The citizen-Republican. (Scotland, Bon Homme County, S.D.) 1???-19??, 1904-04-21
IT'S ROCKEFELLER
AGAINST MORGAN
Real lnwardness OF the Contest
for Control of the North
ern Pacific.
IT MAY CAUSE TROUBLE
Explanation of The Detail of Relations
Between the Big Financial Inter-
ests Involved in the Lines to
the Coast.

New York special: Unable to settle
their difficulties in the stock market or
through arbitration. John D.. Rockefel-
Ter and j. p. Morgan have carried
the war for possession OF the Northern
Pacific railroad to the courts. AS a
result, there is danger OF the great
stock panic of May, 1901, from the eff
fects Of which he market has never
fully recovered, being renewed.
refusing to accept the distribution
of assets by the outlawed Northern Sc
curities company, as planned by Nor
a and J. J. Hill. Z. H. Hartman,
manager of the Rockefeller forces, has
asked the United States circuit court
to compel Morgan to hand back to him
the Identical Northern Pacific stock
which he testified under oath Morgan
dubbed him into ~depositing in the Iner-
ger.
Harriman's petition was filed in ST.
Paul late Saturday night. So secretly
was 1t done that the fact did not be-
come known until yesterday morning.
1t was served on Fl. Ct. Grover, e. W.
Bum and George e. Young, attorneys
for the Northern Securities company,
n is returnable at st. Paul April IL.
Battle VIII Be FierceIy Fought.
William d. Guthrie, Morgan's law
yer, signs the petition with Judge John
f. Dillon, the Rockefeller-Gould adj
wiser. Both are formally attorneys for
e. Fl. Hartman and Winslow S. Pierce,
who bring the suit as trustees for the
oregon Short Line, in whose treasury
the Rockefeller shares of the Northern
Securities stock are held.
h joining IN the same petition OF
adverse lawyers is done to give the ac-
ton the outward appearance of q
friendly suit, but the battle viii be
waged none the less fiercely because of
this fiction. Hartman, as before said,
has sworn he was dubbed into the mer-
ger, and Rockefeller has ordered him to
get the stock back again.
The formal demand Is now made that
the Oregon Short Line, as a stakeholder
In the Northern Securities, be permit
ted to intervene in the suit just decided
by the supreme court and have the de-
cree modified SO as to compel redistri-
button of original stocks pu into the
merger.
Buying of Union Pacific.
This movement explains much OF the
fevertsh buying Of Union Pacific stock
by Rockefeller and Morgan forces the
last two weeks. It was decided ten
days ago to carry the battle TO court,
and this has now been done.
But before that decision was reached
the buying Of Union Pacific became
heavy. Purchasing on the part of one
wing of the Rockefeller hosts was due
to the fact that they had sold great
blocks of 1t In the belief that an adverse
decision on the merger suit would break
the stock market.
When the market refused to break on
the announcement of the merger deci-
sio there was q wild scramble to get
this stock back.
j. F. Morgan, observing the buying.
Also bought Union Pacific heavily for
several days. At the same time ]. J..
Hill went into the market as a pur-
chaser Of Northern Securities.
Fight in Market.
AL! stocks were so closely held. how
ever, that both sides knew there was
no hope OF deciding the fight in the
market at any price, SO competitive
bidd!ag became quiet. 1t Is quite like
~, however, that the stock will be torn
with g spectacular fight as soon as the
court has decided Harrlman,s suit. TN
eli then neither side will know where it
stands. II those who sold stock to the
sorthern Securities company get back
4 exchange fof the cancelled merger
STOCK the same shares deposited origt-
Taiiy, as Hartman demands. IT will
give the Rochefeller party control 81
the Northern Pacific.
When the@Northern Securities com
pany vas formed the Rockefeller party
George 81 Gousa and fs.s Kuhns Loefs IS
SO facttpna had control Of the North
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