The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-09-05

applied for an Injunction In Judge Kelley's
put through the United States court at the
instance of Mr.. Hill and decision obtained
to the effect that the proposition for a con-
solldatlon was not unlawful
In the state court Mr. Childs was met with
a great array of legal talent, headed by
United States senator. He won a complete
victory, however. Judge Kelly decided that
the Northern Pacific and the Great Northern
roads were parallel and competing lines in
the meaning of the statute, and could not
be brought under one management. This
decision alarmed the German bondholders
represented by the Deutsche bank, and the
Whole project fell through for a time. Mr.
Hill is not the sort of a man, however, that
accepts one defeat as final. His next move
was to enlist the backing of large English
and American capitalists, to buy blocks Of
Northern Pacific stock. In order to secure
such heavy ownership in the road that it
would entitle him to an influence in it's man
agement.
WINTERS RETIREMENT.
The stock was purchased by Mr.. Hill and
MS friends, and he was again assured of the
cooperation of the Deutsche bank. Presi-
dent Winter resigned as soon as he was APP
prlsed OF the condition Of affairs, not de-
string to serve under Mr.. Hill. The plan of
creating Northwestern railway dictatorship
failed of success, owing to the attitude of ].
+. Morgan, who was not willing to pass over
his own control of Northern Pacific affairs
to Mr.. Hill. When successor was appoint
ed to Mr.. Winter. a compromise agreement
was reached by which Mr.. Morgan named
Charles s. Mellen. vice president of the New
York, New Haven Hartford railroad for
president of the Northern Pacific, and Mr..
Hill was allowed to select the vice presi-
dent, naming Daniel S. Lamont, ex-secretary
of war, who had been his choice for the pres
idency of the road AS matters now stand
Mr. Hill and his friends have a strong in
fuence in Northern Pacific affairs, owing to
their heavy holdings of the securities Of the
company, but 1t is announced that the man
agement in the hands of Mr.. Mellen will be
entirely independent, and that the two sys-
TENS will continue to be operated in a COM
peting manner
The building of the Northern Pacific was
coincfdent with the development of our en-
tire northern belt of territory extending
from Lake Superior to the Pacific ocean.
When the road was started In 1870 there
were probably not 1000 people living in the
country it was to traverse. Now there abe
500, 900 in Northern Minnesota, nearly 300 900 in
North Dakota, 200 900 in Montana, $50 600 in
Idaho. and 100000 in Washington, and 400, 900
in Oregon. All this enormous settlement of
a recent wilderness can be credited to the
building of the Northern Pacific. The road
has thus been very great factor In national
growth. The 11,000 men and women who
originally subscribed for Its first bonds at
the instance of Jay Cooke, have never re-
ceived any dividend for their investment.
They have waited long time. but as holders
of the new preferred stock they may expect
to get a dividend next year. The road is now
we'll manged and has plenty Of business to
do, and ought to make a profit over its
fixed charges.