The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-11-24
Northern Pacific Will Not Invade
0. R. & N. Territory.
FIGHT SEEMS TO BE ENDED.
Local Railroad Men at Loss to
Understand the Report of Peace
Between j. j. Hill and j. II. Nor
gan-N. +. stocks Dccline-Artf-
fetal strength of the Market Re-
moved-Effect on Extensions.

In the Kaleidoscope changes which make
the railroad situation in the Northwest
daily more complicated. the latest comaina-
ton shows the existence of an alleged an
Outstanding between James j. Hill and ].
T. Morgan. The suddenness Of this an
Douncement. coming on top Of the railroad
war news. mas dulied the edge Of con jec-
ture, and local transportation men. wAen
asked fer all opinion On the presen. and
prospective Developments. canG.dly adm
themselves nonpiussed. l; is safe 10 say
that no one outside the principals n the
fight. AIR. Hill and Mr.. Morgan. and their
brokers, knows the inside of this contro-
yersy
Fraught with an Importance 20 the Pa
ciflc Northwest which cannot be overs sti-
mated, the plans Of the masnatss who con-
troll the Northern Pacific. the Great North
ern and The -. r. * y. can yet be lite
more than guessed at. Vast extensions Of
the railroad system in this part of the
country are known TO be projected. The
Post-In'eiijgeneer yesterday published an
authentic map. detailing these proposed ex-
tensions. The magnitude OF these plans.
when shown t9cetaer, was such as 10 cause
wondeFment in the minds even Of those
who had been more or less familiar with
the situation. and the map was a revelation
10 the many who had not kept themselves
informed.
That the much-d:scussed fight between
MIR. Hill and Mr. Morgan is about at an end
IS shown in the following significant SEN
tence. which appears in the Associated
Press report OF yesterdays dongs on the
New York stock exchange:
The market felt also that the Northern
Paciilc-Oregon Navigation emhroglio was
To be patched up. and Northern Pacific
stocks ard others concerned tended down
ward
This is entirely in accord with the state
ments ot the special dispatch from New
York, published in yesterdays Post-intel-
ligencer, that the fight was off. 1t IS under
stood that Morgan has given way to Hi in
the matter of extending the Northern Pa
citic into Q. X. & \. territory. White the
first news Of peace caused a spurt in North
ern Pacific stocks il will be seen from the
stock exchange report Of the day following.
November 23. that a relapse came soon aft
err This Is easily accounted for. Mr. Hill.
in his recent attempt to besr Northern Pa
cfc stock. has been unloading all his bold
ings. To buoy up the quotations, Mr.. Nor
gan and his friends have been talk ng North
ern Pacific stocks fast as they were Of
fered. With the announcement OF peace.
this artificial market dropped, since Hill
was no longer throwing his stock on the
market, and there was no further need OF
abnormal activity on the part OF Morgan
men as buyers.
II 4 is true that Mr. HIS wishes in re-
gard to the Northern Pacific extensions
have been acceded to. it means that the
Northern Pacific will not invade the terri
tory Of the O. r. & y. in Eastern Wash
ington and Idaho. The mucn-talked-of
Clearwater short line. from Missoula 10
Pasco will hot be built. nor VIII the Great
Northern Clearwater short line from Ana
conda to Ainsworth.