Show A REMINISCENCE REM Mr Ir John S Kennedy and the Struggle clo gle 10 Preceding the Northern l Panic In 1901 The death of John S Kennedy Kenned remo remover er cd J another of the fast diminishing diminish In group roup of f old time bankers and nn railroad men whose activities in the early carl fifties did much to develop the west red and add to tour our ur banking connections abroad Mr Kennedy figured tI prominently In Inthe inthe the lie negotiations nel attending the tho lon tion of or the Northern Securities company His ils holdings of ot Northern Patine steep stacie were ere so fO large lare as to bring him very vcr tempting offers from tho the opposition forces In 1801 leol when efforts to wrest control con 10 from Crom the faction led ledo to o the sensational corn r episode of or May lay 9 0 with the quotation of or 1000 for tor Northern Pacific stock Always a stanch friend of or James Jams J Hill Mr 01 Kennedy Kennell hacked backed the tI e Morgan syndicate te through throughout h hout out ut the Pacific fight and re reused refused used fused really prices for lilt Ids hl hold hol lags With lord James Jame J JUll Ull Hili and a foreign client Mr aIr Ir Kennedy Kenned was vas said at al the time to hold of at f the Northern Pacific com corn common non mon stock Just what his hilS own o n holdings were was Una RS not hot disclosed dl clo ed but In speaking to o a tl friend of the tempting made Mr Ir Kennedy Kennell sold We could have gotten botten all sorts foils of or prices for fOl the tho stock but not one of or my I i lends would woul think for Cor a 11 moment or drafting deserting Mr Morgan lollIn and Mr Ir Hill Bill Wo We e set et out to stick by b them and no offer of ofer offer fer er however tempting could Induce us uso to o sell lell our holdings nt lit a time when to todo todo do s so o would have meant possible disaster t ter er r for rOI the Morgan side Ido I know ow of or one ape man In Europe n a clo close c friend of mine who refused a 1 flat fiat at offer of several so cral mil nil nillion milIon million lion Ion dollars dollar from Crom the forces forceN although such Much a n price for Ills hili holdings a really prodigious lous profit for him himI I II if I was wan Ill an holder und and got jot his hi stock at a price which looks bolts almost ridiculous In comparison with present quotations quotation Hut But we stuck by h our oui fi friends lends regard regardless I less Its of every eer sort lit of r Inducement held out to In make mako us Ul desert desort them There was wal no fettering faltering although things were done and offers made mado that were calculated to make men melt falter faller But Dut ther therall i wax was all moro more than money mone at nt stake slake In sun suna mf a contest and although U a n strife such S ad as tg I ft wo we eco had then hens t r leads frequently fr l to nn complications unit und sometimes forces forcell men to make new friends none mono of us ever elver thought of such a n athing thing for tor fora tora j I a moment AVe We e were on the thu side Q o of Mr Morgan and 1111 Mr 11 Hill Hili from principle and them through we were with thorn thom to see Ice Irrespective of what rewards reward rel rd were vero held out or what was wall done dono to make mak us change e our attitudes elf It was as a great Ireat big struggle though such as nil rarely tries men met In these days daH but I gue guess s Mr 11 Mor Morgan know knew pretty prett well ll who hll gan wish friends were when he ho he got through with It Ite e |