Northern Wisconsin advertiser. [volume] (Wabeno, Wis.) 1898-1925, 1907-01-10

New York, Jan. 5.-Methods of
combining and consolidating the
mammoth railway systems and ex-
tending the principle of community of
interest were delved into yesterday
at great length by the interstate com
merce commission, which began in
this city the inquiry into the so
called Hartman lines. From here
the commission goes next week to
Chicago Several other cities may be
visited before all the testimony de-
sired Is in the hands of the represent
tatives OF the government, whose OBJ
ject is to determine whether any of
the railroads Of the country are con-
solidated or combined in restraint ofs
trade.
At yesterdays hearing it was
brought out and admitted that the
Union Pacific railroad company, the
Southern Pacific company, the Ore
gon Short Line and Oregon Railway
& Navigation company, are practic-
ally under the same administration,
Hartman appearing as president of
each company, with only slight vari-
ations in the lists of the other of
ficers.
1t was further shown that the
Southern Pacific owns the Pacific
Mail Steamship company; that the
Southern Pacific company and the
Union Pacific company together hold
dental Steamship company and
that Hartman interests are
in control of the Portland and
Asiatic Steamship company. All
three lines run steamers between
either San Francisco or Portland and
the orient. It was said that the Occi-
dental Is in liquidation, but it still OPP
crates two steamers. On the Atlantic
ocean it was shown that the Southern
Pacific owns the line of steamers
running between New York and New
Orleans formerly known as the Nor
gan line.
Traffic Agreements.
The Union Pacific, by means of an
agreement signed by Hartman and
Senator William A. Clark, has traf-
fic arrangement with the San Pedro.
Los Angeles and Salt Lake railway
for 80 years This agreement was
entered into In 1908 and by It's terms
the San Pedro cannot raise or lower
its rates without the consent of the
Southern Pacific, which 1t was stated
does not own one dollar of stock in
the San Pedro company
The Union Pacific exercises joint
control with the hock Island over the
Alton railroad The agreement is
that the Union Pacific shall have
charge of the road one year and the
Rock Island the next. This agree.
ment entered into by Hartman and
w. b. Leeds, extends for 10 years
from 1904.
The Union Pacific owns S2S,123.1O0
worth of stock, or 29.59 per cent OF
the capitalization of the Illinois Cen
trail; also s5,0s2,s0o worth of stock of
the st. Joseph and Grand Island rail.
road. which is 37.37 per cent of the
whole.
The Oregon Short Line owns $780,
540.600 worth of Baltimore & Ohio
stock, being 1862 per cent of the
whole.
OF St. Paul stock, the Oregon Short
Line owns sS.69o000 worth or 3.42
per cent. The company also owns
$2,572.O00 or ass per cent OF the
stock of the Northwestern 10000.
900 of the preferred stock of the San
Ia Fe, being 4.2S per cent and s14.-
2s5,745 or 7.s7 per cent of the stock
of the New York Central.
Recently Purchased.
OF these holdings by the Hartman
companies. the stocks of the Illinois
Central. Baltimore & Ohio, New York
Central, Northwestern, st. Paul, San
ia Fe, and St Joseph and Grand
Island, aggregatIng s10s.2ss,745, have
all been bought since July 1, 1906.
where did the money come
from?" asked the commission
In reply II was stated that the
Union Pacific showed last July sur
plus of s5i 200. 900. The Oregon Short
Line declared dividend of so per
cent on its stock held by the Union
Pacific and also contributed out of its
general assets TO the purchase
money.
After placing in evidence all the
testimony available, as TO ownership
OF the so-called Hartman lines"
counsel for the commission had Alex
ander Miller. secretary OF the Harri- |
man company, read from the minutes
of many executive committe meetings
Of the Union Pacific in which II was |
shown that Hartman reported vari- |
Gus things he had done and the COM
mittpe simnlv voted IN rafifv ana CON.