CM
vol. vin
THE DALLES, OREGON, MONDAY, MAY 20. 1895
NO 119 .
THE NORTH PACIFIC
Confirmation of Rumors Re
garding Reorganization.
HILL HAS A FINGER IN THE PIE
The United German Committee Hare
ApproTtd the Plan Prepared by
the Adams Committee.
New Yohk, May 18. Among the pas
sengers on the steamer New York today
was President J. J. Hill, of the Great
Northern, who has been talked of very
much of late in reference to the pro
posed control of the Northern Pacific.
He said :
"The reorganization committee of the
Northern Pacific has a majority of each
class of bonds, and is ready to push the
reorganization of the road quite vigor
ously."' "Are the Great Northern people in
terested in the matter?"
"I am one of a number of gentlemen
who are interested in the Northarn Pa
cific reorganization, and our company
will be ready to do anything it" can to
facilitate the matter. We shall be glad
to see the Northern Pacific reorganiza
tion on a baBia which can carry its finan
cial burden. The three failures of the
Northern Pacific, commencing with Jay
Cooke, have marked three financial
crises or panics in America, and I think
the placing of the company on a sound
financial basis, as at present proposed,
will do as much to restore the credit of
the security holders here and abroad as
anything that could be done anywhere."
"Will the Great Northern take part
in the reorganization?" '
"I am not prepared to say what the
Great Northern will do, further than to
state that you may depend on the Great
Northern looking out to the best of its
ability for its own interests. It will be
most glad to co-operate with the bond
holders of the Northern Pacific to secure
the results I have stated, and thus put
that company on a sound basis. I do
not care to go into the matter any fur
' ther at this time for reasons that must
be apparent to you."
Did you meet J. Pierrepont Morgan in
London?"
"No, there is absolutely nothing in
that story at all," replied Mr. rfill. "I
did not even see him, much less talk to
him."
"What are your relations with the
Vanderbilts, present and prospective?"
"We have very pleasant relations with
them," answered Mr. Hill, "but our re
lations are also pleasant with the other
lines, ane we have no desire to make
any closer alliances than are at present
existing."
The Reorganization Committee's Plan
Berlin:, May 18. For the past four
days meetings of the united German
Northern Pacific committee have been
considering the reports of Ed Adams,
the representative of the Deutsche bank
of Berlin, for the reorganization of the
Northern Pacific, and they have finally
authorized him to carry out his plan,
which the bondholders will be recom
mended to accept.
The first point of the Adams reorgani
zation plan is the foreclosure of the old
company rnd the formation of a new
company under special arrangements for
this purpose. .
Secondly, the new company is to issue
shares to the amount of $100,000,000, and
a maximum of $200,000,000 gold bonds,
free of taxation. A sufficient amount of
these bonds is to be reserved in order to
replace the present first mortgage bonds
later, and $3,000,000 bonds are to be re
served in order to acquire .independent
branch roads, and for new construction
at a maximum charge of $20,000 per
mile. The new bonds will be secured
by a mortgage lien on the Northern Pa
. Highest of all in Leavening
AE2&OZJWEnEX ' 5JE-E
cific eystem, including the St. Paul &
Northern Pacific line, and will bear in
terest partly at 4 and partly at 3 per
cent, all under the same mortgage.
Thirdly, the capital and interest of the
new bonds are to be guaranteed, uncon
ditionally, by the Great Northern rail
way by endorsing each bond, the Great
Northern receiving in return half of the
stock of the new company.
Fourthly, the board of directors of the
new company is to consist of nine di
rectors, four of whom are to be nomin
ated by the Northern Pacific reorganiza
tion committee. -,
Fifthly, in accordance with his system
there should be given for each $1000
Northern Pacific second mortgage bond
a $1125 new 4 per cent guaranteed bond;
for a $1000 third mortgage bond a $1000
new 3 per cent guaranteed bond, and at
least $250 in shares ; for each $1000 5 per
cent consol, at least, $500 3 per cent new
guaranteed bonds and $300 In shares.
Sixthly, that overdue coupons of the
second mortgage be paid in cash at the
rate of 5 per cent annually. Those ot
the third mortgage are to be paid in cash
at the rate of 4 per cent, and those in
consols are to be adjusted at the rate of
2i per cent in new 3 per cent bonds.
