The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1906-11-18
RAIL ROAD KINGS
BATTLING IN A
DIVIDEND WAR
HILL AND HARTMAN FIGHT
WITH MILLIONS; THE PUB
Lie BENEFITS.
HILL PREPARES BONUS
OF St25,ooo,ooo For Great Northern
Share Holders--Harriman Prom
scs to Out4o Him Two TO
One With u. p.

New York, Nov 17--E. II HART.
man has dropped the guage Of BIZ
lion dollar battle to James J. Hill. ami
that hardy individual has accepted the
challenge. The war is war of the
dividends Money is already flying In
nine figures.
Wall street and the public lost IN
the last Hill Hartman combat Now
Wall street and the public will reap
rich reward from the coffars of Harri-
man and HILL
Mr.. Hill hurried into New York To-
day and hurried ont tonight Before he
left he prepared the announcement of
a dividend of sl25000.000 for shar
holders in the securities Of the Great
Northern railroad.
Mr. Hartman has his attorneys at
work paving the way for dividend
declarations doubling those Of HILL
I For every million dollars IN bonus
| hat Great Northern stockholders get
It is said that Hartman intends t.
give Union Pacific stockholders two
millions,
Hill Draws First Blood
Hill will draw first blood n the ba
tie The SIPS, 100000 dividend melo
will be cut today, Monday or Tue
day II will rot be prolonged beyond
Wednesday.
Great Northern stockholders vii
receive an additional share of soak
at par value for each and every share
of Great Northern they possess The
old shares are now paying per cen
The new shares will pay at least G
tper.. Gent. The formal announaeres
viii include other right, possibly III
the Burlington Joint Fours, for which
the Great Northern pays the Northern
Pacific S50.000,000 in cash.
Hartman will coun'e 'er as quickly as
his attorneys permit him, He cannot
do so now The government would
snatch up everything above 10 per
cent in any Union Pacific dividend.
Mr.. Hartman is forced to 20 slowly
in order to make his million dollar
presents to his stockholders instead
of the government BY an old law the
Union Pacific is forced pay the gov
ernment everything above ten per
cent of their eavnings.
Evade Government.
Mr. Harriman's lawyers are com
oleting his new investment comnany
in order TO evade this law The idea
is considered legitimate because T.
investments cannot be property
classed as railroad stock. They may
be legally separated.
In the meantime Union Pacific is
paying bui a small portion OF its 10
per cent disbursement When the in-
yestment is split into a separate com
pany MIR. Hartman will pour a broad.
side into Hin.
That broadside is said 10 he bonus
of mill ons for II. p. stockholders. It
's expected to be nothing less than
'hc opening of a half billion dollaf
melon.
Wall street is agape 90 know how
Hill will reply.
Hilrs Friends Loyal.
Al present Mr.. Hills following Is
iubilant The reported distr button Of
si25.00O.000 Is staggering blow at
the pessimists The bonus comes le-
cause the Great Northern ore deal ha5
been put through. Hil's followers now
stand ready TO obey him blindly. They
viii stick 20 him throughout the fight
Proof Of this was shown yesterday
from the way in which they followed
bis advice to purchase steel common.
In the last twenty years Mr. Hilf'
Great Northern stockholders have re
eeived 2f0 per cent dividends iu Great
Narthern stock. All Of this is now pay
ing per cent
Nj HWs friends who ood hY
him in the struggle over the North
arn PaCiffc are now To be awarded
rs well They will probably receive 20
Der cent dividends as a result Of the
Northern Pacic's ale ~ the Bur,iaE-
TN 70 the Great Northern for S5ea -
)0a
when Mr.. Hin left for his hore
at week il was believed by ever'-
body concerned that e would take
some weeks to arrange the details
Within a few hours after his depar
ure from New York the whole matter
vas Unexpectedly settled. It was
eiegram announcing this fact to Mr.
ain thai he received on his arrival IN
,t Paul Il was onlg A coincidence
bat it happened to be sent by
riend of he STANDARD oil Exact
Of why Mr.. Hill left home
as destroyed some beautiful air cas-
les ia wall street. but the substantial
TT---.I,.s,4 - c5~th Paxs1