Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-07-14
FINAL. REPORT
ON HARTMAN
INQUIRY
NEXT MOVE I'm MATTER
LIES WITH president !


ViduaIS or Corporations,
IBy Morning journal Special Leased Wire.l
Washington. JULY IA report was
made public today by the Interstate
commerce commission of its inquiry
into railroad operations OF Edward H..
Hartman of the so-callcd Hartman
lines of railway which has been in
progress for several months The rec
port, which was written by Commi~-
sioner Franklin *. Lane, is the unau-
imous expression of the commission On
the subject Copies of the report have
been transmitted 10 President Roosc-
eltv and the department of Justice.
1t is expected by the commission
that II win be determined 10y the pres-
ldent and Attorney General Bonaparte
from the statements of the report
whether the government win institute
any sort of proceedings against Mr..
Hartman or the corporations involved
in the inquiry. No recommendations
are made by the commission that
either criminal or civil prosecutions
be instituted as result of its IN
quiry
The report is an exhaustive sun,-
mary of the evidence adduced at the
several hearings held by the commits
sion in the course OF It's inquiry. Il
enters fully into a discussion of the
policy pursued by Mr. Hartman in OBJ
tanning ana maintaining control OF
the various lines of railway in the
Hartman system and presents fairly
mplcte history Of the operations pf
a. various lines. Excerpts from the
lytfbatim testimony of Mr. Hartman
are given to show. as stated I'm the re-
port that il IS only the law which
prevents the concentrating in Mr.. Har-
riman's hands of every railroad line
lying between Canada and Mexico,
which Is the frank admission at Mr..
Hartman himself made at the hear
ing
''To gather under one head an eXist-
ing transcontincntal lines or as many
as possibly and TO exclude the incom
ing of an competitors became man,-
testify the Hartman policy which was
naugurated in 1901 by the issuance oi
$1OO.0G0,O0O of convertible bonds 10y
the Union Pacific"
MI Harirman's control of many OF
the competing tlauHruntiucutal liitr
was prevented it is pointed out,
bV the supreme courts decision ili
shown by the reports that 10 has nor
been the Hartman policy to permit
the properties brought under Guiun
Pacific control To decline as In ovrrNI
case they are better today than they
were when Mr.. Hartman acquired
them
Particular stress IS laid by the CONE
mission on the elimination of comp"-
ttion iu in trauscoutincnjal business
among the Hartman lines. and tho
commission indicates that that IS thC
matter of large significance developed
in its inquiry.
Special reference is made 60 the deal
by which Mr. Hartman secured con-
troll of the san Pedro road and th y /
manipulatiun Of the Chicago and AL !
ton. very careful synopsis of tho
financial operations In hoth instances
being given. Concerning tine 'hitas'
ana Alton transaction. t1o commission
SAYS:
"It was admitted by Mr. Hartman
that there was about sixty millions OF |
stock and liabilities issued against |
which no property had been acquired, |
and this IS undoubtedly am accurate |
estimate.
Thc commission further says con-
cering the Alton dou That "if Is owl |
dent that its history BE- rich loo Illus
tration- of various mr,nuI" "i lhd'- \
fcusiblc financing
In its conclusion the commission
says
''Thc effect of tho control of the |
Southern Pacific hN th. Union Ia
cidc has been to unity ana "malEhm-
ate the management of ih'-r 'N' lHll- &
roads and steamship lines .ud 20 eIiin-
mate competition between lHom ~
traus-contincntil business uud ln hu3-
inese 10 and from Oriental ports
rThc joint control ot tuy Alton Iail-
way bN the Union Pacific aul 'ht thi-