The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-02-13
HILL PICTURED AS
PHILANTHROP|ST
The Picturing Is Done by No
Other Than Hill
Himself.
TELLS STORY TO COMMITTEE
Pays Millions for Ore Lands and
Turns Them Over to
Stockholders.


w.s,tn
'o"' feo'"arE i-'-Jaihes D.
nh chairman OF the board of the
Great Northern Railroad told tho
STANLEY steel ,,nst tnvt...,t
mtttce to-day n story -, h,maoif IN
me roln n, ni,,,,,,h
holders of Tic raIiwnv co,nnan o
Mr.. nm told how no han hor,h,
properties fnr mnrn ~, n"" 80
turned them ovrr fn, No., "v'0Vv,
the Lake SUPERIOR ,-on,unnv I,m,,,d
as truste, ior ,l,a r.,,,,,,'',, ,-",'',,',.
ers ana .ur.srntnd I'M s,n,,,n'h,,n
WIN mo I'M, so
creased valms ~ ,n. . ss ~, me III,
unions ~
Tho railroad uo,po,. ,
cd nj Length r.n,r.,i 80, ~
In, superior orr. lands IN ~ Itn,,n,,
States steer C.u,rng,,,nn FOR d.',."ia,,'
mont. a l.as,. wnica III, or,,o,.,,,...
recently decide, "a ,,,,c., 49,,
arv l. 1915. /, ,his ,.,nd ,h.
estimated to be abou, 500 600 ooo tons
OF orc which ~ S,oaI ,.,,.,.I,,
values a, 81 ton
II would not take 81 , Ton FOR ,,,o
orc" said AIR Hiu
The oro froirh, ra,. rro-, "a,
Superior region IA ~. I,it,ehnrrh IL
trict. which Tho r,nit,d $50 S,,
CORPORATION recontlv r.d,.aI - en-
cents a ton Mir, lin dccIoroa ~ ha
tho cbn.nos, M ~ uev.nFeu 70 DC
And II vii, bo .,irI in,,.r
The next rate win h. Go ce,, n.y.
why did thev cu, ,hc -"
was asked
e.,
why. think tba st' .nfe Gnr,or,,ton
,us, Uo, scared ~ daa,h., a,,N,
That's ali there is 70 ~" az i'p''eu'
"But YOU rct vonr rovoi,, ir., ,h
samc?" asked Represcntntiyc youna
And when Tho lcaeo -. -, 800.
cot tho ore" 'ou :
YES" Mr.. uil, rrnltca .,rba, IA,
ference does II make IN n,va ~.
and il doesn't 20 an nF f.,eh,an ,I
IN, FIR, rial. iv o,,.to ~"
pauresenI,t;v. raL , -,
witness whv hn Nm ,,,,ro, go.
pro,,,rI,e; /, tho i.also s,,narior ca,
many ior ,hc hor..~, .,'.,, ~, Cu,'-
Mir mn docIarnI ~ ,,.,( ''','' - .
reimbursed INN for whnI he hnn n,,J
ana the Increased value was ~, w.
the Great northern s,nc.nnIaars
"The trustoo commence n..i, ~
tspaiu for the nroncrtv , ,tt,I, 80,
81 900 600 win : 49, con, fa,nrns,. :,
said Mr. hin ."rnesc nroner,,.. IN,
mcdiatelv tool, on consid,rani, v,I,.
and could maxi. NANNY fo,. ~.
holders. There was nothing IN co,,.
ccal about II. Wherrvn, -. oDI1,
make money for IN, $40 l. hnId.rs ,hn,
way | did it,"
Did the stockholdcrs az fla. c:roa,
Northern Rali\. Az nay unythiny IN thc
| Lake Superior CoinDauvg., asKca NJ
| Gardner.
NO, their interests were elf, "a
them"
why did tho stock holders rct tbis
| Eiit?" asked Mr. BcuII Of royas
| Il got buck ;in / had maid ana ,b.
stockholders OF the raitroac cot tho
benefit Of the additional value" sn IA
MIR. Hfll, iii / could make money 1nr
myself. | could make II for the stocE
| holders was in "a measure dpa,in..
with myself. bought the property
! to get control Of the TRANSPORTATION
| OF the ore III the Lake SUPERIOR rr
| gion. Subsequent developments SHOW
"a the properly was worth Vastly more
! than si.0UU,O0u.
Il bought the properties as an indi.
! vidual," Mr.. Hin continued "bccaus,
as 4 railroad company do no, tnul
the Grea, Northern would have IN,
legal right TO own and operate mines.
But YOU, as president. could owr
ana operate mines ana distribute IN,
stock TO the railroad stockholders? =
/ asked Chairman Stanley.
/ 'ies, or give il 10 the Door" said MIR
/ f,n,f,,. I ,i,.,