smoke there must - At
least a littIe fire. Several 81 rae Sew York
papers ard the s.. Paul and Minneapolis
papers have had a good deal 70 say on
the subject. tue facf taat Nr. fili spent
tie winter va Europe Indicating tlgat s9me-
thing out 81 The ordinary has taken place.
The following from the Minneapolis Pen
ny Press appeared az a special from Sew
York:
~ report that vas current on Wall
street yesterday and for several days pass
t. one thai affects rai-oad interests ~
the Northwest. and Is. Il true, a deal
that r. larger than any railroad cognbins-
ton ever made iu this country.
"A few days ago there Hss 3 remarxa-
bic advance in Northern Pacific secu4-
Ties. on change Northern Pacific jump
ed from q 20 81. and other Northern
Pacific securities went up So a correspond
fng manner. inquiry as 10 the cause ~
cd that In all probability there was
special reason for f. that was known TO
81 few who we're anick 20 take advantage
OF their fufoFnia ton. The nature Of this
Information e gradually leaking out. and
81 proves to he a novel n not startling
piece Of railroad news. The story is no
other thar that James ]. Hill the presi-
dent and dictator 81 the Great Northern
railroad. has secured control Of the des-
of En s.aes
his rival ia fine overland haul through the
northern tier Of American states. IL r.
fsid that President Inn on his recanf trip
to Europe made a visit 90 the controlling
spipits % the Deutache bank. 81 Berlin.
the money concern that f. The chief Eu-
ropean holder Of Northern Pacific secnFi-
ties. and then and there made deal with
them that gives him the control u the
Northern Pacific. waleh Is now IN the
hands Of receivers.
"ot course President HHi and his New
York con.idants have said nothing about
this great railroad operation. Nor can
Il be au'hofl;atlvely said that there has
been such a combination Of Interests
made. bat the sharp turn or Northern
Pacific securities meant something, ard
there are men !n Wall street who are
confident that ~ meant nothing else than
that the rumor on the street Is true
The Great Northern road has long
been the envy OF European holders of
Northern Pacific stocks f. has managed
20 keep its head above water even in these
phenomenal hard times for raiiroads.
while they have seen their investments
IN the rival stock take on - very gloomy
tinge. To say that they have a splendid
opinion OF the man who singie~handed
built the Great Northern and made " pay
r. putting IL mildly. II II safe to say that
no railroad man in America stands better
49, IT, H. Ftst- .-H.f a
has been effected makes President Hln
the guardian Of more miles Of railroad
than any other man in America; IN fast
the emperor 81 rolling stock where others
have the title 10 king ."
IL is the impression among railroad men
those who have vcntureei an opinion on
the subject that Mr. Hiu has really had
transferred 10 him sufficient securities TO
give him a say in the reorganization of the
Northern Pacific railroad and that the re-
organization committee viii consult him
20 certain extent Others viii Concede
rnore. and say shat IL Ia very likely DE
has secured some of the stock OF the
Northern Paclftc and that the other hold
eTs. pleased with che manner IN which ne
has financed his own line. wlll desire that
he have something 90 say con eru;nE the
management and operation OF the road
having implicit; confidence in his remark
ahle capabilities The story that Willard
ara ftiN are an the scheme together f@
not generally believed and the report that
they have entered into a compact for NM
tial benefit Is pronounced untrue OF It's
fAce
IN connection with Mr mrs de-
Parture for Europe. good story IS
related concerning President Van uorU.
% the Canadian Pacific. IL being said
that the feeling between the two u.en Ia
hot kindly since the Great Northern sud-
denly cHt OF Canadian Pacific through
Hofn Was in California last fan hN re-
ceivcd a dispatch from st Paul which
read something like this
"ilili leaves today tor Europe"
Instantly Ar. Van Horn WAS on the
alert. and within Ten minutes was uegoti-
atiue for a special train for New York
for the purpose Of landing lp tAat city 90
take the same steamer with Mr Hlu for
Europe. Within two hours the Canadian
railway usguate was speeding arFoSs the
continent on a racc. % IS said 81 head co
Mir liiN and prevent thc latter fFom max
Ing any deal Nth the Hcri}n st0 kholtcrs
whereby there should he any transfer of
stock Whether Van Nora rea he'd fu-
rope In time 60 do aRy good or whether
hc willy Great Northern president out
generated aim. report does not say
4 merchant Who arrived from 81 Taul
yesterday said that it * current run'or
there that President Hul VIII he orr The
Coast. iu seattle Tacoma and Portland.
Within a month. pom his arrival here
probably more definite Information can
b. had concerning has relation 20 the
Northern Factfc.