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ST. PAUL'S FUTURE
Question of Management Under Its |
NO VIOLENT CHANGE PROBABLE
St. Paul System, Its Extent and it*
Finances— Stock In
Special to The Journal.
New York, Jan. 16.—Those who doubted
that the : Hill-Morgan interests had ac
quired control of the St. Paul road are
now busily engaged on their own ac
" count in providing schemes i for its man
' agement under the new administration.
Xo serious disturbance is apprehended.
Many St. Paul stockholders would be
pleased to have things continue as they
are. The company is in good financial con
dition. It is asserted that it is earning 13
per cent on both the preferred and com
mon stock. As the preferred receives only
7 per cent of this the holders of common
stock cherish hopes that theirs may earn
more before long. They justly regard the
St. Paul system as a splendid property,
destined to attain- a high degree of pros
perity owing to the steady growth of the
northwest, and the general advancement
of the country at large.
But minorities generally have to accept
the - situation. l The ruling interest does
not rely now in railroad management on
the harsh measures that were common
twenty-five years ago. They carry in their
right, hand gentle peace. They make the
conquered party, feel that they are doing
•well after ell. "The verdict is the thing"
cays the lawyer. Control is the thing says
the railroad financier in dealing with such
properties as the St. Paul road.
Hence some credence is given to the
assertion that the new rulers, when the
proper time comes may give a 50 per cent
stock dividend, so that the person who
holds 100 shares would then have 150.
This bonus might induce the stockholders
to accept a lease on fair terms. More- !
over, the stockholders might expect to
nave stock issued them to the amount of
about $17,000,000 represented by . outlays
that are a chargeable to the capital ac
It may be recalled that an operation
somewhat of this kind was carried out by
the Great Northern in 1890 when it as
sumed the funded debt of the old St. Paul,
Minneapolis & Manitoba railroad and
guaranteed 6 per cent per annum on the
420,000,000 stock thereof. In 1898 the Great
Northern gave its own stock in exchange,
adding a tempting stock bond ■of 25 per
cent. Can it be that like history, Mr. Hill
is repeating himself?
Some persons contend that there will be
so lease, but a strong traffic ararngement.
Others are of the opinion that the combi
nation may be carried on like parts of the
.Vanderbilt system which are controlled by
the New York Central & Hudson River
railroad but are operated separately.
No -violent change in 'the management of
the St. Paul road is probable, but it may
be expected that those whose millions . of
dollars have effected the recent master
stroke will see that their investment is
secure. They will follow up their victory
by such defensive measures as will make
the proposed trans-continental system a
living reality, that cannot be easily dis
turbed, now or henceforth.
Meanwhile the investing public who are
in quest of some securities seem to be
quite at ease concerning the future of the
St. Paul road. They are paying very high
prices for this 5 per cent stock, more in
fact than any gilt-edged 5 per cent stock
letches on the board.
■Some facts concerning the finances of
the St. ■ Paul road will be of service to
thoughtful business men in Minneapolis
and: elsewhere and will enable them to
come to sound conclusions as the develop
The company operates 6.423 miles of
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1 Jaf^ V 11 the best cartoons pub-(g f
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1 3 S durin 91900 on p°litics -1 ►
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J& ]^ "V^^^^^^^ss^^^^^^^-^W^^^^^^^^ * T^vk Address Cartoon Book Dept., Journal, Minneapolis, Minn. i§^ W
4 « FOR SALE AT THE JOURNAL COUNTER, ||§
\ CART9QNS By : FROM THE '"' ""i • • ' bookstores and newstands; 1 ►
i BAICT* MIMhEAPOLIS JQURIHAL IK^B^B^S^R^B^^^S^BB r
track. The. common . sto.ck amounts to
$47,146,000. The preferred stock 7 ' per
cent yearly.non-commutattve is in amount
$40,454,900, The total earnings for the
fiscal year ended June 30, 1900, were $41,
--884,692. The total expenses were $28,420,
--837 and the net earnings $13,463,855. The
interest on. bonded debt was $6,633,170,
leaving a balance for dividends of $6,633,
--170. This balance includes the item of
"other income," $144,756. The amount of
the funded debt is $131,147,000.
The dividends since 1889-90 have been 7
per cent each year on the preferred stock.
