The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-03-02

state OF Minnesota; and also said lines OF
by said Great Northern Railway COM
pany and also the lines of railway, own
en- er oPe ece ana CONTROLLED by said North
meet with the Hnes, of railway owned
operated and controlled by each Of said
c oe Min respectively, within the state
nnes through the states of North Dakota,
Montana, Idaho and Washington to Pu-
get sound on the Pacific coast, for pas
sengef ana freight traffic. That said COM
Palles are the only railway companies
owning or operating. lines of railway
crossing fsaa tn TIE state of-Mlnnesota and con-
points in Minnesota
Chicago, Burlington & Quincy.
That the Chicago. Burlington & Quincy
railway company, a CORPORATION of the
state OF Illinois, has for many years last
past owned, operated and controlled
connecting the city of Chicago with the
GUY OF Denver in the state OF Colorado,
ana with the city of Billings in the state
OF montana, which last named point is q
Juicllon ana competitive point for freight
ana passenger traffic with said Northern
racine halfway company, etc. That dur
ING the year of 1901 the Great Northern
runway company and said Northern Pa
cine Railway company jointly purchased
% per cent of the total capital stock OF
SAD chicago, Burlington & Quincy Rail
atlIetAlyD dSSTeSdllnS dppTOAl1QGC
9loI,VOV'oVo, par value, and now own the
same, ana issued in payment therefor
the Joint bonds of SAID Great Northern
ana Northern Pacific Railway companies
payable IN twenty years from the date
lnereof ana bearing interest at the rate
! OF per cent per annum, payable semi
annually. That the said Great Northern
ana northern Pacific Railway company
issued and delivered in exchange for each
S1U IN amount of said Chicago, BUrling-
ION q Quincy Railway company stock
I b1Y angTr1 rf
that under and by virtue Of the purchase
of the said stock the joint ownership and
control of the said Chicago, Burlington
d Quincy company are vested in and
ever since have been exercised by the
SAID Great Northern and Northern Pa
enc Railway companies. During April,
1901 and ever since, the following named
persons constituted and now are the
members of the board of directors Of the
Northern Pacific Railway company:
James j. Hill, Robert Bacon, George F.
Baker, E. H. Hartman, II. Mcl<.
TWombly, Brayton Ives, D. Willis James,
John 5. Kennedy, Daniel S. Lamont,
Charles S. Melen, Samuel Rea, William
Rockefeller, Charles Steele, James Still
man and Eben B. Thomas On Nov. Is,
1901, J. Pierpont Morgan, with certain
other unknown persons, but who were
acting with said Morgan, owned and had
in their possession, or held and had sub
ject to their control and disposition. up
wards of IS per cent of the total capital
stock of said Northern Pacific Railway
company. The Northern Securities COM
pany was organized on Nov. Is, 1901 with
its principal Office at Hoboken, n The
state Of New Jersey, and the object Tor
which the corporation was formed, as
stated In the articles of Incorporation,
is to acquire and hold, as inVeS tmentS,
the bonds, securities and capital stock
of any other corporation or corporations
of the state of New Jersey, or of any
other state, territory or county, and Wnlie
owner of said stock to exercise all the
rights, powers and privileges of owner
ship, including the right to vote thereon;
and it is declared that the corporation
shall have power to conduct its business
in other states and in foreign countries,
to have one or more Offices out OF the
I state, and to purchase, hold and convey
real and personal property out of the
state.
1t is alleged that the Northern Sc
curitie5 company was incorporated at
! the inStigatiOn and request of James j.
Hill, William P. ClOugh and certain un-
known stockholders of said Great North
ern Railway company, who, with SAD
Hill and Clough owned or controlled or
have the disposition of a large majority
of the capital stock of said Great North
ern Railway company, and with the CO.
operation of j. Pierpont Morgan and ce1-
tain other unknown stockholders of sad
Northern Pacific Railway company. VINO,
with said Morgan, owned and controlled,
or have disposition and management Of.
a large ma jority Of the capital stock Of
said Northern Pacific Railway company.
On Nov. IA, 1901. James J. Hill, George
I F. Baker Daniel S. Lamont, James Still
man, N. Terhune. Samuel Thorne, Charles
l.. Perkins, Jacob H. Schiff, viii am 3.
/ ClOugh, John S. Kennedy, Willis James,
E T. Nichols. Robert Bacon and e. H.
Hartman we've Cl3cted directors Of the
| Northern Securities company, and said
directors on Nov. 15 1901 elected James
]. Hill to be pi esident; and John S. Ken
nedy, George F. Baker, Willis James
and William z. IlOugh to be vice DrnSi-
dents, and e. T. Nichols to be secretary
and treasurer of said company. 1t is al
alleged that the holders of a large ma
Jointly of the capital stock of both sad
! Great Northern and Northern Pacific
Railway COMPANIES had knowledge Of and
assisted in the formation Of the said
| Northern Securities company. and that
such stockholders, SO consenting and as
sisting, constitute all of the stockhoId-
ers of said Northern Securities company.
The bill charges that the purpose of
the formation of the Northern Securities
company was to place the management
and control of the Great Northern Rail-