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'THE BILLIOWSTONE COUNTY MONTANA TUESDA ZE TTE.
VOL. XVII. BILLINGS, YELLOWSTONE COUNTY, MONTANA, TUESDAY, DECEMBER 31, 1901. NO. 7,. PRESIDENT HILL'S HOBBY ASSAILED FROM ALL SIDES GOVERNORS' MEETING AT HELENA WILL ENDORSE VAN SSANT'S FIGHT. HOLDER OF COMMON STOCK APPLIES TO COURT Temporary Restraining Order to Prevent Retirement of Preferred Stock of Northern Pacific Issued by Minnesota Circuit Judge. Helena, Dec. 30.-No action was taken today at the meeting of the gov ernors and attorney generals of the northwestern states, called to consid er plans for opposing the proposed consolidation of the Northern Pacific, Great Northern and Burlington rail way systems. From thediscussionshad at the meeting, it is considered prob able that the plan of Governor Van Sant of Minnesota will be endorsed by the executives of the other states whl were present and that the fight against the railroad consolidation will be carried to a finish. What this plan is, Governor Van Sant refused to state until the meeting tomorrow morning shall have taken action. The meetings were held in Governor Toole's private office and behind closed doors. There were present besides Governor Toole and the attorney general of Montana, Governor Van Sant and Attorney Gen eral Douglass of Minnesota, Governor Herried and Attorney General Pyle of South Dakota, Govenor Hune and Attorney General Martin of Idaho and Attorney General Stratton of Wash ington, Governor McBride of that state not being able to be present on account of the death of Governor Rogers. Governor White of North Dakota was also expected to attend the con ference, and in fact had telegraphed Governor Van Sant that he would be present. In a later telegram, however, he stated that it was impossible for him to attend the meetings. The meeting was organized by the election of Governor Van Sant as chairman and Attorney General Mar tin of Idaho as secretary. After read ing Governor White's communication stating that he would not be present, Governor Van Sant made a brief speech in regard to the objects of the meeting, giving a brief history of the proposed railway consolidation and the effect he believed it would have on the states affected. "The state of. Minnesota," said the governor, "has had on her statute books for more than 25 years, laws prohibiting the consolidation in any way of parallel and competing lines of railways. It has been the settled policy of our state to maintain a free, open and unrestrained competition in freight and passenger rates. The Great Northern and Ncrthern Pacific Railway companies operate parallel and competing lines of railway within the state. These are practically the only roads which furnish any trans portation facilities in the northern half of the state, with the exception of two known as the 'Iron Ore Roads.' "It has been recently announced that Mr. Hill and his assistants have obtainel the controk of the Northern Pacific Railway company and intend to operate the same jointly with the Great Northern and in effect bring about a consolidation by removing all cdmpetition and all rivalry between these roads.. "To this end the Northern Secur ities company was organized in New Jersey to acquire a controlling amount of the stock of the Great Northern and Northern Pacific Railway compan ies in exchange for its own stock and it is through this company that the unity of management or control is to be effected. "As soon as this fact became known to me, I felt it my duty as governor, to do everything in my official power to oppose the .consolidation or amal gamation of these properties within the state of Minnesota. "If there is such a consolidation contemplated, and that fact seems to be practically conceded, it is an open violation of the law as well as the declared public policy of the state of Minnesota, and I feel that I should be negligent of my duties as the of fical head of the state if I remained quiescent under such circumstances. "I have been informed that the states wvhich you gentlement repre sent as governors and attorney gen erals have constitutional or statute laws similar in effec''to those of the state of Minnesota, and this was a question in which our state was not alone interested. Arguing along this line I took the liberty of asking for this conference of governors and at torney generals of the various states through which these two roads pass, believing that all such states were equally interested in maintaining the principal heretofore asserted by the state of Minnesota and reasserted he'e in its objection to this consoli dation, I felt that the interests were so vact and at the same time similar to those of our own state, that the states where you gentlemen are of ficial head, should be concerted and if possible such methods of proceedure adopted as would be uniform. "The people of the state of Minne sota, feeling certain that competition has been the chief factor in her de velopment and equally certain that its destruction would result in the greatest loss to both producer and consumer, has determined to oppose this consolidation. This determina tion is not entered into with any