Grand Rapids Herald-Review Newspaper, December 28, 1901, Page 7

J.J. HILL MAKES - A STATEMEN EXPLAINS THE PURPOSE OF FORM- ING NORTHERN SECURITIES COMPANY. MERGER WILL BENEFIT NORTHWEST EACH COMPANY WILL BE OPERAT- ED SEPERATELY AS HERE- ‘TOFORE. WILL PREVENT UNION PACIFIC HPTING CONTROL OF THE NORTH- ERN PACIFIC AND DIVERTING TRADE SOUTH. President James J. Hill yesterday issued the following statement regarding the merger of the @reat Northern, the North- ern Pacific and the Burlington railroads under the Northern Securities company, and explaining the purpose of forming the securities company: ve been absent from Minnesota for more than two months and during that time there has arisen a wide discussion throughcst the state of what has been generally called a co ‘orthern Pacitle nd in this dis- ation or a merger of the eat Northern railways, and cussion statements have been mad wo Widely different from the facts that I feel vative statement the past and called upon to make @ conse: of just what has been dot what will be done in the future. When the No » Pacific failed and the banking house o! P. Morgan & Co. reorgan- ved it, myself and friends were holders of mpany’s securities. reorgar was sat $26,000,000 of Northern Pacific common and preferred. Some of ock was afterward sold by individuals, held from that t haw be ago the Union Pacific company ington and other interests in acific and at the same time @ buy the control of the Chi ern would be Largely Shut Out of Nebraska, Kansas, Missouri, lowa, Mlinois and Wisconsin, her lines of railway, some the market for sale and might ‘s under the control of or be ) the Union Pacific interests. a, the Northern Pacific, made * directors of the Burlington to ire property. When this transac- being closed the people who © Union Pacific company, tried to buy the Burlingto! ed to share with us in the e reason that it would defeat our . and. further it al of U of the Bur ne, against the opposition of both the Northern F had put into effect te and were carrying people into the Northwest, ma lines of the Union Pacific, was at its height and after we had he Burlington the Union ertook the boldest effort that in this cou’ the stoc! SsrR. action of the Union Pa gether we held about 26, Pacific common stock and, ina: mmon stock, by right of ac with the preferred stockholders any iz 1 the privilege of Paying Off the Preferred the Me Morgan & Co. London and New York abe K of the Northern Pa- ne the Union Paciti dy so large a up to $1,000 per ys went my friends how 000,000 el and re- ‘The result Morgan & Co. and ourselves out of 80,000,000 amon, with the priv! 000,006 of Northern Pa nion Pacific people owned common and about 42,000,000 which was a clear majority of f the Northern Pacific, and lusive control of the Northern and through that ownership a half the Burlington. was known that these preferred ® 14 and would be paid off, and before the annual election, mutual negotiations result- ed in Mr n-giving them a representa- * orthern Pacific board. At the is selected a member of the board. When I was advised votified them that I Could Not Legally Act r of the Northern Pacifle ana ut the game time and T res first meeting of the board, »f the gentlemen who have long been eat Northern railway and he St. Paul, Minneapol's & a company and who have always been zest shareholders, but not the wity of its stock, whose ages to eighty-six years, have de- idual holdings in y secur ot electioi agement elopment neement of orthwest and else- * so much pwest and ‘this desire has grown the ties company. ssary (in order to prevent the fie from passing under the con- » Pacific interests and with it l of the Burlington) to pay off millions of Northern Pacific enormous amount of cash re- @ purpoze from a comparatively of men made it necessary for To Act Together n a large and permanent manner, through the nedfum of a corporation, and the Northern Securities company afforded them the means of accomplishing this object without the neces- sity of creating a separate company to finance the transaction for the Northern Pacific: while, at the same time, the credit of the Northern Securities company would be much stronger, as it would also hold a considerable amount of Great Northern and other securities. The Northern Securities company is organ- tzed to deal in high-class securities, to hold the same for the benefit of its shareholders and to aévance the interests of the corporations whose securities it owns. Its powers do not inelude the operation of railways, banking, mining nor