The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-09-24
HARTMAN Gets
CONTROL Of ERIE
Road VIII Pass From Hands OF
Morgan 10 Standard Oil
Party.
RIVAL FOR STEEL TRUST
Amalgamation OF Tennessee Coal
and Iron and Republic Now
Under Way.
BY w. G. Nicholas.

BY w. G. Nicholas.
NEW YORK. Scptember % In the
very near future Erie VIII cease To be
a Morgan road. control having passed
from his hands into those o. Mr IarrI-
man and the standard OH party The
move IS not In any manner hostile 70 Mr.
Morgan. and g. made with hts entire
sanction. lie VIII continue 90 exercise
A voice In the financial direction Of the
property and viii b. an important agure
in tne road. as he IS In TIE New York
Central. the New Haven and Reading.
although no longer Recognized as doml-
nant in any OF them. Iie stu remains
supreme IN Southern Railway ana en-
Ciuuau. Hamilton and Dayton. The Rock
Island figures IN no small way in the
new Ere deal and Will be rcprCseuted
fOrcCfuIy IN control. The Rock Island
party has had its eye on Erie for a
long time. and on more than one occa-
sion stood accused Of PLAYING for own
ersh.P. II would appear % ne very Wei
satisfied with the way matters have
shaped themselves. and its interests fu
the Erie field Will not suffer under the
new arrangement
A very strong speculative pool has been
formed IN connection with tho Erie move.
headed by Messrs. Hartman and II. II.
Rogers. and the tip is ogt that tie
stock IS 20 be put above 90. some have
u =. The market has already moved
up several points. and brokers who have
always been used by Messr-. Hartman.
Rogers and the Kuhn-Loeb connection IN
the early stages OF eve-y big mauipula-
ton In that quarter for tae last half
dozen years. have been steadily picking
up stock. Some OF Mr.. Hartman close
political friend. have been put wise 70
what IS going on and advised 10 get
a aboard Several persons ~ consequence
quietly that NJ. Harriman would very
soon assume practice direction oc the
system, and that ne had lu contempla-
ton important changes in the working
force and IN methods. Like many am
other old Eastern line. Erie has been
Handicapped by "A mass 80 dead wood. %
which could not be disiodeei without vi0-
lating sacred traditions and Affiliations.
Mr. Hartmann incoming VIII furnish au
excuse for general ho-s- cleaning and
barnacle scraplng.
During its checkerod carver Erie has
many times held first place on tile Wall
Street stage and has performed many
wonderful stunts old r-niei Drew was
one OF the first 10 realize rs value as
speculative football. "Commodore"
Vanderbilt founder Of The mighty Van
serbilt fortunes. made piaythng of
I4rle for many years and frequently
vreStled with Drew FOR control They
JAY Gould and Jim risk took 80 .n
hand. and what they d.d 70 it was a.
la-ge sufhcienry. Under the GouiI-Fisl1
management gee road Was looted and
ra1lshed and left wrecked Since those
etoi my days Erie has passed t.rr--h
several reorEau cations. each ONE ,har
The latesp leaving the property worse
of than before Finally Mr. Morgan
tried his hand M the job. and for the
last seven years the road has h.sn on
the Uptlrn NJ J-nes j. Hil l-rt his
help. and persuaded Mr. Underwood go
leave Baltimore ANA orIo to take chars.
OF the physical reconstr-c tion 81 the road
Mr.. Underwood has peggel steadily along
at the NOrN and alrealy has almost rec
built IL Il is in better condition than
ever before in its history. and w.u eren-
tualiy take rank with Central and Penn
sylvania- Mr.. liiI said TO the writer
three years ago that Erie would one day
De worth as much. dollar for dollar rs
New York central Although an old
man, Mr.. Illl may live to sec his
prophesy fuiaued- IL VIII not add 20
his pleasure. however. 20 see his ancient
enemy. Hartman. IN the saddle.
II is doubtful. e Mr.. Morgan ever aeures
parafnounJy n another colossal con truce
uon ana !eorsanlzatlon schem- az tie
complicated and involved kind with which
nls name has teen So often Identified IN
l-c past To be sure, Ae had the l.tt lf
Cj.e-'.7 we .-'.oest work ln conn ual
,5 .l' s--e nous under .akin=s at
J-e- 1-e same, and ne IS at last showing
G WI ".4 ieaf or We strenuous life
,1 "4s 4ea .n w a. street. lie has asai
Ionror has 80. $3.50 40 StaIS, and 20
~. ~ ilS" -.',a,.ce tie is domino ring
,,,e-,'so,..' ~ HOY 50 iii.lant Ills -tt-
~ tT- - '--,-,-,S NI~Se II GROWING "ti
oi lN. promotion line, and more and
a. .''," , ,,,..-el . q I've CH3nneis IL ntt-
o ~ ."St '. ..., aho taxes care OF tne
ai'''.-9 on i"'lsdh-s or clients. r1uelrs
steoI rr,,sf ~ ~ ,,,T Ii.-t"n ana a-l.i-f
Ia, estotc fset "'-''..'iss /. atoI OF >4t-
sbsrebolce,s - -. "a ci@'tlnuted ann n-
si50 o.0 os5 ~ '',.''. ,'.Uvis more tAan
yvor.d o-,.,,-S,, o''',' slnsie mouse III the
rocors NJ 49,. 80 ar t.pIo8ches tn.s
his isbore - 60, ST. Fin aHord 10 tighten