New-York tribune., 1907-05-16
RCMOR SH1KES STREET.
Nobody Could Trace IT'S Origin, and
Prices Fell.

nat was said TO be comprehensive summary
Of the report submitted TO the Interstate Com,
merce Commission by its counsel IN tbe racar+
Ch-on Pacific investigation Frank p Kepopg and
! a. severance was published under Washing
ION cate line N an afternoon paper YESTERDAY The
E--l % tie aileeed report or how II was obtained
mas not developed. It's characterization of the
-0---o~S employed in extending the Influence of
'He In'on Pacific system was severe and frs recop,
-.-a'-"Ils Tor correction Of present conditions
sweeping. It's conclusion was that In an area
- - . one-third Of the total territory of the
9.ales railroad competition has been abso-
--s report or brief of counsel purported 10 ont
s., oiS OF the acquisition of control Of the
- 71iHc by the Union Pacific and said
ga li-e joint control Of the two roads IN, g s,,I
interest was in violation Of the sbern,a, Io IT,
Se-'' coercion Of Senator W A Clark in coneA
P~5-te OF which he consented TO make a co,trao.
- - ''e hartman system secured one half
- t-- STOCK OF the Salt Lake & San Pedro roa5
a-1 absolute control in all traffic r,at+ar. -
i-~s'' as was the 'harmonizne' OF. the Atohtso,
-9l7A1 Z santa Fe Attention was directed 70 ~
-'-o' O me Northwestern Pacific road which
''9A SEer several small lines north y, g., F.,
CISCO AID the joint ownership Of which il No. 80
---=e- should be held By the Southern Paci0c ma
- -A'-i-soh' exercising control alternately for a
yesr al time -'i +"
-ls plan Was declared to be a violation % tho
1---fast law. and the alleged report made b,,
.--Sei recommended thar the Attorney General of
1ie United StaAes bring proceedings to end tbs
arrangement '-'
-qlea space was devoted to the Alton deal" and
- '--s lor which the Union Pacific manage
heHt has been criticised
I-e appearance OF the rer,,-+ ~ 81, , E..
'-s interstate Commerce Commission which was
81 sl believed TO be the report Of the commission
= ~as followed around noon by heavy selling
" Union Pacific, which broke more than four
points 10 1928. against 1s7ls earlier IN the da rb
general market declined in sympathy material
oae' Dehg suffered by nearly all Of the active
es ~ The late trading q sharp rally occurred
mn racine closing at l44iz, net loss for the
nay u only Is points. and the other issues recov
tIls most Of their losses
~ hartman said that he had not read the re-
poil q jhe commissions lawyers and did not want
= -1HS any comment on il. For several weeks
= mas been commonly expected that proceedings
'-- "e brought as an outcome Of the investiga-
"o- conducted by the Interstate Commerce Com
I.'sslo" to determine whether or not the present
mon Pacific system should be dissolved It has
AIeHaed down declaring the control of the Southern
Psc,g go o'lef constituent roads by the Union
..as-Ic To- De Illegal the latter company would
ts.sISI-r 70 banking company TO he formed In lis
1e57 17t us stock holdings in the other roads re-
.Leaks" q official documents ana Of court de
Ti TS5i.@ EaFlng bearing the stock ana com
Ia.llly markets Of occasional occurrence Ad-
van information Of moves by the Treasury De-
1.9ls channels into Wall Street. Very seldom how
4'tlsh neen brought to light
f. ieds nave been several leaks, or alleged leaks
& - well known members Of the Cotton Fxchange |
sl4 t4di advance Information on the goVerpuent'
ION F-'oil had been offered 10 them but John
- a. thrh slatisfician Of the department declared
S'at 40 matter hDH close this alleged
iotihaIlon was 70 his estimate IL was absofIteIy
an losklD.e mat there could be any leak
<4Sal- lA 1915 members OF the exchange made dis
uhcl charges against the Department of AprIc1if
1ie 10 connection with rgmors which had baen !
CscotateG mat some unknown person had received
advance information Of the governments reDor,
seEtIsi OF the members, among them a former |
SSal4eit oI me exchange, said the time that |
-. ,st'ts i-IiAiS convinced that the bureaus re-
g. .1aa ieaksd OUT, and that II was bevond oles-
S.oh llat the report known 10 certain 49,, a.
e" orleans several days before il was jeei,ad ti
d. H. soEefnlneat. T. s. Holmes jr who was ACT |
- .st oi Lle bureau at that time character5ze1
,slnents OF the members Of The eycbarga
+ba tlolseAAe and made q long explana ~ |
,sh,cb - - a method Of computing the Tenort !
+ 500 ee-o mace leak an impossibiIitv - /
by RicSarS eL, a. the result Of charges brought
Cotfor N-ssttlarl, secretary of the SChern
iatttrs Association F.5V-in ~
b. secre,ss sII.e2sn Of the bureau was GisrnieSJ
sIver = .ssoG or the ground IT,, Lod
port 10 4 r !-S nation OF the goverry,eyt,s ra
Cotton F1ebarreA an fper broker on The Wc,1 Wi,
ton by the Saesrrrs.t PAT an Riper In his exsr1ios
rad becoros Sts.afy Of Agrtcllff,rs 80
ID acquainted With NJ sad mat ne
41fc-oe te latter had Pir1iaLaSa II aug usi.
F,ghr@-fcy i @ tltle 70 time IN sd,ye a.t'iL WIN
49, ~ si.s oIlcia figures snS ce or lhe
" W. eIolaeq exactly With The aesi snat ms hg-
acted es -. 4!so said that NJ 81 report
- d sO-petween IN his deali- 81, f1aas had
= Leadlng operator IN the New Yorgs With Holmes.
a-So accused OF being a party t'n market
cnerated. s ---t was completely ex- |