Rosebud County news. [volume] (Forsyth, Mont.) 1901-1906, 1902-01-02

the transaction for the Northern Pacific
while, at the same time. the credit Of the
Northern Securities company would be much
amount of Great Northern and other securities
The Northern Securities company is organ
lied to deal in high-class securities. to hold
the same for the benefit of its shareholders and
whose securities 1t owns. Its powers do no.
include the operation of railways. banking.
mining nor the buying selling of securities
properties for others on commission: it Is
purely an investment company and the OBJ.
ject Of Its creation was simply to enable those
who hold its stock to continue their respective
interests in association together and to pre-
vent such interests from being scattered by
death or otherwise: to provide against such
attacks as had been made upon the Northern
Pacific by rival and competing interest.
whose main investment hundreds of
miles from the Northwest and whose
only object in buying control OF the
Northern Pacific was to benefit their southern
properties by restraining the growth of the
country between Lake Superior and Puget
Sound, and by turning away from the Northern
lines the
Enormous Oriental Traffic
which must follow the placing on the Pacific
of the largest ships in the world
The foregoing is a brief and absolutely COR
rect statement of the whole subject and its
truth can easily be verified by the State of
Minnesota any other state or person having
sufficient interest to investigate the facts.
which all matters OF record.
Now as to the effect of what has been done
upon the public interests of the country, let me
ask few question which want every candid
and honest man to answer for himself:
Did the Union Pacific people with their rail
way lines extending from Omaha and New Or
leans to California and Oregon, through the
several states in the Middle West and South,
purchase majority Of the stock of the North
ern Pacific company for the purpose Of aiding
that company and increasing the growth and
prosperity of the Northern country, or was it
frNrt of tiverC anil
aiding the development of their enormous in
teres's hundreds of miles to the south3
Did they purchase the Northern Pacific. and
with it an equal share in the Burlington. for
the purpose of building up the Asatic trade
between the northern zone. lying between st.
Paul and Minneapolis and the Pacific coast.
or to
Prevent Such Building Tn
and control the Oriental trade for their own
railway lines through their own seaports and
over their ownships?
In defeating their control Of the Northern Pa
ctc and Burlington and retaining it in the
hands Of those who had built IT up and with
it the entire Northwest, did we injure or bene-
fit the people of the Northwest?
Did l, by inducing my friends to hold their
Northern Pacific common stock and act Jointly
with Messrs. Morgan & Co.. when this stock
was selling at $500 and $1,000 share and thus
prevent the Union Pacific from controlling the
Northwest injure benefit every interest ag-
ricultural, business and otherwise of the entire
country between Lake Superior and the Pacific
coast?
Had we sold our $50. 0oO, 600 of Northern Pa.
cihc. even at $500 a share, amounting to $OO-
OOoOoO. or $4O,OOO.OOO more than it's present
value and transferred to the Union Pacific
control the entire country between Canada and
Mexico, what law Of Minnesota would we have
violated? Could We not have legally put the
money IN our pockets and let the country learn
wnat y was 70 be dominated by parallel and
competing railroad?
Why did Gov. Van SAINT sit still from May
until November while a ma ioritv 81 Tho stoci
Of the Northern Pacific company was con-
trolled by parallel and competing railroad
company to which the law is clearly opposed
and wait until myself and friends have Nv onr
EFFORTS ana with our own money
Relieved the Northwest.
not as rival parallel or competing railroad
put uolng what we clearly have the right to
90 as individuals working together for
greater permanency and security as financial
corporation?
Has there ever been a case in the history ~
tnls country when men have dropped their
money profit and stood firmly by the interests
or the communities which had grown I'm with
their own and largely by their own efforts and
capital? - "NN
The public is interested in having good
railway service and at fair and reasonable
rates. The past is gone and speaks for itself
| can speak for the future and I have no
hesitation whatever in saying that the in
creased volume of traffic. both throuph ana
local. will enable the companies to reduce their
rates in proportion to the volume Of such
traffic, and that in the near future thNcuhlic
~ nave CHdnce 10 see FOR itself this feature
or what l have said. The DEVELOPMENT of the
country VIII increase with greater increase in
population between Minnesota and the Pacific
, NO merger or consolidation of the Northern
racine ana Great Northern is contemplated
Each company will be operated separately in
the future as in the past.
greatly dislike to discuss my business in
the newspapers, but during my absence an at
tack mas been made upon myself and friends
when mas been persistently supported by both
poltlcai ana rival interests. All l ask is fair
pay. and let time determine whether the pub-
lie Will be benefited injured by what we
nave done and will continue to do.