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ST. PAUL'S FUTURE Question of Management Under Its | New Control. NO VIOLENT CHANGE PROBABLE St. Paul System, Its Extent and it* Finances— Stock In Demand. 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 count. 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 ments proceed. The company operates 6.423 miles of 4 &k\Vo^Jmw^\ m Bart's Cartoon 800k '1 I 4 v^yCr'" "'^F^^Siil 1 - - if containing over 100 of ll [ 1 Jaf^ V 11 the best cartoons pub-(g f j■ : : v"M : P lished in The Journal 1 ..' ► 1 3 S durin 91900 on p°litics -1 ► j /^^-^^^^^^^^sflV^«l^ ■■ S and otner uP"to-date M r j '^^^^^^^^^^^^^rt. sJ^' ''m 0: m MAILED T0 ANY ADDRESS FOR 25c- m r 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 coal. The earnings for the fiscal year, 1900, include freight. $31,220,217.27; passengers, $7,698,513.51; mail, express, etc., $2,965, --961.22. These details may seem dry but they at test the magnitude of this railroad which Minneapolis has done so much to establish and develop. The present excitement is such that one firm sent recently 161 cablegrams to Lon don within four hours. SPORTS 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. Bismarck 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 1899. - 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 Englishmen say. 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 stipulation. 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."' •.-.. Indoor Baseball. The Lennon & Gibbons and the Amateur Athletic indoor baseball team will cross bats at the Y. M. C. A. hall, St. Paul, Friday night. 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 both. 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 given. 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.