Seventhly, the floating debt of the re
ceivership is to be paid by the assess
ment of about $11,000,000 on the old
stock.
Eighthly, the reorganization and the
raising of the necessary working capital
is to be secured by a syndicate headed by
J. Pier pont Morgan and the Deutsche
bank.
General 8choneld Has Started on Bis
Xonr of Inspection.
Memphis, May 18. Lieutenant-Gen
eral John M. Schofield, commander of
the United States army ; Mrs. Schofield,
and Miss Kilbourne, her sister, and
party, arrived in this city at 7:30 this
morning. They were met at the depot
by Major-General Snowden, command
ing the encampment, accompanied by E.
S. Kellogg, Fifth infantry; General Joe
Wheeler, of Alabama, and a detachment
of troops in the Third cavalry, under
Major Keyes, and company A, United
Confederate Veterans, under Captain
Carnes. . The latter command is com
posed of men who met General Schofield
on a less friendly footing at Franklin,
Tenn., in the fall of 1864, and who took
this occasion to show their appreciation
of tl.eir former adversary. At 11 o'clock
General Schofield received the officers of
the army temporarily stationed here.
This afternoon the general visited Camp
Schofield, but only in a private capacity.
He will appear in state and review the
troops Moaday.
The Kershner Court-Martial.
Washington, May 18. The record of
the naval court-martial in the case of
Medical Director Kershner, which has
just wound up at New York, was brought
to the navy department by the the judge
advocate of the court, Lieutenat Lauchei
mer. It has been placed in the hands
of the judge-advocate-general of the
navy, who is now carefully examining it
with a view to ascertaining its regularity,
and when this examination is completed
it will be turned over to the secretary of
the navy lor his approval.
The Bearing Sea Patrol.
San Diego, May 18. Orders were re
ceived last night from the treasury de
partment for the cutter Oliver Wolcott
to proceed to Bebring sea as soon as
ready. These orders have been expected
and the repairs have been hurried in
consequence. With the Wolcott, Bear,
Bush, Corwin, Perry and Grant in Beb
ring eea, this whole coast will be left"
without protection from smuggling oper
ations, and the saving of life and prop
erty, in which the cutters have proven
invaluable, will temporarily be at an
end. -
Paymaster Smith's Court-Martial.
Washington, May 18. The findings
in the court-martial of Paymaster Henry
K. Smith, of the navy, have been laid
before the president by President Her
bert. The charge against Smith, who is
paymaster on the Concord, now on the
Power. Latest U.S. Gov't Report
Let
There
Be
Light
on packing house methods of lard
rendering, and there will be less lard
used. Many people realize that it
is impossible now-a-days to procure
old-fashioned leaf lard. They
demand something better than the
modern stock-yards product.
O,
A?
COTXOJLENB
The New Vegetable Shortening
fully supplies that demand. It is
clet.i, delicate, healthful and eco
nomical. Ask your grocer for the
genuine Cottolene.
HASIODITBT
THE N. K. FAIRBANK COnPANY,
ST. IXtTIS and .
Chicago, Nevr York, Bon,
Asiatic station, was drunkenness, and
was preferred by Commander Folger, of
the Concord. . The fact that the case hat
been taken to the president means that
the court recommended dismissal.
Any one who has ever bad an atack
of inflammatory rheumatism will rejoice
with Mr. J. A. Stumm, 220 Boyle
Heights, Los Angeles, ovtr his fortunate
escape from a siege of that distressing
ailment. Mr. Stumm is foreman of
Merrian'a confectionery establishment.
Some months ago,. on leaving the heated
work room to ran across the street On an
errand, he was caught out in the rain.
The result was that when ready to go
home that night he was unable to walk,
owing to inflammatory rheumatism. He
was taken home, and on arrival was
placed in front of a good fire and
thoroughly rubbed with Chamberlain's
Pain Balm. During the evening and
night he was repeatedly bathed with this
liniment, and by morning was relieved
of all rheumatic pains. He now takes
eapecial pleaeure in praising Chamber
Iain's .rain isalm, and always keeps a
bottle of it in the house. For sale by
Blakeley A Houghton, Druggists.
Another Reservation Ready.
