The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1906-09-29
HARRIMAN'S LATEST COUP.
Line from Ocean to Ocean Owned by
the Hartman Interests-Greatest
Railroad Magnate of the Times.

A special to the Deseret News of
Salt Lake from Washington, D. c.,
dated September 26, says:
Railroad circles east have been
greatly stirred up for the past week
over the purchase of a large block
of B. & o. stock held by the Pen
sylvania Railroad company by the
Hartman interests. The contirma-
ton of the rumor also that Mr. Harri-
man had bought the Pennsylvania
holdings in the Reading shows to the
railroad world that f. H. Hartman
is one of the commanding figures in
the business life of to-day and a
worthy successor to that remarkable
financial genius, Jay Gould.
1t has been the dream Of Edward
Hartman ever since he became a
factor in the Union Pacific manage
ment to own and operate a line of
railroad reaching from ocean to
ocean. After his purchase of the
Union Pacific he gradually absorbed
the Central and Southern Pacific, the
Oregon Railway and Navigation COM
pany, and the Oregon Short Line.
With close traffic arrangements with
the Chicago and Northwestern Har-
riman became power in the west.
Not satisfied, however, with operat-
ing nearly 5000 miles of railroad
in the west and northwest, Mr.. Har-
riman has been intensely ambitionu
to reach the Atlantic ocean and
through the purchase of the B. &. o.
and Reading stock ii will be but
little while before a man can leave
San Francisco en- route to New York
without leaving his car at Chicago,
and ride the entire distance on lines
owned and operated by the Harri-
man interests.
The coup which Mr.. Hartman
brough about in advancing the Union
Pacific stock ST share in a single
day illustrates the genius this man
has for large things. The Union
Pacific, 1t must not be forgotten, was
built largely by the people, the direct
debt to the national treasury for aid
extended to the enterprise amounted
with accrued interest to upwards of
so millions of dollars after it's reor-
CARNATIONS and it's emergence from
the receivership. The government,
realizing the potential character of
the Overland" system aided the
building of the line from Council
Bluffs to Ogden by giving it an en-
pire in public lands. 1t has been
selling these lands at prices but 1t
still has left about 100000 acres
with land assets valued at l 0 millions
of dollars. Realizing that the rail
road would be infinitely stronger If
the government debt was wiped out,
a plan of payment was arranged and
the treasurery enriched to the extent
of the upset price agreed upon. Ed
ward Hartman was the directing
force to bring this condition of things
to pass and with bulldog persistency
he has gone ahead until the pool of
which he is the head has rugged the
stock market to the tune of many
millions of dollars while his acquire
ment OF the p. & o. and Reading
holdings makes the Hartman hold
ings among the very richest in the
world. What boots it if the Hep
burn maximum rate bill is on the
statute book when the market can be
manipulated as in the case of the
Union Pacific while the fellows on
TIE inside, take the profits. The
mastery manner in which Edward
Harrimanshas secured an eastern out
let is the largest achievement in rail
way manipulation for a decade.