The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-05-05

f-orcerufnx the resignation Of President
prfnter. OF the Northern Pacific. the ST.
PAM Psoneer-Press contains the follow
fue statement from Mr. Winter himself.
I. 4 have rendered my resignation BE-
cause Mr. Hill and his associates have ac-
ousred an amount OF the capital stock
WHICH. combined with friendly holdings
IN Europe, ensitle him TO a strong voice in
Northern Pacific affairs. My action was
entirely voluntary. and I trust the best
OF personal feeling exists between Mr..
Ixslf and myself 1 admire his ability. and
have regarded him as friend for airnoz.
"a many years as i have been In railway
service. but he could not name a sun. that
would induce 10 work under his direc-
tsop. ard IL Is equally certain that ne
would not want nay services on any
terms
Until relieved I shall endeavor 10 do
my duty 10 the property, and will gladly
render any aid In ny power 10 my Sue
cessor when be Is elected, which trust
will I,c soon
when asked who Will succeed him as
president OF the Northern Pacific. MIR.
Winter declined 10 say anything except
that that matter rested entirely In the
hands OF the board OF directors, and that
he could not say positively who would re
their choice.
.The name most freely mentioned In
competition with the vacancy IS that OF
Col Lamont. ex-secrctary OF war. ana III
Is Understood he will be elected
what are you going TO dor Mr.. Win
ter was asked.
~ ana going fishing II Ia with great
pleasure that look forward TO the oppor-
tunEty of taking a vacation. 1 have been
Ga active railroad service now for twenty
three consecutive years. and during All
that time / have not had vacation.
have not decided where will spend my
vacation nor how long II viii last. but i
certainly enjoy the prospects OF having
one. What will afterwards do ! am not
prepared 20 say.
ss.rhere are two persistent rumors among
wesl-inforrned people In railroad circles re-
garding Mr. Winters future. One Is that
lac will accept q very responsible position
on an Eastern system. the entire charge
of the affairs OF which he has been Of
fered. II Ii said. Another rumor Is tnat ne
will become president OF the Chicago,
ST. Paul. Minneapolis * Omaha For
long time Mr. Winter was general mana
ger OF the Omaha and under his manage
rnent the property nourished until II took
n place In the front rank OF Western prop
critics among investors. He was prac-
ticaHy president when he left the Omaha,
though Marvin Hughitt held and stil
holds as president of the Northwestern
system. the title OF president OF the
Omaha.
ri Is premature however. TO speculate
on Mr. Winters future course. II goes
without saying that he will control the
deatinics OF some great property for he Is
one OF the greatest raiiroaders I'm che
country. Few managers OF great railroad
properties have al any time given such
evidence OF proficiency. fidelity and relia-
b.lity as Mr.. Winter has IN his admins
tratian OF both the Omaha and the North
ern Pacific.
Mr.. Winters resignation will take ef-
feet as soon as the board OF directors in
New York and the voting trustees have
selected Il successor.
Early last July Mr.. Winter took charge
OF the property and affairs Of the North
ern Pacific Railway Company. The com
pany dia not come into full possession Of
its property before September l. the inter
vening time being consumed in bidding In
the property at the sale OF receivers in
the various states through which the road
lies.
"slnce taking hold Mr. Winter has
proved himself to be precisely the kind Of
man the reorgarfxed Northern Pacific
people wanted He has proved himself to
be the kind OF man they thought he was.
capable eonscisntsaszs. untirtng. The
road has suffered esnea then as IL never
Suffered before ar aseosini 81 the acts OF
Providence. Such fFesssent and dsstruct-
I've snow storms ard foods - tho road
experfenccl last Writer were never cx-
periencea before IN the history 81 West
ern railroadlnC. The effect of ali this was
feit on earnings. But the syndicate that
effected the reorrn nsxati5n and the capital
outside il represented Understood the
situation and had no fani; 10 Ind with
Mr. Winter. They knew he vas the right
man In tho sfvht place. and that under
his shrewd. honest supervision success
WAS inevitable.
tits abatement az his reason for resign
ing she presidency OF fhe Northern Pacific
needs no Interpretation or addendum. II
has happened that Mr.. tIlil secured 4 very
large amount OF Northern Pacific stock
Naieh With that held by HIS friends gives
him virtual control OF its management
and Mr.. Winter has simply made up his
mind that Under those circumstances ht
docs not wish 20 conduct the affairs OF
The Northern Pacific.
After all. tho greatest sensation OF Nr
winters announcement Is not the per.
sonai so maei "a the financial situation
n Implies Although Mr. Winter does aci
feet ~ liberty 10 shy so. II Is pretty wei
known that during Mr.. IIilfs recent IN,
abroad . deal was fixed mp In Londor
whereby tho whole Faiiroadtuz situation
in the West was changed. Director Can
non. ~ the Great Northern. J. Pierp0nl
Mhrgan. head az tho Northern Pacific
syndscate. and others had e conference
there. ard tho ressslt Of u ali Is that Mr.
fIti wiii hyneeforth be tire Drcdanilnatinz
figure 81 Northern Pacific as well "a
Great Northern eflaIrs. There "a no con
soildatiee about this. no close traffic ar
rargemcns or which legislation coult
have an effect. fnr what Mr. Hni has So
cured he purchased ar his friends pur.
chased Tor ham II is an accepted theorg
that the Northern Pacific stock TODAY "a
the hands 81 Mr.. Hin and his associate
and thcsc they immediately represen,
amounts e. controlling interest OF tn,
Northern Nacisc.
.s.r~e years nge Northern Pacific partic,
wanted 10 make an Arrangement whereof,
Mr. Tin would have . voice ia the sd
rafniStratlon nf their pfoverfy. bat "a,
psnnascsi deal fell through I.egtslntior
prohfb,tei y consolidation of that charac.
Ter g"he rrs~0n fhese parties wanted Mr.
4s4il - direct the Affairs ~ their pro,,s~
~ in cfyert " not entirely IN fact ~,
clearly stated IN an interview the othe,
rirht bv Samuel Hil when he s.as4. II 7
the fsawer Of \ god name Mr fFu pafs
coupons twtre q year Tor seventeen wears
<eFthrrrf Pacific pcerie kuew that e-s