The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1901-11-14
A GIGANTIC COMBINE
Railroad Merger, With Capt.
tai of $4Oo,OOO,OoO.
The LOSC FlCHr IS NOW SETTLED.
Northern securities Company Inc0r-
pOrated In Trenton-t;rent Trans
continental Systems, Save One,
Will He I nder One Control.


VIII he I nder One Control.
NEW YORK. NOV. 14.-The Northern
Securities company has just been in
>rorporated at Trenton. This company
Is the outcome of the negotiations for
the settlement of the Northern Pacific
war. 1t will. it is understood, hold the
stock of the Northern Pacific. the Great
Northern and the Chicago, Burlington
and Quincy railroads. The capitaliza-
tion is given as S400,O0O.OoO.
The inc"rpora tors are George +. Bak-
err, .Jr., 25S Madison avenue. New York
city; Richard TrimbIr 53 East Twenty
fifth street. New York. and .Abram NJ.
Hyatt. Allcnhurst. n. J.
MIR. Baker is a son of Mr.. Grorg" +.
Baker, the president of the FirS, Ma
tional bank. He is assistant cashier Of
that bank. Mr.. I'rimble Is secretary Of
the United States Steel corporation.
MI Hyatt was probably used as an in
corporator because he is Il resident of
New Jersey
The company takes advantage of the
new law allowing holders of two-tlirls
of stock to manage the business The
: company is authorized to acquire stock.
bonds and securities of corporations.
The charter issued is for the second
largest combination ever given legal cx-
isteice by the state of New Jersey. The
largest was the steel corporation. with
IN authorized capitalization of SlmO,-
0O0.COO. The fee received by the spcre-
tary of state for the charter was $50.
GOO and was paid by the legal repre-
sentniivcS OF j. Pirrpont Morgan. The
cheek for the charter fee was signed
by Mr. Morgan personally.
The entire tSl.WOMN is IN common
stock of the par value of $1oo. The in
cOrporators each hold 100 shares of the
stock. The certificate sets forth that
the objects of the corporation are to ac-
Iuire by purchase, subscription or 9TH
erwise and to h,N as investment any
bonds or other securities of indebted
~ '' vi 'h' VI tllt MUM
created or issued by any other corpora
tion or r0riiuIa;i0ns. association or as
sociatnns, of ihr state of New Jersey
or any other state. territory or country.
There Is no specific mention that the
corporation is to acquire HE Northern
Pacific and other roads thai created the
panic tile past summer and which have
not been taken Up. by the Morgan syn
dichtc, but none of the charters grant
ell by New Jersey to til" great rorpnrn
tionS ever gives the specific purpose Of
III" concern.
News of the incorporation of he
New Jersey corporation was received
In Wall street with great satisfaction,
although ii was not Immediately re-
ticrtrd by ANY substantial market
movement. This latest development
i'll the western railway situation marks
one Of the most momentous events in
the r;,ilroad history Of the country.
1t means that actual community Of
railroad interests will prevail in the
west and that the difficulties growing
Wv VI wv .>pi tii'' 'ullfI UI'-
cipitated by that companyS successful
effort to control the Chicago Burling-
ton and Quincy have been adjusted to
the satisfaction Of Mr.. Morgan. Mr..
Hartman and every ore else interest
cd rith"r directly or indirectly.
The trouble arose when the Northern
Pacific secured the Burlington and
Quincy. ~ Union Pacific through
Mr.. Hartman, asked Mr.. Hill for Il
voice in burlington and Quincy con
trol. Mr.. Hill, 1t Is understood To-
fused, and then ensued the dramatic
struggle for the Northern Pacific con-
troll. Mr. Morgan was in Europe at the
time. and the fight was continued until
it eliminated on May 8. the most
memorable stock corner that ever hap
pened
The incorporation of the new compa.
ny means that the great transcontiuen-
tai railway systems, with but one ex-
cepti0n, are now. or will be shortly,
under Joint control Those systems
are the Union Pacific, which controls
citic aud the Great Northern. The
only independent transcontinental sys-
TEN Is the Atchison. which also has an
outlet on the Pacific coast
A member of the firm of ]. +. Nor
gan a. Co. said last night that the
Northern Securities company would be
the holding company cf the various
roads Interested, but he declined to say
what r"ilroads these were on the
ground that the details are not vet c,:m.
pleted and premature publication might
interfere with their cons,llnmution.
You may rest assured" lie said.
that all difficulty over the Northern
Pacific matter is now at an end, and
this has been accomplished in IA man
ner highly satisfactory to all concern
ed"
A Flight with Outlaws.
GUTHRIE. Okla. Nov. IA pitch
cd battle was fought between deputy