, 1905-12-02
HARTMAN PLANNING VAST AD-
DlTloNS TO ONE OF LARGEST
RAILROAD SYSTEMS
ON EARTH.
Said to Have One Hundred Millions
in Unused Preferred Stock for
Building acknowledgements
About Completed and Great Rail-
road Man Now Ready fn" t
Move in Making System Greater.

The Union Pacific Railroad company
has made a cleaning up of its finances
and has 500, 100000 unissued preferred
stock t be used in building new lines,
says the Omaha Bee. This statement
comes from reliable sources and along
with it comes the advice that Mr.. Har-
riman's other large railroad, the South
ern Pacific, has a mortgage for $163,-
600, 900, OF which SIS, 0 0 900 has been
sold and more can be disposed of in a
favorable bond market to be used for
construction. The Southern Pacific al
so has issued 100000, 900 preferred
which would go readily at par to the
stockholders.
This is a part of the financial side
ton fairly launched and which it is be
lieved, before completed, will be the
biggest railroad building undertaking
ever known in this country.
The work of reconstruction which
has been going on on all the Hartman
roads since that great man acquired
control of these lines is about done
The transportation facilities have I'M
dergone a continuous process of inn
provement for five years, which has
brought them up to a maximum of eX-
c~ellence, and this work is about done,
that is for some time to come. So Mr..
Hartman is now ready to proceed with
his scheme of building new lines.
At present 450 miles of new railway
are projected. Not an important line
is included, nor does this include the
line across central oregon. These are
all small cuts. Yev $15,O 900 900 have
been set aside for their construction
and IS, 900, 900 more will be set aside
for the central oregon line. All these
lines, most of which are under survey
or construction, are to be completed by
January l, 1907. But beyond this time
limit this great campaign of railroad
building is to go on. At least three
years of continuous construction, it is
said, will be consumed before the plans
now laid out by Mr.. Hartman are con-
summated. Then, railroad men of au
thority say, this wizard of the west
from the east will, with his Union Pa
cifc as the basis, have acquired do
mination of the railroad situation and
have the end of the string wrapped
around his whip hand.
Branch lines is what Hartman Is go
ing to build. For every n branch of
the Union Pacific now there will. be
two and almost the same policy, it is
understood, will obtain with reference
to the Southern Pacific, Oregon Short
Line and Oregon Railway and Naviga'
ton company. Readers of the Bee al
ready know of some of the projected
lines in Nebraska, but Mr.. Hartman is
looking further than the boundaries
of Nebraska or any other one state OF
! this west. He looks out upon the vast
plains and hills of oregon, Utah, Ne
vada and wyoming, and in the opening
of new territory in these states he
sees untold possibilities for the rail
road and he is going to be the first, ii
possible, to seize these opportunities
Having come as ear as possible to
perfecting the system of his transpor'
tation department and brought his
main lines up to a high standard OF
service, Hartman now turns his atten