the buying or selling of securities or properties for others on commission: it is purely an investment company and the’ ob- fect of its nm was simply to enable those who hold its stock to continue thelr respective nierests in association iogether and to pre- ent such interests from being eeattered by jeath or otherwise; to provide against such attacks as bad been made upon the Nofthern *acific by & rival and competing interest, vhose main fnvestment was hundreds ules from the Northwest and whose je which are | completed we | ss in the hands of the Unien | s both the Northern Pacific and | ra and | this proposal we r2- | re coming from Kansas and Nef of | only object in buying control, of the Northern Pacific was to benefit their southern properties by restraining the growth of the country between Lake Superior and Puget Sound, and by turning away from the Northern lines the Enormous Oriental Traffic which must follow the placing on the Pac ocean of the largest ships in the world. ‘The foregoing is & brief and absolutely cor- rect statement of the whole subject and its truth can easily be verified by the State of Minnesota or any other state or person having sufficient Interest to investigate the facts, which are all matters of record. Now as to the effect of what has been done upon the public interests of the country, let me ask a few question which I want every candid ‘and honest man to answer for himself: Did the Union Pacific people with their rail- way lines extending from Omaha and New Or- jeans to California and Oregon, through the several states in the Middle West and South, purchase a majority of the stock of the North- ern Pacific company for the purpose of aiding that company and increasing the growth and prosperity of the Northern country, or was it | for ths purpose of restricting such growth and aiding the development of their enormous in- terests hundreds of miles to the south? Did they purchase the Northern Pacific, and with ft an equal share in the Burlington, for the purpose of building up the Asiatic trade between the northern zone. lying between St. Paul and Minneapolis and the Pacific coast, or to Prevent Such Building Up and control the Oriental trade for their own railway lines through their seaports and over their ownships? In defeating thelr contro! of the Northern eifie and Burlington and retaining it in the hands of those who had putlt ap and with it the entire Nosthwest, did we fit the people of the Northwest Did J, by inducing my friends to hold their Northern Pacific common stock and act jointly with Mewsrs. Morgan & Co., when this stocl was selling a: $500 and $1,000 & share and thus prevent the Union Pacific from controlling the Northwest, injure or benefit every interest, ag- ricultural, business and otherwise of the entire country between Lake Superior and the Pacific coast? Had we sold our $20,000,000 of Northern Pa- cific, even at $300 a share, amounting to $60.- 000,000, or $40,000,000 more than its present value and transferred to the Union Pacific contro} the entire country between Canada and Mexico, what law of Minnesota would we hare Violated? Could we not have legally put the | money in our pockets and lex the country learn what li was to be dominated by # parallel and competing railroad Why did Gov. Van Sant s' | until November while a majority of the stocic orthern Pacific company was. con- @ parallel and competing raitroad , to which the jaw is clearly opposed, and wait until myself and friends have by our elforts and with our own money Relieved the Northwest, not as a rival parallel or competing ra‘lrosd, but doing what we clearly have the right to do as individuals or working together for | greater permanency and security 45 & nancial corporation? Has there ever been a case in the history of this country when men have dropped their money profit and stood firmly by the interests of the communities which had grown up with their own and largely by their own efforts and capital? The public is interested in having a good rallway service and at fair and reasonable tes, The past is gone and speaks for itself. can speak for the future. and I have no sitation whatever in saying that the in- sed volume of traffic, both through and ‘al, will enable the companies to reduce their rates in proportion to the volume of such | trafic, and that in the near future the public will have a chance to see for itself this feature of what I have said. The development of the country will increase with greater increase in population between Minnesota and the Pacific. No