Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1907-07-15
REPORT ON HARTMAN
Result of Interstate Commerce
Commission Inquiry is
Made Public
tHARRlMAN cRlTlclzEs FINDINGS
Attic the Report is voIun,inous 1t Says
But Little-No Recommendations
81 Either for or Against Prosecution Are
Advanced-Report Says Hartman
/; isresarded Spirit Of the Law.

/ u
pisresarded Spirit of the Law.
washington, D. c., July 15.-After
long DELAY and much speculation as to,
dts contents, the report of the interstate
4 commerce commission on the Harri-
man Investigation has been made pub
lie. The report, while it gives com
plete synopsis of the evidence taken
in the inquiry, says but little else
and makes no recommendations either
FOR or against prosecution Of the great
railroad king. The question Is left
open to President Roosevelt and At
torney General Bonaparte to decide.
Immediately upon the publication OF
the commissions findings. Mr.. Harri-
man gave out statement in which II
Is evident that the contents of the re-
port were known to him.
Mr.. Hartman is Sore.
In his statement Mr.. Hartman takes
occasion to criticize the commission
for it's method of giving the report to
The public and declares that it Is full
Of Measurements. He also intimates
that it is given out "for political reas-
ons," and seeks to create the I'M
/. preston that it is a piece Of political
literature. He announces that he Will
study 1t over and will give more
:. -. s,, t,n
According to the report made by
Commissioner Lane and approved by
the Interstate commerce commission,
the railroad magnate. in his dealings,
has been far from the spirit OF the law
OF the nation and the several states,
b but it does not recommend that ne
be punished
Report by Lane.
The report, which was written by
commissioner Franklin K. Lane is the
Unanimous expression Of the commits
sion on the subject
1t is expected by the commission
that it will be determined by the
president and Attorney General Bon-
aparte, from the statement of facts
set out in the report, whether the
government will institute any sort OF
proceedings against Mr.. Hartman or
the corporations involved In the IN,
n1iry. No recommendations are made
Nv the commission that either GRIM
inal or civil prosecutions be ansututeo
as a result of its inquiry.
The report is an exhaustive sum-
mary OF the evidence adduced at the
several hearings held by the commas
sion In the course OF its inquiry. II
enters fully into discussion OF the
nolicv pursued by Mr.. Hartman IN
4 obtaining and maintaining control OF
the various lines of railway IN the
{ Hartman system and presents fairiy
complete history of the operations OF
7 the various lines.
4 Excerpts from the verbatim testi-
many OF Mr.. Hartman are given 70
show as stated in the report:
LAW Stands Between Hartman.
"That it is only the law which pre-
vents the concentrating in Mr.. Harri-
mans hands of every railroad line pc
tween Canada and Mexico is the frank
admission of Mr.. Hartman himself,
made at the hearing. To gather under
one head all existing transcontinental
INES or as many as possible, and To
q exclude the incoming Of all competl-
s tore became manifestly the Hartman
policy. which was inaugurated in 1901
by the issuance Of 100000 600 of con-
vertible bonds by the Union Pacific"
Mr. Harriman's eventual control OF
MANY of the competing transconti-
mental lines was prevented, it IS point.
"a nut by the supreme courts decis-
ion n the Northern Securities case. It
4 shown by the reports that it had
hean no part Of the Hartman policy
- permit the properties brought under
8 IIni0n, Pacific control to decline, as IN
\ evary case they are better today than
thew were when Mr.. Hartman ac-
uuired them.
Z Particular stress is laid by the COM
s mission on the elimination Of COMPETE
S ton in transcontinental business
among the Hartmann and the
commission indicates that that is the
ynatter of large significance developed
in ats inquiry.
s San Pedro Road Case.
Special reference is made to the deal
slby which Mr.. Hartman secured con-
,froi Of the San Pedro road and the
manipulation Of the Chicago & Alton,
/ very careful synopsis of the financial
operations in both instances being
given.
Concerning the Chicago & Alton
transaction the commission says that
II was admitted by Mr.. Hartman that
here was about $60,00o,000 of stock
and liabilities issued against which no
property had been acquired, and this
had been undoubtedly an accurate es-
Innate.
The commission further says con-
,.erning the Alton deal that lit is evil
dent that its history is rich in illus
trations Of various methods OF inde-
fensible financing.
In its conclusions the commission
says:
Elimination Of Competition.
The effect of the control of the
southern Pacific by the Union Pacific
las been to unity and amalgamate the
management of these two railways and
their steamship lines. and to eliminate
<ompetition between them in trans
continental business and In business 10
and from oriental ports.
The joint control of the Alton rail-
way by the Union Pacific and the Chi
ago, Rock Island & Pacific Railway
Company has undoubtedly eliminated
competition between the Alton and the
Flock Island between Chicago, ST.
I ouis and Kansas City.