Show A GREAT CONFLICT OF CAPITAL western and eastern capitalists organized to secure control of the defunct pacific packing and navigation company bellingham wn apt 26 A combination of western capitalists has been organized to secure control ot the prop eray ot the defunct pacific packing and navigation company this party of financiers hope to bid in the properties when they are offered tor sale in the federal court next month and a conflict of capital such as has not been seen in the west before may be waged before judge hanford of seattle when the sale occurs J P morgan richardr delafield august belmont the balg mans and other eastern financiers are the heaviest creditors of the pacific packing and navigation company and there Is an unconfirmed report that they plan to bid in the property and operate it directly in their own names six months ago james A kerr receiver of the company and the officers of the company itself determined upon a organization reorganization re and began plans to carry such a movement into effect but tho great value of the holdings of the pacific packing and navigation company attracted san francisco seattle and other pacific coast capitalists which contemplate the formation of a company which may become an important factor at the sale |