Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-09-11
HARTMAN IS OPTIMISTIC
PLENTY OF MONEY, BUT IT'S
TIMID, he DECLARES.
Doesn't Expect Tempers to Be Lost
Again in Illinois Central Meet
ings-Talks of Conditions.

NEW YORK, September lie. II.
Hartman returned yesterday from a
tour of inspection of his railroad system
in the west in excellent health and an opti-
mistfc turn of mind
There are no signs of a commercial de-
PRESTON" he said though there may be
very slight restriction of business. Sc
curlties have gone very much lower than
they ought to-"
DO you think" he was asked that any
relief will be forthcoming 2"
Il don't see that there is any need for
relief There is a good deal more money
in the country than the men out here be-
ieve. 1t is withheld from some apparent
rear which is analogous to the car panic a
year ago AS soon as road found that the
supply of cars was getting very scarce it
held on extra tight to the cars il already
had; which only made the situation worse.
II they mad allowed these cars to circulate
freely it would have gone a long way to-
ward relieving the situation.
1T Is the same way with the money mar
ket There Is lots Of money among the
bankers In the west, and few millions let
lose from these sources would just turn the
scale. If SO, 600 of new money were to
become free it would make the rate for all
the rest of the money in the market. though
1t would only represent a tiny proportion of
that total. The city bonds which are just
being brought out are the opportunity of a
lifetime. I'd like to retire for life on New
York city AZ per cent bonds. / don't look
for anything very serious in the general
situation.
Union and Southern Pacific.
THE Union Pacific and the Southern
Pacific promise to have the best year in
their history. Expenses are higher, but the
net income promises to be conside rably
better than last year. We are moving a
much bigger volume of traffic than we did
last fall when new high records were made
and the prospects are for a continued in
creasing business"
What is the cause Of the apprehension
which you say is holding back this money
from the market, Mr.. Hartmann
You know that as well as 1 do he an
swered, e! am not criticising anybody.
but and here Mr.. Hartman turned to
Judge Lovett, who was sitting in the room
with him. and smiled.
What is going to happen at the Illinois
meeting tomorrow. Mr.. Hartmann" 1t
two weeks ago that Stuyvesant Fish knock
ed down Mr.. Harriman's president, ]. T
Harahan, because the latter throttled his
attempt to introduce some resolutions re-
fecting on the Hartman management of
the road. The following week Mr.. Fish got
his resolutions passed, and it was suggested
that the management would make publ
the resolutions and their answer to them
at the meeting today.
The Illinois Central Affair.
Il don't know anything about the Illinois
Central affair and don't care to-" Mr.. Har-
riman answered. Mr.. Harahan will be on
from Chicago to attend it and | shall be
there, too.
DO you expect anything out of the ordi-
nary to occur
NO: people don't lose their tempers twice
in such quick succession Things like that
come and go and you can't help it,
DO you intend to make any answer to
Mr. Fish's reso!utions?'
Il really don't know. l have not even
read them yet Now that ! have said all
that l am going to about campaign funds
and about Illinois Central, what else have
refused earlier in the interview t. make
any comment on the stories of the sourde
of the $3.50, 900 which he collected for Presi-
dent Roosevelt's campaign.
How about the sale OF the Alton to the
Clover Leaf?"
1T shows that there is somebody that
thinks the Alton is worth something. l
have nothing to say about the terms Of the
purchase
rs it going to affect your holdings Of
Alton? Have you sold any of it?
Il really don't know. l have been out
west and have had nothing TO do with the
management. / guess we have not sold
any, have we, judge" he said turning to
Judge Lovett. The judge guessed they
had not.
In answer to a question about the situa-
ton in the west Mr.. Hartman said that
it was good The outlook is about as good
as you can expect" he said. The crops
are all right, although in spots they viii!
not be as good last year. All they need
now is to mature successfully, and they
will do that if they are secured flom frost
between now and the first of October We
shall have the best railroads and the best
manufactures in the world eventually. if
we can only get started on the principle of
making the best of things instead of the
worst of things.