The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-05-01

Sam Hill. who returned 10 St Paul
last week from his European trip. stated
in an interview in the Pioneer Press ehat
upward OF 5oeeo.eo bushels OF wheat IN the
shape OF -four Will go from the Pacihc
coast to the Orient this year. which means
that the Great Northern has Its eye on :
large portion, which will be shipped from
Seattle by the Nippon Yusen kaisna me.
Mr.. Hill also spoke at length on the I'M
migration question. and on the enecl Oh
the new tariff IN England In regard 10
the railroad situation he was non-comEni'-
tai.
Regarding Northern Pacific reports.
said Mr.. Hill. simply state that de-
clined 20 be interviewed or else thae 1
referred you to the people of Minneapo-
lis. who assume to know all about IL.
There are some people here, by the way
who have made themselves ridiculous.
James J. Hill and Samuel Hill were IN
London with President Cannon, or the
Chase National hank, q Great Northern
director; Mr.. Moore. Of the Wai street
banking firm OF Moore & Schley; ). =
Morgan. the leading figure in the North
ern Pacific reorganization. and others
prominently representing Great Northern
and Northern Pacific interests.
James j. Hill is still in New York, ana
President Winter. OF the Northern Pa
cific. has gone to New York TO confer
with Mr.. Hill.
When asked specifically why the for-
eign capitalists behind the Northern Pa
cific seemed so delighted to receive
suggestion from Mr.. Hill. and so ready
to hold out inducements to him ito ex-
ercise an influence in the operation of the
affairs OF their property, Mr.. sam Hin
shrewdly replied by asking question:
Suppose you had a property that had
not done very well for you. while another
property similarly located paid on Its
coupons twice a year regularly for seven
teen years. how would you feel? Did 1t
ever occur to you that the power OF
good name is greater than the most bind
ing contracts or anything else? Did you
ever think that the effect of keeping your
promise is supreme as a proof OF your
ability to keep it, and that it is accepted
by those by whom ii is kept as proof
of your integrity? Regarding the rail-
road situation, l must beg you to excuse
me from being interviewed.
First of all. | am interested in immi-
grafton. What interests this part of the
country most is the settlement of 1t. /
went to Germany and saw some of the
principal people there. They said their
farmers were prospecting. and that there
was consequently small inducement for
them 10 emigrate, as there was a few
years ago. / found the same conditions
ways a certain class of people who want
to branch out, such as the younger sons
of those in good or comfortable circum-
stances. Those who come here now Will
be better class than we have generally
received, and they will have money. /
expect many people to come here this
year from Scandinavian countries. Swe-
den, Norway and Denmark. because the
farmers here have done pretty well and
are sending back word that the price OF
wheat has advanced and that general
opportunities of agricultural life have
improved
How do you account for the advance
in the price of wheat In hard times. espe-
cially when crops have been abundant
THAT is just what was going to speak
about The reason is very apparent when
you consider one fact Mr.. Hill has found
new mouths to consume wheat. That is
the fact 10 consider. The yellow man has
become one of our great consumers. In
Japan and China there Is growing de-
mand for our wheat. Mr.. Hill has made
1t possible to ship -four there. OF tnH
years crop upward of 50.0oo.00o bushels
of wheat in the shape of -four will go
from the Pacific coast country to the
ORIENT This is interesting to our people
because this wheat was formerly COM
petitor OF our Northwestern wheat in
Liverpool. That factnr of competition
has been practically eliminated. This in
dness farmers to come here; does IL not?"
what do Englshnlen think about our
tafiff?"
They arc rot worried about IL, but they
would like to feel sure of our financial
system. They want to know that we have
a sound system, snd that it is permanent
We have always had tariff, and while
the Englishmen would ike to see it lit
tie different, they know how to meet IL,
A. n,r, a- he
are sure of our financial system money
will low in here. Money is piling up there
They have no chance 10 invest 1t. The
Spokane and British Columbia country. is
recognized great deal and receives much
attention from the English people. This
country has been neglected by us, but
England is spending much money In II
and sending many men TO IL. They have
faith in IL, and well they may have. for
II is great country. II were a young
single man. trying to. make brilliant
start in life. / would go to that mining
district. for IL is richer far than any
thing Africa has ever seen. The attention
it is receiving from England Will help US
Indirectly
Does not the war scare have very
serious effect on the speculative markets
of England?''
Not at all. When we left, the war sit
uation was not regarded as serious. In
fact. the war is not regarded as seri-
Gus matter. The general belief is that II
will blow over without any European en-
tanglement.'
Speaking OF the financial situation. Mr..
Hill said that the money is waiting IN
England TO be invested. and that there
is any quantity of IL. There is great
market for such securities as American
railroad bonds that have paid dividends
regularly.
'"rhere is no market fer what might be
called the industrial speculative bonds
he said. There is a widespread feeling
in Christian England in favor OF closer
alliance with America. They feel that.
as English-speakng people. we are close
kin. II is even said her majesty would
like to celebrate her diamond Jubilee by
saving she was at peace with all and that
disputes between any of her Children, at
least. would be settled IN the future by
arbitration. At present the English are
not buying much that we have 10 offer.
which is no surprise. but they stand
ready 10 buy whatever we can prove Is
good, safe investment