New-York tribune., 1908-07-30
GOULD SEES HARTMAN
PRACTICALLY CLOSE DEAL
Plan TO Strengthen Erie Furthered
bY the arrangement.

THAT z H Hartman is 20 take an active part in
a., affairs Of the Gould roads was shown yester-
asv when he Jacob H Schin. OF Kuhn. Loeb &
- and George J Gould held long conference. at
4.cb the manner Of taking care OF the sS.ea.o0O
v-beeline & Lake Eric notes. maturing August l,
-,s decided upon. and other matters affecting the
[-,ta lines we're discussed. Following this confer
- forecast in The Tribune recently. which was
- in 2 downtown banking house. Mr.. Gould re-
--,s.5 10 No Is5 broadway and Immediately held
,..e- conference with officials Of the Gould lines
ss- which il was announced that a statement
,.-o,l5 be made to-day
while none Of those who took part in the con-
,-e,ce would say what conclusion was reached. II
: understood that the Hartman Kuhn-Loeb in
,.resrs will advance the money TO meet the Wheel
a., E AXE Erie notes and that these interests will
,,o-,s important factors in the Eastern section Of
he -ould system, comprising the Wheeling q Lake
E,-ie the Wabash Pittsburg Terminal and the
Western Maryland
A. interest closely identified with the Wheeling &
,.kA Erie said that Of the results Of the ne
o,tztinns between Mr.. Hartman and Mr Gould
,15 undoubtedly be traffic alliance between the
,,beeIinR & Lake Erie and the Wabash Pittshurg
-r.--n;ral on one side. and the Erie Railroad, in
.bi-b NJ Hartman has large interest, on the
-be- This he pointed out would he of mutual
advantage as II would give the Erie an entrance
- 7fttsburE and at the same time enable MT
o,l5 70 get his Iong-sought outlet TO udewater on
-hs Atlantic seaboaro
This interest added that the proposed deal was all
at of Mr. Fiarrlmans plan TO build UP the Erie
rsfl-oad which would benefit greatly from the
.-.sss5 tonnage il would receive large part Of
,b,s +o7nase he said would come from the Loraln
CO. rorrpanv Of the subsidiaries OF the
--,.-ss states steel Corporation which has q large
- e. Iorain. Ohio. The steel company. this
= ss;5 had informed the Wheeling & Lake Erie.
,..b transports its product. that its output was
,--f,s5 o-lv By the capacity of the railroad 10
t-,-,e IL and he stated that the agreement be
80 N- Gould and Mr.. Hartman would provide
I,- n. double tracking OF the Wheeling & Lake
4-;e II order that II and the Erie together might
,s-e. from the greatly increased tonnage that the
,lsn- would then be in a position 10 turn out
The fnal outcome Of the negotiations between MI
Hartman and Mr- Gould is awaited with great In
,s-ss+ in Wall Street which is more than ever con-
,,e5 that the former will hereafter be an tmpor-
-, influence in the affairs OF the Gould system
-s- these negotiations have been practically COM
-ls+as * shown by the fact that Mr.. Hartman
,u start for the West tomorrow, to be gone about
= month during much Of which time he will be
r-- n communication with the outside world, it
bs3nE his intention TO isolate himself in the forests
n Oregon where he has a cabin
That satisfactory agreement had been reached
4scted in the action Of the Could stocks, all Of
which with one exception. advanced sharply yes
;srday and closed with net gains Of from IL TO 8
poin-s The exception was Western Maryland,
which lost half point. The Erie shares were also
vel supported, although they showed slight de-
cline from the preceding days quotations.