The Cairo bulletin., 1907-11-14
Continue For Seven Hours-judge Housh Unable
to Render Decision Until December 1st
The INDIVIDUAL PROFIT
Made ~ Hartman il stock Tszns-
actions No Concern of Interstate
Commerce Commission, Is
Claimed.


hours and a half OF argument on hoiIl
sides OF the question. Judge Housh.
In the United States cercuit court. an
nornced tonight thar Ne would NIL
be ready to render decision on the
petition nf the Interstate cpmr3ercc
commission to compel E. VII fIarri-
man to answer certain questions pro-
pounded to him last spring III the
course Of tho commissions invusfi IA.
ticn int0 the so-called Hartman Hnes,
until December l. The opposing
counsel were given the privilege of
filing additional briefs during the
next two weeks.
The arguments. which were not
concluded until $50. took wisle
range ana the privileges ana powers
OF the interstate commerce commits
sion were thoroughly gone into. For
Iner Senator John WI, SDocner lWis.
ennsin) appeared for the first tInn
iii the case and argued In defense
the position maintained by Harri nan
that he Is not required TO TIL the
commission what Individual prnfst hn
made In selling the stocks of ether
which the famous 10 per cent Uuinn
Pacific. or to detail the manner In
which the famous 10 er cent Tninn
Facfic dividend was declared ia Aug
list, 1906 and IT'S announcements An.
ferred two days, Hartman has also
declined to say how much stnck of
the Union Pacific, II any. he bought
issst prior To the announcement III
tho dividends. NJ Y tsa'Ts
John q. Milburn was also fpnrd IN
the defense of Hartman and Ii the
opposition to the petition fiicd by the
commission. On behalf Of the govern.
ment, represented BY the Interstate
commerce commission, arguments
were conducted by United Stairs
District Attorney Henry L. Stimsrn
anil Frank p Kellogg, special cornscl
to the commission.
The counsel for Hartman stated
to Judge Hough that the stock pur-
chases of the Union Pacific arnounte
tn s1s2,000 600 In aggregate and were
made on the recommendation cf the
ekecutivel i, committaey ~ &pps9sBa
board of dEectors atiA ratified Avs the 4
stpckboldersa All that HaryispanI bal \
lone, MllburMssleclaresl, had met with N
The. fbflets aIh1tvaf offthe stockhoid-
trs of'the Union Pacific. He further
stated that, allowing for; the Iosses
in the fnecent heavy slump
Of prices.E Union Pacifc had prcfitcd
no less than 32,00Tee0 by its stock
purchases. Alilburn ssaid this fact i.
should silence ths cam OF the com
that sthe stock purchases
impair the effectiveness rf y
engaged in interstate busi-
ness. ~
Kellogg replyinSeio this statement
said the so5called m&gket value OF tire
stocks sold by the Union Pacific wss
nothing more or less than Wan
street. operation, probably fixed BY the
very pool OF men whossst IS claimed
we're behind the stock deals. As to
re impairment sx the usefulness ef
kellogg assorted the roads
lf inflated vahes Vere todsF unable
70 boror9 money to tnIld carsneeslel
by them TO carry out their obligations
10 the public -.
"The same thing is trne OF roads
without inflated vaiues& rctortci
-
sspoouer declared the stack deals 4
between Hartman l.and the. Union
Pacific were matters Of concern only
between the indjvidssg and the'strck- !.
holders and had nothing TO Do with
The. interstate commerce. conimissien
Kellogg declared the commission has
4 right to inquire. into the uses to
s. hich- moneys Of a'rsIirDa.i were ptifs
4 vas necessary INQUIRY he msi,- .
isjBed. in the ixig and adjusting Ct
rates to be charged hs eemmsn ca
Fiers.
'JddEe housh .snterrupted the sttpr.
neys on 10th sides wFth n,shy pcistasr
hingshuestions. he sai9 a'ne ag
.ther 1sngs. that he Slid DOC : xart;s' =
.ee What the deferred a1Refhcensut
4 Unson Pacific dfvfdesfss bsiste 10
With Interstate, traffic He also aSsed
( after all. the eommissicn was aniy
ieeking BY tbe.rnaaswere.f suesFts !.
8 prove from whom Hartman the
Individual purchased the stoeks sub
ieuusntlf sold TO the c0aipsay n
rhick heliz nresident and vhst prafs-
Ie individually made BY the traRsac-
ion
kellogg said the commission sought
o get al the bona fdes Of the stock
eals. IN general. he declared. the
cmhissiep was making inquiry