The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-05-27
]. J, HILL TAKES
MERGERS PLACE.
= :
Now Sole Ruler Of Three Systems
/ Once Controlled by Northern
Securities.
SneoiaI to The journal.

Special to The Journal.
New York, May 27.-The treaty Of
peace between the Hill and Hartman
interests has been formally signed. 1t
amounts merely to an agreement that
the two warning interests of the north
will let one another alone and allow
the development of the northwest with
out any interference. The only tangi-
BILE points Of the agreement are that
the Clearwater extension will be built
from the north by the N Northern Pa
ciflc and without any interference from
southern end Of the extension; that
Hartman will not make any effort to
Interfere with the Hill administration
of the Burlington and the Northern
Pacific, and that J. J. Hill will not in
| wade the Hartman territory or inter
fere with the traffic Of tho Oregon
Short Line. 49,
The situation is exactly as it was
before the trouble arose over the Clear
water extension and later over the
Northern Pacific. This agreement last
ed from 1897, when the Union Pacific
bought the Oregon lines, unit! 1900:
1t was not really broken until Mr.. Hill
captured the Northern Pacific in 1901;
Mellen of the Northern Pacific raised
the row over the Clearwater line, not
j. J. Hill of the Great Northern.
There is not to be any change in
the control Of either the Burlington or
the Northern Pacific. MIR. Hill will
continue to use them in his general
operating scheme just as he would have
ny. When the Hill-Morgan forces call
for proxies for the Northern Pacific
meetings they will get not only the
votes Of their own people, but also the
vote of the Hartman stocks.
Victory for Hill.
The agreement is an entire victory
for the Hill forces. ....- 49,.
The aim and objective Of the govern.
n1ent in the anti-merger suit has been
completely set at naught. I'm it really
was the aim Of the government forces
under Philander G. Knox to destroy
the Hill monopoly Of the northern traf
fc routes the government has met q
direct and potential defeat In point
of fact, Mr.. Hill is more and more the
potential autocrat Of the northern
roads. In 1902 E. H. Hartman, Viii
liam Rockefeller and James Stillma1
sat on the board of directors of the
Northern Pacific. Recently they have
: been dropped and have been succeeded
, by representatives of the Hill interest
:. The difference is differnc Of form
: troll of these three roads. In. 1905 ;
q single man can do whatever his sou
. desires with these roads. It is lega
-, withdrawing Of the Northern Securi
i ties merger.
u u Since the distribution Of the asset
. of the Northern Securities compan,
+ under the Hill plan every former stock
holder of the Great Northern-befor
the merger Of 190l-has now becom
t a stakeholder of Northern Pacific a
/ well. Therefore, he will get dividend
: from both stocks. The surplus reve
e nues Of the Northern Pacific belong t
t the same people who own the surplu
r. revenues of the Great Northern. [
other words-the owners of the Grea
) Northern also own the Northern Pc
Q cifc.
o All this is with the approval an
d the backing of the United States 81
n preme court. That court has not onl
l. not asasiled the right of J. J. Hill t
l. exercise these prerogatives, but has e.
n pressly refused the attempt of tn
e Hartman forces to break into thi
e monopoly. Mr.. Hill is established
his position not only by the unanimou
l. vote Of the stockholders Of the Gres
l. Northern and the Northern Pacific, bu
d also by the unanimous vote of the seve
J Judges Of the supreme court of tn
vi United States. His position seems in
lpregnable.