The Cooperstown courier. (Cooperstown, Griggs Co., N.D.) 1902-1913, 1902-10-30

the forest. II the man VINO pr00uCeO IL
could notsell A. hewouM stop producing.
meet, and with the Burlington we find
ourselves able to meet it.
Oriental Trade. -
Q. Mr.. Hill. are you able to state the
comparative growthof that Oriental traf-
fics since Its inception up to this time?
A. The growth has been very rapid. In
some commodities more rapid than In
others. Last year the increase was very
large in cotton goods. both raw and
manufactured, and in machinery and In
some other commodities it fell on. The
The Patonm oil. by some arrangement,
has that market largely and We do not
carry the oil we did. SslAS.s 5ss
q. Taking the aggregate Of the trafac,
the total amount Of It.
A. Well. should say that In 1902-the
year ending June 30, 1902-the business
was more than twice as great as it was
were in better position to do the business.
@. Can you give us the quantity OF cot
ton. raw cotton or piece goods, that was
carried in 1901 and 1902?
A. can give 1t to you exactly by the
Great Northern.
Q. Yes, by the Great Northern We are
speaking Of.
a. IN 1SV4 the amount Oh COttON piece
goods was 1900 bales; 1902, 64,542 bales.
Raw cotton in 1901 was 13.2so.o0o pounds.
against 41,243,000 pounds the next year.
Continuing his testimony Mr.. Hill ex-
planned that they made their ships large
for the purpose Of reducing rates. They
could carry cargo equal to what five
ordinary freight steamers could carry with
only one crew instead of five crews. In
all their movements there was no inten-
N I'M n a
it. and 1t has greatly increased commerce
between the United States and foreign
nations. These arrangements have only
been perfected about a year and the busi-
ness has more than doubled on the Great
Northern road. He said he thought the
total tonnage of the Great Northern
road will show the increase to be about
increased over 100 per cent. 1--WE have
been able to reduce rates from 10 to Is
per cent in a year on the local business
between the Pacific coast and the Twin
Cities and Lake SUPERIOR" was his an
swer to the question as to what effect
the increase Of business had had IN the
reduction Of rates.
@. At the time of the purchase Of the
Burlington shares, was there any purpose
or intention to restrain or hinder the
traffic Of the Burlington road itself, in
terstate traffic?
A. No, sir, none whatever.
@. What has been the effect of that
purchase upon the traffic of the Burling-
ton road? Has Il ht1dered 1t, restrained
1t, or has it increased It?
A. think that the traffic Of the Bur-
lington road from Billings to the south
west has been very largely increased, and
from here to the south the increase has
been considerable.
q. What is likely to be the future eff
feet? Win it be to restrain or to enlarge
the commerce Of the road?
ried out, 1t should make very large in
crease In the traffic. For instance, II the
iron ore from Minnesota can find the fur
.naces in Missouri or Southern Illinois or
down in that country where they get
cheap coal. and bring back coal in the
same cars. cars adapted for moving one
moving both. that business alone should
run very soon into millions Of tons. That
is one. know Of no place where the
business would not be increased. know
Of no place where It would not be in
creased and benefited. I can imagine
none.
He further explained that the reason
why they had not begun this earlier was
because it was q very large undertaking
that the Northern Pacific was just en-
merging from an embarrassment which
made it inexpedient for 1t to Join.
The question Of a holding company was
not part of the Burlington transaction. It
was not discussed or thought Of; neither
was there any purpose at that time to
secure control Of the Northern Pacific
stock. $3.50 -s-'
He said one Of. the Great Northern d.
rectors raised the question that inasmucf
as the purchase of the Burlington stock
and the creation of a bond to pay for it.
involved the point and several liability of
the entire amount Of the purchase, 1t was
a matter Of consequence to the Great
Northern to know that the Northern Pa
cific would not pass into the hands of
people VINO might be interested In other
He didnot think that siayof the omcersi
Of the Northern Pacific Company had any
thing to do with organization Of the
Northern Securities company. The North
ern Securities company simply bought the
stock Of the Northern Pacific from the
people who owned 1t. The corporation did
not own any stock that he was aware Of
and at any rate 1t did not sell any stock
to the Northern Securities company His
own sales and those Of his immediate
sfriends.y the Aeye1a parties he had named.
were absolute without 5any condition or
trust or implied agreement or anything
HoW the Northern8 Securities itompanys
should vote the stock-no condition of
any kind attached sale. The sale
WIS not the result of any 1greementwith
each other. III 81 & =
.RepEyi1E to -queetionS rs. swh9thSt NJ
Hiil. Solicited par ties 20 buy the stock
~ tina Nnrtharn Securities companY Mr.