The Billings gazette. [volume] (Billings, Mont.) 1896-1919, 1904-12-09
HARTMAN BOUND TO CONTROL
NORTHERN PACIFIC.
MORGAN OUT OF The DEAL
If Union Pacific Wins Out Ii Will
Also Secure Interest in Bur-
linston System.

New York, Dec. 7.-E. H. Harri-
man, representing Union Pacific in
terests, and James J. Hill, represents
ing the Northern Pacific-Great North A
ernB Burlington interests, declare that
there can be no compromise of the is
sues as stake in the pending North
ern Securities litigation. 1t is to be 4
fight to finish for control of the
Northern Pacific railroad.
Should decision of the United
States court be handed down in favor
of Mr.. Hartman in the Northern Sc
curities case, President Hill, who now
controls the situation, would be forced
to restore to the Union Pacific shares
OF the Northern Pacific representing
fully one-half of the Northern Pacific.
capital
Decision This Week.
MIR. Hartman has never abanz
doned his idea of getting control or
the Northern Pacific" was the state
ment made by one of the most intiu-
ential directors of that road in dis
cussing the probable effect OF the
Northern Securities decision, which is /
expected this week.
IF the federal court decides in his.
favor do not see how he can be pre-
vented from obtaining control of the
Northern Pacific road. Even it he has.
not enough Of the stock on deposit
with the Northern Securities COM
pany he has enough to command the
situation, and he can easily pick up
enough additional shares in the open
market to give him majority
HiIi's Attitude.
'Will not James ). Hill oppose any
attempt by Mr.. Hartman to get a ma
jority of Northern Pacific stock?'s
''As long as there is a fightinE-
chance Mr.. Hill will fight, but if Mr.. ]
Harriman's contention is sustained by
the United States court do not see
what Mr.. Hill can do, except submit
to the inevitable. You may put II
down for certain that there is to be
no compromise nor amtcable agree
ment, such as Wall street has been
talking about
1T is to be fight to a finish on
the one issue whether Hartman and
his friends are to get the Northern
Pacific road. The Union Pacific
crowd have been cunning for that
property for long time. They want
it and they are not likely to comprom-
ise when they are nearer their goal
than ever before"
What effect would a change IN
Northern Pacific control have on the
Great Northern's 1uture?"
Friction in Northwest.
with the Northern Pacific in the
hands of the Union Pacific there
would be constant friction in the
northwestern railroad territory. This
would mean an acrimonious fight be-
tween two strongly antagonistic inter
ests. The whole traffic and rate situa-
tion in the northwest would be dis
turbed and matters would be greatly
complicated by the fact that Harri-
man would come into a half interest
in the Burlington, which is now owned
jointly by the Northern Pacific and
the Great Northern. Hartman and
his associates, understand, will uI-
dertake to buy out Mr.. Hills interest
in the Great Northern. That would
be the logical solution of the difficul-
ties that will arise if the Union Pa
cific gets the Northern racific.'
Morgan Is Out.
what is J. Pierpont Morgan's re-
lations to the Northern Pacitic?"
"Mr. Morgan is influential in. the
present board of directors. His inter-
est in the stock, however, is by no 4
means what it was, and it if safe to
assume that whatever contest is to be
waged will be waged by James ]. Hill
on the one hand and 3. Ii. Hartman
on the other Mr.. Morgan, think, IL
practically out of the northwestern
railroad situation" sssE