The Minneapolis journal., 1903-04-30
500 MAY BUILD
THRU TO COAST
This Threat Is Made in New York
by High eanadia1f Pacific
Official.
Sir Thomas shaughnessy's Irish
Blood Is Up and He'll Re
taliate on Hill.
Canadian Pacific Councils Are Di.
vided, but Shaughnessy Has
the Whip Hand.
Special to Tho Journal.

Special to Tho Journal. .
New York. April 3O.-It appears that the
plans of the Canadian Pacific are great
deal more far-reaching than has been sup
posed. The officials of that road do not
hesitate to express themselves in strong
language when talking of the present ,rela-
tions between their system and the roads
owned by the Northern Securities com :
pany. r.
An official here says: II cannot repeat
too often the fact that we are not 60
Ing to enter upon any aggressive inva
zion Of the territory now occupied by other
lines; but you may take 1t for granted
Z once for all that If the Great Northern
and Northern Pacific pursue their present
policy with regard to the boundary terri
tory much further, they will get reply
from the Canadian Pacific that. will open
their eyes. There are surveying corps
in the pay Of the Canadian Pacific now
In the field between Spokane and the Ca
madam boundary and Seattle and Van
couver. That Is the shape that our reply
will take to Mr.. :Hilrs invasion Of lower
British Columbia by means of Great
"Moreover, unless this thing stops soon,
500 line surveyors viii 90 clear thru to the
coast" -
There is no necessity to make deduc-
tions from these remarks. They carry
their meaning on the surface. 3, It: trans
pIFeS dlSO lllet Till Ids III IuS pEeSl-
dent Of the Canadian Pacific a bitter op-
ponent.,R .tttfsf :. - W.
Sir Thomas Shaughnessy does not share
with Lord Strathcona and Mr.. Hosmer
their sympathy with the plans and ambi-
tons of Mr.. Hill Mr.. Shaughnessy Is
Irish, and is prone to say what he thinks
regardless Of consequences. He openly
expressed his pleasure at the recent de-
feat of the Northern Securities company,
and he does not hesitate to say that he
Is going to look after the rights of the
Canadian Pacific both in British Column
b1a and elsewhere. ~ IT
.&, Why Not Coast Line? Z = Il.
II Is significant that high official of
the 500 line has recently been doing con-
siderable talking about some small lines
that are being surveyed for his road due
west into North Dakota. 1t is quite pos
! sibre That one of these lines instead Of
being merely a local feeder, Is intended
ultimately to become A new trunk line to
the Pacific This of ffafs is quoted as
saying that he believes there is4slots Of
room in North Dakota for local lines be-
tween the lines Of Northern Securities,
and If there is room for local lines there
is certainly room for a trunk line. The
consciousness OF the fact that Mr.. Hill
intends to perpetuate Northern ,Securi-
ties in one form or another. in spite Of the
bitter opposition of the public In his ter
ritory., creates a magnificent opportunity
for such new trunk line. From the out
set it will be backed by the public. It
would be essentially an American road
as Is the 500 line, or as was Great North
ern, which was built in great part by
English capital.
Conservatives Want a Dividend.
At present Canandian Pacific councils In
Montreal are somewhat divided. Pres1-
dent Shaughnessy is for immediate action.
Senator Cox and Mr.. Hosmer and the
Bank Of Montreal are opposed to anything
aggressive at the present time The in
terests of the two former are pretty close
1y+ wrapped up with Mr.. Hills enterprises,
although Mr.. Hosmer states that he sold
his last share of Northern Securities about
half an hour before the adverse decision
was rendered at st. Paul. The same lines
separate the directors on the dividend
question, those who oppose aggression be-
Ing in favor Of an increased dividend,
while those who favor it oppose any In
crease on the ground that the company
can use the money to better advantage.
The dividend meeting comes in May, and
has gained new Importance on account Of
this division, 1t is believed in Canadian
Pacific circles here that STR Thomas
Shaughnessy and his friends will be able
to carry every point and dictate the poli-
cy of the company. Mr.. Shaughnessy
votes the proxies Of nearly all the de-
benture stockholders, and has the conf
dence of his people to the most remarkable
degree. 49,