The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1904-11-01
RAILROAD NEWS.
Hartman Holds % Millions of
Santa Fe Stock.
Statement Is Made by Director
AncrcW C. JobeS.
NO DOUBLE STOCK.
DOUBLE STOCK.
Says There Is Nothing to Story
of Double Track i'm Kansas.
Gossip and Matters of Interest I'm
Railroad Circles.

The secret of the amount of Santa
Fe stock held by Z. H Hartman of
the Union Pacific is no longer a secret.
Director Andrew c. Jobes, of Wichita,
has given out a statement in which he
says that Hartman owns 81 millions
of Santa Fe stock or but per cent of
the total issue of stock by the Santa
FHe company.
This stock was represented at the re-
cent stockholders meeting in Topeka.
The fact was well known at the time
but it could not be learned the extent
of Harriman's holdings.
THE fact that Hartman has secured
stocks in the Santa Fe has no signifi-
canoe whatever said Mr.. Jobes, for
it is entirely improbable that tQey will
secure enough to control. The Harrf-
man combination has bought $4,000
shares of Santa E>e stock, and while
this represents an investment of $2T,-
100000, it is only per cent of the
company'S stock, and leaves them UNI
able to affect the management of the
company, Hartman probably had no
intention of attempting to control the
Santa Fe, and simply bought this stock
as an investment. You see, the Santa
E'e is a dividend-paying road and pays
millions of dollars to its stockholders
The Southern Pacific, Mr.. Harriman'S
principal road, never declares dividends
and he is going to try a road that
rectors' meeting in New York will dis
close some developments, but they wilt
not be of a sensational character. Some
of the directors may resign in favor of
Hartman, but they will not represent
sufficient stock to control the board
Mr.. Jobes said that nothing of spec
ial interest came up at the meeting
about its Kansas lines and that none
of its transactions We're very signifi-
cant.
about doubling tracks in Kansas,
you may state that there will be no
doubling tracks in this state for some
time continued Mr.. Jobes, for we al
ready have sufficient double track in
this state. 1t is very probable that the
company Will double its tracks near
Chicago for all the eastern and north
ern traffic of the company is handled
over a single track there. We practi-
calIy already have a double track from
Chicago to Joliet through a combina-
ton with the Alton, but it is likely
that the Santa Fe track will be doubled
from Joliet to the Mississippi river
Mr.. Jobes says that the story that
the Santa Fe will soon double it's track
from Florence to Newton is without
foundation, for the company now has
practically double track from KAN
sas City to Ellinwood and Kinsley.
THE track is double from Kansas
City to Holiday and the Ottawa line
to Emporia gives practically double
track From Emporia to Florence we
have a fine double track and there the
Ellinwood line branches off and anoth-
er to the south that relieves the main
line of a great deal of business. Then,
at Newton the southern line leaves,
and at Hutchinson another cutoff runs
to Kinsley so there is practically a
double track from Kansas City to
Kinsley. The southern Kansas and Ok
Iahoma traffic is also greatly lightened
by several branches, and it will be
long time before double track will be
needed in Kansas"