The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-03-26
/ HYPHEN CEMENTS
MERGER FACTIONS
| Hill and Hartman Adopt Gen
tleman's Agreement" for
Mutual Profit.
-
Nothing Has Occurred to Destroy
i Peace Arranged After N. p.
- Panic.
~Conspiracy to Obey the Law and
Make It Pay All
-. Parties.' :,i..e@
|
Special to The Journal,

Special to The Journal.
New York, March 26.-Messrs. IIar-
rinaan and Hill have formed what one
of them calls "a conspiracy to obey the
They intend to conform to the smallest
letter of the law as it stands on the
statute books to-day, but they do not
Intend that his conformity shall in
1.-The least hinder the execution Of their
plans in the northwest, or destroy in
4 the smallest item their community Of
interest. - ~ -. ',s' s., #r
On this point the Wall Street Jour-
nal, which has been steadily opposed
to the form Of the Northern Securities
company, but has at all times COM
mended the idea Of community Of in
comment: - b. ~-
cit is important to note that no radi-
cal change has been accomplished in
the relative situation Of the northern
transcontinental lines as a result Of the
Northern Securities decision. Fl
>"IIill' and Hartman continue to
Nominate the territory lying between
the twin cities and the Pacific, from
the Canadian border to Denver and
San Francisco. Hill and Hartman
proper phrase'to express the dominant
power in the northwest being The
HiH-Harriman Interests
L
1.-THE hyphen was created at the
conference following the Northern
Pacific panic, and nothing that has
happened since has even threatened to
blot 1t out.
70 1.-The proper community OF interests
between these two powers Is g. gentle
mans agreement founded upon nlu-
tual profit. 1t will eliminate war, cur
tail waste, humanize competition, and
assist development. ~ ~s
Herein it is a valuable asset to all
parties. To capitalize it as in the
Northern Securities is illegal. There
fore, 1T will not be capitalized. -
'''Unincorporated, the community of
interests will yet continue to show
profits both to its sponsors and it's pub
lie. Mr.. Hill considers half the gains
Of Burlington since 1901 due to the
harmonious operation of the northern
Hoads.,
Mr.. Hill is Of the opinion that the
great development of traffic on the
EGreat Northern and Northern Pacific
scould not have been accomplished
,without cooperation. That cooper
nation will certainly continue.
Success Of Union Pacific.
'Mr. Hartman Is Of the opinion
that a voice in Burlington affairs is
essential to the future success of the
Union Pacific. Mr.. Hartman will con-
tinue in a position to see that the Bur-
lington does not divert his best freight
from Ogden to points farther. north.
MIR. Hartman believes that North
ern Pacific hostility could cut the bust
ness of the Oregon lines to pieces
Mr.. Hartman may still object in the
meeting Of Northern Pacific directors
to hostile action toward the Hartman
lines: -.,,, =. ,,o,,o4
ix1f NV n.
&arties without corresponding Hill in
tauence on Hartman projects is 1nim-
Heal to the best interests Of the Hill
Zines. Mr.. Hill, we understand, will
Shortly, be in g. position to guaro
.against such contingency by the OBJ
Raining of representation on the Har-
triman board.
"Concessions and benefits are re-
,biprocal and mutual and are received
and granted in a spirit Of amity and
mutual respect that Isl perhaps, the
Natural outcome Of a struggle in which
ssach learned the power and resource
Hulness Of the other.
Public Pays Price of Peace.
IL Il 1.-THE knowledge of the other fact
,fhat the price of war is generally PAID
fby the belligerents, while the price Of
Ispeace is paid by the public, has also
lkmuch to do with it. : .. 49,
- ITO the public or the northWes
!ffhere is no threat in all this amity
1.-THE past two years prove that if they
approve anything. 1t will not hurt Seat
satle if Mr.. Hartman runs trains into
sthat city via the Northern Pacific
GNeither will it hurt Spokane if it be-
Scomes a division headquarters for the
ssUnion Pacific, rll--- ..,e l~
sl ''Nor will it greatly injure Mime
@apois and st. Paul if the Hill lines
iNcontinue to develop the. business O.
that center in harmony. Anyway, nj
.-nawer of law can make Mr.. Hill