The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-05-25
HILL-HARRINAN PEACE NOW.
BOTH SIDES SAY ERA OF HAR-
MONY HAS SET IN.

representative OF Union Pacific Explains
That the Two Interests Arc Too Great
to BE Allowed to Clash and That Divt.
bends and Not Rate Wars Arc tho Thing.
The general impression which has been
growing in Wall Street Of late that The
friction between the Hill and Hartman
interests has given way to . harmonious
underst anding was confirmed yesterday
by represent atives OF both parties. Fro
ouent conferences have been bold between
ar. Hill and represent atives Of tho Union
Pacific. One Of these conferences was bold
on Tuesday, and yesterday no doubt 70
manned that harmony is established.
1t was also learned yesterday that Mr..
Hartman will go abroad In the immediate
future as q sequel of the settlement Of rail-
road disa gTeements in the Northwest.
After the annual meeting Of the Northern
Pacific Railroad last week 1t was found that
Union Pacific interests were out Of the board
Of directors. The Union Pacific interesta,
however voted for the ticket and raised not
tho allShtest objection to 1t. Moreover, .
Is, .fcient explanation for their retirement
from the board was formed In the often ex-
dressed desire Of J. J. Hill to obey The Lawn
iof tho Northwestern States forbidding The
(ssu,e ueu to act as directors Of parallel and
.nompeting lines. There had been no pre-
1iou opportunityto retire The Union Pacific
directors from the Northern Pacific board,
Ibscsnse no annual meeting Of tho Latter
sead bad been held since 1902.
Aspokesman for tho Hartman interests
I'D yesterday that tho reports Of disag1ee-
msuts bseween tho two railroad men had
lbsn greatly exaggerated That there had
ibssn soane differences Of opinion e. to e1-
souttvs policy no admitted These differ
enoeA be sid. had been overcome.
D hes been understood that Mr.. Hn felt
tnaa unless harmony was established b.
ktvssn The two interests rate wars, from
witch neither could benefit, would b tho
kresuk. That tho Hartman interests had
ssssnhed The same conclusion was admitted
;by the nan referred to above. Il would DO
sbaasr, no said, for the stockholders of the
yrsi2road companies to continue to receive
'dividsnds, which In the oase Of some Of tho
companies involved are worry high, than to
spend their resources on rate wars.
4, sThe interests involved arc far too great
no eaid. 'for anything but . friendly under
standing between them. Why should they
'disagree7'
Almost identioary the same opinions
were expressed by q Hill representative.
In some quarters ID was said that written
Agreement had been made, but no con-
frmation Of this could be obtained from
either party. Not only will rate wars be
avoided by the friendly understanding, but
there will be no invasion Of territory.
A friendly understanding between Hill
and Hartman was thought by many to
mean that no deals or changes in owner
chip are imminent. Increased distribution
In the form OF dividends and rights was
much discussed.
Great Northern preferred gained N
points in the stock market yesterday from
the highest the day before Union Pacific
made gain of points during the day. and
Northern Securities was strong.