No dividends were paid on the common
stock in 1889-90 and 1891. The dividends
since then have been as follows: 1892, 2
per cent; 1893 and 1894, 4 per cent; 1895,
2 j?er cent; 1896, 4 per cent; 1897 to 1900
inclusive, 5 per cent.
The company's lines as most people
know extend from Chicago westerly and
embrace such largp cities as Milwaukee,
Minneapolis, (fit. Paul, Omaha and Kansas
City. The cost or the road and equip
ment up to June 30, 1900, was $218,302,680.
In the year ended June 30, 1900, the
company transported 598,052 tons of flour;
1,470,049 tons wheat and 1,818,534 tons
The earnings for the fiscal year, 1900,
include freight. $31,220,217.27; passengers,
$7,698,513.51; mail, express, etc., $2,965,
These details may seem dry but they at
test the magnitude of this railroad which
Minneapolis has done so much to establish
The present excitement is such that one
firm sent recently 161 cablegrams to Lon
don within four hours.
AMERICAN ASSOCIATION MOVING
Enemy of the American Leaime May
Receive a. Salt Injection.
A. H. Koch, Charles Havenor, H. D.
Quin and Joseph O'Brien left Milwaukee
yesterday for New York, where they will
meet the other organizers of the American
association on Thursday for the purpose of
floating an organization which will be in
full accord with the National agreement
but bitterly opposed to the American
league. According to the best information
the circuit of the American association will
comprise Milwaukee, Chicago, Indianaßplis
and either Louisville or St. Louis in the
west, and Philadelphia, Boston, Washing
ton, New York or Providence in the east.
Indianapolis, Jan. 16.—Charles Rusch
haupt, one of the owners of the Indian
apolis ball club, confirms the report of the
birth of the American association and its
determination to fight the American league.
THE FIGHT A GO
Opposition in Cincinnati Seenis to
Be DyinK Out.
A Cincinnati paper has received replies
from governors of twenty-seven states and
all but one refuses to permit the Jeffries-
Ruhlin prize fight in their bailiwicks, ex
cept Governor Sadler of Nebraska, who
says that prize fights, even to a finish,
are permitted by a special legislative act
in that state. The opposition to the fight
in Cincinnati is gradually dying out, and
there is little doubt now that the big bout
will come off in that city as per'sehedule.
TICKER WAS WRONG
Sports Paid Their Money When They
Had Really Won.
New York, Jan. 16. —Thousands of dollars
were lost by followers of pugilism in this
city Monday night through an error in the
"ticker" account of the fight between Kid
Broad and Dave Sullivan at Louisville, Ky.
According to the gentlemen on the Lou
isville end of the wire, Broad was making
his opponent look bad. Based on the tlck
or report, odds on Broad were so heavy
that money sports were induced to take
the Sullivan end of the proposition. When
at the conclusion of the report of the
twenty-fifth round the ticker added,
"Broad was given the decision on points,"
THE MINNEAPOLIS JOUKNAL.
y^ (^ He Knows.
irs"3L/ That good taste is Havana
lf\S. ~* °m^: Sold throughout Minnesota, South and North Da- .
\ >w^ \^*&*^^ Jm ota ' Montana, Northern lowa, Wisconsin and
V \ )Aw Michigan. Cigar dealers, druggists, hotels; in
f^%s^s* >^ - -^^ jf I fact, everyone who sells Cigars sells them. .. .
viuilr -pi The Only Cigar Worth a Nickel.
■,:..... •,■■■■■-• .... j^w ' Vi f■■ '■'' ' '■ ;^L^ I R%• SBI PS Al VI ■■■ EfeMkß.l4% #% rf% HAM ■■ : tin ■ ■ ■
>«C^s4 ' Yt\ IYmAH-ELIEL DRUG CO., Minneapolis Wholesalers.
' ii xK/~\fw Mail Us Your Order.
■ : —~
the Sullivan backers paid their money and
went home.- The mistake was not dis
covered till the papers appeared this morn
ing. . . if . .; ;j .*../ -\'~V
ENGLAND VS. AMERICA :
International Track and Field Meet
Again in Sight. ' '.
