The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-11-13
lIIDc()MPANI AND THEA.P.
sngc STANDING DIFFICULTIES ARE
LIKELY TO BIZ ADJUSTED.
Ceupany Regatnfng COntrel u
he Land Company and OpeFating
II N Was Done Before 1S03.

enec<aI Dispatch 10 the Post-In-esIfgence,.
8 TACOMA. Nos. Z--Tne statement made
exclussyely In fnss mornings Pozf-Iutslif-
seucer that from appearances there waa
: deal or the sapis between the Northern
Pacific and the Tacoma Land Company,
whereby the latter 10 negotiating TO turn
eyer the controlling interest to the rail-
wxy company. caused considerable COM
r,ent Ia this city today. Although no GG-
sses ssztemenss have been made by the
narties 10 the deal. 10 dsnsals have been
made from either source and II iE not like
Il there viii BE-, as the circumstances point
sseafiy 10 a deal between the two compa-
uies Nor are these circumstances con-
fined to what Is actually going on at this
dine bat include what has taken place
from time 10 time since the disruption be-
tween the two companies.
II viii he remembered that when the
Tacoma Lard Company was formed, the
Northern Pacific held 81 per cent of the
stock, which gave IT control and the right
"a dictate the policy. G.. y. Wright was
elected president Of the company, which
posltfon be has held ever since In lsg2.
when the land company was making ex-
tsrsive improvements such as dIilng Ia
tide lands and arranging for the erection
Of the new hotel. G. b. Wright and other
oMcers OF the company held meeting
and decided to double the stock OF the
ccmpany, giving cach stockhoider ths
privilege OF doubling his stock by pay
rent IT the new levy. A separate COM
pany was 10 be formed TO build the new
hofei, and II is gald on good authority
TIA. the Northern Pacific agreed TO take
half CT the stock.
About this time the depressed times be-
gan TO appear. and there was some talk
that the road would 90 into the hands Of
receivers. Ii therefore decided not to SUBJ
scribe 10 the extra levy. with the result
that the Wright crowd, by doubling the
stock got control Of the stock. and has
remained In control ever since. The COM
panies continued on good terms, however.
Tor some time. or until IL was learned that
Wright. !. w. Anderson and others were
sndeavoring TO induce other railroad CONF
panles to extend their lines into Tacoma,
This brought about strained relations.
which have existed more or less ever
since. Last January c. b. Wright. who
vas not getting any younger, and being
naturally In an unpleasant frame Of mind
because OF the pocr returns from the prop
etfy. made proposition TO President
James J. Hill. OF the Great Northern.
whereby the latter was to purchase thu
controlling Interest in the land company.
This deal fell through.
y II w. Anam5 and the FeofEanfxa.
ton COMMITTEES Of the Northern Pa
cfnc heard OF this and made over
lures to c. II. Wright to again
assume control OF the land com
pany Wight refused TO sell. which
widened the breach and resulted In the
railway. company peremptoriiy ordering
the land company out OF the headuuarters
building. where II had always been. I,
". Anderson. who was In PHILADELPHIA af
me time. teleeraphed his chief clerk to
secure the office In the Mason building.
where It now Is. and as soon "a he re-
turned the transfer of Office was made.
From the fact that vice President La
mont denied any connection with the
Alaska transportation g. Hotel Company
Eouh seem that his conferences with
~. FoulEes. Mr.. Anderson and others
vas Tor the purpose OF closing some such
deal AZ has been suggested I'm the Post
Inseiiigcncsr. II has every Indication Of
being contamination Of Edward q.
Adams plan to secure control OF the land
company and have the business conduct
% ~ tbs land department OF the road. In
conjunction with the affairs that are now
being 20 successfully carried on, not only
"a Warrington but in the other states I'm
the jurisdiction over which Thomas
Cooper has control.
People generally believe that Tacoma
YOU'D be the biggest winner should the
zeal 30 through. as the affairs of the
company would be handled In business
ake manner and free from politics