merger or consolidation of the Nortivern Pacific and Great Northern is contemplated. Fach company will be operated separately in | the future as in the past. I greatly dislike to discuss my busines the newspapers, but during tack has been made upon 8 persistently s al interest: and let time determine will be benefited or still from May i lh {he \¢ H wheth njured by what we r the pub- have done and will continue to do. | i IMPOSED 0: j Rane d ae | Daluth Woman Made an Tool of Smugglers. Duluth, Dec - Among the federal | prisoners that recently escaped from the | prison at Leavenworth was one W. F. | Peaslee, and it is just learned that he is | HER. Innocent a prisoner of considerable interest to Northern Minnesota people, as wel! as ‘Texas people, in which state he was con- vieted of smuggling and sentenced to one year and a half imprisonment. Peaslee, up to 2 few years ago, was a locomotive engineer in the employ of the Northern F and lived with his fam- ily at Brainerd. They moved to Del Rio, , where he and his wife became quite thy, smuggling Mexican drawnwork and selling it in the United States. Del Rio is close to the Mexican porter, ana Mr. Peaslee, woh continued to follow the occupation locomviive eng’ 7 OW engaged in running between that plac and some point in Mexicc, and Smuggled the Finery into Texas under the seat of his cab. A w wn Duluth woman, Mrs. D. S. Forgy, was imposed upon by the Peasiees, had known at Brainerd. Mr , whose part of the smuggling ¢p- s was to dispose of the draw work, sent Mrs. Forgy a consignment of it with a request that she sell what she | could of it and send the balance zo an of a person in The request was made on of old aca ground | Forgy, who is connected with the | ery business in Duluth, was in a posit where she could offer it without special | effort. Special Agent C. S. Crain ury department came to Duluth and in- mill of the treas- terviewed Port Collector L. M. Willcuts about a year ago in connection with the smuggling of Mexican drawnwork. He saia that some of the stuff had been Traced to Duluth, | As soon as Mr. Willcuts heard the name of Mrs. Forgy mentioned a8 having re- ceived it he immediately said there must be some mistake. The subsequent inves- tigation disclosed that Mrs. Peaslee hal imposed on her old acquaintance. Mrs. Forgy was profoundly surprised, for the Peaslees had always borne a gud reputa- tion. Mrs. Forgy in a ‘ew days, unex- pectedly, as before, received another con- signment of the Mexican drawnwork from Mrs. Peaslee, which she turned cver to Port Collector Willeuts with the corre- spondence. The Peaslees were immie- diately arrested, and both were convicted at Del Rio of smuggling. Mrs. Peaslee was allow’? to pay a fine in lieu of imprisonment on account of her children, but her husband was sent to the federal prison at Leavenworth. He had the good sense to return to the prison after going a short distance. Mrs. Worgy made two trips to Texas to testify for the government against the Peaslees, but until now nobody outside of a few of her intimate friends’ knew of her mission. While she very naturally felt much mor- tified to have unwittingly been made the agency of a smuggler, her friends con- sider it a good joke at her expense and | nothing that she should take to heart. | NOW ENGLAND ASKS, Chamberlain Requests Australia to Send a Thousand Men. London, Dec. 23.—Telegrams received here from South Afrca-still refer to the probable decision of the Boers to sur- render, but a dispatch to the Daily News frora Volksrust to-day aeclares that the Boers are determined to continue the war and that their recent conferences have been with the object of planning a summer campaign. A dispatch to the Daily Mail from Sydney announces that Joseph Chamber- lain, the colonial secretary, has tele- graphed to the Rt. Hon. E. Barton, the prime minister of the commonwealth of Australie, t3 the effect that the British government would be glad of 1,000 men for service in South Africa. This will be the first federal contingent to go to South Africa, Premier Barton having previously declined to offer men unless the government asked for them, The Ola Dame’ School. It is amusing in thes: school board days to come upon reminiscences of the old dame’s schools. In my mother's Ht- tle country parish the kindly uld dame who taught the village children to read did not trouble herself much about the long words, says a writer in Good Words. When a word came that nel- ther she nor her pupils could quite master, she would say: “Call it Nebu- chadnezzar