Las Vegas daily optic. [volume] (Las Vegas, N.M.) 1880-1908, 1906-08-22

Mon0essut 6xoAsM o. AnAen eAca1aS
The spectacular advance - tiS a
share In Enlon Pacific saask fEaaas
ca the M foFk ssack exehangs-
adding In a few hssass ssaIsass!ssss -
ta~ laaFkss value III the eaaapans'S
eapital-makes h , natter u interest
liz neeall something Of the hast0Hs Ut
The company AMI u The achievements
q. lis presiding seaias-E u. HaTEa-
n
The original talon Pacific company
was created by act NJ congress during
the waF and the credit Ut the Tnsted
States government. to the extent 81
many msisions Ut dollars. MAS extend
81 to aid in building . great railroad
across the deserts" and through the
mountains. The road MAS completed
In 1868 and IL vas the eause Of the
creates; scandal In thu histnry II the
American eongress-the Credit Mohi'
Tier. which smirched the regulations
of many congressman and I'D 10 h
expulsion Of two members.
The road Vas operated with vary
Ing success and many scandals until
tsa3. when Il vent into the hands Of
receivers MI about the time when the
eaarts took possession Of the Aiehf
son railroad, the Northern Pacific and
many others hscause business had
fallen 10 such low ebs that they could
not pas their debts. The road re-
manned In the contrib Of the court I'M
I'll 1897. In that interval Of four years
there was a controversy In congress
and among f~inaneiers over the sub
jeet Of q settlement Of the Pacific
railroads debts 10 the government,
amounting TO about s70.0ea.0o The
financiers seeking tn resume control
OF the Union Pacific road wanted the
debts scaled down. while the extrem'
lists In congress desired TO have the
government take possession Of the
properties and operate them. Final
" a compromise was reached. the gov
ernment's loan 10 the company was
secured and a reorganization was e.
fected In 1897 which put the system
under the control Of the present Union
Pacific company. William A. Harris
of Kansas. then In the United States
senate. was largely responsible for Sc
curing for the government many mil
lions more than would have been oh.
tanned but for the persistent work Of
the Kansas senator and one or two
others.
Rebuilding the System
The new company Immediately set
to work to o branches and dl.
visions which had been separated
from the system and TO reconstruct
the road. Immense sums were spent
in this process ~ rehabilitation. Man!
eminent f~inanciers and railroad meu
believed that too much money was
going into the road and that II would
again be forced into receivers hands
But the era Of prosperity for the
whole country began at about the
time the rehabilitation of the Union
Pacific was started. and the years
which have succeeded have fully jnsti
fled the course Of the men who were
in charge.
F. n. Hartman has been the organ
izing and inspiring genius Of the sys
tenn ever since its reorganization. Ills
plans have been gigantic and the,
have been carried forward with energy
and ucceSs
Having made a first class system
out of the dismembered and long neg
lected system. Hartman began Il
reach out. He bought. for the Unior
Pacific. a controlling interest In thu
great Southern Pacific system. for it'
connections on the Pacific coast
When this purchase was made thu
popular idea was that Hartman woul'
skin the Southern Pacific in the In
terest of the Union Pacific. Instead
of that he has brought both system'
up to a high standard of efficienc,
and profit yielding and now has pu
the Southern Pacific where 1t ha'
never been before-in the list OF div
dend paying companies.
DIR. F. ]. Patchin of Albuquerque, |
in receipt of a letter informing hin
that DR.. S. c. Plummer chief surgeo,
of the Rock Island system. has ap
pointed him a delegate to the con
vention of the American Association
of Railway Surgeons to be held ii
Chicago October IA. DIR. Patchin viii
represent the Rock Island system II
the district of Nelson, Neb., his for
mer home.
e. ]. McNulty, acting division fore
a who was presented with an ele