The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-11-14
.SpOONER APPEARS
FOR {. II HAR'R|MAk.
Contends Hartman Is Not Re
quired to Disclose His In
dividual Profits.
COURT RESERVES DECISION
Brilliant Legal Battle Over
Great Coupe in Union Pacific
Railway.

NEW YORK. November 1a--After
both sides OF the question. Judge
Hough. In the United States Circyit
would not beS ready 70 render deci-
sion on the petitfons Of the Interstate
Commerce Commission to compel %.
n. Hartman to answer certain cues
N iloas the peopf eoppse Of the eomnission.s in
man lines, until: December LIST. The
opposing counsel were given the priv
the next two weeks The. arguments;
which were not concluded until $3.50
p. NJ, took wide range. and the priv
iIegesa. and powers OF the lnteretate
Commerce Commission were tnorougn- :
Former Senator John c. spooner, OF
Wisconsin,. appeared for the first time
in the case. and argued In defense OF
the petition maintained ny MT. HAT; ar;
frirnan-that he is not required to tell
the commission what individual proft
he made in selling the stocks of other
railroads held by him to the Union
Pacific Company or to detaia ~ the the mar man,
Union Pacific dividend was declared in
August. 1906. and its announcement
deferred for two days.
how w much stock OF the Union Pacific.
il any. he bought Just prior to the
John G. Millburn was also heard IN
defense Of Mr. Harrimnn n and INC IN. IN oppo. n,
mission. <On behalf of the government,
Represented by the Interstate Commerce
Commission the arguments were con
,ducted by United states Attorneys ,,a =
Stimson and Frank B. kellogg. specia'
counsel to the commission
Approved by Stockholders.
Counsel for Mr.. Hartman stated to
Judge Hough that the stock purchases
OF the Union Pacific Railroad. amount,
ing to $3.50, 100000 during one period
and and about ;Is2 10000 in the aggregate
were made on the recommendatton q
the executive comm 'ttee, approved BY
the board OF directors and ratified by
the Stockholders. All that Mr.; Hnrrt'
had met with the fullest approval Of
the stockholders of the Union. Pacific
further stated that tSs ransgy allowns S.aS 70
%comnarv % had nrofited no less thar
a2.000,00o by Its stock purchases Mr
M,llbu~n said this fact should silence
stock purchases tended to Impair thu
| effectiveness Of the railroads engaged
linl5interstate business:
Mr.. Kellogg IN reply 70 th!s. statee tt
nothing more nor less than VNa,l Street
quotations. nrohably fixed hy the very
! pooi nf men who. It Is claimed. were
behind the stock dcsls AS - the W, In
roads. Mr.. Kellogg asserted that th'
roads OF inflated values were to-day
lunahle tn borrow monev, to build .ths
cars needed bv them u carry out thetl
ob71~atinns to the pnbtic.
.srre same thing 's true sf the roed!
without inflated values" retorted Mr.
1 Mll,hurr.
Mr.. Spooner declared that the stocl
| deals between Mr.. Hartman and yth,
Union Pacific were, matters Of con
Germ only between the Individual ant
do with Interstate commerce.
Mr.. kellogg declared the commits
sion had a right to inquire into tn,
uses to which the moneys OF rail
4 road We're put.
Judge Hough Interrupted the attor
questions. He asked. IL, after all, tn
commission was only seeking by tn
4 unanswered dfsGuestions to rrove tron
/, whom Hartman. the lndividual, pur
i chased the stock subsequently sold t
4 the c0inpany.of which he Is presiden
i ana what profit no individually mad
i by the e@transaction. y
sought to get at the bona fides of tn
\ stock deals. In general, he declared
the commission was making an In
lnuirv which involved the cnesttnns .
whether pr not the great Western ter
4 rltory Of the United States shall p
veiopment-whethe or not there shal
A he railroad competition between th
Missouri River and the south Paclf
4 coast. Ila