The Richmond Virginian. (Richmond, Va.) 1910-1920, 1916-05-30

troll, ana extends from Lake Superior
I 70 Puget sound.
In addition. Mr.. Htii organised .
isst on the rnctno and another on the
Great LAks@ ~ feeders TO hts rail-
way HIS lake boats suxpaDed in
speed and siSe any built before
Mr.. Hi accepted no ealAry. While
building up fortunes for hfnnsek and
shareholders. he created moro than
billion in realty values for settlers
along his lima
Mr.. Hill worked and studied con-
stantly, until he was an expert in all
most every phase OF the geography,
minerals water, population and re-
sources OF every part OF ths North
west.
He was singularly felicttous in deal
ing with his employees and never had
but one serious strike.
In 1901. with J. Pierpont Morgan
and others. Mr.. Hin's Great Northern
and the Northern Pacific Railway
bought Q large share OF the stock of
the Chicago, Burlington and Quency
Railroad Company. comprising nearly
5000 miles OF track.
About the same time Edward n.
Hartman and associates IN tho Union
Pacific Railway acquired 4 mojortty
OF the stock OF the Northern Pacific.
terests and the Hill-MorEan interests
for the purchase of Northern Pacific
common stock in the open market
brought about the panic of May 8.
1901. when the stock went to $1,000
o share.
BY exercising a right TO retire the
Northern Pacific pref. FRED stock the
Hill-Morgan group, which controlled
the common, won the fight.
president of the $500. 900. 900 Northern
Securities Company. which was to take
over Great Northern and Northern
Pacific stock of the Hill-Morgan
group and also the Hartman holdings
in Northern Pacific.
This resulted in a Federal antitrust
suit. President Roosevelt ordered the
government prosecutors to take ac-
ton. The case was taken up to the
combination was held illegal. The
Northern Securities Companys stock
holdings were distributed among the
stock holders.
But the Great Northern and North
ern Pacific continued to control the
Burlington and all three roads pros
pered. The territory along their lines
developed rapidly.
Mr.. Hill never gave mp his work on
account OF ASe ana iADoreu x2itnIully
to the last.
Secret of His Success.
The secret of his success lay largely
In his ingenuity in devising and adopt
ing STANDARDS for railway location,
construction and operation He revo-
lutionized the American railway in
dustry and brought costs of transpor-
tation by rail far below the level of
foreign countries.
He was a great believer In low
grades, heavy power, large capacity
cars and big treinIoads. and he lived
to see his principles universally ac-
cepted.
In his later life Mr.. Hill was . great
art connotseur and throughout hts CA
reer he found time for extensive read
ing. He had fine collection of paint
ings of the modern French school
His charitable gifts were many. He
supported especially Macalester and
Hamline colleges
His observation-disclosures was attested
IN ST. Paul Theological Seminary, an
institution to train men for the Ho-
man Catholic priesthood. Although
Mr.. Hill was not of that religious
faith. he built his school and COM
pletely endowed II. at a cost Of $780,
900
He married Mary Theresa Michigan.
OF St Paul on August 10. 1857, and
was the father OF two sons, James N
and Lewis HIN. and five daughters
Both of his sons are now prominent
in the rail-, DAD business OF their faith