The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-01-10
NOT OTIOSEJ.P. MORGAN
OBJECT OF j. j. HILLS PRESENT
VISIT TO NEW YORK
CITY
is BUYING NEW STEAMSHIPS
AND WISHES TO CONFER WITH
THE BUILDERS WHO HAVE
THE CONTRACT
IS BUYING NEW STEAMSHIPS
IN FAVOR OF CONSOLIDATION
Great Northern President Briefly
Discusses the Situation Among
His Own and Other North
western Roads

NEW YORK, Jan. 9.-James J. Hill in
an interview today, outlined what he and
his associates in the giant railway COM
mumty of interests" are going to accom- 4. /
plish Instead of a combination of great
roads under one system, said he, thew
are trying to bring about an agreement
between the big systems of the Nortn-,
west by which friction can be prevents
eo and the roads operated more econom-
ically. He denied that he was here to
see ]. p. Morgan and ]. D. Rockefeller.
Today brought no new developments
in the Hill-Morgan-Rockef combine
The meeting of the Northern Pacific di-
rectors did nothing more important, il
was announced, than declare the ] per
cent quarterly dividend Vice President
u. >. Lamont was in close conference
until after dark with several directors
of the Northern Pacific and associates
of Mr.. Hill, and developments are ex-
pected soon.
Mr.. Hill was in Wall street today.
James Stillman, president Of the National
City bank, the depository of the Standard
Oil company, was one of his many call
ers
MY plans have been greatly exag4
gerated and great deal that is untrue
has been published about what I intend
to do, said Mr.. Hill. "I do not con-
template any great deal, such as has
been attributed to me. I nave not como
to New York to see Mr. Morgan. I have
not seen Mr.. Morgan today and have no
engagement to see him either today or
tomorrow.
IS BUYING STEAMSHIPS.
Zone of the main objects of my trip is
to consult with the contractors who are
building two steamships at New London
Tor my trans-Paciffc line. 1 am trying
to arrange an agreement between North
western roads and prevent friction and
make the management of the roadg more
economical. in other words. a plan by
which they may save money The less
friction there IS between Northwestern
roads the better 1t will be for ali of u.s. 4
L am a believer in railroad consoIida-
ton, as it is advantageous. 1t is the in
evitable policy of the roads sooner or
later Railroads, just like all other lines
Of business, should be run as econonical-
iy as possible.
However, my plans have been so gross
ly m1srepresented that / nave made up
my mind that silence is the best poIicy.''
Mr Hill did not attend the meeting of
the Northern Pacific directors, but he
saw Mr. Lamont just afterwards
CONFERRED WITH HILL.
Mr.. Hill went down town from the iIo-4
tel Netherland at 10 o'clock. He SPENT
two busy hours at his Office and received
Among olner VISITORS j. y. Sch1n, who is
deeply interested in Union Pacinc and
E. Fl. Hartman, chairman of the ;:dvis-
ory board of the western roads.
Just after noon Mr.. Hill attended
directors meeting at the Chase National
bank, and later went out to luncneon
with A. B. Hepburn, vice president Of the
bank
The wiseacres noted the arrival in the
city of Norman B. Ream, of Chicago, /
said to be slated to go into the st. Paul
directory, together with Mr.. Hill. He is
connected closely with the Hill-Morgqn
management of the Erie and B. & o.
and there are those who suspect Mr.
Ream comes to confer with Mr. Hill. In
railroad circles 1t was rumored that Mr.
Hill would succeed Mr.. P. D. Armour
in the directorate of the c., M. & ST p.
railroad. This, however, was only one
of the thousand and one railroad rulnors
afioat during the day.
TRANSCONTINENTA BUSINESS
The Tribune tomorrow will say: 1t Is
said on good authority that among Mr..
Hills plans said to be put itno execu-
ton is one for materially shortening the
transcontinental journey.
Passengers arriving at Victoria from
the Orient, and now naturally taking the
Canadian Pacific route in going to New
York, will before long have the choice
of an alternate route arranged by Mr.
HILL via the Great Northern, the st.
Paul and the Pennsylvania. By taking
this ruote they will be able to reach New
York eighteen hours sooner than by the
Canadian Pacific.