The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-04-12
Hartman Out Of Northern Sc
curities Directorate and Hill
Men in Place.
Merger King Dominates Situation
but Fears Moves the Cana
dian Line May Make.
Special to The Journal.

pany. By, vote Of strictly the Hill
shares and proxies, representing in com
bination 2,649,OO0 shares, Mr.. Hill
elected Amos r. French, son-in-law Of
John 8. Kennedy (also Of the Northern
Securities company, and one of Mr..
Hill g stanchest supporterss) to Mr.. Har-
riman g place on the board.
There was. no contest over Mr.. Har.
riman's displacement. The stock held
by the Hartman interests, including the
$82,000,0O0 of Northern Securities
shares in the Oregon Short Line
treasury, was not voted at the meeting
at all, nor has it been voted at any
Northern Securities meeting since Mr..
Schif made his proposition to the board
for settlement Of the whole disturb
ance a year ago. and it's absolute rejec-
ton by the Hill interests.
Encouragement Next Monday.
Last Monday the final act Of the long
drawn-out Northern Securities affair
will be enacted. The rearrangemen
of the northern lines will probably
date from April Is, unless the private
affairs Of J. ). Hill should cause some
slight delay. ~ -.
The next two months are going to be
rather. critical times for the shipping
interests of the northwest. It will be
settled in what relationship the North
ern Pacific, Burlington and Great North
ern will stand toward one another.
Continuation Of Policy.
Continuance of the Hill policy is pre-
dicted by one of the Northern Securities
directors, who said today: ....
"The Burlington, Northern Pacific
and Great Northern are worked togeth
er today, just exactly as they were be-
feating this alleged combinations! They
will continue to be worked together
until someone brings up a case where
this cooperation is restraining trade
Then the roads that are thus breaking
the law will pay 800 day. think
! that is the fgure-so long as they KEEP
up the wrongdoing; and after thai
| more-but not in the same specific way
Hill in the Saddle.
the northern combination-siHts I'D mai
Hill. So long as he stays in harness
and he looks good for years yet-he
will be the policy Of the northern lines
He has trained up one Of his sons tt
take the burden from his shoulder:
chosen successor will worthily carry OF
the work. He is as good a judge Of
that point as Is any man on the CONT
nent. III
: 1T looks as tho the northwest is tx
have the famous 'Hil1 policy in perpe
: tuity. That policy is well known. I
!, means the making Of traffic center
= where no traffic was before. TIL
: northwest cam explain the method
: whereby Great Falls became market
Seattle grew from the art of catching
fish into Tho ne r11rnirnr oo,,,,,, AZ
cial clearing house for the Pacific ocean
Spokane became worth taxing -
The Oriental Trade.
"There is going to be hot competi
ton for the oriental trade Ever,
muscle is being strained by the tw
great Pacific magnates to get ready TO
I 1905, such as has never been seem be
fore. They are looking forward t
\ peace. They, are getting ready for il
They believe that the result Of the wa
going to be that Japan will become
l. mighty commercial nation on the sea
just as the wars Of the fifteenth centur
made Holland and England traders t
the ports Of all the world.
Canadian Pacific. d.
"The one feature that is trouble
ootAo 10 ooAcaAACA L CtC1uC IL IL were CG]
e tain that this company could be kept i
- line there would not be single clou
q in the sky. But it is not certain. Til
- only thing about it that is certain
"a that the management Of this road ha
r. punches Of money and is spending then
se Equipment, steamships, everything is
a. ting their road in shape for comme ere
n away beyond that which they have g
III present We hear, and on exceller
~ authority, that the Canadian Pacific
-. laying tracks into Spokane, under th
# auspices of a man called COrbin. The
ii have right-of-way, thru the Grow
n. Nest pass, which will give them lin
g Northern from Spokane to Minneapol
~ and several miles shorter than Norther
10 Pacific. Also, it saves 500 feet Of ris
~ eastbound. Everybody denies tn;
-, 20 Canadian Pacific has anything to
! with it, but an official denial fro
-, Montreal has about as much force {
y any other official denial.
s. ':fMr. Hill is wishing to goodness thu
in someone else than Canad dian Pacific ha
# bought the 500 line when that cor
pany was a couple Of streaks Of ru
rs and a right-ofway. But Hill will n,
IN invite fight. He remembers how tt
~ Canadian Pacific busted the trait
Il pool out of San Francisco--how the
70 dictated rates and everything else
ce the transcontinentals in 1877 thin
" it was-when the Canadian Pacific W;
= not the same Canadian Pacific that it
N today. Whatever Mr.. Hill may ga
about subsidized railroads, you may tai
ca it as fact that he does not want
tv fight with one loaded with subsidies
in is the Canadian Pacific.
stThe plan of j. J. Hill in the mort
is to make the roads worth their sci
= ing price. The Northern Pacific WI
be put on a permanent per cent div
\ dend basis. The stock will become
Hill says-a steady Investment stoe
, to net 31a per cent. The stockholde
will get rights from time to time
81 account of the extensions and 9th
- things that must come sooner or late
q The future Of the Northern Pacific
as safe as is the future Of the Pen
u sylvania-or safer. The Great Northe,
= will never pay in dividends more thu
:. & per cent. It will pay the rest
d rights and bonuses. Hill believes
is Inevitable that the Great Northe
q shall earn its dividends. He says ii
n actual living demands Of the northwe
- five years from now will pay his div
y dends, even If not ton Of lumber, 0
or grain is made along the line. 81.
other words, the Great Northern CT
live on the needs Of the people, witho
g commerce.. With Acommerce added,
must become property OF boundle
wealth. Es
g This director, whose word is wor
!. much, is absolutely pledged to the b
!. lief that J. ]. Hill is going to contin1