The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-02-03
RAILROAD RUM0RS.
Z. y. Control Of tho short LEne-HiIi,
of the Great Northern. nd Win
fer Of the = p ToResheF.

Tire probable outcome OF the reorganlza-
ton scheme % The Union Pacific has
caused no end .; discussion and me sI-
preston ~ expert opinion. A week Or ten
days ago the Po=t-In.sli gencer furnished
exclusive Information a. 70 ire rev Of
fleers % ne Short Line and gave a state
uaeDt concerning the future control % It's
affairs ~ the Union Pacific. Since the
prosnosticatiops OF that tine the action
o. the officials OF the system a. Omaha
have confirmed everything said.
s. Paul papers. which reached this Of
fes yesterday, exhibit csusdeFa Die de-
gree Of speculation as 70 the possible mo-
;iyes OF President J. J. Hi, OF the Great
Northern. in visiting New York. he hap
psnsd 70 be there az the same time Prezi-
dent Winter. Of the Northern Pacific; was
there. and this fact led up 20 the assamp-
ton that negotiations were again under
WAY for a pooling OF interests on sie part
OF The Great Northern and the Northern
Pacific. The statement that the two rail-
way magnatsE were or friendly terms has
furnished food for speculation. but no con-
cidsl0n has ever been reached that their
interests are or should be mutual Of
fcials q both systems ere OF the opinion
that the discussion would amount 70
nothing more than an airing OF opinions
~ the wiss ores. Mr.. HilTs private car
returned day or 50 ago 70 s. Paul
leaving the president In New York Mr.
Winter came back several DAYS before
after having practically renewed the Pull
man car contract. notice q which ap-
pears ~ another article in this paper.
AF hits stay In New York lent color
20 the suggestion that he might have
crossed the ocean. and II was reported that
he had gone on matters OF private invest
msnt- Then II became a matter OF solicit
fude as 20 what bis investments abroad
are. Yesterday afternoon a telegram from
New York was received az the Post-Tntell!-
gencsr Office as follows:
a special cableEEam from Frankfurt
on-the-Asin 20 the Evening Post says the
Berlin committee of holders OF Oregon
Railway a Navigation Company per
cent bonds have received joint bid Of q
from the Northern Pacific and Great
Northern railroad companies for All the
stock OF the Oregon Railway Il Navigation
Company represented by them the pur-
chase price 20 be payable on July / With 3
per cent. interest. The bill l. conditional
on It's acceptance by AZ LEAST t2.0oo.a 40 Of
stock II IL understood the Union Pacific
vii also become interested later in the pur-
chase. The committee recommended az
cepianee 70 the bondholders"
subsequent dispatch relative TO the
same matter was. In effect. that the lnfor-
nation coming from Frankfort il believed
In New York 10 be a trick OF the stock
market. The holdings Of o r. & y. stock
IN Europe are not believed 10 be more than
N.51a,tsso. The stockholders are practically
the same AZ those ~ the Short Line"
and the Short Line" Is controlled by the
Union Pacific. All Of the talk about Mr.
HIN and MIR. Winter purchasing the
amount Of stock misrepresented By the
telegram as s. so GO which Is really 81
So.s0 Il unlikely ss 4 would not control
the o. r. 4 n system. Local railroad men
DO not believe O..