Show I J. J J. J HILL TELLS ELLS PURPOSE OF HIS NORTHERN SECURITIES Ip COMPANY Ny 1 ST. ST PAUL Oct 21 The The adjourned hearing of the Go e Government suit ull against the called so railway wa merger was called to order by Special Examiner Ingersol at the Circuit court In this city yesterday yester yester- hay day and tho the entire day was given to the direct t testimony of ot President J. J J J. Hill for Cor or th the defendants the crog cross examina tion having Just begun when the court adjourned for or the da day I Mr III Hill went over O much of or the ground previously previous by Iy him In I his testimony before the Interstate Commerce commission lon In other suits I similar to this but yesterday he brought out more full fully that the exchange of Great Northern stock for that of tho the Northern Securities company was the Individual act of the individual shareholder shareholders share share- holders holder and dwelt dwell at length on his statement that the thc whole hole purpose e of the organization of or the Northern Securities Se- Se was as for Ol the protection of r C a great commerce commerce- with the Orient which the northern lines had luu sou sought ht to develop develop de de- de- de In competition with the t transportation trans trans- nf- nf companies of oC the whole world o rl ci The rhe circular of the Northern SecurIties Securities Securities offering to ties company compan to shareholders exchange stock had heretofore been placed in evidence but yesterday the altorn attorneys through Mr Ir huh Hill brought ina In Ina Ina a 1 circular letter sent b by him to to numerous Great Northern shareholders In an answer to Inquiries telling tel them thien that any action of ot theirs In exchanging their stock must be their own individual ual action and not Influenced b by him Mr Hill Hili was again taken over the ground of or competition with the transportation transportation trans trans- companies of or the tho whole earth on the high seas and then re recurring ye- ye to the holding company he reiterated reIterated re re- Iterated that the whole Int Intent and purpose purpose pur pur- po pose e was to the companies In Interested In- In crested and that the c tv was ab absolutely no Intent or thought of or restricting trade lie He insisted that thal the Great Northern railway was waH now carrying business lower an any of or the southern south south- em ern lines adding that the actual rates I-ates now In iii effect on the on and anti antiUnion Union Pacific If It applied to the tie lre present ent business on the Great Northern would raise the earnings tull fully There W was S so fa far at- at atas 1 as he knew novel never an any Int Intention on nt pr cr purpose se of or de destroying de- de competition between the Northern Pa Pacific and Great Greal Northern Railway nall companion companies H. H b by- by bythe the organization of oC the Northern Securities com company compan pan VI Very ry little business op on those lines lines- h. h said II is not affe affected ted h by competition with still other lines ihns PO so that even en if it thc they wl wished hed to destroy competition their utmost efforts could not affect 10 per cent of or the thc hU business He lie be beloved he- he loved lIe the he competition was 5 aa nB free tree and full as at any time In twenty years Neither the Great Northern compan company com corn pan pany nor I Its aa as such u h. h M sold said Iii Mr I. 1 luau hall un anything to do with th the organization of or the Northern Securities company compan It was p purely rel a n matter for forthe or orthe orthe the shareholders find not to exceed eleven cleven out of or el eighteen more niece or less took part in the organisation apon The names of or these thelie eleven en as he r re remembered re- re them were given There i was no action b by the Northern Pacific l com company pan as ns such uch looking to the thc sale of ot stock to the Northern Securities company That was Mas entirely a matter I for the he shareholders as individuals The Thc sale b by myself and everybody everybody- and as president of or the Northern Securities company compan I know the conditions conditions- of or the stock of or the Northern Securities company compau was absolute and cO complete and that company compan I is free to to bun burn the stock or do what It sees fit with it There was no rio condition of or any kind at attached attached attached at- at to the sale alc of the stock and no I agreement ment or condition was s-as ever con con- 1 I pla ted 1 |