The Montgomery advertiser., 1907-01-05
HOLDINGS OF HARTMAN Immense Interests of
 Magnate. INQUIRY INTO HIS LINES Interstate Commerce Commissior Begins New York Inquiry. Great Financier Has Bought Up MIL Hons of Dollars In Stock of Rail-
 roads in Every Section in
 Six Months.

of combining and constructing man. moth railway systems and extending the principle of community of interests were delved in today at great length by the Interstate Commerce Ccmmis- sion. which began in this city an in- quiry into the so-cailed Hartman lines"
 From here the Commission goes next week to Chicago Several other cities will be visited before all the testimony that is desired Is in the hands of the representatives of the government whose object is to determine whether any of the railroads of the country are controlled or combined in restraint Of trade. sss@a
 At today's hearing 1t was brought out and admitted that the Union Pa cific Railroad Company, the Southarn Pacific Company. the Oregon Short Line and the Oregon Railroad and Navigation Company are practically under the same administration. Mir. Hartman appearing as President of each company with only slight varia- tions in the lists of other officers.
 It was further shown that the South ern Pacific Company owns the Pacific Mall Steamship Company; that the Southern Pacific Company and Harrt- : man interests are in control of the Portland and Asiatic Steamship Com pany. All three of these lines run steamers between either San Francisco or Portland and the Orient. It was said the Occidental is In liquidatton. but is still operated.
 On the Atlantic Ocean 1t was shown that the Southern Pacific owns the line of steamers running between New York and New Orleans formerly known as the Morgan line.
 The Union Pacific. by means of an agreement, signed by Mir. Hartman and Senator William A. Clark. has traffic arrangement with the San Feo- TO, Los Angeles and Salt Lake Hallway extending over a period of ninety-nine wears. This agreement was entered into in 1903. and by its terms the San Pedro cannot raise or lower its rates
 without the consent of the Southern Pacific Company, which 1t was stated. does not own one dollar of stock In the San Pedro Company.
 The Union Pacific exercises joint con trol with the Chicago, Rock Island and Pacific Railroad over the Chicago ana Alton. The agreement Is that the Union Pacific shall have charge Of the road one year and the Rock Island the next. This agreement, entered into by Mir. Hartman and W. B. Leeds. ex- tends for period of ten years from 1904.
 The Union Pacific owns s2s.f2s,loe worth of stock, or 29.59 per cent. or the capitalization of the Illinois Cen. tral Railroad. The Union Pacific owna $5,OS2. 300 worth of stock of the " Joseph and Grand Island kaiiroaa which is 37.37 per cent. of the whole.
 The Oregon Short Line owns xss. $40. 600 worth of stock in the Baitimors and Ohio Railroad Company, this be ing 1862 per cent, of the whole.
 Of the Chicago. Milwaukee and Se. Paul stock, the Oregon short Ldnt owns S3.6s0.000 worth, or 3.42 per cent The company also owns S2,5T2.009. ci 2.5S per cent. of the stock &f the Chi oago and Northwestern $10,000,O0o oi the preferred stock of the Atchis0n. To. peka and Santa Fe being 4.2S per cent and s14,2S5,745. or 7.s7 per cent. of the capital stock of the New York Central and Hudson River Railroad
 Of these holdings by the Hartman the stocks of the Illinois Central. Baltimore and Ohio, New York Central and Chicago and Northwestern. Chicago, Milwaukee and St. Paul. Att chison Topeka and Santa Fe and St. Joseph and Grand Island. aggregatins in value s1o3.2ss,745 have all been bought since July 1. 1906.
 Where did the money come fromg asked members of the Commission.
 In reply 1t was stated that the Union Pacific showed last July a surplus of $51 .000. 900. The oregon Short Line de- cfared a dividend of 50 per cent. on its stock held by the Union Pacific and also contributed out of the general assets to the purchase money.
 After placing In evidence all that available as to the ownership of che so- o-called Hartman lines," counsel for the Interstate Commerce Commission then had Alexander Miller. secretary of the Hartman company read from the minutes of many executive com mittee meetings of the Union Pacific in which 1t was shown that Mir. liar riman reported various things he had done and the committee simply voted to ratify and confirm his actions. It was also shown that MT. Hartman had authority. Dy reason, to borrow money for the uses of the Union Pa- cIfic Company without restriction as to the amount or terms.