Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1907-01-05

At today'S hearing it was brought
out in evidence and admitted that the
Union Faclhc Railroad CO., the South
ern Pacific Co., the Oregon Short Line
and the oregon aRilrOad and Naviga-
ton Co. are practically under the same
administration. Mr.. Hartman appear
ing as PRESIDENT of each company, with
only slight variations in the lists of
other officers. II was further shown
that the Southern Pacific Co. owns the
Pacific Mail Steamship Co, that the
southern Pacific and Union Pacific
jointly own the Occidental and Orient
Steamship Co.. and that Mr.. Harri-
mans interests are in control of the
Portland & Asiatic Steamship Co. All
of these lines run steamers between
either San Francisco or Portland and
the Orient. 1t was said the Occidental
is in liquidation, but it still operates
steamers.
On the Atlantic ocean is WAS ScOwn
that the Southern Pacific owns the
lines Of steamers running between New
York and New Orleans formerly known
as the Morgan Line.
1t was further shown that the Union
Pafiiic has Il traffic arrangement with
the San Pedro, Los Angeles and Salt
Lake Railway extending over a period
of 90 years. the exercise of joint con-
trGi with the Chicago, Rock Island and
Pacific Railway over the Chicago AMI
Alton Railroads: owns $2S. 1913 900 worth
OF stock OF 29.19 FER cent. of the cap
italization of the Illinois Central Rail
road, and owns 5000, 800 worth of stock
OF the st. Joseph and Grand Island
Railroad, with is 3737 per cent. of the
whole.
The Oregon Short Line owns $780, 80
600 worth of stock in the Baltimore Il
ONO Railroad Co, this being 1852 per
cent. of the whole
Of Chicago. Milwaukee and st. Paul
stock tn" oregon Short Line owns 81
e"l"oo worth. or $40 per cent. Tic
company also owns $2,572 900 or 2.5S per
cent. of the stock of the Chicago and
northwestern, 1900, 900 OF the prefer
req stock of the AtChison. Topeka g.
santa Re being 4.2S per cent. and $14.-
-e''io, or l.9I per cent. of the capital
stock of the New York Central and
hudson River Railroad.
vi these holdings by the Hartman
companies the stocks of the Illinois
central baltimore & Ohio. New York
central. Chicago & Northwestern, Chi
'dso d Milwaukee, and ST. Paul, Atchi-
SUM- Topeka & Santa Fe. and st. Jo-
seph and Grand Island. aggregating in
value SOB, "a have all been bought
since July /. 1906.
Were did the money come FROM
asked members of the commission.
IN reply it was stated that the Union
rdclhc showed last July a surplus OF
s'l'"'o 600. The Oregon Short Line de-
oi"red dividends Of 30 per cent. on its
SUCK htid by the Union Pacific and al
:" contributed out of it's general as
vs. =" inc purchase money.
A1''r placing IN evidence all that
- available as to the ownership OF
.'e So-called Hartman Lines" coun.
i"r the Interstate Commerce Com
n,isS"h then had Alexander Millar
r'etary of the Hartman CO., read
'ic minutes Of many executive
i'iii'tee meetings of the Union Pa.
INC INC IN which it was shown that Mr.
10. tiihan reported various things he
uohe and the committee simply
,o'ed TO ratify and confirm his actions
h.. vas also shown that Mr.. Hartman
authority by resolution to borrow
'''eS Tor the uses of the Union Pacific