Northern Pacific Railway

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Northern Pacific Railway,

former American rail line, following the northern route from Duluth and St. Paul, Minn., to Seattle, Wash., and Portland, Oreg. The Northern Pacific RR Company was chartered by special act of Congress in 1864, and construction was begun in 1870. Jay Cooke at first managed the enterprise, but after the Panic of 1873 the railroad company went into bankruptcy. Under the leadership of Henry Billard, the Northern Pacific was opened in 1883 from Ashland, Wis., to Portland, Oreg. The company became the Northern Pacific Railway in 1896. In 1901 there was a spectacular financial contest between the interests of E. H. Harriman and those of James HillHill, James Jerome,
1838–1916, American railroad builder, b. Ontario, Canada. He went to St. Paul, Minn., in 1856. He became a partner of Norman Kittson in a steamboat line and, with Kittson, Donald Alexander Smith (later Baron Strathcona and Mount Royal), and George
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 and J. P. Morgan for control of the Northern Pacific. The Hill-Morgan group secured control, but an agreement between the two groups resulted in the organization of the Northern Securities Company, a giant holding company that controlled the Northern Pacific, the Great Northern, and the Chicago, Burlington & Quincy. When the trust was dissolved (1904) as a violation of the Sherman Antitrust Act, the Hill-Morgan interests came into control of the Northern Pacific. In spite of the breakup of the Northern Securities Company, a proposal for a very similar merger was made by a consultant for the Interstate Commerce Commission in 1921. The plan was never acted upon, but 40 years later the Northern Pacific again asked for permission to merge with the Great Northern and the Burlington lines. Finally, in 1970 the Supreme Court approved the consolidation. The merged company became the Burlington Northern RR, which in 1995 merged with the Santa Fe line to form the Burlington Northern Santa Fe RailwayBurlington Northern Santa Fe Railway,
railroad system in much of the United States (except the Northeast) and in S Canada, created in 1995 from the merger of Burlington Northern Inc. and the Santa Fe Pacific Corp. (see Santa Fe RR).
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References in periodicals archive ?
The Northern Pacific Railroad completed its transcontinental line in 1883 and immediately added a sixty-mile spur from Livingston, Montana to Yellowstone's northern entrance.
These piecemeal efforts, however, proved to be insignificant in comparison to the efforts of the most active private interest in the region, the Northern Pacific Railroad, chartered by Congress on 2 July 1862.
Source: Haines [1977, II, 478] and various annual reports of the Northern Pacific Railroad.
13) When the Northern Pacific Railroad Company went into receivership for the second time in 1895, Haines [1977, II, 48] says its stock in the Yellowstone Park Association was valued at $372,550, and "the gross passenger receipts from the Yellowstone Park business had averaged $92,357 annually between 1890 and 1896.
Almost three years earlier, BNRR had started what turned out to be a long and expensive process of modifying indenture provisions on bonds issued in 1896 by Northern Pacific Railroad as it was being reorganized.
This paper examines the BNRR experience with restrictions covenants on the Northern Pacific Railroad bonds and the stock market reaction to a relaxation of those restraints.
The 1987 settlement agreement relaxed covenants on two series of Northern Pacific Railroad bonds.
Sioux individuals almost certainly gathered in NP Park, close to the Northern Pacific Railroad line, carrying assorted beaded souvenirs for sale.
Paul Railroad began building a "Puget Sound Extension" to compete with the Great Northern and Northern Pacific railroads.
But some of the most beautiful pieces in the collection are commemorative bottles issued, for instance, by the Central and Northern Pacific railroads.

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