The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-12-06
mo COMPROMISED
IN MERGER CLASH
Fight Is Wholly on Hartman S
z Endeavor to Control North
ern Pacific. il
New York Sun Special Service.

New York Sun Special Service. .s.
New York, Dec. &c. II. Hartman,
representing Union Pacific interests,
N Nor Semes Gre ane
ington interests, declare that there can
be no compromise of the issues at stake
in the pending Northern Securities liti-
CATION. It is to be a fight to a finish
for control of the Northern Pacific rail-
road. ,-@.
Should decision of the United States
court be handed down in favor Of Mr..
Hartman in the Northern Securities
case, President Hill, who now controls
the situation, would be forced to restore
to the Union Pacific shares of the North
ern Pacific, representing fully one-half
the Northern Pacific capital.
Decision This Week.
"Mr. Hartman has never abandoned
his idea of getting control OF the North
ern Pacific,'' was the statement made
by one of the most Influential directors
Of that road in, discussing the probable
effect of the Northern Securities deci-
sion, which is expected this week.
eff the federal court decides. in his
| favor I do not see how he can be pre-
vented from obtaining control of the
| Northern Pacific road. Even if he has
not enough of the stock on deposit with
the Northern Securities company he has
he can easily pick up enough additional
shares in the open market to give him
maiority.n
evil not James J. Hill oppose any
attempt by Mr.. Hartman to get a ma
:iority of Northern Pacific stock9''
Gas long as there is a fighting chance
Mr.. Hill will fight, but if Mr.. Harri'
United States court, I do not see what
Mr.. Hill can do, except submit to the
inevitable. You may put it down fol
certain that there is to be no compro
mise, nor amicable agreement, such as
Wall street has been talking about.
cit is to be a fight to a finish on the
friends are to get the Northern Pacific
road The Union Pacific crowd have
long time. They want it and they are
not likely to compromise when they arr
nearer their goal than eyer before ;.
Northern Pacific control have on thu
Great Northern s future?'
Friction in Northwest.
"With the Northern Pacific in tn
hands of the Union Pacific there woul'
be constant friction in I'll the northwestern
|
strongly antagonistic interests. Tn
whole traffic and rate situation in tn
northwest would be disturbed and mat
tiers would be greatly complicated. b:
the feet tina Hartman ina would come Ell mt +
is now owned Jointly by the Northern
Pacific and the Great Northern: Ha1
riman and his associates, 1 understan1c,
will undertake to buy out MIR. Hill
interest in the Great Northern. Tha
would be the logical, solution Of the dit
ficulties that will arise if the Union Pa
cifc gets the Northern Pacific"
Morgan Is Out.
I "What are J. Pierpont Morgan's re
lations to the Northern Pacifc9'
I'M Morgan n j il nuentif Ill in t tn
est in the stock, however, is by n
:. means what it was, and it is safe, to as
sumo at whatever contest is to p
waged will be waged by James. j. Hill
on the one hand and E. Fl. Hartman o;
}. the other. Mr.: Morgan, I think, j
practically out Of the northwestern rail
, road situatiOn.'