The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1908-07-29
George ]. Gould SO Expresses
1t and Is Willing That Harri-
man Take Over All Gould
Lines.
STANDARD OIL DECISION
MARKS BUSINESS RETURN
Will Aid Materially in Railroad
Credit, Says the Fallen Rail-
road Hero-Taft Is His
Favorite.

New York, July 29.-George ].
Gould, returning from Europe, well
comes the probable appearance of E.
H. Hartman into the directorates of
all the Gould railroads. To be re-
lieved of the tremendous burdens that
Mr.. Gould says new laws and poll
ticians" have placed upon him, he IS
willing to let Hartman become the
controlling official of about one-fourth
of the railroads Of the United States
having a grand total of $3,103, ,156, ,424
in capital and outstanding bonds.
Four of Gould's roads are already in
the hands Of receivers and he must
raise $8,000,000 by Saturday to take
up notes of the Wheeling and Lake
Erie which are secured by the Wa
bash, and must be met to prevent a
receivership from being forced upon
the Wabash itself.
Receivers Protect from State.
"All the present receiverships
against the Gould roads are of friend
ly nature" said Mr.. Gould. "They
were designed to keep the properties
intact and to protect them from hos
tile state interests. The International
and Great Northern receivership was
intended to protect that road against
a hostile state The Western Mary
land receivership was brought about
because l didn't care to stand under
the whole burden of taxes which poll
ticians were placing upon it.
There are no diamonds left in any
railroad mans crown" he continued
sadly. "The crown isn't gold; it's on
| ly tinsel. Any one who wants to come
| in and lift it has a good chance.
AS for the report that Mr.. Harri
man will enter the directorate of my
roads," said Mr.. Gould, "all 1 can say
is that nothing would give me greater
pleasure than to have him with us
We need all the help of able men tha
we can get. A railroad managers 10
is not particularly a happy one. W.
are not out Of the woods yet
Standard Decision Restores Credit
The Standard Oil decision of tn
| On1I6Q States COuTL I'll dDDtdlo hCH
out to Mr.. Gould ray of hope.
''I think the decision marks turl
in the business situation" he SAID
Looking at it from the standpoint O
railroad credit, nothing did more t
hurt this credit abroad than the hug
fine assessed by Judge Lands. TIL
foreign investor felt that at any tim
his property might be confiscate
through no fault Of his own. Judg
Grosscup's decision has again affirm
ed the American motto of fair play.
"As to the political situation. bot
nominations suit me perfectly. thin
Mr.. Tafts election will mean the RI
turn of prosperity and that a man c
his experience is eminently fitted fo
office"
The estrangement of Gould an
Hartman first came when Gould al
nounced that he would construct hi
Western Pacific extension from Sa
Lake City to the Pacific coast. Thi
would make him a competitor Of th
Southern Pacific, Mr.. Harriman's roa
from the directorate of which M
Gould Immediately withdrew.
Should the combination of the Goul
and Hartman systems be accomplish
ed 1t would mean the practical a
sorption of the Gould interests b
l Hartman and increase his power as
/ railroad king by hundreds of millior
of dollars.