Courier Democrat. (Langdon, N.D.) 1891-1920, 1902-10-30

outside of cotton. take nails, wire. nrti.
c CT s.e Of that kind. that business has grown
very low one from Lake Erie to Hong
kong; It Is ~ cents u hundred, 50 a ton. on
Louis and all the trunk lines Of the East
between St. Louis and Chicago puts us In
n vastly different position; and that is tho
us to control the situation. We could not
control it unless we could give a market
for the production of the lne-products
Of the mine or from the farm or out Of the
forest. II the man who produced it could
not sell 1t, he would stop producing. And
and with the Burlington We find ourselves
able to meet it;
tic since it's inception up to this time?
A. The growth has been very rapid. In
others. Last year the increase was very
large in cotton goods. both raw and
manufactured. and in machinery and IN
oil, / think. was considerably reduced
has that market largely and we do not
the total amount Of il.
- a; Well. should i, say I'll, that in 1ao2-the
was more than twice az great as It was
wee in better position to do the business.
G. Can you give US the quantity of cot
carried in 1901 and 1902?
A. can give it to you exactly by tho
Great Northern.
@. Yes, by the Great Northern we are
speaking Of.
a; In 1901 the the amount os Of eotton piece
Raw cotton IN 1901 was 13,23O,O0O pounds.
against Al 900 pounds the next Year.
pasd a his maas Ser M sp5 large
for tn, 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-
ton to 9 hinder commerce, but to promote it,
hdf nyso tsss and
nations. These arrangements have oni;
neen per perfected about year and the bust
th an I'd the Gea
total Of tonnage OF the Great Northern
road will show the increase to be about
per cent and oo thu foreign business
been able, to reduce rates from 10 to Is
per cent IN year on the local business
tiss nr the Paeie coast and the Twin
sWer. to the question as to what effect
the increase Of business had had in the
reduction OF rates.
Burlington shares, was there any purpose
or intention to restcain or hinder the
traitie Of tn burlington read itself, in
\. No sir. rome whatever.
Q What has been the effect of that
nul chase chase upon the traffic Of the Burlng-
it, or has it fncreas ed it?
\; I think that the traffic Of the Bur-
west has been very largely increased and
frt m here to the south the increase has
teen considerable.
g; What is likely to be the future eff
q fn froir,
the commerce Of the road?
ried out, t should make a very large in
iron ore from Minnesota can fiEd the fur
naces in Missouri or Southern Illinois or
down down, in M. that country where they get
same cars, cars adapted for moving one
moving both, that business alone Should
rum i very soon into millions Of tons. That
business would nos be increased; know
OF no plac. WHARF, ii would not be in
creased and benefited. 1 can imagine
none.
He further. explained that the reason
why they had not begun this earlier was
because pee use It was very large undertaking
that the Northern Pacific was just en-
merging from an embarrassment which
mage AGE 1t ins s;a for it to join.
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.
He said one of the Great Northern di-
rectors raised the question that nasmuch
as tf ne purpose Of the Burlington stock
involved the joint and several liability Of
the entire amount of the purchase, it was
to OF knoW 1s e the Great
people who might be Interested ste in othe or
directions.
He did not think that any of the officers
of the Northern Pacific company had any-
thing to 90 with the organization of the
No No Securities company. The North
stock of the Northern Pacific from the
pepole who owned it. The corpora ton did
not own any stock that he was aware of of
own sales and those Of his immediate ate
friends aea h the eleven parties he had named
trust or implied agreement or anything
else: There was no understanding as to
how the Northern Securities company
any kind attached to the sale. The sale
was u, not ot, the result OF any agreement with
Replying to questions as to whether he
Hill; solicited parties to buy the stock
Of the Northern Securities company. MI.
told them that It was a matter they must
determine Tor themselves-and he had so
many IHuuiIleS lIaC unally he prepared a
circular letter as an answer, in which he
explained that the Northern Securities
company did not operate and could NOT
operate a railroad. but could only buy
and sell shares of railroads. and the value
OF it's stock depended upon the profit
made by the railroads the stock of which
the Northern Securities company might
acquire.
lie left each INQUIRER to act his own
pleasure without giving advice.
The Second Day.
On the second day of Mr.. Hills testi-
mony he was cross-examined by the at
torneys for the government. 1t was de-
veloped by his testimony that Hartman.
who represents the Union Pacifcs inter-
ests is the largest individual stakeholder
in the Northern Securities company
This came about by the large purchase Of
Northern Pacific stock by the Union Pa
citic made during the. raid in May, 1901
In response to questions Mr.. Hill said
there was nothing to prevent Mr.. Harri-
man from buying more stock of the
Northern Securities company. If he was
willing to pay the price asked for it by the
owners He might even buy enough to
have control. but he. Hill. did not think
the owners would be likely to sell it. and
so that though he now has some eighty
or ninety millions of the four hundred
millions OF stock. he did not consider it
likely he would ever have control
He explained that the organization of