Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1901-07-18
M0RGAN's NEW DIRECTORS
For the Northern Pacific Railroad
Named in n Pnblic Letter.

NEW YORK, July 17.-Oficial an
nouncement was made by J. Pierpont
Morgan that he had selected James j..
Hill, f. II. Hartman, VIM. Rockefeller
H. Mex. Twombly and Samuel Rea to
fill vacancies to be created in the direc-
torate of the Northern Pacific Railway.
This announcement was made by Mr..
Morgan in formal letter addressed by
him to J. p Morgan & Co., Kuehn, Loeb
e. Co, A. Fl. Hartman and James j.
Hill, in which he says he has selected
annual meeting of the company In ac-
cordance with memorandum signed on
May 81, by which the composition Of
the new board was to be left in his
hands. No statement as to the nature
of the memorandum was made public
and reference in the letter to VIM x.
Vanderbilt was not explained. At the
offices of Kuhn, Loeb q Co. and j. p.
Morgan & Co., 1t was said the arrange
ment indicated In the letter was mutual
ly satisfactory. Mr.. Morgan's letter is
as follows:
"Gentlemen--In accordance with the
memorandum signed by you under date
of May 81, 1901, under which the COM
position of the board of directors OF
the Northern Pacific Railroad Company
to be elected at the next annual meeting
was left in my hands, l beg to advise
you of my conclusions, as follows:
81 nominate the following gentlemen
as the new members of the board to fill
the vacancies to be created: James ]
Hill, president of the Great Northern;
f. R. Hartman, chairman of the execu-
tive committee of the Union Pacific
Railway Company; Mr.. VIM. Rockefel-
Ter, director OF the Chicago, Milwaukee
& st. Paul Railway; Mr.. H. Mex
rwombly, director OF Chicago & North
western Railway Company; Mr.. Samuel
Rea, vice president of the Pennsyi-
vania Railroad Company. ------s
Of the board be called to the advisa-
bility of arranging for these gentlemen
to assume their duties as directors OF
the company as soon as possible with
out awaiting the annual election. 1t is
my opinion that board thus consti-
tuted will contain within itself the ele-
mepts best adapted for the formulation
of plan referred to in said memora1-
dunn in connection with Mr.. VIM. k.
Vanderbilt named therein as referee.
Every important interest will have
its representative, who will be brought
In close touch with the situation as a
whole and there should be no difficulty
in reaching a conclusion that will be
fair and just to all concerned AMI tend
to the establishment of permanent har-
mony among the different lines. To
this end | shall be glad to cooperate
in such manner as will seem desirable
Il am. gentlemen,
Every truly yours, i.
81. PIERPONT MORGAN"
Later in the day the memorandum
referred to as of May 81 in Mr.. Morgan S
letter was given out. 1t reads: -
"An understanding has been reached
between Northern Pacific and Union
Pacific interests under which the COM
position of the Northern Pacific board
will be left In the hands of Mr.. j. P.
Morgan, certain names having. already
been mentioned, not now to be made
public, to be especially recognized as
representative of the common interests.
1t is asserted that complete and perma-
nent harmony will result under the
plan adopted between all interests in
volved. 1t is agreed that the foregoing
shall be given out for publication as
expressing the agreement of the part
les -