The evening world., 1903-01-16
EXPRESS. TRUST
BEING FORMED.
Wall Street Believes that Gould,
Hartman and Plat Are
Working to Combine All the
Great interests.
ARE NOW UNDER WAY.

Wall street believes that a $50, 900, 900
Express Comnanv Trust has been
formed. and that Edward II. Hartman
i 70 he its president.
The nucleus OF the new combination
ID the combination IF the Wells Fargo,
the Pacific. United States and Ameri-
car
These in turn are TO absorb all the
other companies of Importance, notably
the Denver and Rio Grande Express,
eotsthat the entire marcel transportation
business of the country will be domin-
ated by Messes. Hartman. Platt and
Gould hnd their associates.
The sefious break between George J.
Gould ana Edward IT. Hartman over
the contest for control of the Colorado
Fuel and Jron Co. which resulted In
q Nseries OF sensational d~enunclatory
publicntions. has heen Quickly healed.
Thew are now working amicably to-
Eethes again in the combination OF
TIM Wells-Fargo and Pacific Express
comnanies. which Wall street %inanciers
haRa reason m know Is but the fore
runner of the big express trust which
shall include all the important compan
les OF the United States.
Details Worked Out Slowly.
Slowly the details of the new Trus'
have been working to completion. ant
the announced combination OF tn,
Weils-Fargo and Pacific Company 10
all the, Western business Is soon TO b,
followed by more important announce.
ments In the East.
Official confirmation by Mr.. Hartman
and Mi. Gould Is not yet ready. 1t ism
needed to prove that the new Trust II
ready to enter the field.
The Southern Pacific holds probabl,
a majority OF Wells. Fargo & CO.,
stock. Mr.. Hartman is a director ant
chairman of the Executive Committee
He would have been selected presiden,
recently. but the plans for the TrusI
would not admit of 1t.
George Gould. the Union Pacific and
( MI. Hartman own the Pacific EXPIRES,
campany.
In conjunction with United States
Senator Thomas C. Plat, Messrs. Gould
aud Hartman have been working for a
year TO bring the plan for a combination
OF, Welis-Farso, United States, PACING
and American Express Companies TO a
successful working basis.
* involved the creation OF a basis oil
exchange fprSthe $40. OOO,O 0 of stock oil
! the United States Company, the 5000.
900 Of Wells Fargo. the $3.50 900 OF the
American and the $40, Oe0,0o 700 Of the Pa
v.hc Express Company.
That the basis mas finally been reached
L. demonstrated by publication OF the
y vnarmony of interest compact between
Mr.. Harriman's company and Mr.
Gould's company, whereby each Is ia
give the other preference for through
business.
Territory to- BE Included.
The Wells-Fargo Company controls
the business of the Southern FAscihc.
Santa Fe, Erie, all roads In. MeAi?e.
many in Utah, Colorado, Texas. Louis
lana and Southern and Western States
The Pacific has a monopoly or the Dust
hess OF the Union Pacific. Oregon Short
Line. Oregon Railway. Burlington, Mis-
souri, Pacific. Wabash and Iron Noun
tain, while Senator Platt's company and
the American divide their territory.
Al the office OF MI, Hartman no In
formation could be obtained, except thai
the matter was one entirely with Mr.
Hartman. and he had nothing 10 say
for publication.
The trust was practically ready a year
arc. hut for some reason IL was TEN
porarily held up, At that time the
shares Of the United States Express
Company advanced over so points on
tac Stock Exchange on purchases BY
insiders.