New York, Jan. 16.—Yale and Harvard
will meet Oxford and Cambridge'on track
and field again, and the athletes of the
American universities will try to wipe out
the defeat they received at the hands of
the English students in the summer of
Preliminary arrangements have been for
some time in the hands of prominent
alumni of all four universities and are now
well advanced, but not one word will any
of the men who are negotiating with the
Ever since the two American college
teams of runners, jumpers and weight
putters crossed the Atlantic in 1899 and
were beaten by the English collegians by
one point, Harvard and Yale alumni have
been striving to get the English teams to
meet the Americans at home. The plan
is to have Oxford and Cambridge pay a
visit here and have the contests come off
on neutral grounds, preferably Manhattan
field, New York.
Erne After MeGovern.
Pittsburg, Pa., Jan. 16.—The sudden ap
pearance of Frank Erne, the lightweight
champion, ia town to-day was accompanied
by many rumors, the most plausible of
which is that he came here to challenge
MeGovern, who is playing here this week.
The young Buffaloniau is said to have a
proposition to make to "Terrible Terry"
which may result in another meeting. If
they fight, light weight limit will be the
Six-Round Go In St. Paul.
Jim Potts, Minneapolis, and Jim Kennard,
the "St. Paul Kid," will belabor each other
in a six-round contest at the Empire theater,
9t. Paul, next Wednesday night. The con
testants will weigh in at 132 pounds.
For the 'Varsity Team.
Candidates for the University baseball
team are anxiously awaiting the opening of
spring practice. A captain has not been se-
WEDNESDAY EVENING, JANUARY 16, 1901.
lected.' The following will try for positions:
Catcher, Davis, Barnard, Marshall: pitcher,
Chilton, -'■ We'gen, Catlin, Edward Freeman;
first base, Metcalf, Dobie; second base, Shea.
Hammerel, P. Freeman; third base, Plymat;
shortstop, . Cameron; outfield, Hurley, K.
Chase, Livermore, McKersick.
. .-- ■ . .. 1
.• -Hockey Match.
The Minneapolis and' St. Paul hockey clubs
will play their, third game to-morrow evening
at the Broadway rink, St. Paul. •
■ Easy for Gardner.
Tommy Hogan of Buffalo, N. V., went down
in the sixth round before the furious on
slaught of Oscar Gardner of Wheeling, W.
Va., at the Phoenix Athletic. club, Memphis,
last night. ' It was to have been a twenty
round "go."' •.-..
The Lennon & Gibbons and the Amateur
Athletic indoor baseball team will cross bats
at the Y. M. C. A. hall, St. Paul, Friday
Work on the Challenger.
The keel of Shamrock 11., challenger for the
America's cup, was run New Year's day.
Work on the boat is now being done at night.
Everything even the waste and scrap metal,
is locked up in a shed, and sealed before the
yard is opened lor the day workmen. Nine
ty-five tons of lead were melted for the keel.
Yellow King *«
For "Goodness sake" smoke it.
If you are nervous or dyspeptic, try
Carter's Little Nerve Pills. Dyspepsia
makes you nervous, and nervousness
makes you dyspeptic; either one renders
you miserable, and these little pills cure
Duke of Parma our
Try one to-day.
Roast Beef or Oysters, with accessories,
25c, at Glass Block Tea Room.
Entertain a College President.
Special to The Journal.
Fargo, N. D., Jan. 16.—Dr. Barrows, presi
dent of Oberlia college, delivered • a lecture
here last night and this evening will be a
guest of honor at a banquet to be given by
the Oberlin college organization..' There are
a large number of ex-Oberlin students here.
—Many Scotchmen of Fargo and vicinity are
arranging to go to Bismarck to assist the
State Caledonian Society in celebrating the
142 d anniversary of "Bobby" Burns, at the
capital. A big banquet and ball are to be
Seed for Spring- Sowing.
Special to The Journal. » •
Fargo, N. D... Jan. 16.—Some of the more
provident farmers are already shipping in
seed wheat for spring seeding. They are
afraid to trust the last year's crop and are
procuring seed in Minnesota and South Da
kota. This is reported from many sections
of the state. The email farmers, are unable
to procure their needed, seed grain easily,
but plans are on foot in some localities for
a number to go in together and procure a
car. It is the small farmers, who have little
ready cash, who are likely to be left behind
in the spring. ■ Many farmers of Minnesota,
along the Red river valley, are also shipping
In better seed.