Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-02-26
INSIDE HISTORY
Of GIGANTIC
RAILROAD
MERGER
J. H, Hartman Before Inter
state Commerce Commission
Gives Details of Transactions
Involving Many Millions.
GOVERNMENT ATTACKS
CHICAGO & ALTON DEAL
Syndicate Charged With Engt-
neering Enormous Initiation
of Stock Yielding Rich Re-
turn on Investment of Air.

VI OlOCN ICIQIIIS ilICI NC
turn on Investment of Air,
[By Morning Journal Special Leased Wire. |
New York. Feb. 25..-E. II. Harri-
man, head Of The Union Pacific sys-
tenn, spent today in recital of portions
of the intimate history OF the tinan-
cial operations of himself and Of his
associates before the interstate COM
merCo commission. which in behalf Of
the United States government is inVes-
tigating consultations Of carriers, re-
latiOns betWeen railroads and COM
muuity Of interest therein. their rates,
facilities and practices. Special
sci for the government made paIticu-
lar attack on the reorganization and
financing Of the Chicago and Alton
railroad by the Hartman syndicate
and their action with "a challenge by
counsel for the railroads of the right
Of the interstate commerce cOmmt7-
sion to inquire into the private trans
actions OF an individual. constituted
the two chief events Of the DAYS pro-
cccdingS.
Mr.. Hartman declined to tell what
proportion OF the preferred stock of
the Alton sold to the Union Pacific be-
longed to him individually, and the
way was paved for taking the question
INTO nv Ieueldl courts lHS pun
raised involves a material limitation
IN the inquisitorial power OF the COM
mission, ~ is of serious importance
to the whole question of interstate cor
poration investigation.
Heie W. - ciio'l 70 9HoN va,
'nei' H"U petii an emu 'itvt9 iri'N'"tt
~ lit sloCh SctuiitIe9 3uu il"pl'''.V9 u
lit Hloo", ma Il i'IIlii"" ~ 'I'
e@tH hdu iaNGH ulll@d Hio"l9 ~
t" us " = " % ~ ~
the proceeds OF the INST sac OF tnt
pohuS' amounting 70 iofiN IhliIi0h uoi
tal9 ma lu' NuaIvdeS n"V ~ -, =,
lut "oliuS az ~ aSo'''"'l 'oW "7
uIe, o"lS 10 ISL liolL =, IiD, itaa3",c,
pioIl' mat me hartman SHGIcalC
n%4 lh-lhe Alloil J5pll"!i1tH 'l, I3a9,I
- i"LueI - - v"
~ ~ q ca,. hot+ at1aan nj
me oid IoF pelteIn1ent,
over q peiiou 81 w HcdiS ~ "ti '%Ut
.,'' ~ 10 Grfi"Li9 ,an,- bad haen
tIe ""UHS ~ M fa,t az inarcasn Of
$500, ",G5 HnItLiiitios f.1ln about
.Hc 9'o'N dHu i''i'i .,I siv-
i"II ih!i.i"H9 - ol' a,thtna 90
zen IHIlloi9 49,, 6it,,ra Of foen-
snow eNCtpt "n ~ LAM f
'y-tWo ulil.lol 10 'f
On ine loPSit[. 4.-.tf,,r,y was q de-
Vt flaii ID l."" 800 ana no made
uI"i OF az me 'tloI NV aarene.
an eNlenoed eApiald'loh y" IAN
- f,,uy justified b\ the con-
Icldeo We're iuIls Ju9'.ilCU - tba lin. .
ul'I"IlS aIn' 'Vu'r'13, ,ntod entiraiv i'm
an" 'l"u 'Oi ,~rin,an.s examination
SnV ~ 500 bn,,rs ana was un-
49, no,+n,onv The witness de- !
NAM" ny IA ~ an ottampt to /
Nl'n'u ~ .tati-' az the Alton oDera- Z
explain the u'tdll9 ~ ..a1 Nc oiiee- "
tons and constantly tfIeIIeu ms Anon
lIoneI TO ule
.o.+t,,orv began
VT, EaIIlilam + one bnndred mil
win Inc lSSudHCt ~ - ~, tha
Iluns OF codiNtl llpir ,',ri1osc n]rinar-
mon ldclnC southern pa
NY OF paSihs iot al tbronah thp
enc IN l9VI anu Min mo orc
pul'ii3St IN Gum ~" N-nrtberr pa
Npn snort Line Oh inc