Los Angeles herald., 1907-10-18

LIQUID, SA Us
HARTMAN
Continued from page one,

Continued from rage One.l
avoid misconstructions that L deplore
these constant Investigations, and be-
lieve that it is the newspapers of the
country which can best create a healthy
condition of public opinion"
An illustration of the mutual confidence
entertained by the warning factions was
shown last night when both the Harri-
man and Fish proxies were placed In
one of the vaults in the Illinois Central
offices. Both sides promptly placed
watchmen outside the vault.
Probably the most interesting incident
of yesterdays meeting of the Illinois
Central directors was tilt between
Charles A. Peabody president of the
Mutual Life Insurance company, and
Stuyvesant Fish. Mr.. Peabody Is re-
garded as one of the most dignif1ed men
in New York "A dispute arose. as to
certain actions at a previous meeting.
Mr.. Fish made a statement of his po-
sition in the matter and Mr.. Peabody
declared Mr.. Fish had not voted the
way he was then voting upon the sub
ject One word led to another and Mr..
Peabody all but passed the lie to Mr..
Fish He stated that what Mr.. Fish
said was far from the truth.
Mr.. Fish arose and said to his opponent:
''Mr. Peabody, you cannot talk to me
like that, nor is there a man living with
the truth"
In his excitement MIR. Fish had moved
toward Peabdy, but made no further hos
tile demonstration. Turning to the di-
rectors he declared that it was their evil
dent intention to delay matters beyond
reasonable limit and that as he had
more urgent business he would leave for
his home. AS Mr.. Fish was passing from
the room Peabody arose and called to
hi ifa t,,ct cto m
say that he was sorry for what he had
said and that undoubtedly in the heat of
the argument he had overstepped the
bounds of gentlemanly conduct.
go TO Blazes"
Mr.. Fish was striding toward the door
with his face aflame and he did not hear
Mr.. Peabody. Some member of the board
who was near him said:
Mr.. Fish, Mr.. Peabody is apologizing.
He is sorry for what he said.'
Mr.. Fish did not check the speed of his
exit, but shouted:
"I have not the slightest interest in
what Mr.. Peabody is or is not sorry for,
and he can go to blazes. Good day, gen.,
tlemen."
When this crisp sentence fell upon Mr..
Peabody's ear that gentleman collapsed
in his chair and almost lost the superb
dignity which so admirably fits him.
"Oh. N.Y." he gasped. Gentlemen,
assure you that regret it." Mr.. Harri-
man. who had been watching the pro-
ceedngs with interest and some amuse-
ment, said "Oh, never mind him, Mr..
Peabody. Let him go and we can get
down to business"
Money is like LIQUID. The moment
you place an obstruction in front of 1t
it causes a diminution of the flow"
This is one of the new financial aphor-
isms to which Edward H Hartman, who
came to Chicago to battle with Stuyves-
ant Fish. gave utterance when asked to
exploit his ideas upon the future OF the
country.
IAN obstruction" said the Napoleon of
the railway world, has been placed in
front of the liquid stream of money and
1t has already caused a serious check in
its flow. This obstruction is the appre-
hension which has run like a prairie fire
through the land and has permeated the
minds of the people. This apprehension
has been caused partly, If not entirely,
by the agitation against corporations in
general and railroads in particular, and
it viii last until the people awaken to
the fact that we must have saner COM
prehension upon these important sub
jects.'
"Lane Unfair"
z. H. Hartman, after reading the
statement made by Interstate Commerce
Commissioner Lane to the effect that the
western railroads are still paying re-
bates, said:
THAT statement is an, exceedingly un-
fair one, and l am surprised that Mr..
Lane should make it, If he did make 1t.
| know that in all railway systems and
in all the railways within which / am in
terested, there is no wil,ful paying of re-
bates nor is any willful violation of the
law in vogue. Mr.. Lane knows better
than anyone else that the present laws,
both state or national, governing rail-
roads are in a chaotic condition, both as
to the Interpretation and as to applica-
tion.
"It is exceedingly difficult for a rail-
road manager at this time to keep entire
ly within the law, no matter how ardent
" he may desire to do so. We are all
striving, however, to live up to both the
letter and the spirit of the Hepburn
amendment and If there are violations
under it they have been purely technical
due to the lack Of comprehensiveness of
fhp law