The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1907-08-26
IGNORED HARTMAN
IN ROADS TRANSFER
Sale of the Alton Is ConSid-
cred a Blow at the
Railroad Wizard.
BY MOORES AND D. G. REID.
SESSION OF THE ENEMIES OF
HARTMAN, WHO HAVE STRONG
MBlNATiON.

Speaking of the transfer of the Chi
cago & Alton to the Monon by Daniel
G.. Reid and his associates, a New York
dispatch says:
Control of the Chicago and Alton,
which the Rock Island party wrested
from E. H. Hartman and his associ-
ateS last June after a contest which be-
gan three years ago, has to all intents
and purposes been transferred to the
Toledo. St Louis and Western. The
stock which will change hands on the
formal ratification of the contract is
the majority interest owned by the
Rock Island company.
Neither Mr. Hartman nor any of his
associates were consulted in regard to
the transaction. and the formal an
nouncement of it was as much of a SUR
prise to them as to any one else in the
financial district.
What Mr. Hartman will do with the
Union Pacific's minority interest SEEM
ed to interest no representatives of
either the buying or selling company.
Harriman's Enemies in Control.
Louis and Western. better known as
the Glover Leaf. are as hostile to Mr.
Hartman as any of the Rock Island
party have shown themselves. Ed
win Hawley, one of the most promi-
nent of them fell out with Mr.. Harri
man when the Rock Island party show
ed its hand in the Alton in 1904. Mr..
Hawley has since resigned from the
Union Pacific board
Associated with Mr.. Hawley in the
Glover Leaf are Gen. Thomas H. Hub
bard a former Southern Pacific direc-
tor, who is suing that Hartman line to
compel payment of interest on a bond
issue; H. K Huntington. interested as
plaintiff in the same. suit: James n.
Wallace. president of the Central Trust
company: Charles A. Tweed. until late
ly a member of Speyer & Co.; William
A. Read, of the banking house of w. A.
Read & Co. and Theodore P. Shonts,
president of the Interborough-M Metro
politan. Mr.. Shonts is president of the
Glover Leaf. but has not been in charge
of operations since he took charge OF
the Interborough.
troll the Minneapolis and ST. Louis.
which owns a majority of the stock of
the Iowa Central. On the ratification
of the Alton transaction they will be
in control of a system with a mileage
of 1855, traversing one of the best
traffic sections in the country.
The deal thus brings about one of the
most important changes of the rail-
road map that have been made for
many months. Eventually the four
roads will be merged into one compact
system.
Transfer Long Contemplated.
The Alton was operated alternately
by the Hartman interests and those
Of the Rock Island until last June, |
when the full control was transferred
to the Rock Island. 1t was under
stood at the time that the Moores and
Reid would transfer the road as soon
as possible. as it competed with the |
Rock Island at all important points |
between Chicago and the Missouri
river. and under the antitrust law
could not continue in the control of the |
Rock Island.
A forced sale of the road under the |
aw would have caused a great loss. |
md it was understood the government /
would not interpose any objections to
he Rock Island management for a |
ew years at least.