The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1906-03-08
DOMINATES sAIT LAKE LINE.
Senator Clark Will Have Control of
Road for Years

Salt Lake City. March S.-Many rumors
have been circulated recently to the eff
feet that the Hartman interests actually
control the new San Pedro, Los Angeles &
Salt Lake road, which was constructed
by United States Senator ". A Clark OF
Montana. Tt is ascertained, however,
from unquestionably, authentic sources.
tllaI WhlIe the Hartman interests hold
about half the securities. Senator Clark
ana MS associates control the system and
Will control it for at least ten years.
All the stock which has been issued has
been pooled by both the Clark and the
Hartman interests, with the farmers
Loan and Trust company of New York
me pool IS to last for ten years and its
between the two interests.
one Of these agreements is that the
Salt Lake route shall not be obliged to
assign more than one-half Of its transfer
traffic to the Hartman lines. Another of
these agreements is that the management
or the Salt Lake route shall be exercised
by Senator Clark for at least ten years.
But, as Senator Clarx's interest in the
system is keen, it is not improbable that
ne Will continue to manage it as long as
he lives.
Hartman became a partner of Clark
through the strenuous rivalry which was
displayed while the Salt Lake route was
building. Harriman's men, who were lay
ing out q route for the Oregon Short Line.
openly and bitterly fought Clark's men,
who were working on the right Of way of
the Salt Lake route. The contest almost
forced physical combat. Both roads had
great alarm prevailed. Clark applied to
the court and gained a legal victory over
Hartman.
Subsequently a compromise was effect
ed. Hartman put about $40 miles of the
Oregon Short Line and half of the termi-
nal system Of the city in the Clark road.
and became materially interested in the
Clark project to the amount of s. 600, 900.
From that time on the Clark and the
Hartman interests continued to invest
equally in the Clark road. The result was
the pool with the Farmers Loan and
Trust company Of New York, and the set
OF agreements.
Senator Clark was strengthened greatly
by the backing which he received from
the St. Louis capitalist, r. c. K erens, who
was connected with the enterprise from
its incipiency. and who was in a sense,
the originator of the project Mr.. Ker-
ems holdings in the Salt Lake route are
said to be about SO, 900
Word has been received here that Mr..
Kerens intends to come west within
week to make a trip over the road. His
tour viii cover several weeks. He VIII
travel from the beginning to the end OF
the line to inspect the property thorough
ly. He desires. It is said. to get into camp
at Las Vegas. New. for several days or
week and enjoy an outing;
Construction is proceeding rapidly on
Senator Clark and his associates are build
ing from Las Vegas and Good Springs to
Tonopah. Fifty miles OF the road are cem-
pieted as far as Indian Camp, New. This
road will be 125 miles long and will cost
81 900, 900. The Hartman interests are not
connected with the project. Senator Clark
built the Salt Lake route without selling
same plan IN building the Las Vegas &
TonOnah