Show to L t Endicott Talk I New York 23 lresident EadI pott replying to the requst of the stockholders for information con earning the condition of the affairs of the Oregon Transcontinental company says so far as he is I been aware no stockholder has ever refused any information proper to bQ communicated though it has not always been possible to be accurate lowing to many unsttled accounts I He says pbrinKase in value of Northern Pacific and Oregon RaIlway J RaIl-way Navigation company stocks held December last by by Oregon Transcontinental company will f amount during the past year to I more than 20030000 or mire than SCO per share upon Oregon Transcontinental Trans-continental stock In reference to the re urn of the companys cffic to New York Endicott pays the as aistmt treasurer has already trans ferred the books and stockholders will be shown a statement of a set and liabilities of the company In regard to maturing the funding scheme End cott says It eeem hardly prsc icable to attempt it with success until later in the year The 33000000 loan matures December 31 and remaning indebtedness at a somewhat remote date BO that collateral is not at present available There is much reason to expect that the summers business upon both Northern Pacific and Oregon Railroad Rail-road and Navigation com oanies will be such as very much to strengthen the collateral col-lateral which the company will have to offer as security for a long loan The annual meeting of the corporation will occur within sixty days and aa changes in the management manage-ment ara possible it seems to me moe appropriate to leave that matter mat-ter for the new board of directors to deal with The companys officers have endeavored to bring the company com-pany from the very critical condition con-dition in which it was found in December last into one of undoubted undoubt-ed solvency to adjust and pay floating indebtedness which proved to be much larger than had bean anticipated an-ticipated and generally to bring affairs into a snug condition Much the larger part of this work has been accomplished and it now remains re-mains to be seen how far the development de-velopment of the noithwestern territory will make good the expectations ex-pectations which led to the organization organ-ization of the company |