The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-11-06


trolling interest. When the Northern Pa
ctEc made is annual report three months
ago X showed large net earnings. This al
no. suit Mr. Hill His friends started
bear movement ii the stack market aIleg-
ing that the Northern Pacific had skinned
the road 81 order TO secure such large
earnings. hoping thereby to csprsss the
value @. the stock and then buy In a, the
lowest figures This game i said 10 have
worked go far az lowering quotations. but
some Of the big Eastern people wn0 are III
terested In Northern Pacific. got bold OF the
scheme and at once bought IL a. the
stock on the market, 40 that Instead Of
the stock going down ]; at once went up
again. That proved the body blow tfiat
Knocked Hill cut Of the Northern Pacific
deal. for white tearing the stock he let go
ali OF ais holdings. He was Jeff, however.
with his war paint On and be IL STU! Out
for the Northern Pacific scalp
Does Hill Control the o. H. a. NJ.
Mr. HE has been hard a. work securing
control CT as many railroad lines as posi-
bic on the Pacific coast, having recently
secured the Spokane Falls & Northern.
and completed the Fosston branch that
taps the wheat belt IN the Red river coun-
try, IN the Dakotas. and which allows nim
70 gel al! Of that wheat 10 Duluth.
II Is currently reported today that Mr..
Hi has now secured control Of the O. r..
T. ~, and that President A. l.. MohIer. Of
tina, road. had been replaced by c. Shields.
vice president OF the Spokane Falls Il
Northern railway. at Spokane. and thai
Mr.. Mohler had been or Will be appointed
general manager Of the entire Great North
ern system. with headquarters in Seattle.
A the Spokane Falls & Northern IL one
OF Mr. HiiYs reads. the conclusions that
the o. II. IL y. ,s nov under his control
are not without good grounds. This leads
10 the further speculation as 10 the rela-
tons, present or prospective. OF the Union
Pacific and the Great Northern. II has
been known al along that the Union Pa
c.fc owned large stock Interests IN the o.
X. e. N. and the query following Mr..
Hilrs supposed control Of the .. II. q
~. Is: Has Mr. Hill also swallowed up
the Union Pacific along with others. In his
gigantic strides for railroad supremacy?
The appointment of Mr. Mohler as gen.
erai manager OF the Great Northern has
been another prolific source OF comment
II has been noticeable fact among rail-
road men that the Great Northern has
never had general manager. as Mr.. Hill
has ever been his own manager and "A gen.
eral manager Al beat would only be fig
ure-head with man OF Mr.. HIS activity
over him. At any rate. the creation OF this
position for Mr.. Moaler. II correct. would
indicate that Mr.. Hill. who has been pres
idenf and general manager OF all his in
tsrests, was now willing 10 relieve hlmsel.
of some OF his self-imposed burden OF de-
tails and devote more tine TO aggrandiz.ng
the Great Northern system.
Agreements tn De Respected.
The control of the Pacific Coast Company
places ali the property Of that company,
mines. railroads and steamship lines. In the
hands of Mr. HUI, and gives him more
vantage ground
Heretofore the Northern Pacific and the
Columbia & Puget Sound railroads have
been operated under joint traffic agree
mcnt from Black River junction to Seat
tie. the Columbia & Puget Sound road own
ing the righl-of~way and the Northern Pa
ciiic owning the rails. then the steamship
business has had close relations with tie
Northern Pacific In the handing Of trans
continental business. and just In a general
way the two companies have been very
closely connected. only In the way OF bus.-
ness. however ard not In any official ca
pacty. Speaking on this subject a prom!-
ncnt railroad man said that TO his certain
knowledge the Pacific Coast Company had
traffic arrangements with all tho compa-
MES and whatever the Great Northern did
In the management of the Pacific Coas,
Company. II would have to respect these
agreements.
THE Great Northern In Its debating the
policy OF the Pacific Coast Company, will
have 20 deal fair with every company they
do business with" said another railroad
man, otherwise they might antagoaize
some one or more OF these interests ana
create an opposition that might result In
loss to the company. II IL we'll known
among financfers that the men who reor-
gafsixea the company under the Waterbury
committee did SO In order TO insure their
Investments In the company. The Pacific
Coast Company has been In the market for
sale ever since the reorganization and has
been waiting for the highest and most re-
sponsible bidder. The Northern Pacific was
figuring for II and the negotiations had
proceeded far with that company that
tho deal was at opel time considered con-
sammaies The Northern Pacific directors
however. failed To grasp the opportunity
and Mr. Hli with his keen sense AZ the
future greatness Of the Puget sound dis
srict sna,ehed the prize from The Northern
Pacific and will now utilize II 20 the hes.
possible advantage ~ his hackers"
Importance 81 the Pacific Coast Co.
since the Year when The OREGON Improve.
ment Company began securing Interests in
Seattle ard Puget sound points in building
the Columbia 4 Puget Sound railroad ard
In the establishment Of vtssgaphlp nnes be-
tween Seattle ard san f>raus-lsco ara sat
tle aNsi Alaska. Tho company has borne a
very cIose re'aslen "a TIE progress ant, cor
staasly growing ccmmerce NJ the city Tho
future policy - the rca8 hearing upon the
;rausceniinsntai lines Is held % ~ iikewls.,
of vital Importance 20 Seattle and Wi. -
eagerly and Clascly watched
On the occas'on - TIE isst visit in Seat.
tie ~ President McEeu. 81 .he Northern
Pacific, there Wa much talk ef The proha-
hfe ,surrhase ~ has ccynranv ~ shs ratl