and pass on.” But needle- work was well taught in those days. One of the most beautiful workers I knew told me how, at the dame’s school, to which che went as a child, she was set to hem round the crown of a baby’s cap. (Busy mothers may, in- deed, be thankful that these small arti- cles of apparel are now obsolete.) To do this perfectly is no easy matter. Time after time the narrow hem, which refused to come even, was eut off, till at last the little circle was about the size of a penny; but the result of that teaching was admirable. An Astonished Surgeon “Why, there’s nothing wrong with your veriform appendix,” remarked the surgeon, after he had performed the op- eration. “Nothing at all, doctor,” murmured the patient, ‘‘nothing but the name of it, and you might as well cut that out.” Detroit Journal. A Blacksmith’s Story. Goodiand, Kans., Dec. 23.—N, I. Al- bertson, a local blacksmith, had almost decided to give up his shop altogether on account of Rhevmatism, which had crippled him so that at-times he could not use his hammer. His sheulders and arms were so sor that he couldn’t sleep at night. He had suffered for years, but was gradu- ally getting worse, till at last he had about made up his mind to give up. But just then he heard of some won- derful cures of Rheumatism by Dodd's Kidney Pills, and thought he would try for a cure once 1nore. They cured him completely, and he has not a trace of Rheumatism left. ‘fhe shop will not be given up, and Mr. Albertson may be seen there any day hard at work as if nothing had ever ailed him. The Family Ambition. Mrs. Barnes (peeping from the win- dow)}—Sakes alive ‘Mandy, there goes ol’ Mis’ Medders; an’ ef sae hain’t got their old red rooster’s tail onto her bon- nit! Many-—-Oh, laws, ma, don’t ye under- stand? Ever since Almiry Medders went to the city, that fam’ly hev’ b’en boun’ ter look “chick,” as they ef it tuck every fowl they ha lem Life. A Matter of Trust “The great trouble,” said the capital- is to find a man one can trust.” ‘h, I don’t know,” replied the man of schemes and poverty. “It depends on the point of vie Now, in my case, the great trouble is to find a man who will trust me.”—CHieago Post. PATENTS. List of Patents Issued Last Week to Northwestern Inventors. Gilbert Amonsen, Minneapolis, Minn., speed regulator for explosive engines; William Cartwright, Blakeley, Minn., educational appliarce; Lowell Jepson, Minneapolis, Minn., ar gust Johnson, ples, Griving geal ar I Minn., voting machine; Duluth, Minn., lathe for i George Wyland, August Peter- turning: Duluth, Lothrop & Jobnscn, patent attorneys, 11 & 912 Pioneer [ress Bldg., St. Paul, Minn. Perhaps. “The lady who writes the ‘Advice for the Afflicted” says that the best w to cure a cold is to grease the heels,”’ re- marked the snake editor. of course,” opined the automobile editor, he meant to advise the use of a@ healing ointment.” The King is whom the pain King! Long Live i his enemies, he conquers. They should be taught to speak soft- ly, and answer when spoken to, and not to contradict. ABOUT MONUMENTAL BRASSES. Practice of Having Effigies Made Originated About the Beginning of the Thirteenth Century At the beginning of the thirteenth century if occurred to some one to pre- serve the likeness of his departed friend. as well as the symbols of his rank and‘station. So effigies were in- troduced uron the surface of the slabs, and were carved flat; but ere fifty years had passed away the art of the sculptor produced magnificent monu- mental effigies. Knights and nobles he clad in armor, and abbots bless the spectators with their uplifted right hands; judges lie in their official garb; and merchants with emblems of their trade. At their feet lie animals, usual- ly having some heraldic connection with the deceased, or symbolical of his work; e. g., a dragon is trodden down beneath the feet of a bishop, signifying the defeat of sin as the result of his ministry. The heads of efligies usually rest on cushions, which are sometimes supported by two angels.