The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1906-11-15
AABRImeNIs AmBiTioN.
Now Dominates TEentyl live ThousaItf
Mites 81 Railroads. II

AgAAA AsfSN3At
Dominating 25,OOO miles Of ran lines
which gridiron a huge triangular sec
t4on Of the country, bounded by New
Orleans and Galveston on the south.
Los Angeles, San Franetsco and Port
land on the West; Omaha, Chicago,
and Cleveland on the North, and New
York and Baltimore on the East; with
a series Of marine lines which ply the
waters Of the Atlantic seaboard from
New York to New Orleans, and the Pa
elfc; representing in all nearly ST.
OOO,OOO.OoO Of invested capital with
an earning power rising $3O0,OOO,OOO
per annum-thIs is the Union Pacific
railroad of to-day.
| Not to wreck the Illinois Central nor
the Baltimore and Ohio, not to ex-
plot them for what they will bear,
nor to subserve their best interests 10
the interests of any other part OF his
system, but to weld them firmly into
great harmonious system, which will
lessen costs, eliminate friction, bene.
At traveller and shipper and STOCKHOLM
Ter alike, great Hartman system
stretching from coast TO coast and gulf
to gulf this is the ambition of E, Il
Hartman.
Nine years ago almost to a day the
Union Pacific railroad, which has made
these plans possible, bankrupt and dis
credited, went under the hammer at
Omaha. 1t was purchased by a synli,
cate of New York bankers, the guiding
genius OF which was Mr.. Hartman.
In the correlation of railroad syS'
TENS which Mr.. Hartman is bringing
about, he brings 10 fruition the amOI-
tlons which fired some of the great
railroad geniuses Of a generation ago,
Mr.. Harriman's scheme appears to
be nothing new. The newness Is, bis
efforts have met With success thus
far. Nearly forty years since writer
of worldwide prominence said in the
North American Review: "a very few
years hence we shall see great cor
Iporations spanning the continent from
ocean to ocean-single consolidated
lines not connecting Albany with BHt'
falo or Lake Erie with the Hudson.
but uniting the Atlantic and Pacific.
They will react IN grander scale
the scenes which we're lately witness
ed on the narrow stage of a single
State"
Right in line with this Thomas A.
Scott tried to make the Union Pac!-
&c the Western division of the Penn,
syvania Central; AMI the late Horace
F. Clark secured control and the pres.
idency, and sought 10 make the Union
Pacific the western link Of the Van
derbilt system:
The story Of the Union Pacific I'M
der Hartman rule is the story Of
bankrupted and dlscredited roads
made prosperous, powerful, and wAli
tant. They have In eight short-years
pursued a policy Of growth, which for
holiness, persistency and scope, at
tended with great success, has no par.
al!el in the history Of the financial
world.
Very quietly. and modestly starting
out with the 1,00Omile Of road be-
tween, Council Bluffs and Ogden, in
1898, the Kansas Pacific, running
from Denver t5 kansas City, was TAX
en- over: ~
In the following year the Oregon
Short Line was picked up, giving the
Union Pacific the Portland route 10
the coast. Thus far all was peaceful,
The Union Pacific had regained al
least all its size and nobody had inter
fered.
Since then the sparks have been
struck more than once, The Union Pa
cifc wanted the Central Pacific. Mr.
Huntington was so astounded that he
could only reply with a prolonged
"W.h.a-t!" But Mr. Huntington died
The Union Pacific got $75,00O,0or
Southern Pacific common, and later
secured s15,000,000 more, together with
$lS,OOO,O0O perferred.
In 1901 Mr.. Hartman made his bold
est strike by demanding recognition
in Mr.. Hills merger in the Northwest
Denied It, he proceeded to take 1t. II
the contest which followed, which
wound up with the Northern PacttI
panic of May, 1901, the Union Pacil!i
secured $78,OOO,O0O Northern Pacific
capital stock.
In 1903 one.half interest in th'
San Pedro was secured, thus addlns
another thousand miles to the Harri
man system.