The star and Newark advertiser. [volume] (Newark, N.J.) 1908-1909, 1908-10-22
VAN BRUNT AND
HARTMAN SPLIT
ON COPPER DEAL
Parting of Ways Reached Yes
terday After Stormy Inter-
view, 1t Is Said.
NORTH BUTTE EXTENSION
BREAK DIVORCED THEM
Such Is General Belief, but Red
Bank Protege of Financier
Says Otherwise.

w. T.. Van Brunt, the Red Bank
man who has heen led up the ladder Of
fortune by e. Fl. Hartman for the past
decade or more, Is no longer connected
with the railway magnate. The sud
den severance of business relations be-
tween the two has caused almost as
great a sensation as the spectacular
drop yesterday of the stock of the
North Butte Extension Copper Com
pany, which fell from $1.75 to five
cents, and which is said to be the cause
of the break.
Its stale news declared Van
Rrunt today. 81 resigned from most
OF the Hartman companies months
ago. Today I am not connected with
Mr.. Hartman in any of his companies.
It is not true, however, that l used Mr..
Harriman's name in connection with
the North Butte Extension Copper
Company. He had no holdings in the
company and we never discussed the
matter"
In the offices of the New York r
brokers, however, there is a ouch OF
resentment in the keenness of their dis
appointment. There it is freely charged
that ever the messenger boys were
lured by Harriman's chief to invest In
his good thing at So to $3.50 a share.
Everyone thought Hartman was
backing the North Butte Extension
Company as he did the North Butte
company, which now pays dividends 'f
So on ST. ok of SIS par value. The
rumor was never denied.
Mr.. Van Brunt was president OF tine
Extension company. AS many OF the
wealthiest brokers hold stock In the
names of trusted employees. it was
tacitly understood that Van Brunt's
chief was floating h new concern, n
it's stock was eagerly absorbed.
Rumors of the alleged use OF his
name in his connection are said to
have reached Mr.. Hartman. A stormy
scene followed, and an abrupt break
of relations between the magnate
his righthand man are limited at, what
ever the case. Jar Brunt's resignation
was announced yesterday.
In the letter sent out in December
soliciting subscriptions to the extension
concern at 81 per share a list was en-
closed of the corporations with when
Mr.. Van Brunt was at that time con-
nected. 1t included:
Augusta-Aiken Railway and Electric
=. COMPANY, president and director; New
Orleans Warehouse Company. president
and director; North Augusta Electric
and Improvement Company, president
and directors Railroad Securities Com
pany. director; st. Joseph and Grand
Island Railway Company. president and
director; Sinnemahoning Iron and Coal
Company, president and director; Spiral
Bearing and Supply Company, president
and director; Wells-Fargo Express
Company, director; North Augusta
Land Company, president and director;
North Augusta Hotel Company, presi-
dent and director; Augusta Railway
and Electric Company, president and
director; Hearne and Brazos Railroad
Company, president and director.
Van Brunt has a handsome home at
Red Bank. His father, Captain Van
Brunt, built up a competence selling
Jersey oysters. The son entered Harri-
mans employ years ago and was
gradually advanced in responsibility to
the place he vacated yesterday.