The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-11-15
N.s Perkins. Daniel S. Lamont. C. ii.
Hartman, Jacob HI. sschiff, James Still.
w p C.ln1ol,z.fx farI. . NJ Il

Ms Perkins, Daniel S. Lamont, h
Hartman, Jacob H. sSchiff, James Still
man, ". p C1oughfG. A. Clark and n.
Terhlne. es<s4sSsssssssseass
Trading in the stock of the Northern
Securities. COMPANY began in the 'otf t-s
side market todaM All transactions
were made sub3eet to the provision
at 40 bid. Operations were very light In
volumes and Iater isls the day he stock
declined to 103 bid with offers at III.
Northern 9acific eenEefffbfe per cent
bonds We're 164 bid nj ks O. IONS,
1t was said that AN application would
shortly.8be made to siaess sbaeleaasse lfas1ges
FOR the listing of the seeuriTesssef the
new proprietary company, It was afso
said that Northern Pacific. As would not
be listed, as it was-intended to convert
them into common stock
80 Mr.. Hill Is, President
NEW YORK, New 1.-THE Times will
say tomorrow; .sJanes J.ssTfll, president
of the Great Northern railway, was yes
terday' ( Thursday elected president of
the. Northern Securities company, - the
new = $400, 0e0, GOO corporation, through the
medium of .Wfiehs the Marthwestern rail-
road tangle will be disposed of. The
board of directors of the new company
also. were elected. OF; these men six ma
be considered as representatives of the
5Great Northern :; interests three repre-
sent the interests of ]. Pierpont Morgan
81 Co, and three more stand for the Har-
riman interests. Two are. distinctly rep
resentatives of the Northern Pacific rail-
way, and the rema ming director, Samuel
Thorne, who was president of the Ienn-
sylyania 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, .di5sides this 7beard ac-
cording to. the variousf interests which
make up thes tNorthe rr7 Securities COM
pany. The scopes of the settlement, ac
cording to the words of a member of the
Hartman side. is very broad.
1T was the interllion, - he said, TO
formulate an agreement under which all
the interests instead OF remaining sepa-
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 Oh finance but ealso
of territory and traffic.: As a result an
agreement has beer Feached,' 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 a-.s-4---~=s=s'ssss
Some people have made the point that
the experiment of the United States
should take over all the railroads after
they have been agrSdght 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 she government now buys its own
bonds. !.
Regarding the Burlington, the Journal
of Commerce will say tomorrow: Il
1T was authoritatikely stated last even-7
ing that the Burlington will be leased
to the new Chicago, Burlington & Quincy
Railway company by the Northern Pa!sl
cific and Great Neghern. Union Pacific
interests being satisfactorily representedsl
in the management of the property. Ital
also was authoritative stated that
neithers the Chicago, Milwaukee & st.
Paul npr the Chicago4&s North Western
systems are directly Concerned in the
current deal