The Mitchell capital. (Mitchell, Dakota [S.D.]) 1879-1918, 1903-10-09
iOWA MIGHT HAVE Hnn :,
Tie Railroad to Become A..a
Hill Mercer. q ths

New York, ovt. I.-4.e rr;o n.
IS To a The place =. sa4
Securities corn1arv fr me
he federal supreme couIt nraa.u CaSs
he latter be ana Ie ~ 80 mat
IT STOCK in the G-eat Nor, M l-'.ss
Northern Pacing be returned 20 .st
original owneIs " me
This is the latest report n, -.
itreet. Many things indicate IL is val
The recent election OF ., RI = lu",
is a director or the Ellie ragr,,a5 nan
{eyed in NAH sl4=4l u ps.a - IF-
greater significance thau mas nee,
ached to 1t. al trsl IL W,z smE[ ~
% be merely an indication 81 ,1Ist-
ationS The A1CI gan AMI X,
Loeo interests IL MS SEATED in Im~
:erSative \, all street IIry4es $50
hat by this step Air. Mot-aR ia H%S
yioing a suiutiot OF the N.r.n4rn g
eurities difIicoity in the event ma, ~
supreme court confirms the de-,
The circuit court OF appeals ana o.
The redistribution ui ne set4lri,ia,
Northern Pacific. Great NorloeTn "
Chicago, Burlington and QuIacy ~
,oads among their original nodes.
Erie 20 sc the So!utIon.
This solution Is the turning oyar &c
The control OF the three systems T., -
Erie ralIrGad. which viii Z t1a MI,
IL GttS MIL Ll--A4 SECURITIES GBIur-T.=. ,
i holding company ana Vii oe.,,r1
he eastern terminal OF the three era~.
raiIroa4s. Air. morgan has annie ~
@edent for / action in lae auSer-,.fr,
of Lake Shore ana Michigan ~gut-.-'
and Michigan Central by me New Tort.
Central railroad.
Mr.. Hartman is II Of the )arras.
holders OF Northern Securities sTas!-
and he was the largest holder Of ~.
-r~-t- - 49, -
cific railroad lie is said TO have
scented 10 the plan ana the withdraw
Of the keene suit against Union Pa.
csfc was part OF the contract. Bmh
MIR. Morgan and MIR. Hartman v-.re
afraid OF the keene suit. II !nv91rs5
points not touched upon in the Mort.
err Securities suit, which the gree,
railroad interests Of the country ei
not want the supreme court 10 mss
upon
Nh. Morgan and James ]. Hi, Who
arrived in the city yesterday, have bean
in close consultation over this rnatte-
They are determined TO find d solution
Of the a and they believe that n;
Erie plan affords IL
1t is nearly two years since the petite
agents OF The Northern Securities CON
pany N Iowa secured the passage d
aeasure at Bes Afoines, intended as va
generally 5GEfSsSG ED aICTE q -GGltc..s %
the great Hill merger il this sta.s IN cas-
the Northern Securities should % lis
solved by the courts
That plan was TO De accomplish
the laws SO that an Iowa raj
road corporation whether owning G
merely leasing roads, could incQr un2.n
tied debt. Governor Cumnains vetoeI Il
!, hill, known as the -No-sbeTry sili,' al
: in ysco:ng il declared TO tae !esiS!atu,
his belief that Il was Ent=nds3 10 pF0TEi
2 Goa7!c{le for the big merger in case
should not be able to carry through L
Northern Securities plan Had this psz
carried. and had sas governor not Te-C:
rhe measure Il IS understood Inc Ch.css
R5rlingtcn and Quincy Railway c3EE2G
which Eow leases the pr5pG-t G ::
: BURLINGTON system, would also ma
: leased the Northern Pacific and G.s
I sSo-yhe-n; or else, mat ! TCu-6 ~
: bought them by exchanging Is snare I
. Rut the plan failed IN iowa ard :
: z=ye move was To Try 70 PASS L Sl--.
: law IN Nebraska L WIS supposed L.
ard N{ss54ri River read. IN S=5-ls:
!, would have Become -hs Contra! CO..
IN the merger. either E@2SLlS Of 1e@2-
: E-E rs UNLIMITED" securities GGr KEGS:
i -ra Burlington. Great Northern e
j Nrrznsru Pacific systems BGS lEe :.
2 failed N NeorasE2-
i IL Iowa Ehea -= matte :
before the i@g.sllElrE bengal [hsES "
lave sluEtE- whether the aew pan "
pr-a water If attacked n TIE courts, :
: FCSEFsIsss -he legality o Lhs new sEz=
< - nstrg rne Erie, which Ell ce-.-.
: I'll Iikew-ss Es called II 4E@tHoA-