spirit of hostility towards railways. Our state has dealth liberally with them and has deeded to the various rail ways operating within the state more than 10,500,000 acres of land, or more land than is under cultivation by the people of Minnesota, and there has been deeded by the state and national government combined some 20,000,000 acres, being double the cultivated acreage in the hands of the agricul tural population. In view of this and other privileges granted by the state, it is but just to say that railways owe reciprocal duties to the public, includ ing cheerful obedience to our laws. "I wish the Associated Press would state for me," said Governor Van Sant this evening, "that I will not make a statement on this meeting until the conclusion of the conference. I have received a score of telegrams asking me for statements in regard to my proposed action, but until this meeting is over I will not talk." WHITE'S EXCUSE. Governor of North Dakota Gives Rea sons for Not Attending Conference Bismarck, Dec. 30.--Governor White of North Dakota did not attend the conference of governors at Helena for the reason, he says, that instead of being a conference to discuss the mat ter of the railroads merger, with a view to ascertaining the facts in the case, and whether any state laws are being violated, it has come to be her alded abroad as a meetng in open hos tilty to railroad interests, and with adjuncts of extra sessions and other things before the matter has been dis cussed at all. The following state ment of Governor White's position was authorized this afternoon: "So far as the people of North Da kota are concerned, there has been no demand for the governor, from any soarce, to mix in this matter. The people of North Dakota are not so much alarmed over the proposition as to be blinded to the fact that, re gardless of ownership, so far as rates and regulations are concerned, they will not surrender any power at pres ent possessed. Whenever the railroads oppress our people we will find a rem edy. Thus far we have not been in Jured by the so-called merger and it is best to await developments." BACKED BY HARRIMAN. Effort to Prevent Retirement of Pre ferred 8tock of Northern Pacific. Minneapolis, Dec. 30.;-Judge Elliott, of the district court of Henneplin coun. ty, this morning granted a temporary order restraining the officers of the Northern Pacific Railroad company from retiring the preferred stock of that company. The order was issued on the application of Peter Power of New York, who holds a hundrea shares of the common stock and who came on from New York with his at torneys for the purpose of beginning the action. It was showed that the failure of the acton brought in the New York courts by holders of pre ferred stock cleared away the last ob stacle to the retirement of the prefer red on January 1, leaving the Hill in terest in control of the road through its majo ity of the common stock. It is inferred, although it does not so appear, that the present action is brought in behalf of the Harriman interest to prevent control passing out of its hands for another year or until the legal standing of the North ern Securities company is settled. The claim set up by Mr.. Power-in his suit is that the retirement of the preferred stock is in violation of the agreement that such retirement would lay ho additional burdens upon the common stock and he holds that the certificates or debenture bonds to be issued to effect the retirement of the preferred stock would become a lien upon the common stock and thus work an injury to his property. It is un derstook that the block of 100 shares held by Mr. Power is the only block of common stock not hitherto control ed and definitely located upon one side or the other-the Harriman people or the Hill-Morgan interest. Judge W. A. Lancaster is the local attorney of Mr.. Power and appeared for him this morning. The restrain ing order will not only be served on the officials in Minnesota, but will be telegraphed to New York and served on the officials there. President Mel len was served with the order this eveuing. THE OHIO MERGER. Attorney General . Expresses Opinion on Proposed Suit; Columbus, O.. Dec. 30.-Attorney General Sheets said today, in regard to the suit to oust the Hocking Valley and Central Ohio railroads from their charters, that soine months ago, he looked up the matter with reference to the law forbidding the consolidation of parallel railways, and found noth ing in the statute to prevent the same man from being president of two such roads. "The roads are under separate man agement, their accounts and dividends are wholly separate and I came to the conclusion, and am of the same opin ion still, that no suit against the com panies could be maintained under the law. I also found that no addition has been made to the rates charged the public as a result of the co-opera tion and that the public was getting better service. "As to the charge that the increase in the price of coal is due to the com bination that matter has arisen since the time my investigation was made." Considers Case Closed. New York, Dec.. 30.