Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1900-11-12
HENRY WILLARD DEAD.
Famous Railroad Magnate and FL.
nnncicr Passes AYnY.

s.
New York, Nov. 12.-Henry Willard,
the railroad magnate and 1nanciers
died at his summer residence at Dobbs
Ferry early today. A week ago he
caught heavy cold and since then his
condition has been gradually growing
worse. Two physicians were with him
constantly the week past.
Henry Willard was born Heinrich Hill
gard in Speyer. Rheinish Bavaria, April
II, 1895. In October, 1853, he broke off
university studies and set out for the
United States. His fathers opposition
to this step made him borrow the SUR
name OF French schoolmate to Phals-
burg, and he became Henry Willard. He
came to Belleyille, ILL.,. and became q
newBpaper reporter and continued in
the profession until 1865. Early in 1881
Willard acquired the New York Even
ing Post and Nation. In January, 1866,
lin Boston, he married Fannie, only
daughter of William Lloyd Garrison. In
1858 he was chosen secretary of the
newly-founded American Social Science
Association, relinquishing the post in
1S71 In the latter year, While on a visit
to Europe, Willard began his railroad
career. In the panic OF 1893 Willard lost
most Of his fortune, which led to his
withdrawal from railroad managenent
Wizards railroad career began in
1870 while living at Wiesbaden, Ger
many, whittier he went for the benefit
of his health. While here he engaged in
negotiation of American railroad se-
curities. In 1874 he returned to Amer
lea to look after the business OF his
German clients. He was appointed re-
ceiyer in 1876 for the Kansas Pacific
railway as the representative of the
European creditors. The European in
| vestors In the Oregon and San Fran
cisco Steamship Line, after building
new vessels. became discouraged and
| in 1879 Willard formed an American
4 syndicate and purchased the property.
4 He also acquired that of the Oregon
| Steam Navga ton Company. The three
l companies that he operated were
1 amalgamated under the name Of the
4 Oregon Railway and Navigation Com
1 pany- He began the construction of &
railroad up the Columbia river and
i failing In his effort to obtain parma-
nent engagement from the Northern
4 Pacific, which had begun its extension
into Washington territory, to use the
4 Columbia river lime as Its outlet to the
Pacific ocean, he succeeded. with the
aid of syndicate which was called q
blind pool,"fn acquiring control OF the
Northern Pacific property and organ-
tied new corporation that was named
the Oregon and Transcontinental Com.
|pany. After some contention with the
4 old managers. OF the Northern Pacific
4 Willard was elected president of re.
organized board OF directors on Sep
tember Is, 1881. The main line TO the
Pacific ocean was completed, with the
aid Of the Oregon and Transcontinenta
II Company; but at the time when it wa:
opened to traffic with festivities in Sep,
tember, 1883. the bears of the stocl
market arranged an attack on the Sc.
curities Of the allied companies ant
Il Willard, in a vain attempt to supper
d the properties, sacrificed his large for
!, tune and on the 4th of January, 1884
resigned the presidency OF the Northern
Pacific road. After spending the inter
vening time in Europe he returned Il
New York city in 1856. becoming again
a director of the Northern Pacific AM
in 1888 president of the Oregon ant
Transcontinentaf Company.