The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-11-15
TOPPING IT OFF
Continued From FIRST Page.


Canadian Pacific will be taken into the
fold as soon as other problems which
naturally take precedence are settled.
There was some disappointment over the
announcement that the Burlington meet
inc in Chicago had been again post
poned without the official announcement
of new directors in that company In
all the negotiations Mr.. Hartman has
contended for half interest in the Bur
lington for Union Pacific. Mr.. Hill was
opposed to conceding this point, as no
wanted that magnificent property TO
round out the Great Northefn-Nerthern
Pacific system Mr. Morgan, however.
said that Mr. Harriman's contention was
lust and must be granted, and it was
granted. The street, however, is curious
to know the representation given the
Union Pacific interest in the Burlington
directorate.
Guess at Directors Names.
While no official announcement has
been made, it can be stated on authority
that, unless the programme is changed,
it will be announced that the following
men have been elected: E. III. Hartman
James Stillman. Jacob H. Schiff, Norman
B. Ream Robert Bacon, H Mex.
Twombly. OF these the first three named
are members of the Hartman faction
Aside from the election of directors of
the Northern Securities company, moth
ing new has developed in the situation
since last night. The understanding re-
garding the terms on which Great North
ern preferred and Northern Pacific COM
mon stock would be taken in by the new
company is the same as given in this dis
patch last night, viz, $50 and lis, respec-
lively To absorb these stocks will re-
quire the entire capital stock of the new
company and probably little more. If
that stock is needed for this or any
other purpose, it can be easily created
under the liberal laws of New Jersey.
While only the two stocks above men-
toned will be taken over now, it is
good opinion that later the stock of the
new company will be materially increas-
ed. and the securities of other companies
be absorbed. 1t will be recalled that the
United States Steel corporation has taken
over several companies since the first
grand scoop.
Others May Be Taken In.
There are various rumors at the Wal
dorf and other uptown hotels tonight as
to what companies will finally be gather
ed into the practically universal fold 1t
is not regarded as bad guess that. the
list will eventually include the Union
Pacific, ST. Paul and Canadian Pacific.
1t is not believed IN conservative circles
that any of these companies will be alb
sorbed by the railroad combine for some
little time and probably never, but that
another trust may be formed that will
take in the st. Paul and Union Pacific
and probably some minor roads. For the
present it is sufficient to know that the
ST. Paul interests have been temporarily
satisfied.
The heavy selling and consequent de-
cline in the stock market were in keep
ing with the regular programme of spec
ulators to sell on announcements, and
also the marking up of money, which Is
spoken of in wise circles as only part
of the game on the part Of larger inside
interests to secure cheap line of stocks.
Associated Press View.
NEW YORK, Nov. 1.-THE directorate
of the Northern Securities company, in
corporated yesterday at Trenton, in con-
nection with the settlement in the North
western railway situation, was announc-
ed today. 1t is composed as follows:
John S. Kennedy, I. Willis James, Sam
uel Thorne, ]. j. Hill, M. p. Nichols,
George F. Baker, Robert Bacon, George