The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-09-01

Pacific railway, as the vice presi-
dent of the company, and to which
propose to devote myself in the future.
Some months ago 1 invested the greater por-
ton of my moderate capital in this property,
and entered into an arrangement with the
voting trust to engage actively In It's ser
vice. have therefore my own money ana my
reputation at stake, in the ultimate permanent
success of the reorganized company.
'My understanding is that the N. P: owner
ship now rests in strong hands in this coun-
try and abroad which have bought lts con-
troll not as speculation but IN
the firm Judgment that the bust
ness prospects of the Northwest offer
the best substantial promise of permanent
REQUIRES such fair and conservative manage
ment as to command the confidence, respect
and support of the people, and the communl,
ties with whom it is in direct touch, and
upon whose business and prosperity it must
wholly rely for it's success. Cooperation is
what is needed and to that end l am sure
the new management will exert every eHort
This will promote present business. develop
new lines of enterprise, and work to the
benefit of the people as we'll as the rail-
road. The one has as much at stake as the
other. The live and let live principle should
prevail.
Under the terms of the plan of reorgani-
cation the voting trust composed of j. r.
Morgan, August Belmont, Charles Lanier,
Dr. George Siemens and Johnson Livingston,
holds the stock of the company and may elect
its directors for period of five years, there
by exercising absolute independent and di-
rect control of the property in management
and officers and insuring stability in its
policy.
"Mr. MelIen, the new president, sewers his
connection as vice president of the New
Haven road this week and will arrive here
next Monday and establish himself in THO
city as the executive head of the company.
He has had wide experience in all the grades
of railway operation and management ana
the steady promotions that have come to him
in old and leading railway systems, which
have had the pick of the country at their
command and which are most requiring in
their demands, a sufficient guarantee of
the wisdom of his selection for the important
work here in hand His former associations
in an important capacity with the Union Pa
cifc especially fit him for his new duties.
l am not aware that any changes are prop
osed in the personnel of the company, but that
is wholly within the province of the presi-
dent and is not for me to discuss.
Asked to politics and the issues of the
day Col. Lamont declined to make any eX-
preston and replied that he had not been ac-
tive in politics for several years; that it was
his fortune to be selected by President Cleve-
land and confirmed by unaniomous vote of
the senate for the head of non-pOlitical de-
partment-the department of war-during the
late administration, and that he had sought,
and he believed with some success, to con-
duct it's affairs from a business standpoint
and with an eye to the balance sheet of the
treasury, and the efficiency and welfare of the
army, rather than political advantage. He
was now a Northern Pacific man. in the belief
! that whatever made for the Northern Pa
cifc made for the interests of the people OF
the Northwest, with whom he was now identi-
fed.
Mr.. Lamont expects to spend much of his
time in st. Paul. probably residing while
here at the Aberdeen but his home will re-
main in New York.