The Red Cloud chief., 1907-03-01
WHY FISH VAS D[POSED
HARTMAN SAYS BECAUSE OF
MISCONDUCT AS TO FUNDS.
FEATURES OF HIS TESTIMONY
Witness Continues to Answer Cues
tions About His Railroad Financial
Operations at Interstate Commerce
Commission inquiry.

Commission inquiry.
New York, Feb. 27.-An assertion by
l.. Ii. Hartman that Stuyvesant Fish
was deposed from the presidency OF
the Illinois Central because Oh miscon
duct as To- the funds OF the company
was a leading feature of the session
OF the interstate commerce commits
sion. Mr.. Hartman was the only wit
ness oil the day and the vents
brought out by his testimony make
the hearing a memorable one.
Other features OF Mr.. Harriman's
testimony follows:
A continued refusal to answer ques-
lions relating to- individual stock
transactions.
Explanations of the transfer Of 300,-
600 shares of Southern Pacific stock
TO William G. Rockefeller during the
attempt of James r.. Keene to secure
control of the road and delayed an
nounced of the dividends in Union and
Southern Pacific.
Attempts by the government 10
show that the Union Pacific charges
unfair rates, stiles competition in the
vast territory %traversed by it's lines,
and that its dividend OF 10 per cent
and its expediture Of s240, 100000 on
betterments came from an unfair toll
on its patrons.
An academic discussion of railway
regulation by high authorities on eth
er side, that ran from a plea for legal
ICED combinations of railroads under
government supervision TO a sugges
ton that the government control rail
way stock issues.
a charge and IN admission that the
misconduct of the railroads created
the popular anger that moves deter
minedly for their regulation.
A charge that no other country In
the world is so hostile to large trans
%portatlon interests.
An assertion that the purchase OF
Southern Pacific by the Union Pacific
had given the southwest ten years adj
vantage in development, that the fail
are of the Union Pacific to secure the
Northern Pacific left the northwest
zen years behind where it would have
been If control had been obtained.
All this ended in a remarkable
scene where the government and the
man stood confronted. The dar's
events gave a vivid and intimate
realization of the problems of swollen
wealth and railway regulation. II
made notable contribution to the finan'
cial h~istory-light and dark-of the
time.
Mr.. Harriman's examination was
conducted by Frank b.. Kellogg of st
Paul. special counsel for the govern
ment.
The witness created laughter wher
ne declared that he had bought Union
Pacific at % in 1898 in expectation o.
the dividend in 1906.
Hartman Shown as Rail Colossus.
Commissioners Lane then began
sketch of the enormous requirement
of the Union Pacific under Hartman
He begun with the issuance of 800,
100000 in bonds and traced its pur
chases out to Portland on the coast
on to the Orient by steamship lines
back to San Francisco, To Ogden, L
New Orleans. to New York by steam
ships, into the Northern Pacific an
out again, into the Alton, the lllinoi
Central. the Santa Fe, the Baltimur
and Ohio and the New York Contra
His face paled and his voice grey
more impressive as he continued tn
wonderful recital.
He faced the witness and, pausin
for a moment, said; where is thu
thing going to stop?'
The master operator smiled an
then, somewhat ~neryously, said:
think it has stopped. | would go on
thought We could realize somethin
more than we have got from those $
curities. | would go IN and buy son
more things"
Lane-Supposing you concentrate
two or three more. You might tai
some other line and go right in
New York?
Harriman-Suppose we had a III
from New York to San Francisco.
suppose that is what YOU meal
would II not be a good thing-not IN
we have any idea of doing 1t, b
would 1t not be a good thing?
Lane-Supposing you got the san
Fe?
Harriman-You would not let us &