The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-02-24

MAJ a4vlces from the East yesterday
hrogxft copies az an article publishes 10
the Minneapolis Times relative 70 tne &C
syfttrsHAut 81 cDniFDitnE interest IL me
Northern Factae ~ President James J.
gIal. o. the Great Northern Coming. az
saia Information does. es0&ely upon the
Eeesa of President HiiIs denial Of sIcb
stroke or railroad faaDcsef5ng. published
several days ago IN the P@st-Infsitigs ncsf.
TIE news is just g trifie startling. a. no
doubt remains la the rnIna Of the author
Of the article faat Hf. Hill has added con-
siSerably 20 his railroad possesaioas b. ac-
augfing the Northern Pacific. ite says.
james j IfHl has AZ last aecured control
OF the Northern Pacific. not the kind ~
control he contemplated when he opened
negotlsf i8ns with the peafseDe Bank %
Berlin tao years ago this winter. but a
control. nevertheless. 80 absolute that rail-
way competition ia the Eieat domain %
the Northwest Is row thing OF the past.
ard from the wheat fields 81 the Red river
valley 10 the dInplng water Of Puget
round James J. Hiu Is agt0crat and
master"
IN tho local Offices Of both the Great
Northern ard Northern Pacific yesterday
there appeared 10 De a general feeling that
something h ia the wind Ia relation 10 the
reliable Information was likely to be found
there was an indispos.tion TO discuss the
situation
Tire later mails brought other Inforna-
ton last evening from both st. Paul and
New York, relative TO the much-discussed
matter. IN 81. Paul. IN an Interview, Mr..
ffill was again compelled 10 dissembie in
the following woris. II understand that
the transaction recently effected" said
Dir. Hill. was on account OF the Germans.
and I know the bonds went TO Germany
or rather ! have been told they did and
know no reason for dlsbelieving this 10 be-
thecare Those stories Of consolidation may
have started on account of an arrange
ment tho Great Northern and Northern
Pacific and Union Pacific entered into for
the use Of the oregon Railsay and Nayi-
cation company lines. 1t IL unnecessary
TO deny them again. The courts have de-
cided that such relationship as that rtl-
mored between the Great Northern and
Northern Pacific would not be proper, and
that settles it,
Seattle reporters who have attempted
20 obtain inside Information from AR Hill
appreciate the above paragraph, a. II is
one OF the "joliies'' that the magnate is
In the habit Of dispensing with a lavish
hand. Tie Is pleasant old gentleman to
meet and after be has talked for an hour
be bows one graeiously out OF his presence
without having communicated any more
Information than he intended TO.
Mr Hill goes on TO say that there Is no
consolidation nor traffic arrangement. nor
& anything of the kind contemplated
But as this paper stated when the first
rnmors began To pour In from Wall street
regarding this matter. t4se Germans who
recently bought Northern Pacific stock
heavily are friendly 20 MIR nm, and the
enect OF their friendship should be felt
IL the operation OF the two properties to
the advantage Of both aud the country
through which they run.
That The Germans bought Northern Pa
cifc recently with the intention OF paving
the way for greater economy, further IN
vessment and extended development In
the West there IL liitle doubt: that a mol.
Icy Of this kind would tend 20 the pros
pefity 81 all interests connected with. rep
Resented by or in any way under the IN
hnenee Of the two railroads, there can be
no doubt.
The Pioneer Press says that Presidents
Hill AMI Winter are friends personally be-
cause they appreciate each Others worth
and they are friends professionally be-
cause they appreciate each others nouer
They could not be enemies In their capacl-
ties OF heads az two competing systems
and operate them 20 the best Advantage Of
the owners. the properties. the public or
themselves
Consolidation has not been effected nor
can e be Is is not even proven that a
friendiy understanding among the owners
or the properties for an iaenl relationship
between them has ben reached. bur mar
such II the case many well informed be-
nsve
Despite the feelings Of friendship that
exist between the two presidents II would
surprise nobody II NJ EIHi found himself
in q position whore he could advise II not
control the operations % the Northern Pa
cine The confidence that the foreign stock
holders % the Northern pacinr feet in Mr.
inns executive ability lies IN tho fact thar
the value or the Great Northern securities
has always been maintained. while me
Northern Pacific stock was a ALTERNATING
Quality as 4 feature o. speculation Tho
receivershlps ard the REORGANIZATION 6la
nof tend 70 fuiiy raise thr property IN the
Estimation Of ttS conservative s.nrkhoiA-
ces. and the values 81 Great Northern "a
Per must necessarily have impressed Them
selves upen them One thing Is sure: the
organizations win Remain distinct no mat
Ter whM Influence lies behind them Tor
their foiut management Prom New
Nrff where the matter has heavy bear.
iry on The stock market. ere Minneapolis
story remains unproven. The Information
from that center % financial operations
T. a. follows: ''rhe renewed rroort set
eaeat from iwa 20 time that President
: fiu. ~ the CTcat Northern railroad. had
secured controlling interest IN the North
era PsciaG railroad rtnnot % verified
from any authoritative source IN Wan
street THE revival ~ tha story AZ this
tfne attracts no attention from dealers
81 railroad see3irt ties who have had fn-
formation % such state Of things FOR
several week. A enron 8cfeH lea THIS 70
port. general c~c6cuee 90 giVcn ~ the yt1y,-
position that the rcc.nf heavy trans
eetions IN Northern Psrlac f7r sc~u,sa ae-
ccunt wcrc designed - eo-arc ~vr1pa-
fhettc administrator ~ fAe Northern pa
else and Great Northern rs became known
or February thst fh~ 0s~kt-s' syndicate
which underworld tha Northern Pz-fa,.
plan of reofEan iEation ha3 ss}a ttvA-fnfrFs
az fhc stock accruine go it go che D~utaeAs
hank of Merlin ant others rae rl~-
chaserz are recognized ss close friends ~
President tFlH ard 80 The Great Northr~n.
Northern paCtae securities have beers
dealt in 0~ the stock exchange ever Since
- tAe coDvlcfioe that Herr i4al VIII hence
farsh have - inauentsai vo8ce in the AZ
rectioN e Nnrther f.sc3ae AFFAIRS THIS
sac vas regarded as the cftialtaa5toa of a
plan fnr fhe svunathefic control ~ ere
tho reads fang fn contemplation ara the