---Captain James Park of Perth Amboy, N. J., one of Admiral Schley's counsel, said today that Admiral Schley considers the case as closed, but that his friends will ask congress to vindicate him by retiring him on full pay and reimburs ing him for expenses of his trial. IMPORTANT TO SHOE BUYERS THIS is the season of the year Swhen all wise shoe buyers are looking about for the best place to purchase footwear for winter. Absolute comfort, solid wear and' guaranteed satisfac tion is what you get at LOSEKAMP'S The E. P. Reed Fine Shoes for women, $3.50, $4.00, $4.50. Wide, Easy Shoes for Women, " $2.00 and $2.50 W. L. Douglas Union Made Shoes for Men, $3, $3.50 and $5.00. All Solid Work Shoes for Men, warranted $2, $2.50, $3.00 and $3 50 JOHN D. LOSEKAMP, THE FAMOUS CLOTHIER AND OUTFrTIER.. SCHLEY IS CIVEN MEDAL BY MARYLAND ADMIRERS AS TOKEN OF ESTEEM. ADMIRAL MAKES REPLY Gratified That He Was so Fortunate as to Have Won the Applause' of His Countrymen. Washington, Dec. 30.-The Mary land councils of the Junior Order of the United American mechanics to night presented to Rear Admiral Win field S. Schley a magnificent medal studded with diamonds as an evi dence of their personal esteem and ad miration and of his service to the country. The presentation took place in Admiral Schley's apartments in this city and was made by a commit tee from the councils which came over from Baltimore on an afternoon train. Admiral Schley sincerely thanked the committee, and added: "The Service which this beautiful emblem is intended to commemorate, were those which every loyal lovel of home and country would gladl perform for his people and for their prestige. It was my good fortune to have participated on that eventful 3rd of July in an engagement which re adjusted the georgraphical lines on this continent and this testimonial -frcm your organization is only another recognization of my fellow country men that these services have met their approval. I thank you again for this kind tribute." DIEO AWAY FROM HOME FRANK H. PEAVEYY SUCCUMBS TO PNEUMONIA. Was in Chicago on Business When Taken Down-Remains Will Be Taken to Minneapolis. Chicago, Dec. 30.-Frank H. Peavey, one of the best known grain men in the country, died here today of pneu monia, aged 51 years and 11 months. Mr. Peavey came to Chicago from his home in Minneapolis nearly two weeks ago on business. He was in his usual perfect health, but on De cember 20 he contracted a cold and that night took to his bed in the Auditorium Annex. The cold quickly developed into pneumonia and the patient's friends and relatives were notified. Hopeful bulletins were received daily but Friday night last the pa tient's condition took a turn for the worse, although he had felt much bet ter during the day. Saturday night again a good day was followed by dis tress at night. Yesterday, however, it was believed Mr. Peavey had suc cessfully passed the crisis of his sick ness. Up to midafternoon his bedside was the scene of an encouraging char acter, at that hour, however, the pa tient's breathing became more dif ficult and his heart action weak. A hurried consultation of physicians, Doctors Hammond, Ingals and Brow er, followed, and everything known to science to combat the malady was done. At 2 o'clock Mr. Peavey lapsed into unconsciousness and the family which surrounded him were informed that the end was approaching." At 3:30 o'clock he breathed his last. He owned the largest line of grain eleveators in the country, if not in the world. The sign "PV" was a fa miliar one on grain warehouses throughout the grain producing states of the west and northwest along the lines of railroad. At railroad terminal points he had large holdings, his interests in Chi cago being particularly heavy. His name for years has been potent on the boards of trade here and in the north west. The body will be taken aboard a Chicago & Northwestern train for Minneapolis tonight. Plans for the funeral will be made later. Mr. Peavey is rated as being sev eral times a millionaire. He was one of two men in the United States to carry $1,000,000 of life insurance in a single policy. The premium on this policy alone was $48,000 a year. The other policy is carried by George Gould. In addition to this policy Mr. Peavey is said to have had $400,000 in other companies, John Wanamaker being the only man in the Unit ed States to carry more insurance. JEFFRIES AND SHARKEY Will Fight Twenty Rounds in San Francisco. New York, Dec. 30.-Jeffries and Sharkey were matched this evening to fight some time between March 17 and April 30, 1902. The match is for 20 rounds, Marquis of Queens berry rules to govern. The fight will take place before the Yosemite Athletic club of San Francisco.. J. C. Kennedy, representing J. W. Coffreth, making a bid of 62½ per cent of gate receipts. HATE THE FRIARS. Memorial Procession in Manila Dis plays Animosity of Islanders. Manila, Dec. 30.