Ottumwa semi-weekly courier. [volume] (Ottumwa, Iowa) 1899-1903, 1901-05-14

20 the lore again IN dnOther trluHe CoHi-
this time composed of Hill.
Hartman and himself, the great bank
er furnishing the capital, it is believed,
for some of the early deals and the 9TH
ers the roads. Mr.. Coils p. Huntington
called attention to Harriman's execu-
tive ability the year before he died, but
he could not have imagined that not
long after his death this young man
would have control of the great South
ern Pacific, which he had been instru
mental in creating. The control of this
line gave Hartman and his friends
supremacy, for the road runs
not only from New Orleans to San
Francisco, but easterly from the latter
point to Ogden, where it meets the west
ern terminal of the Union Pacific. This
new Colossus of roads" then, sat
astride the transcontinental railway
system so necessary to the great lines
of the east and was absolute master of
the situation. Now. the kings of the
east must treat with him if they would
extend their lines from coast to coast,
and rumor has it that the recent phe-
nomenal fluctuations in Union Pacific
railway stocks were owing to fine
battle royal between Hartman and his
friendly rival, Vanderbilt, ending in
new deal all around.
Mr.. Harriman's rise has been so sud-
den that he is probably less known than
any of his brother millionaires outside
the immediate circle of his friends and
fellow manipuators. He is, however,
known for his indirect contributions to
science, in the celebrated expedition to
Alaska which he fitted cut less than
| two years ago. and as thinker and
| scholar He resides most of the time
near Tuxedo. N. Y, and his Arden
| farms at Goshen, Orange county, about
$4,000 acres in extent, are famous. Like
! his friend Hill. he has a hobby for
| blooded stock, the Hartman horses be-
ing as celebrated in their way as Jim
Hills bulls" The headquarters of Mr..
Harrimans railroad systems, with
nerves ramifying the country, is at 126
Broadway. New York city.
Hand and glove with Hartman in his
Vast transactions is his friend Mr.. Ja-
cob H. Schiff, who was born in Frank
fort on the Main in 1S47, coming to this
country poor boy in 1865. He became
member of the banking firm of Kuhn.
Loeb & Co., in 1875 and married a
daughter of Mr.. Loeb. The names of
Hartman, Schiff and the firm of which
the latter is member are usually link
ed together in transactions involving
the great railroads of the middle west,
and one can make shrewd guess as to
whence the capital is drawn. Mr.. SchiH
is well and favorably known as phi
lanthropist, and especially as a donor
to great Hebrew charities, to which also
he devotes much valuable time.
The seventh great group practically
controlled by one man is the southwest
ern system. The man is Mr.. George j.
Gould. This system comprises the Mis-
souri, Pacific, with more than 5000
n miles; the Texas Pacific, the St. Louis
n and San Francisco, ETC., besides the
p Wabash, the Rio Grande and Western
n and the most recent acquisition, the
lie and the most recent acquisitions, the
m Denver and Rio Grande and Wheeling
u and Lake Erie, or more than $4,000
y miles,
The Missouri Pacific, as all "old sta
:, gers" know. was the pet project of the
~ late wizard of Wall street." George
: Goulds father, who is said to have taxi
~ en- it as "a sort of plaything," to see
= what he could do with it. Under his
=, wonderful management it speedily de-
= veloped tributary lines and branches
10 and opened new regions to settlers and
40 new coal mines to prospectors, resulting
" in the vast Missouri Pacific system OF
a. today. And even as his father inn
ne ne proved the first railroad he owned-the
~ Rutland and Westinghouse George
as Gould has extended and expanded the
~. Missouri Pacific 1t was his fathers
VI Injunction to maintain credit at any
ne cost, and he has done it. as the note
" worthy advance of Missouri Pacific
on stocks from less than 80 year ago to
~ above par within the past month con.
81 clusively proves.
"a Brought up under his fathers eye
na trained in every detail of railroad man.
or agement George j. Gould is probabi!
FOR better equipped than any other man il
he the United States for carrying on his 81
al gantic projects with farseeing ken. HI
ESQ may remember the Vanderbilt caution
Sc that it is harder to keep fortune thai
at to make it, but he has nevertheless
as greatly increased the millions left hin
by his father, and at the age of only 3
i'm he stands far ahead of his honored par
wn ent in the matter of accumulate
in wealth and extensive operations. ia
led Gould used to say of him that Georg
lily had never failed to meet in exactly tn
ore right way every responsibility and ths
ur- there had not been single act he ha
900 done on his own judgment which wa
in not precisely the right thing to do.
the railway affairs go. are represented b
'sl. Mr.. William Rockefeller and are en-
IN I'm tirely in sympathy with Mr.. Gould an
lth the Hartman syndicate, so the deals c
IN both will in all probability receive the
sanction. MIR. Rockefeller's influence
~ apparent in the Missouri, Kansas an
IN IN Texas railway and allied lines as ais
'Ne in the Chicago, Rock Island and Ps
cific The last named road, togetht
cen with the Chicago, Milwaukee, and s
% Paul and the Chicago Great Wester
ny are important links in prospecti'
i 10, trancontinental combination, at II
,iti present writing independent of synd
an cate control. There are some 800
" miles of so called Independent railroat
10 forming an element large enough to
ID treated with respect by the syndicate
l . The biggest of these is the valuab
nus Atchison. Topeka and Santa Fe, wi
tWo nearlv s 400 miles and q Pacific Quite