Show I I RAILWAY CIRCLES PRESIDENT HILL OF PHD GUEAT XORTHX HOME AGAIN Ills Company Ready to Cooperate With the Northern Pacific Bondholders Bond-holders The Transcontinental Meeting at Chicago Local Railway Rail-way Notes I New York May IS Among the passengers pas-sengers on the steamship New York which arrived this morning were President J J Hill of tho Great Northern who ha been talked of very much of late in reference to the proposed control of the Northern Pacific Pa-cific j He said The reorganization committee com-mittee of the Northern Pacific railway rail-way have a majority of each class of bonds and are ready to push the reorganization of the road quite vigorously vIg-orously Are the Great Northern people Interested in the matter I am one of the number of gentlemen gentle-men who are interested in the Northern North-ern Pacific reorganization and Pacifc rerganizaton our company will be ready to do anything it ca to facilitate the matter We shall be glad to see the Northern Pacific Pa-cific reorganization on a basis which can carry Its financial burden The three failures of the Northern Pacific commencing with Jay Cooke have marked three financial crises or panics In America and I think that 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 at home 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 Ii Great Northern looking out to the best of its ability for its own interests inter-ests I will be most glad to coopErate coopEr-ate with the bondholders of the Northern North-ern Pacific to secure the desirable results re-sults that I have stated and thus put the company on a sound basis I dont care to go Into the matter any further at this time continued Mr Hill for reasons that must be apparent ap-parent to you Did you meet J Plerpont Morgan In London No there is absolutely nothing In that story at all replied Mr Hill I did not even see him much less talk to him What are your relations with the Vanderbilts present and prospective tiveWe We have very pleasant rotations with them answered Mr Hill but our relations are also pleasant with the other lines and we have no desire to make any closer alliances than at present existing |