Washington, May 18. It is under
stood that the date for opening the Kic
kapoo reservation in Oklahoma. Set
tlement is fixed for next Thursday.
Settlers will be required to pay $1.50 an
acre, 50 cents of which doubtless will be
required for deposit on the original en
try. Copies of the proclamation have
been prepared, and will be immediately
issued on official notification of the pre
sident's approval. All necessary pre
parations have been made by the land
office officials for carrying the provisions
of the proclamation into effect. The re
reservation consists of 216,090 acres, but
131,000 acres of this have been withheld
for allotments of the Indians and for
school indemnity purposes, leaving 85,
000 acres to be taken up.
While in Stockton, Cal., some time
ago, Thos. F. Langan, of Los Banos, that
state,' was taken very severely cramps
and diarrhoea. He chanced to meet Mr,
C. M. Carter, who was similarly afflcted
Ho sayr: "I told him of Chamber
lain's Colic, Cholera and Diarrhoea
Remedy, and we went to the Holden
Drug Store and procured a bottle of it.
It gave Mr. Carter prompt relief and I
can vouch for its having cured me.
For sale by Blakeley fc Houghton , Drug
gists.
The Mew Battle-Ships.
Washington, May 18. Secretary Her
bert has leen in consultation with the
naval construction Doarcl almost all aay,
discussing the questions relating to the
battle-ships authorized by the last con
gress. No conclusions were arrived at
as to what plans will be adopted.
Pain has no show with Dr. Miles' Pain Pilla.
E3
for Infants and Children.
Castoria promotes Digestion, and
overcomes Flatulency; Constipation, Sour
Stomach, Diarrhoea, and Feverishnees.
Thus the child is rendered healthy and its
sleep natural. Castoria contains, no
Morphine or other narcotic property.
" Catoria Is so well adapted to children that
I recommend it as superior to any prescription
known to me." H. A. Aechib. M. D.,
in Sooth Oxford St., Brooklyn, N. T.
" For several years I have recommedaed your
Castoria, and shall always continue to do so,
as it has invariably produced beneficial remits."
dwi F. Firdii, M. D.,
125 th Street and 7th Are, New York City.
i
"The use of 'Castoria is so universal and
Its merits fo well known that it reams a work of
supererogation to endorse It. Few are the in
telligent families who do not keep Castoria
within easy reach.' r
CLlblos Kabttv, D. D.,
Mew York City.
Tn CavrAua OomrAjrr, TT Hurray Street, If. T.
HvaltcH& and Neuralgia cured by tr.
MILES' PAIN PILLS. "One cent a dose."
BOSS
CASH
STORE
"
MEN'S TAILOR-MADE SUITS
MEN'S TAILOR-MADE PANTS
BOYS SUITS AND PANTS
166 Second St.
LOOK OUT FOR
SOMETHING STARTLING
TOMORROW.
A. M. WILLIAMS & GO
FRENCH & CO.,
BANKERS.
TRANSACT A GENEB.ALBANKINU BUSINESS
Letters of Credit issued available in the
. Eastern States.
Sight Exchange and Telegraphic
Transfers sold on New York, Chicago, St.
Louis, San Francisco, Portland Oregon,
Seattle Wash., and various points in Or
egon and Washington.
Collections made at all points on fav
orable terms.
J. B. BCHKHCK,
President.
J. M. Patterson,
Cashier.
first Rational Bank.
THE DALLES. - - - OREGON
A General Banking Business transacted
Deposits received, subject to Sight
Draft or Check.
Collections made and proceeds promptly
remitted on day of collection.
Sight and Telegraphic Exchange sold on
New York, San Francisco and Port
land. DIREOTOHS.
D. P. Thompson. Jno. 8. Schincx.
Ed. M. Williams, . Gxo. A. Likbk.
H. M. Bsall
Lace Curtains
White Bed Spreads
Fine Linen Table Damasks
JVI. HOfiYWILiLi, Importer.
DOORS,
WINDOWS,
SHINGLES,
FIRE BRICK,
' FIRE CLAY,
LIME and
CEMENT,
Window-Glass
, and
Picture Mouldings
ZEE. G-XjIEILSrilSr.
20
per cent
Discount
LADIES SHOES
SCHOOL SHOES
GENTS' SHOES
HAp and CAPS