-Memorial services and a procession were held here to day in honor of Jose Rizal the Fili pino leader. The services were cele brated in the Luneta, where Rizal was executed by the Spaniards, Decem ber 30, 1896. The procession called at the town hall and Acting Governor Wright addressed a few words to those who took part in it. The manifestitation was chiefly re markable for the intense hatred dis played towards the friars. When passing Augustine monastry the pro cessionists cried, "Your power is dead!" "Go home!" "We don't want you here!" "The blood of martyred Rizal is avenged!" "We have wit nessed your humiliation!" And other such words. IN THE MARTS OF TRADE. Record Showing Day's Commercial and Financial Fluctations. Wheat. Chicago, Dec. 30.-January 78}c; May 82Yc; July 81%c.. Minneapolis, Dec. 30.-Cach 77c; May 78%c; July 70c. On track, No. 1 hard, 79%c; No. 1 northern 77c; No. 2 northern 75½c. Duluth, Dec. 30.-No. 1 hard, cash to arrive 79'Ac; No. 1 northern, cash, December 75%c; to arrive, 76%c; May 79%c. New York Money. New York, Dec. 30.-Money on call firm at 6@12 per cent; closed offered at 6 per cent. Prime mercantile paper 5@5% per cent. Bar silver 55%c. Live Stock. Chicago, Dec. 30.-Cattle: Receipts 18,500, including 400 Texans. Strong to 10 cents higher. Good to prime steers, $firstname.lastname@example.org; poor to medium, $email@example.com; stockers and feeders $2 @4.25; cows, $firstname.lastname@example.org; heifers, $1.75 @5.25; canners, $email@example.com; bulls, $2 @4.50; calves, $firstname.lastname@example.org; Texas steers, $email@example.com. Hogs-Active and 10 cents higher. Mixed and butchers', $6.10@6..75; good to choice heavy, $firstname.lastname@example.org; light, $email@example.com; bulk of sales, $firstname.lastname@example.org. Sheep-Receipts 25,000. Weak; lambs steady to 15 cents lower. Good to choice wethers, $email@example.com; mixed, $3 @3.90; western sheep, $&.firstname.lastname@example.org; na tlve lambs, $email@example.comQ; western lambs, $firstname.lastname@example.org. RELATIONS NOT SEVERED GERMAN REPRESENTATIVE STILL AT VENEZUELAN CAPITAL. FLEET BEING REINFORCED Assurances Given That Collection of Claimes is Sole Object- Will Seize No Territory. Berlin, Dec. 30.-The German for eign office authorizes the Associated Press to announce that there is no truth whatever in the dispatches from Caracas saying that the German min ister has left the Venezuelan capital after a heated exchange of words with President Castro. The German charge d' affairs, Herr Von Pilgrim Ralltazzi, is still at his post and is continuing negotiations with Presi dent Castro. There has not been any question of breaking off diplomatic relations with Venezuela. The Ger man minister to Venezuela, Dr. O. Schmidt-Leda, who has been on a va cation here, is now on his way to Caracas. The foreign office again solemnly reiterates the statement that it does not contemplate territorial acquisi tions in Venezuela. The informant of the Associated Press declared that the rumors of a possibility of war be tween the United States and Germany were the thinnest kind of sensational nonsense. Today the small German cruiser Gazelle was ordered to sail immediate ly from Keil to Venezuelan waters, The government intends to send one or two other small warships to rein force the present German squadron in the Carribean sea. Additions to Ger many's naval force in the Carribean will not be sufficient to give rise to suspicions among the people of the United States that Germany meditates anything beyond the collection of claims due German subjects.. The German government desires, beyond anything else in this matter, to avoid disturbing the government or people of the United States. THE GERMAN RAILWAY. Traffic Still Suspended-Government Demands Dismissal of Manager. Caracas, Dec. 30.-The Venezulean, government has sent a reque. to Ber lin that Herr Knopp, manager of the German railway, be discharged. It is believed that Manager Knopp will be expelled. The official Gazette pub lished today contains a resolution of the Venezuelan government setting forth that Herr Knopp is unfit any long er to deal with the government, as he is an accomplice in the present revolu tion and must be discharged. The resolution further says Herr Knoop will probably be expelled from Ven ezuela. Traffic over the German rail way continues to be suspended. LAW UNCONSTITUTIONAL. Governor Orma:1 May Call Colorado Legislature in Special Session. Denver, Dec. 30.-Judge Riner, in the United States district court, to day made permanent the injunction against the state board of assesors preventing them from certifying out assessments against corporations. Judge Riner declared that the law ap pointing a board of 13 assessors was unconstitutional and that they had no power to make assessments. Governor Orman is considering the question of calling the legislature in special session to pass a new revenue law. Capitalization of Corporations. Washington, Dec. 30.-A bulletin of the bureau of census statistics, made public today, on industrial combina tions show a total authorized capital ization May 31, 1900, for 183 corpora tions reported, of $3,607,539,200 and capital stock issued $3,085,200;868. This total authorized capital includes $270,127,250 in bonds; $1,259,540,900 in preferred stock and $2,077,871,050 in common stock. Capital stock Is sued comprises $216,412,759 in bonds; $1,066,525,963 in preferred stock and $1,802,262,146 common stock. Senator Sewel.ibad died this mcrnlng at9:i0o.