The San Francisco call., 1904-04-10
HARTMAN WILL
Be HERE SOON
Railway President and a
Party of Financiers Are
to Inspect Western Roads
NOTIFIES LOCAL OFFICE
Company Incorporated to
Build a Railroad From
Placerville to Lake Tahoe

Word was received in this city yes
terday that E. H. Hartman, president
of the syndicate controlling the big
system of railroads, will be in this
city within the next twenty days. In
palatial train Hartman is coming
west, accompanied by a party of New
York financiers, most prominent among
whom will be James Stillman, presi-
dent of the National City Bank OF
New York, the concern through which
John D. Rockefeller and the Standard
Oil Company transact their financial
business; Percival Kuhn of Kuhn.
Loeb & Co., which has been financier-
ing the railroad magnate, and a num-
Der Of others closely identified with
Hartman in his Wall street opera
tions. According to the information
CLEANED at the railroad offices yester-
day, President Hartman has arranged
for thorough inspection Of all the
Hartman syndicate holdings in the
West. and in view of his coming prep
arations will soon be made for getting
everything in shape for his careful
scrutiny.
Although the local officials are not
inclined to discuss the real purposes of
Harriman's visit, it is generally sus-
pected that he is preparing to float
another big mortgage, which will wipe
out of existence many of the mort
cages covering the smaller roads.
which have proved most burdensome
to him in his big financial maneuvers
because of the heavy rate of interest
they are demanding. BY the time the
president of the Southern Pacific Com
pany reaches here the new
general managers Of the different
roads will have acquainted themselves
with the local conditions of their new
territories and will accompany their
chief and mis- millionaire friends over
the systems for the purpose of explain
ing matters that they may become in
rerested in during their trip.
The Placerville and Lake Tahoe
Railway Company was incorporated for
81, ,000, 900 yesterday. The directors are
John Lloyd, ]. Dalzell Brown. James
II. Swift, d. H. McEwen, S. ]. Ras-
sette, James Sallee and w. ]. Bartnett-
Each of the directors, with the ex-
ception of Rassette, has subscribed for
$1,000 worth of stock. Rassette is the
owner of $4,000 worth, making a total
of $4,000 subscribed. According to the
articles of Incorporation the company
is organized to build a road about
sixty-five miles in length from the
town of Placerville, Ell Dorado County,
in a northerly and northeasterly di-
rection to Pine Grande, in the same
county, thence in a general easterly
and northeasterly direction to a point
on Lake Tahoe, at or near Tallac.
According to the latest figures in
the hands of the local officials of the
Santa Fe road, the westbOund traffic
over the lines of that company for
March shows an enormous increase
over the same period of last year. Dur
ing the thirty days of last month the
Santa Fe brought to California 6399
passengers, as against 1888 for March.
1903. These figures include first and
second class passengers. and are re-
garded as a splendid argument against
the predictions made late last year
that westbound traffic this year, IN
view of the ST. Louis exposition and
other attractions in the East and Mid
die West, would be much less than the
previous year.
Manager James Agler, Master of
Transportation G. T. Richardson and
Superintendent of Motive Power H. J.
Small of the Southern Pacific Company
have departed for FL Paso, where they
expect to meet Charles Markham, the
new general manager of the western
system of the company, and accom-
pany him on an inspection tour over
his new territory.
-<-