The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-12-24
HILL Is ABOUT TO
GUT A NEW MELON |
Continued From First Page.

until recently held by the Northern Sc
curltics company-are too closely as
ISOLATED. They have jointly guaranteed
$oI5 100000 4 per cent bonds, the pro-
cnefis Of the sale of which went to buy
the Chicago, Burlington & Quincy. 1t.
is now planed to have Burlington
member of the Great Northern family
To bring this about, the Great North
ern-Northern Pacific Burlington joint
per cent bonds must be retired and the
Northern Pacific be paid about $25,OOO,-.
900 for it's equity. zs
Recent market activity for the bonds
suggest that Hill-Morgan interests
have been buying them up. In view of
the fact that unless notice of their re-
triement is given on or before Jan. l
the bonds cannot be taken up until 1907,
those who are in Mr.. Hill IS confidence
are inclined to think there still may be
a holiday notice Of future gifts.
i After these bonds have been re-
tired and new ones issued-possibly
guaranteed simply by the Great North
i ern-the Northern Pacific will have
!, $25, 100000 to spend, and Mr.. Hill
I thinks about I 900 miles Of new track
age tapping valuable territory would
lbe good policy. This is not because of
the contracts now under way for ex
tending the Chicago, Milwaukee & st
Paul to the Pacific coast. I : ..
: When the Northern Pacific uses its
25,0O0,000 and more for these exten
, sions, it probably will issue some new
stock to make the project complete
, This also, Mr.. Hill thinks, should go a
low price-perhaps 40 cents on TIL
dollar-to old friends and hackers. AM
to help make Northern Pacific securi
ties worth what he once said it woul
be, he figures on giving cash divi
dend bonus to Northern Pacific stock
!, holders to help them pay for the stock
This, however, will not be done unit
] congress has ceasediprying into railwa
affairs.
Hill and Hartman are not who'll
reconciled, and there is much rivalr
between these giants and the Milwal
kee. According to current Wall stree
= information, Hill and his banker, J.
1T Morgan, think Hartman IS Union Pacif
II too good a proposition to leave III
" touched.
le In order not to let too many prof
- from their own projects 60 over to the
ID old enemy, Hill and Morgan, so it
~ said, have been buying Union Pacifi
y 1t even is declared that they expect
w get representation on the board Of tt
~, company. Mr.. Hartman, in carryi1
- out his projects, had to tell some of h
friends Of his plans, and the stock ma
/ ket soon got too strong for him.
ut order to hold down speculation he SO
he more Union Pacific stock than he shou
y have done, if he hoped ito keep contr
- Hill and Morgan Ought. This wou
a. never do, so Mr., Hariana sold most
III what stocks of Hill 8 seompanies he he
N in order to pay for hldddving been caug
to te RspPing and nd to buy precious Uni
he Hartman, so it is said, had &C
I'M ceived the old plan Of bringing his 70
to into connection with the New York CT
St, trail and the Chicago & North-Weste
to try and induce Rockefeller s N
-. waukee not to build to the Pacific co
80. but to use Union Pacific lines.
Gu The Milwaukee, however, is bran
On ing out and it is understood will
me to buy the Kansas City Southern ca
eW next year in order to get down to
ng gulf Wall street looks forward to
md official announcement Of all these pl
ing as fresh incentive to increased specr
ok ton next year. - = ~ ...