—Gentleman's Magazine. The Riches of Spindle Top are Fabulous. S260 suencintion ot the facts te beginning to dawn upon the investors of the world. O!! fs liquid nd the fuel of the future. Pamphlets giv- able information mafied on request. Ad- drees, Kaneas City Of and Rice Land Co., 400 New England Butiding, Kansas City, Mo. The Cabinet Not Quite Easy. While the relaticns between the pres- ident and members of his cabinet do not appear to be the least bit strained, it is not difficult to appreciate the fact that the same conditions do not exist in the cabinet room now which pre- vailed during the McKinley administra- tion, There is no lack of friendly feel- ing or party loyalty, but there seems to be an indefinable something in the acticns of the members of the cabinet which indicates an uneasiness, an un- rest or an overcautiousness, which was not so perceptible six months ago. Un- der their, former chief, members of the cabinet would enter the White House on cabinet days laughing and chatting together in the most free-and-easy manner. Now they approach the cabi- net table solemn and deliberate, sug- gesting a group of previously-merry school boys trying to make a dignified impression on a new master.—Corre- spondence Charleston News and Cour- ier. $100 Reward $100. ‘The readers of this paper will be pleased to learn that there is at least one dreaded disease that science has been able to cure in all its stages,and that is Catarrh. Hall's Catarrh Cure is the only positive cure now known to the medical fraternity. Catarrh being a constitu- tional disease, requires a constitutional treat- ment. Hall's Catarrh Cure is taken internally, acting directly upon the blood and mucous sure ‘faces of the system, thereby destroying the foundation of the disease, and giving the patiens strengtn by building up the constitution an@ assisting nature in doing its work. The pro- prietors have so mnuch faith in its curative powers that they offer One Hundred Dollars for any case that it fails tocure. Send for list of Testimonials. Address F. J. CHENEY & CO., Toledo, & Sold by druggists 7: Hall's Family Pills are the best. ‘Tommie’s Reason. “What, are you going to be when you grow up?” asked Tommie’s teacher, “Ym going to be a school teacher,” } replied Tommie, premptly. that is a very worthy ambition,” re- plied the teacher. ‘‘Why have you Ge- cided to be a school teacher?” “Because"’ answered Tommie, “it must be an offul lot uv fun ter not have ter do nuthin’ 'cept watch a lot uv us eezy marks work them-elves ter deth.” Ohio State Journal. Said the Observant Foreigner. “I have noticed,” said the Observant Foreigner, who was not writing a book about America, “that, according to | your newspapers, the best citizens are always to be found in large numbers at just three places. “Where? we asked, curious. “At political rallies, prize fights and | Jynehing bees.’"—Baltimore American. being mildly Mrs. Winslow's Scothing Syrup." For children teething, softens the cu reduces in- famunation, allays pain, cures wind colic. 25c a bottle. Joe—If you have anything mean to say about a man say it to his face. Biily--Oh, it will get around to him al- most as quickly. A baking powder manufacturer ought to succeed in getting up in the world. A Little More Coal in England. Coal, ‘‘good, household coal,’ seems to have been found in Kent, at last. A “core” brought up from the boring in Shakespeare Cliff showed large frag- ments of “good, bright bituminous household coal,” and on another boring a second seam has been discovered, The experts are said to be delighted, and to believe that they have struck the de- posit which runs down through Wales, under the channel, ccross France and into Westphalia. The pecuniary in- terests involved in such finds are so large that we always distrust first ac- counts, but in this instance the details given read true, and, of course, if they are true, and if the expense of working under the sea proves manageable, the event is of national importance. Coal on the spot is the grand need of the South, and every addition to our supply postpones the day when manufacturers must either put out their fires or rely evclusively upon electricity obtained from the river gorges, or, possibly, from the use of the tides, as a source of pow- er.—Spectator. Surely Not. Mrs. Upchurch—Maud, I wish you wouldn’t have so much to do with that young Higginside. I am told he is a confirmed agnostic. Miss Maud—Why, mamma; the ag- nostics don’t confirm people, do they?— Chicago Tribune. When in St. Paul Don’t fail to visit the Star Theater— the home of refined burlesque. The Real Thing. She—You don’t mean to say profes- sor, that you have given up all your studies in the higher mathematics in order to play golf? Professor—Yes, I have; I wanted Something to discipline my mind. ‘What is the use of employing some one te do your dyeing for you? If you use PUTNAM FADELESS DYES you can do it just as well as 2 professional. Sold by druggists, 10c per package. One Thing Lacking * “Have you got in all the fire wood?” “Yes, suh.” “Well, what are you doing now?” “Prayin’ ter de Lawd fer somepin’ ter roast on it!”