The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1901-09-08
HILLS INTENTIONS.
Win Extend Burlington Into Any
Promising Territory.

More reports continue to appear as
to j. J. HilFs intention 10 build the
Burlington into Salt Lake. Locally, il
IS generally believed that the Burling-
ton VIII have n direct route into Sale
Lake as soon as the San Pedro is COM
pieted to give ii a western outlet. In
TINS connection. remark of Mr.. HilFs
while he was in Chicago is significant
The roads under my management
are looking for business" he said when
the subject of extensions was preached.
and viii neglect no tern ftory thai
promises permanent remunerative traf-
Regarding the condition OF the Bur
Iington and the prospects for it's ex-
tension, the Chicago Inter Ocean says:
Mr. Hill was pleased with the official
statement issued yesterday of earnings
OF the Burlington in July, the first
month of the fiscal year of the COM
pany. The June report indicated that
the Burlington would fan Tar short of
earning the dividend of 6 per ce.i I
which was guaranteed by the Great
Northern and Northern Pacific COM
panies. The surplus of July was SqI2
0o2- Should that be the average surplus
for the rest OF the year. not only could
SS.SO0.000 be paid on the bonds issued
Jointly by the Great Northern and
Northern Pacific companies. but they
would each receive over 81. OOO. GOO as
their first years croft on the Burling-
ton deal.
Perhaps nobody will b.. more sur
prised, however, than J. ]. Hill and
i. Il. Hartman if the Burl,ngton's net
earnings the present fiscal year amount
20 SS,sOO,0OO, the amount necessary to
pay the interest on the bonds issued. 1t
Is no longer a secret that Mr. Hin is
determined TO retaliatc for the treat
rnent he received from Mr. Hartman
IN the Burlington deal Mr.. Hill spent
a vast sum OF money in a futile at
&. fra1s If
Pacific. He was also forced by Mr..
Hartman to pay an extravaganza price
for the Burlington. Now il is asserted
that Mr. Hill is determined 20 help W.
a Clark to put his line through from
OgOen = Los Angeles. to fight the
Southern Pacific. and that Mr. Hill will
also OUilo lines in the territory which
has been practically monopolized by the
Union Pacific
These reports seem to verify those
from the east to the effect that Mr.
Hartman has been making strenuous
efforts to resume friendly relations
with J. PierpOut Morgan. Failing 10
see Ir. Morgan in New York. Mr.. Har-
riman followed him in his yacht along
tie New England coast from harbor ia
harbOr. When Mr.. Harriman's yacht
finally overlook Mr. NO-gan's there
was a conference between the owners.
As reported is was about as follows:
m cruising for pleasure. See me
in New York if you want to talk BUSH
ness saiG Mr.. Morgan.
When will you return asked air.
Hartman.
I don't know
Very we'll. Good day.
Good day
And MoTgan's yacht went north and
Harriman's went south
Local railway officials are OF the
opinion that time viii prove that +.
H. Hartman paid dearly for control OF
the Northern Pacific when il cost him
the good will of J. Piespout Morgan
and James J. Hill. The next steps of
Mr.. Hill viii be closely traced, as he
has just come west direct from Sir.
Morgan's Office in Wall street