Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1901-11-21

New York, Nov. 15.-The Times
0ooay VIII say: James ]. Hill, pres,
ident of the Great Northern, was yes
terday Thursday elected president
OF the Northern Securities company.
the new s400,000,000 corporation
through the medium of which the
Northwestern railroad tangle will be
disposed of. The board of directors
Of the new company are: John s.
Kennedy, Z. Willis James, Samuel
Thorne, James J. Hill, E. T. Nichols
Joseph Baker, Robert Bacon, George
W. Perkins, Daniel S. Lamont, Ell
Hartman, Jacob H. Schin, James
stillman, W. H. Clough, George c,
Clarke and N. Terhune.
Or these six may be considered rep
resentatives Of the Great Northern in
terests, three of the interests of ]. P.
Morgan & Company, and three of the
Hartman interests. Two are dis
tinctly representatives of the North
srn Pacific railway and the remaining
director, Samuel Thorne, who was
president Of the Pennsylvania Coal
company, which now belongs to the
Pennsylvania railroads, is regarded as
representing the eastern interests,
Burlington Meeting Adjourned.
Chicago, Nov. 15.-The annual stock
holders meeting of the Chicago,
Burlington and Quincy set for yester-
day, was adjourned until November
81. President Harris received a sud
den summons to New York last night
and left for that city. The trip east
was due, it is said, to the fact that
President Harris had signitied his in
tention to resign as soon as the Bur
{lington passed into the control of the
Securities company.
New Burlington Meeting.
Burlington, Nov. 15.-The stock
holders Of the new Chicago Burling
ton and Quincy Railway" company
met yesterday and adjourned till to-
morrow, when eleven directors to coz
| troll the company will be announced
No inkling was given as to the make
up of the directorate or officers to be
elected.
| Other Systems not Concerned.
New York, Nov. 15.-Regarding the
Burlington, the Journal Of Commerce
today says: 1T was authoritatively
stated last evening that the Burling-
ton will be leased to the new Chicago,
Burlington and Quincy railway com
pany by the Northern Pacific and
Great Northern and Union Pacific in
! terests are being satisfactorily repre-
sented in the management Of the
property. 1t is also authoritatively
stated that neither the Chicago, Mil
waukee and st. Paul nor the Chicago
and Northwestern systems are direct
| ly concerned in the current deal.
Long Litigation Settled.
Omaha, Nov. 15.-The Union Pacific
railroad yesterday settled by an agree
ment with the city of Omaha Il mat
ter that has been in litigation for thir,
ty years. BY it's terms both sides
make substantial concessions and the
railroads will make local improve
ments involving an expenditure Of
two million dollars. The litigation has
been over the occupation of certain
streets and other city property and
| the building of viaducts.
Great New Dock.
| Cleveland, Ohio, Nov. 15.--Priyate
| parties are to build a new dock a.
FairpOrt, Ohio, to be ready for the
opening of navigation next year, A
plillion dollars will be spent in fitting
out the new property which viii be
one of the most complete on the great
lakes. The unloading machinery viii
be modern and probably the fastest on
the lakes. Railroad facilities will be
! furnished by the completion to the
lake of the Lake Erie, Alliance ant
Wheeling railroad.