St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1896-02-26
MAKING BIG MONEY
. FFH
NORTHERN PACIFIC,S NET EARN
INGS FOR JANUARY DOUBLE
THOSE OF 1895.
AFFAIRS OF THE RECEIVERS
ARE GRADUALLY BEING STRAIGHT
ENED OUT NJ ,HENRY BACK
FROM MILWAUKEE.
TENSION OF JURISDICTION
Will BE Made as Soon as Judges
Gilbert and HanfOrd Act on
the Application.

Receiver Edwin H. McHenry, of the
Northern Pacific road, returned yester-
day from Milwaukee, where he held
brief conference with his colleague, Mr..
Bigelow, who has just returned from
New York.
Mr.. Bigelow, while in the metropolis,
attended to the transfer from Judge
Lacombe's court to the receivers, of
the funds and securities which have
been tied up there for some months
past. There was about $1,500,000 in
cash, accounts, securities, etc, which,
according to the action of the New
York court, are turned over to Messrs.
McHenry and Bigelow. The matter
was formally attended to between Mr..
Bigelow and Messrs. Cakes and Rouse,
the old receivers, Mr.. Payne being at
present abroad.
Upon his arrival at his Office yes
terday, Mr.. McHenry authorized the
publication Of the appended circular,
which was prepared on Saturday, when
the action of the New York court was
made known:
ST. PAUL, Mimi, FEB. 22-Having been
appointed receivers Of the Northern Pacific
railroad S by the Eted States circuit
on Sept. 49, 1885, Sept &c. 1895, and Feb. Fl.
1885, respectively e-have taken possession
of all the property OF the said railroad com
pany in said circuits. and have made the
following appointments OF heads of depart
ments:
]. w. Kendrick~ general manager.
c. w. Bum, general. counsel.
John c. Spooner, advisory counsel.
George p Miller, advisory counsel.
w. H. Phipps, land commissioner.
John Scott comptroller.
NJ P. Martin, auditor.
G. A. Clark, treasurer.
The officers and employees Of the road with
in the circuits named will report to the
said heads of departments, who Will report
to the receivers. R.. H. Relf is appointed
secretary pro TEN st. Paul So an9 2 George
Edwin H. McHenry,
Prank G. Bigelow,
= Receivers.
In substance, the above simply an
nounces the assumption of authority
for the districts named by the Mil
waukeet courts appointees, and but
one step remains to give them juris-
diction over the entire system from
New York to the Pacific coast. This
action will be taken early next month
at Seattle. It was learned yesterday
that the Farmers Loan and Trust
company, of New York, has already
filed with Judges Hanford and Gilbert
the application for the extension of
jurisdiction for MessrS. McHenry and
Bigelow, and it is probable that John
C.Spooner, who has but lately returned
from the coast, will represent the re-
ceivers at the session of court. Gen.
eral Manager Kendrick is still absent,
and it is unlikely that any changes
which he has in contemplation will be
made before some action is taken in
the West. AS already predicted in the
G o b e, George w. Dickinson will
probably end his connection with the
road when Mr.. Burleigh ceases to be
one of it's receivers. 1t is also prob
able that other Western officials of
lesser Importance, who were guilty of
pernicious activity, will be allowed
to go.
The comparative statement of jan
uary earnings was prepared and given
out yesterday. 1t shows that the net
earnings for the month were more than
double those for the same month last
year, while there is a reduction in the
ratio of operating expenses to gross
earnings.
The statement Is as follows:
Gross earnings January, 1896, s1163, 800. SO;
1895, SLOT. S12.91; increase, s146, 1O99S
$3.50; 1895, 1858, 12S13 decrease. $21. SOP. 63.
1895, $15S, 6S4.7S; increase s167 81.
Ratio of operating expenses to gross earn
ings, 1896, II. 9S per cent; 1885, Al per cent;
decrease, 1913 per cent