The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-10-25
HARTMAN TO GET
TWIN CITY line
GAINS CONTROL OF
ILLINOIS CENTRAL.
President Fish Agrees to Retire and
George j. Grammar Will Succeed
Him System Will Enter Mime
apohs over Minneapolis & st. Louis,
or by New Line to Be Constructed.

= Hartman has at last secured his
long-sought entry into the twin cities.
At times it has been suggested that he
would arrive, over the Des Moines, Iowa
Falls G. Northern, or by the Des
Moines & Northern Iowa to be eX-
tended here. For the present it is to
be over the Illinois Central ISL. 49,.
Stuyvesant Fish, president Of the
illinois Central for twenty years, will
retire voluntarily when the board of
directors meets in New York. Captain
Central west Of Buffalo will succeed
him.
Fight a stand-off. =
In the evolution Of things the last
few days, it came about that neither
Fish nor Hartman could be consld-
| cred winners in the contest which has
| been going on for control Of the Hi
nois Central Whichever side made the
first touchdown would Immediately
have another battle on it's hands.
Financial interests feared that the
trouble would spread SO as to involve
the entire financial fabric Of the coun-
| try A deal was arranged, which prac-
ticcally assures Hartman the upper
hand and therefore control of the road.
By its connection with the Minneapolis
& St.. Louis and Iowa Central lines
the Illinois Central already has en-
trance to the northwest and the twin
| cities.
Captain George J. Grammer, MI:
Fish 3 successor. Is said to have secured
contract for ten years at 100000
year.
Bv his selection the earning capacity
of the Illinois Central is assured, the
larger stockholders agree: Captain
Grammer is one of the ablest traffic
officials in the country, and for the tn!
last year the New York Central Off
Gals have been considering the advisa
bility of removing him from Chicago
to New York, and giving him complete
charge Of the New York Central nnes
|, traffic. He is recognized especially as
traffic expert and not an agent OF
} Wall street.
Wall Street Shut Out.
This change was decided upon o.
, which a prominent Chicago banke:
representing $25,O00,000 Of the capita
friendly to Mr.. Fish was one OF tn
conferees. = -.
, Mr.. Fish, it Is said, agreed to retir
from the presidency upon cons1dera
ton of $1O,OOO,000. and assurance tina
I the ROAD SnOulu uOL pass 1llbo INV 49,
troll of speculative interests in Wal
!. street. It was also agreed that MI
Fish's successor was to be selected p
:; stockholders representing equally Nj
. Fish and Mr.. Hartman. -,
The two interests canvassed tn
choice of new president and the >vot
was unanimous for Captain Gramme1
- This action was taken up by the cor
ference in Chicago yesterday, and wa
! approved by the stockholders frlendl
to Mr.. Fish. = ~ 80,
How Hartman Gains. -.
Mr.. Hartman is a gamer by til
transaction. While he does not &c
control of the road for speculation,
d President Fish declared was his pu
:, pose, he places it in the hands Of PEI
/ bic who are not opposed to him, as ne
been Mr.. Fish since the. rupture b
tween tho two over the insurance II
vestigation last spring. 49, g,
It has been evident from the sho
of strength in the annual meeting tn;
:, the Hartman interests would 90 mi
- the meeting Of the board Of directo
- with seven votes to Mr.. F1sh's 81
y which would mean an overthrow t!
D. D. the Fish regime. This would place tt
II Hartman interests in control, but me-
year the fight would be renewed.