—Atlanta Costitution. Piso's Cure is the vest medicine we ever used for all affections of the throat and lungs.—WMm O. ENpsixwy. Vanouren, Ind.. Feb. 10. 1900. He Presses the Question. “Aren’t you sorry you're not married, Auntie?” “H’m! Might be sorry if I was!” “But wouldn’t you rather be sorry ybu were married than sorry you're not?""—Puck. A rabbit-foot may not be lucky, but | four of them are a great help to the rabbit when a dog gets after him. Some reformers are ushered into of- fice with a lot of noise—and later they are ushered out with a lot more. Stops the Cough and Works Off the Coid Laxative Bromo Quinine Tablets. Price 25e. “Doctor, your tonic made a new man of me.” “A new man? Well, how is he off financially or nervousness after perms ‘cured. No fit FITS Britany uzecor ie Raine 's Great Nerve Restor- er. Sond for FREE @2,00 trial bottie and trentiee: Dr. R. H. Kine, Ltd., 931 Arch Street, Philadelphia, Pa The obese man who is anxious to lose a little flesh should try a safety razor. . Pain can’t Temain, no matter whether it im external or internal, where Hoff’s German Liniment pplied according to directions. Tt dots not eure incurable disenses, but | it does cure all pain arising hom inflammation, ses, burns, short cut cure Everybody Who suffers from Bodil { Aches and Pains, such “4 Rheumatism, Gout.» Lum- bago, Headache, sy, Seistica, Sprains and Brulses | Should Use St.Jacobs Oil It Conquers Pain Price, agc and soc. SOLD BY ALL DEALERS IN MEDICINE. SALZER’S SEEDS NEVER PAIL! @ (peg Apacer $10 WORTH FOR [0c in. The pain-allaying and curative qualities of this articleare wonder- ful. It will stop the toothache at once, and relieve headache and itica. We recom- mend it as the best and safest external counter-irritant known, also as an external sory § for pains in the chest and stomach and all rheumatic, neuralgio and gouty com- plaints. A trial will prove what we claim for it, and it will be found to be invaluable in the household. Many people say “‘it is t* best of all of your preparations.” Price i cents, at all druggists or other dealers, ort sending this amount tousin pos: stamp. _ we will send you @ tube by mai fo artic should be accepted by the public unless the same carries our label, as otherwise it is not genuine. CHESEBROUGH MFG. Co., 17 State Street, New YoRE CrtTY. WESTERN CANADA'S ‘Wonderful wheat — for 1901 now the talk of the Commercial World is by no means phenom- al. The Province of Manitoba and districts jot Assiniboia, Saskat chewan ard Alberta are the most wonderfni grain producing coum tries in the world. Im 8 tion. Ameri ually male- | ing this their home, and they succeed as they never did before. Move Westward with the tide and secure a farm and home in Western Canada, Low rates and special privileges to homeseek- ers and settlers. handsome forty-} Atlas of Western Canada sent free to all appr cants. Apply for rates, &c., to F. Pedley, Sue perintendent of Immigration, Ottawa, Canada, or to Ben Davis, 315 Jackson St., St. Paul, Minn., or T. O. Currie, Callahan Bldg., Milwaukee, Wis, Canadian Government Agents. al DROPSY s2282%.cc3 en casee. Book of testimonials and 10 pars’ cela « BEE, DE. H. HM. GREEN'S SONS, Box E, Atlante, Ga. More aeruet Fhompson’s Eye Water NX. W. NU —NO 52— 1901 Syrup.o Why f Fiés 1s the best family laxative It is pure. It is gentle. It is pleasant. It is efficacious. It is not expensive. It is good for children. It is excellent for ladies. It is convenient for business men. It is perfectly safe under all circumstances. It is used by millions of families the world over. It stands highest, as a laxative, with physicians. If you use it you have the best laxative the world produces. Because Its component parts are all wholesome. It acts gently without unpleasant after-effects. It is wholly free from objectionable substances. It contains the laxative principles of plants. It contains the carminative principles of plants. It contains wholesome aromatic liquids which are agreeable and refreshing to the taste. All are pure. All are delicately blended? All are skillfully and scientifically compounded. Its value is due to our method of manufacture and to the originality and simplicity of the combination. To get its beneficial effects — buy the genuine. Manufactured by Gurren fia Sveu San Louisville, Ky. Sens eee) New York, N. Y. FOR SALE BY ALL LEADING DRUGGISTS. MINNEAPOLIS. WOODWARD & CO., GRAIN COMMISSION, | pututn. ORDERS FOR FUTURE DELIVERY EXECUTED IN ALL MARKETS. ‘ ! | |