The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-12-06
IN RAILROAD CIRCLES
The Northern Pacific Never in
Better Condition.
HOME FOR RAILROAD MEN
Plan Suggested for . National Institu-
tion-To ARE for Aged and Dis
abled Employees "A Rio
Grande Western once.

81 cannot see that II makes any per-
manent material difference who buys
or sells Northern Pacific stock, Inc 1
congratulate any nan who has some of
it," said President Mellen. referring to
the report that j. ]. Hill vas unload
ing Northern Pacific stock.
Il will say that the Northern Pacific
has never shown better earnings and
never was in better condition"
Regarding the break in common stock
in London Wednesday an officer made
the following statement: Il have
watched the financial papers closely for
several weeks n noticed that the rate
of interest in Berlin was advancing. 1t
has reached s per cent. This has caus-
ed some of the Germans to unload, and
this circumstance following reports
about differences between Hill and Nor
gan over the Clearwater Short Line
proposition, scared the L~ondoners a lit
tie. New York reflects London immed-
lately. But i believe the Germans Will
buy again as soon as the money strain
is relieved. / take no stock In the re-
port that the Clearwater Short Line
trouble has broker out again."
Mr.. Mellen said in regard to the re-
port that the Union Pacific was buying
in the balance Of common stock OF the
oregon Railway & Navigation compa-
ny that he imagined the report meant
the Oregon Short Line, which controls
the common stock of the Oregon Rail-
way & Navigation company. The logical
process would be for the Union Pacific
TO buy in the balance OF Oregon Short
Line stock and then nave the Oregon
Short Line take in the balance OF Ore
gon Railway & Navigation. When that
occurs the Union Pacific will control the
Oregon Railways Navigation company,
which is now controlled by the pre-
ferred stock. a majority of which Is
practically owned by the Great North
ern and Northern Pacific in equal
amounts. Mr.. Mellen did not think any
particular significance should be at
tached to reports that Mr.. Hill was
buying Union Pacific.
Assistant General Passenger Agent
Eli Hirschfeld of the Fort Worth &
Denver City road suggests the estab-
lishment of a national home for aged
and disabled railroad men. The plan
which Mr.. Hirschfeld suggests, briefly,
is that in some city in the United States
with good, natural health and climatic
advantages, there be erected a national
home for the care of aged, Invalid or
otherwise disabled railway employees.
He suggests that the city n the rail-
roads jointly erect the home, and that
II be maintained through a small vol
untary contribution from all railroad
men in the. country. IF the men I'm the
employ of the railroads all over the
country" aid Mr.. Hirschfield, were TO
contribute 10c each toward a fund for
the operation of such q home, there
could be maintained for railroad men
who have grown old or otherwise in
capacitated IN the service OF the va
rIous railroads a home more splendid
~ kept than even the great Soldiers
home at Dayton, Ohio. There are now
in the employ of the different railroads
of the country over 500, 900 men. Month";
ly contributions, no matter how small,
voluntarily offered by the railroad men
of the United States would maintain a
home capable of caring for thousands
of deserving men, and would relieve a
world of distress and misery. / have
been thinking over this matter for the
past three years, and i I'm willing TO
make sacrifices of work and time TO
accomplish a successful elimination of
this project. The establishment of the
home would mean an additional perma-
nent population of from 5000 to 5000
people for the city that gets II. My
observation is that the railroad world
is ripe for just such a move, n the
town with climatic advantages that
will take the initiative in the matter
will unquestionably get the home"
The Rio Grande Western opened its
Office I'm Butte just a little more than
a yea ago, or, to be exact. on the first
of August. 1897. II secured a small
space for desks and a ticket case in
the Office OF the Standard, believing