Daily press. [volume] (Newport News, Va.) 1896-current, 1907-01-05
Some Highly Interesting Facts are
Brought Out al the Interstate
Commerce Investigation.
POWER IN TRANSPORTATION WORLD.
Not Only Controls Many Western
, Roads Blu. Has Large Interests
In Eastern Lines as wcll-Aiso
Directs the Interests of Number
of Ocean Steamship Companies.
(By Associated preaa.a

(By Associated Press.)
NEW YORK. Jan. 4.-Modern
methods of combining and consoli-
dating mammouth railway systems
and extending the principle OF com.
munity OF interest were delved into
today at the great length by the
Interstate Commerce Commission.
which began today an investigation
into the socalled Hartman lines.
From here the Commission goes
next week to Chicago. The object
OF the Commission is to determine
whether the Hartman lines or any
OF the railroads of the country are
consolidated or combined in re-
straint OF trade
At today's hearing It was brought
out and admitted that the Union
Pacific company, tho southern Pm.
ciffc company, the Oregon Short
Line and the Oregon Railroad and
Navigation company are practically
under the same administration, Mr.
Hartman appearing as President OF
each company, with only slight var
intions In the lists of other Off
GERS.
Owns Many Steamship Lines.
It was further shown that the
Southern Pacific company owns tho
Pacific Mail Steamship company,
that the Southern Pacific company
and THAT Hartman interest 5 IN 10. In
control Of the Portland and Asiatic
steamship company. All three OF
these lines run steamers. between
either San Francisco or Portland
and the Orient.
1t was said the Occidental is In
liquidation but 1t still operates two
steamers.
On the Atlantic Ocean IT was
shown that the Southern Pacific
owns the line of steamers running
between New York and New Or.
leans. formerly known as the Nor.
gan lines. The Union Pacific by
means of an agreement signed bv
Mr., Hartman and Senator William
a, Clarke, has traffic arrangcmc
with the San Pedro, Los Angeles
and Salt Lake railway extending over
period of 80 years. The San
Pedro cannot raise or lower It's fares
without the consent of the Southern
Pacific company, which, 1t was
stated, does not own one dollar of
stock in the San Pedro company.
They are All Mixed Up Together.
The Union Pacific exercises Joint
control with the Chicago, Rock Is.
land and Pacific railway over the
Chicago and Alton railroad. The
arrangement is that the Union Pacific
shall have charge OF the road one
year and the Rock Island the nexl.
The Union Pacific owns $28,123, 100
worth of stock or 1858 per cent
OF the capitalization of the Illinois
Central railroad. The Union Pacific
| also has S50,S32,3 300 worth of stock
of the ST. Joseph and Grand Island
| railroad which is 37.37 per cent OF
the whole. The Oregon Sort line
owns s39,540,60O worth of stock in
the Baltimore and Ohio railroad
company. this being 1882 per cent
| of the whole.
| OF Chicago &c ST. Paul stock the
Oregon Short line owns $1,000, OGO
worth, or 3.42 per cent. The com
pany also owns $2.572,000 or u.5S
per cent of the stock OF the Chicago
and Northwestern, sf0.700,00O of the
Topeka and Santa Fe being 4.28
per cent, and s14,285,745, or 7.97
per cent of the capital stock of
the New York Central and Hudson
/ River railroad or these holdings
by the Hartman company. the
stocks of the Illinois Central, Bal
timore and Ohio, New York Central
Chicago and Northwestern, Chicago
Milwaukee and st. Paul, Atchison,
! Topeka and Santa Fe, and st. Jos
eph and Grand Island aggregating
in value $1OS,2O3,745, have all been
bought since July 1906.
Where did the money come
FROM asked members of the Com
mission.
In reply 1T was stated that the
Union Pacific showed last July a
surplus of $5,100,00G; the Oregon
Short line declared dividend OF
80 per cent on its stock held by
the Union Pacific and also contri.
| buted out of its assets to the pur
\ chase money.
| Hartman the Whole Thing.
After placing in evidence all, that
| was available as to the ownership
of the socalled Hartman lines
counsel for the Interstate Commerce
Commission then had Alexander
Miller, Secretary of the Hartman
company, read from the minutes OF