The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-11-15

NJ Perkins Daniel S. Lamont, e. II.
Hartman, Jacob I'll. sSchiff, James Still
man, ". p CloughsG. A.. Clark and n.
Terhune. s@ssezs4eSsssss sssas
Trading in the stock of the Northern
Securities company begaff in sstfle out
side market todag All transactIons
were made subject to the provision
when issued ~ I'll esS stock was taEtsda
at 40 bid Operation were very light in
declined to 1O3 bid,%wifh offers at III.
Northern PACING eeMs eftfbIe4 per cent
bonds We're 164 bid; asit tn transactions
1t was said that an application would
shortly. be made to siles stoelersAse ifasfgez
FOR the listing Of the seeurifiesz.ef the
new proprietary company. It was a1sas
said that Northern Pacific. As would not
be listed, as it wAS-intended to convert
them into common stock.
Mr.. Hill Is, President.
NEW YORK, New. 1.-THE Times will
say tomorrow; James J.sfEfill, president
of the Great Northern railway, was yes
terday Thursday elected president of
the Northern Securities company, the
new S400, 0G0 600 corporation; through the
medium of .wlaiehst the Marthwestern rail-
road tangle will be disposed of. The
board of directors of the new company
be considered as representatives of the
Great Northern :. interests three repre-
sent the interests of j., Pierpont Morgan
&s Co., and three more stand for the Har-
riman interests. Two are distinctly rep
resentatives of the Northern Pacific rail
way, and the remaining director, Samuel
Thorne, who was president of the renn-
sylvapia Coal company, which now be-
longs to- the Pennsylvania railroad, is re-
garded as representing Eastern interests.
1t is, however, difficult matter to
draw lines which. disside, this board ac-
cording to. the variousE interests which
make5 up the5 <Morthe rn=7 Securities com
pany. The scope of the settlement, ac-
cording to the words of member of the
Hartman side, is very broad.
1T was the interrion, - he said, ITO
formulate an agreement under which all
the interests instead OF remaining ssepa-
rate and distinct could be- united into
one in order to secure an absolutely
harmonious cooperation and ultimately
of purpose. With this object in view ey-
cry possible consideration was given not
only. to questions OF finance, but .salso
of territory and traffic As result an
agreement has beer reached,' which car
ries the idea of unity of interest to the
most advanced point which yet has been
reached, and which assures the ultimate
supremacy of this idea of railroad man
agement over any other that has been
advocated ,=s=5'sszs
Some people have made the point that
the Experiment of the United States
should take over all the railroads after
they have been l3r6Aght as closely to-
gether; as possible. For our part We
would be willing to turn over to the
government the securities of the rail-
roads we control on the same terms by
which Che government now buys it's own
bonds.
Regarding the Burlington. the Journal
of Commerce will say tomorrow: a
1T was authoritatiktaly stated last even
ing that the Burlington will be leased
to the new Chicago, Burlington & Quincy
Railway company by the Northern Pa-sI
eific and Great -NoNhern, Union Pacific.
interests being satisfactorily representeds
in the management of the property. la
also was authoritatively stated that
neitheri the Chicago, Milwaukee & st.
Paul npr the Chicagos& Northwestern
systems are directly Concerned in the
current deal"