The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1901-11-14
RAILROAD SITUATION
In THE NORTHWEST
Community Of Interests
Idea 10 be Affixed TO
Big Lines
New YORK. Nov.14.-There we're two

tended to confirm the existing beiief that
"a final basis OF settlement of The con-
-. ~. 49,. control az tbe Northern pa
'e' ......, e., The
ciic nave n'th Hfii'ieeS "e'0 ,
final r@tncntion of this agreement VIII
H ......,.,i.,. ~ Boa.
eiectNc eN"Hiiht Vt 'i0
feresi idea as applied GO The iai'road eNa-
t,,re ~ tbe ccntr w. The nfst % lo1ays
,...t ti... 50
deFeionmehtr N'a .-i
Trenton n. =. uf The northern
ties Company with ctHiiaf .t"e
w9og ana tn. s9so
imous adoption hy 3 ~ Nnlrtn in
directors 81 resolution nlof .1l.@
the Retirement at na nt lle CNnlf"'f
preferred stock on janu ~ p WIZ
There was tuH atiennanee ~
meeting az which nus fgiinh Mee ,.
those present lnciudlns rtNite
nnd charles ete9if, itit s,
Mnrran md Company ia. d. iii tl.iAi''
81 the Harrlmau sNnuitHic Wni-N
the control q tine mon facln.gi s1ll,
Hil. pfesidetn ei tns Ps,,,,
samuel hea' Nce.ples.eeht %, w t,a,f
syleaniai James stllman oi the Nau2hal
City Bank ~ M tWonpies, i'l
NuuderNits ana Nlti"W ~. nc. ,.,
iht directors HeNiVtu w
necessary io- the retirement Ni lu-
ferrcd stock should pe ootai%nea % lN Il 'ls 'ls
sale az not less thhh pat p OF ssoVl9,..y VI y.
per cont ponns, c9hIerllple mo Ny,'.i,on @
stock each holder OF common com y. s1oeh n',H ~
a.
par an amount equal 10 SeNen,y-iNe
eightieths OF the amount y nls piessn. s,t
holdings. IL was Iurther pioNiueu tllat a
two dividehs oi one per cent tHSh W haiu
on the preferred STOCK before us retlre-
ment.
Samuel Spencer was elected as inemDet
was elected as member oi the poard IN
place Of Robert Bacon resignedi ana the
board organized py re-electihs al OF ehe
comapny.s present otncers. ,,,-
10 official statement was optalnaple
q O
Northern Secu itleH 1ompahy' put ~ was
generally understood that the company
was formed TO take over ana control ne
shares OF the NottheIh fHcnc .hu the
Great Northern railways and of their
leased lines d-eat Northern outstanding
capital is N-o,V9'VVo' par Nalue' selllhs AT
zVg ~ tne naike' Wis , ~ s, ~
cine total outstanding STOCK aiter me
retirement Of the preferred wiz pe SS9'-
WVVyl, par Nalue mating Nultl vl t-v''-
oO9o7e, par value for the share Of these
two companies. ~ -W Tor gent NprtncIh'
tAa amount would pe increased 10 S,sl,-
u1oV9u Tor the fhofes OF the TWO COM
panies
buIihsNon shales, IS un9eras9pu; AIe
not % be turned over TO the Northern
hecuf ~ ompany The STOCK y now helu
as c1lai@Nl iot the outstanding bu.haS-
ton collateral bonds, with voting rights
vested IN tne Noftncth taciHc pitiefIeo,
and the Union PACING VIII nave heaVy
interest IN the chpithl OF tne new 'ph-
p9nA, considerably beyond the pnr Nalue
hciaings winch are placed AZ 4o~5Vw lai
Nslue, JUST over majority or lhe Qua
Si"oV'l'vgp 4tYi.Nt4h 1900 .too@ e"pl.a !
70 hiothauoh Mas Vptainapie as 20 Wnat
snaft' II any. the NHnueiNht5 ana the
Nhieato MhMaukee ana ~. iA-. a.e 20
nave lp Nle Now cuihpa--
AftutF tne new a.t"uh ~ ~, ~ Ntir'l l
facihc WIZ htNe Nouhs .ikhl IN lle ibut
nnkton. tht directors peihs "ooul evenly
ahiusa p' t"een the q n'on - NC @ a',u
the mn inieieAts' "e huBHest'"" Was
made today that me Blrhnston STOCK
nia9 nN neiu 'l o N"tlNe ttuet N.''1i NV Wv
agreement between the tNo interests. ih
thlH 'aet 3D. - M"ih'" "" "e " fO''N5
Nustef' .., IN
.t,il a,re. t1n, ana ceo-so u
1,i'S uiNO.. .. - iiit ~ anu 49, 49, sc =
i5 Nsnl ~ ~, ,.,th ~, s" 49, r.,s .,,
L"n conner, nVe WIZ HiUl. i-t.'i y"e'u
sehin. of Kuhn. Loeb a1d company and
~, -, lleiIlnian cAllei -N' u' d 70
pe hltetNieMeu,
ineupet o. tta MN ei =, MV' < ~
hi1 ,-oiiptu9 sal' tiat Wy rtlnSlt tIi,t
NH.iuta company Moulu pe tNe hoiul lls
company OF the various roeus mtSlts.,u
nui ne uechheu 70 say Nuat iaill"'lu7
thsee Nt'e' on the si"uiu 'Mi'@1 M ~ ~ ue
tNiA are NOT yeA Vontpie'su nnu P'-li3 ~,
,uIe punilSaueu h'sn' hte'ieio WIN
thei. e"inpletlu.i. .,,. ..ta 49, ..n
on may rest ASSURED. sald ne al
olliiN"lty ofv. tne ~ 'i'in @ ee.it ~, ,ii.'e M
W ~ nvW ~ an emu M Malu 'h,s n,,p.. ho9 "tsn ,,
s 'iisi'su "a, ~ . ilnil,'s g iNh"iS '''i9
iarto'Y 70 ~ ~ vonVelI 49, ~ -. a. Ill.,
The resolutions adopted by the diree- e
yrs y, ny Nuienetn ~ IaVii,e tp y osiu1o , ~. ~
the retirement OF the preferred STOCK, SET
totlh the terms 9i abiteiheht on du'y el;
isy. whettDy .. r. lleI pon. hlol IN an anu
20, eethe ioI NE me rsoIss'hlzli,s ~ un,'il.sy ~, ;
turned over 70 Iie Iiie NoIthelh @elle lNAll,
way Non,pehy 'ovvvy sharts ol p pIeteIlSu "a
ana o9VD oI common stuSh, anu thAt -
wah tkpitnals ptvNluty ~ Wy "ste.iivhs
that me pfeiciea STOCK shoul9 pe taken
Np hl par on thc liet Jay vA any jan
uary ntof 20 1871
me I,soin'iuns SHOW tna' az meet
ing OF the Notthefn facihc directors, on
July 3, Rg, form or ctrthcate tgr ihe
preferred Stock, bearing these oohaltons,
Mas a1Si ilea eiu uuig ~ta1liieu ~ ps sne
Whereas. the holders OF the major ~
o. ne common stock ot the Northern "a