New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-04-03


wears which renders necessary The increase OF
The operating staff.
The retirement of Mr.. Hill from the presi-
sencv Of the Great Northern Railway Company
comes IN no sense as a surprise 10 Wall Street
The rumor that he was intending 10 take the
craftsmanship of the board and that his Oldest
son Louis W Hill. would become president, was
erst heard several years ago, at the time of MT
F5ilrs entrance into the Erie board. He then
said. I would be glad to be relieved OF some
NJ the burdens of the worl-. but do not see I'M
mediate prospect Of any changes looking to such
an event"
Frequently since that date the report has been
heard the latest rumor having been sent from
the West only week OF so ago. Mr. Hill pre-
sunably remains as president of the Northern
Securities Company. of which he has been the
head since ita organization In February. 1895,
# was reported fror, ST. Paul that he had re-
fired from most o. his bank directorships. and
intended gradually 10 withdraw from the various
corporations in which he was an officer or dircc-
,or Last December. however. he was elected
n director Of the First National Bank Of Chi
cago. He is also a director Of the following
corporations: The Chase National Bank First
National Bank Manhattan Trust Company and
Mercantile Trust Company of this city; the
Chicago, Burlington Quincy Railway ana
Railroad Companies and the St Paul. Minne-
apois Manitoba Railway Company
Mr. Hill has been president Of the Great
Northern Railway Company since September II,
1859 He was born on September 10 1888, and
his sixty-nnth year finds him still hale and
hearty despite the load Of responsibility which
for so many years he has carried. The great
part played by him in the development OF the
Northwest. his contest with the Hartman inter
Of 4T,a Nor herr
carried with il control of the Burlington; and
his recent operation Of leasing to the United
States steel Corporation for the benefit Of the
Great Northern's stockholders. the vast tracts
of iron ore lands in Minnesota, estimated 10
contain from J00OOOO00 TO T50000000 tons Of
ere are familiar to all readers OF newspapers
and magazines.
interest in Wall Street and its doings, and has
rather concerned himself with problems of rall-
way policy and operation. He has made many
addresses before commercial bodies and gather
inss Of farmers in Minnesota ana other states
OF the Northwest and has long advocated the
necessity Of the development OF traue beLEeeh
this country and the orient Many men nave
gone 10 high executive places on other roads
from the Great Northern which has been ealied
the Hill school of railway officers
Last January in letter 10 Governor John-
son Of Minnesota Mr.. Hill urged as remedy
for the blockade of freight traffic from when
the country had long been suherlng me con-
EtructiOn Of new track and terminals on a
colossal sca3e. his estimate being that 10 enable
the railroads Of the United States 10 handle efii-
GENTLY the traffic offered them would require
the expenditure Of S5.J00.000O0o. distributed
ever a period Of FIVE years. lie also advocated
the construction Of a 15-fOOt channel in the Mis-
sissipp from ST. Louis 10 New Orleans as a
remedy for the freight congestion
Louis ". Hill, who becomes president Of the
Great Northern, has been vice-presdent OF that
James X Hill is vice-pTesident Of the Northern
Pacific Railway Company.