The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1906-11-20
TOPEKA IN LINE.


Portland and Puget Sound to New
York.
Mr. Hartman was born in New Jer-
sey in 1S47. the son of clergyman H.
He was still in his teens when he en-
tered Wall street and began to learn
the brokerage business Becoming IA
miliar with the intricacies Of finance
and having extraordinary aDliEty III
that direction, he became naturally d
private banker He had made &C
Quaintances among such men as w n.
Vanderbilt and Nicholas Fish. Thelr
support made his venture successful
and their influence led him to become
identified with various small roads
Mr.. Harriman's western trlumphs
were brought about through his &C
Quatntance with Mr.. Stuyvesant FISH d
member of the New York stock eX-
change. and an officer Of the Illinois
Central When, in May, 1891, MI
Fish was made president of this road
Mr. Hartman entered the board OF Oh
rectOrs and became also vice president
with office and residence in Chicago,
serving until 1890.
The remarkable development of the
Illinois Central by means of leases ana
extensions of lines. which resulted IN
greatly Increased earnings on larger
capitalization, was directed by ME-
Fish and Mr. Hartman So, also, was
the memorable struggle with the
Louisville & Nashville for the control
of the Yazoo & Mississippi Valley from
Memphis to New Orleans. which road,
in 1892, became the property OF the
Illinois Central. AS chairman OF the
finance committee of the Illinois Cen
trail, Mr. Hartman also had mana III
the strategic move which III 1888 en-
abled the Illinois Central to get into
Louisville, a traffic center Of the LOUIS
vile & Nashville and later into Omaha
and to make various other NaluaDle
traffic producing extensions During
this period Mr.. Hartman was chosen
director of the Union Pacific. In 1879
Mr. Hartman attracted attention by
inducing Mr.. Schiff who represented
the Union Pacific. Mr. Gould, who con-
trOiled the Missouri Pacific. Mr.. Rookie
Teller. who controlled the Missouri,
Kansas q Texas, and Mr.. Fish of the
Illinois Central, to purchase the chi
cago & Alton under a community of
interest arrangement. The bonds of
this road were refunded on favorable
basis and new bonds were sold, from
the proceeds of which the property
was reha bilitated. Mr. Hartman was
then made chairman Of the executive
committee of the Union Pacific. which
was burdened with a government
mortgage. Upon foreclosure Of this
mortgage the property was acquired,
through his genius by a syndicate
composed of Mr. Gould. Mr.. Rookie /
feller. Kuhn, Loeb & Company and
Mr.. Hartman. Then followed a per-
Tod of reconstruction, acquisition of
new lines and a resultant growth of
earnings similar to that which had |
been experienced by the Illinois Cen
tral. The attempt made by Mr.. /
Hartman to secure control of the Cen (
tral Pacific and the Southern Pacific I
was not successful during the life of I
Mr. Coils P. Huntington, who con- |
trolled those properties; but upon the I
death of the latter controlling inter
est was secured. With the Southern T
Pacific Mr. Hartman acquired I
steamship line between New Orleans I
and New York and later bought a con- 4
trolling interest in a line from san /
Francisco to the Orient The financial (
struggle for q share in the deal by 4
which Mr. Mcrga-l and Mr.. Hill 4
planned to control the Chicago, Bur I
lington & Quincy; and the legal strug- /
gle with Mr.. H5lI for control of the 4
stock when the supreme court de-
cided that the merger was illegal are
too recent to need recalling. Mr.. Har-
riman did not secure the control that
he desired, but was made a director
OF the Northern Pacific and the Chi
cage, Burlington & Quincy. Also of
recent occurrence was the deal by
which he secured half-interest in the
San Pedro. Los Angeles & Salt Lake, a
threatened rival outlet from Salt Lake
t. the coast
Mr.. Hartman IS now chairman of
the board CT directors of the Oregon /
Railroad & Navigation COMPANY and
Portland & Asiatic Steamship COM
pany. he is president and chairman of .
the board OF directors of the Union
Pacific. president and director of the I
Oregon short Line. Southern Pacific
and allied lines and steamship COM
panies. and director of the Illinois Cen
trail, Chicago & Alton, Chicago, Bur
lington & Quincy. Northern Pacific.
Erie. Western Union TELEGRAPH and
many other companies
His interests as a stockholder in the
Santa F'e ana various other railroad
companies give him a voice in many
additional railroad councils
Hartman in Santa Fc.
The recent passing of control of the
Illinois Central. the B. & 0. and other
lines to Edward II. Hartman will
make the system grouped under his
name the greatest in the country In
addition. Hartman has extensive in
terests in many other roads. including
the Santa Fe and the Northern Pacific I
The Alton is generally credited to the
group, although the Moore +
interests in that road are large. and
control may be said TO rest jointly be-
eWeen the two financial powers
Hartman System 1881 Miles.
The Hartman system will extend
from the lakes to the gulf and win
have two lines from the Atlantic to I
the Pacific ocean 1t Will enter almost
every important center of population
and industry in the United States in
Guiding New York san Francisco L
Chicago New Orleans St Louis Raj
timOre. Washington, Portland Seattle
and Los Angeles.
1t will be a factor i'm the coal fields
Of Pennsylvania and the fruit traffic Of
California in the suburban traffic Of
New Jersey, and the lumber and grain
traffic Of Washington and the Dakotas
In the development of water transpor-
tation On the lakes. on the gulf. and
on the Panama canal.
Distribution of Mileage.
The lines now controlled bv Barrf-
man. allowing him the Illinois Central
have been acquired for the most part
The triunnhan+ reo,,l+o g..