Waterbury Democrat., 1901-11-14
A GIGANTIC COMBINE.
Railroads Merge With Capital of
 $4OO 1000, ,OOO.

S4OO, 100000.
 NEW YORK, Nov. 1.-The NortherE Securities company has just been in corporated at Trenton. This company Is the outcome of the negotiations for the settlement of the Northern Pacific war. It will, it is understood, hold the stock of the Northern Pacific, the Great Northern and the Chicago, Burlington and Quincy railroads. The capitaliza ton is given as $40O.0O0,0O0.
 The incorporators are George F. Bak CT, Jr., 258 Madison avenue, New York city; Richard Trimble, 53 East Twenty fifth street, New York, and Abram NJ. Hyatt, Allenhurst, N. J.
 MT. Baker is son of MT. George +. Baker, the president of the First Ma tional bank. He is assistant cashier of that bank. MT. Trimble is secretary Of the United States Steel corporation. Mir. Hyatt was probably used as an in corporator because he is resident of New Jersey.
 The company takes advantage of the new law allowing holders of two-thirds 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 ex- istence by the state of New Jersey. The largest was the steel corporation, with an authorized capitalization of $1,O00,- O00, 1000. The fee received by the secre- of fa Q chG rfp SQ0 900 and was paid by the legal repre- sentatiyes of J. Pierpont Morgan. The check for the charter fee was signed by Mir. Morgan personally.
 The entire S4OO, ,OOO GOO is in common stock of the par value of $100. The in- corporators each hold 100 shares of the stock. The certificate sets forth that the objects of the corporation are to &C., duire by purchase, subscription or oth-. erwise and to hold as investment any bonds or other securities of indebted ness or any shares of the capital stock created or issued by any other corpora tion or corporations, association or as SociationS, of the state of New Jersey or any other state, territory or country.
 There is no specific mention that the corporation is to acquire the Northern Pacific and other roads that created the panic the past summer and which have not been taken up by the Morgan syn dicate, but none of the charters grant ed by New Jersey to the great corpora tions ever gives the specific purpose Of the concern
 News of the incorporation of the New Jersey corporation was received in Wall street with great satisfaction, although it was not immediately re- dected by any substantial market movement. This latest development in the western railway situation marks one of the most momentous events in the railroad history of the country.
 It means that actual community of railroad interests will prevail in the west and that the difficulties growing out of the Northern Pacific corner pre- cipitated by that company's successful effort to control the Chicago, Burling- ton and Quincy have been adjusted to the satisfaction of MT. Morgan, Mr. Hartman and every one else interest ed either directly or indirectly.
 The trouble arose when the Northern Pacific secured the Burlington and Quincy. The Union Pacific, through Mir. Hartman, asked MT. Hill for a voice in Burlington and Quincy con- trol. Mir. Hill, 1t is understood, re- fused, and then ensued the dramatic struggle for the Northern Pacific con- trol. MT. Morgan was in Europe at the time, and the fight was continued until it eliminated on May 9, the most memorable stock corner that ever hap pened.
 The incorporation of the new compa- ny means that the great transcontinen- tai railway systems, with but one ex- ception, are now, or will be shortly. under joint control. Those systems are the Union Pacific, which controls the Southern Pacific; the Northern Pa cific and the Great Northern. The only independent transcontinental sys- tenn is the Atchison, which also has an outlet on the Pacific coast.
 A member of the firm of J. P. Nor gan < Go. said last night that the Northern Securities company would be the holding company of the various roads interested, but he declined to say what railroads these were on the ground that the details are not yet com pleted and premature publication might | interfere with their consummation. ''You may rest assured" he said, ''that all difficulty over the Northern Pacific matter Is now at an end, and this has been accomplished in man. ner highly satisfactory to all concern l ed.'
 Poisoned Girl Recovering.
 MOUNT VERNON, N. Y., Nov. H.