The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-01-07
Injury to Taxable Value.


It is next set up that the state expenda
more than 100000 annually in the operas
ton and maintenance of It's educational,
charitable and other public institutions.
that this is mostly raised by direct taxa
ton, and that the amount which can be
raised and the successful maintenance OF
these institutions for the benefit of its
citizens depends largely upon the value Of
the real and personal property within the
state, which in turn depends largely upon
free railroad competition.
Generous in Land Grants.
It has been the settled policy Of the
state to encourage railroad building by
grant Of lands and in this way over TO-
500, 900 acres have beer granted, nearly all
of which has gone to the Great Northern
and Northern Pacific and their subsidiary
companies.
The complaint further alleges that the
rates on the immense shipments of wheat
and other merchandise over the lines OF
the two companies have been lower than
they will be under any arrangement which
contemplates unity Of control.
History of the Two Roads.
The bill then recites the charters and
interpretations under which the Great
Northern operates, and cites the clause
in it's charter providing that its affairs
rectors, which is to do all things neces-
sary "and not inconsistent with the con-
stitution and laws of the United States
or the laws Of this territory or this act"
1t is further alleged that James J. Hill
holds controlling interest in the $126,-
100000 of Great Northern capital stock.
The history and charters of the North-
ern Pacific are similarly related, special
attention being paid to the roads &C
uuired and built within the state. By fl-
ing it's articles of incorporation in Wis
consin with the Minnesota authorities.
the Northern Pacific, 1t is commended, be-
came subject to all the laws. regulations
and provisions of Minnesota. The we'll.
known facts as to the personnel of the de
rectory the insolvency Of the old cons
pany, and it's reorganization in 1898. the
purchase of the St. Paul & Duluth road In
1899 are recited at length.
Furnish the Only Competition.
It is set up that the lines Of the two
points within Minnesota, but that they
furnish the only competitive lines between
Minnesota and Puget Sound, and have 30
furnished for eleven years. They are also,
with one exception, the only lines travers-
ing northern Minnesota.
A paragraph Is devoted to the Burling~
ton and the facts as to the terms on
which it's control was obtained by the two
systems jointly, Charles q. Perkins, its
former president and present director
being director in the Northern Securi-
ties company. The certificate of incor-
poration Of the latter, filed In New Jer-
sey, Nov. IL. 1901, Is quoted in full.
The charter OF the Northern Securi-
ties company, organized Nov. is, 1901.
with Its principal office at the city OF
Hoboken. N. T., is quoted entire. and
the complaint Continues:
That said Noftherr Securities company was
incorporated at the iastigation and request.
and under the direction OF James J. HUI arid
William P. Clough, and certain other stock
holders OF said Great orthern, to your ora
trix unknown. who. with s satd HIN and
Aisposition ana management, ~ Asrelnafo.