Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1903-04-21
Great Northern Magnate Milf
fed at Attitude of the Dom
inion Road
HE MAY ENTER ITS TERRITORY
unfriendly Comment Of the Canadian
Pacific officials Said to Have Deter
mined Hill to Wage War Against
Their Road-securities Decision
Largely the Cause.

New York, April 21.-The attitude OF
Canadian Pacific officials with regard
to the Northern Securities decision is
attracting some attention here, and a
good deal of surprise is expressed at the
candor with which certain officials
have expressed their satisfaction at the
setback received by Mr.. Hill.
1t has always been understood in
Wall street that Mr.. Hill and the Can
adam Pacific management We're on
rather intimate and friendly terms.
1t is remembered that at the time of
the Northern Pacific panic Lord Strath-
coma refused a bid of over 500 for a
block of Northern Pacific stock amounts
ing to 10000 shares, his reason for the
refusal being that there was a loose
understanding between him and Mr.
Hill to the effect that the stock would
not be used contrary to the interests
of the latter. This stock has since been
exchanged for Northern Securities and
is now in the treasury of that COM
pany. Lord Strathcona, at that time
Mr.. Smith, was associated with Mr.. Hill
in the old Manitoba road, in which VEN
ture the two made their first big money
out of a railroad. They have been
close friends ever since and have also
been business associates III almost ev-
cry big venture that either n of them
has had a part in. Lord Strathcona's
influence in Canadian Pacific affairs is
we'll known.
Mr.. Hill does not take the unfriend!y
comment of Canadian Pacific people in
good part. He assumes an attitude of
wanting to know what they have to do
with It," Mr.. Hill is never very happy
under criticism. He is a splendid
fighter but not a good loser. He loses
altogether his usual good nature when
things are going wrong. He laughed at
the current story that Canadian Pacific
intended to invade the territory of
Northern Securities, out to those who
know Nj. Hill we'll almost everything
ne says makes more certain the fact
that the relationship between Cana
dian Pacific and MI. Hill is not just as
friendly as it might be. The latter. in
conversation, makes much of the fact
that he and Canadian Pacific are joint
owners of Crows Nest Pass Coal, but
says nothing at all about their jangles
in the recent past ove British Colum
bic boundary territory. 1t Will be re-
membered that when Mr.. Hill and Can
adam Pacific both wanted to build a
railroad on a practically identical right
of way in the Kootenay pass territory.
Mr.. Hill was beaten in the Canadian
house of commons by the Canadian Pa
citic lobby, in spite of the fact that Mr..
Hill offered to build the road for moth
ing, while Canadian Pacific asked and
obtained a handsome subsidy in cash
and land along with the charter.
Now, there is no doubt that ut the
first opportunity after things are
Strengthened out between the govern
and Mr.. Hill, the latter will try |
what he can do with the Manitoba
legislature in the way of getting &
charter to enable him to carry his lines
that country. If he does, a big
fight will certainly be. precipitated. |
Canadian Pacific has, thru the 500
line. certain charter rights in North
ern Securities territory. and can doubt
less obtain additional rights, because it
is supported in that country by pub
lie opinion, which is of much weight
with legislatures. IN the contrary, Mr..
Hill will have difficulty in obtaining
all he wants in Manitoba against the
powerful influence of Canadian Pa
cific.