The Saint Paul globe., 1900-06-19
ST. ?. Z D. SALE RATIFIED
ACCOMPLISHED JUNE IA, BUT KEPT
SECRET TO AVOID COM
PLICATIONS
IS NOW UNDER N. P.'S CONTROL
With Conveyance II Mortgage Was
Filed to Secure Issue of S2O,-
100000 Bonds-Changes
in Officials.


pIished. Official circulars were issued
yesterday by both President Mellen, of
the Northern Pacific, and President r.
Somers Hayes, of the Duluth, announc-
ing the change. deed conveying the
property to the coast system was filed
yesterday forenoon with the secretary OF
state. The consideration named is 81,
7e9,S24 and the document bore $SO7S in
revenue stamps. In addition to the deed
the Northern Pacific mas also filed
mortgage on the Duluth property, to be
known as the st Paul & Duluth DiVi-
sion mortgage 1t is given to the
Guaranty Trust Company of New York
and will secure al issue not to exceed
$4,000 600 4 per cent gold bonds. The
road VIII receive bonds aggregating
S9215,C00 upon the delivery of the mort
gage.
The Northern Pacific assumes all the
debts Of the st. Paul & Duluth, and in
addition viii take over the common
stock of the road at $50 per share, slight
ly more than market value. The opera
ton Of all departments of the Duluth
by the Northern Pacific began yester-
day upon the announcement of the
change, notice being given employees to
report to proper Northern Pacific Of
hcials. Everything owned by the Du-
luth goes to the Northern Pacific. The
new owners of the property are:
One million dollars III 5 per cent mort
gage bonds, held by the Central Trust
company, of New York given in 1881.
Two millions dollars mortgage bonds (5
per cent?, given the Central Trust com
pany, of New York, in 1887.
One million dollars worth of 4 per cent
bonds held by the Guaranty Trust COM
pauy, of New York, dated 1895
Five hundred thousand dollars in per
cent mortgage bonds of the Duluth Short
Line Railway company, held by the Cen
tral Trust company, of New York, and
dated 1856
Two hundred and ten thousand dollars
In per cent mortgage bonds of the Tay-
lOr's Falls & Lake Superior Railway COM
pany, held by the Central Trust com
pany, dated 1883.
Two hundred nine thousand five hun
dred dollars in per cent mortgage bonds
held by j. II. Dingee and S. Henry Nor
ris, of Philadelphia, and dated Novem-
Car obligations amounting to $685., SO. .65.
A circular from the Office of President
Mellen, of the Northern Pacific, an
nounced the cOnsOlida ton Of the two prop
critics and makes provision for the opera
tion of the different departments of the
road. The circular follows:
The railways and all the property of
whatsoever kind heretofore belonging TO
lne 81 Paul q Duluth Railroad company
nave this day been delivered to the Mort h.
ern Pacific Railway company Heads of
departments and employees of the St Paul
d Duluth Railroad company will com
mencing this day, report to the following
officials Of the Northern Pacific Railway
company at St. Paul:
Officials and employees of operating de-
partment to J. w. Kendrick, second vice
president
Officials and employees of the passenger
ana Irelght departments to J. NJ. Hanna
ford. third vice president.
114 nornl,, ~.
department to E. H. McHenry, chief en-
gineer.
officials and employees of the accounting
department to H. A Gray, comptroller
Omcials and employees of the rreasurer's
once to {. a. Clark, treasurer
officials and employees of the legal de-
paItment to c. w. Bum, general counsel
rms announcement was supplemented
py circular from President r. SOmers
hayes OF the Duluth, which reads:
Inc railways and all the property of
LHlS company, OF whatever kind, have this
ua4 Been delivered to the Northern Pa
enc railway company. Commencing this
cay you will report to and receive your
comrany.
Both announcements were under date
Of June l6 The ratification of the sale
or the Duluth property to the Northern
Fac tic was accomplished at the stock
holders meeting which convened on
a secret
at the demand of executive officials of
the Northern Pacific, who feared that
pupi city would cause complications
The deed of the conveyance presents a
peculiar phase, in contradicting the
statement that the Northern Pacific is a
competing line with the Duluth. Pre-
sumably Northern Pacific document in
all practical considerations, it is of in
terest when compared with the petition
foah-commission, stating that the prop
erty is competitive with the Duluth.
The following circular was issued late
yesterday afternoon from the passenger
department of the Northern Pacific, un-
der signature of General Passenger
Agent Charles S. Fee. A L. Craig. as
slstant general ticket agent of the road.
is given the additional duties of assist
ant passenger agent. The circular
reads:
Effective June IS, A. L. Craig is an
pointed general passenger and ticket
agent The Jurisdiction of A D. Charl-
ton, assistant general passenger agent
Portland; Or, is hereby extended to
cover all local passenger business and
through east-bOund business originating
west Of the MOntana-IdahO state line @
b. Stone IS appointed assistant general
PASSENGER agent IN immediate charge of
81. Paul-Duluth passenger business and
such other business as may be assigned
to him.
The following circular from S. L. Moore,
general freight agent, makes the appoint
ment of General Freight Agent Brough-
ton, Of the Duluth, to the Northern Pa
cific:
w. w Broughton is hereby appointed
assistant general freight agent of the
Northern Pacific Railway company. in
charge of freight traffic between st. Paul
Minneapolis and Lake Superior, or east
thereof, and of the local traffic on the
Duluth line. In matters pertaining to
this traffic, general agents, commercial
agents and local agents will report direct
to Mr. Broughton. Appointment to take
effect at once.