The sun., 1908-06-10
GOULD MAKES PEACE And SAILS
yG!NK LINES AND HARTMAN
NO LONGER HOSTILE.

youngstcr Has 10 Have the Measles"
says Mr. Gould-nabash VIII Take
care Of Itseif-No More Recciyerships.
Just before sailing for Europe on the
kronprinzessin Ceoilie yesterday George
] Gould said he was fairly well satisfied
with the condition Of his railroad properties
notwithstanding the fact that four Of them
were in tho hands Of receivers. He talked
as il his house had been put in order and
as if he could not be longer characterized
" any Of his enemios as the Ishinacl of the
railroad family No longer. it seemed,
was every hand raised against him in i'm
portant railroad circles in the East and
Vest and later in the day this assumption
was strengthened by very positive state
ments in other railroad circles. In all these
quarters the statement was very positively
made that the differences between the
Goul. roads and the trunk lines in the East
ard IL. Gould roads and the Hartman and
other Pacific lines in the Wost had been
am!cshly adjusted
According to tho terms Of the agreement.
70 it is generally understood, Mr.. Gould
a TO retain the possession Of oil his prop
cries wtst CT Pit,sburg. whether in the
lands of receivers or not; he is to com
plete the work on tho Western Pacific and
10 operate 1t under sort Of gentlemen
agreement with the Hartman and other
Western ines, and he is to reorganize
In
The lines west of Pittsburg. But while
re has crossed the Rockies with the Western
Pacfc he may not cross the Alleghanies
nd connect the Wabash system with tho
Western Maryland. The Gould interests
n the Western Maryland are to be pro-
'ected. whether tho road is reorganize
Independently or as n Gould road. but
that road is not to be linked wit the others
by any new construction, and the vision
If a transcontinental Gould system will
not again appear as long as the agreement
,olds
As is well known, Mr. Gould fell out
with the trunk lines. notably the Penn
syvania and Baltimore and Ohio, by build
ing an entrance into Pitts6urg. purchasing
he Western Maryland and planning to
and, and he fell out with the transmits
ssppi lines by beginning the construction
the Western Pacific to San Francisco.
railroad once built or one nearing COM
letion must be operated to save the in
yes,ment, and the agreement recognizes
ris old railroad proposition. The agree
uent a!sD recognizes the folly OF COM
tctition between roads to many Of the same
,ol,v SAA
tactic on .ts completion next year will
s;art operations without danger from rate
.ltting by the Hartman and other Pacific
mes
The day before his departure for Europe,
If became known yesterday, was one OF the
Dusiest in Mr.. Gould's business career. In
he early part Of the day meetings Of Wheel
ng and Lake Erie directors decided upon
reoeiverhip for that road. subsequently
Mr.. Gould and his associates discussed
plans for the merger Of the Wheeling and
AXE Erie and the Wabash Pittsburg Ter
Tnal and the reorganization OF these two
suspended companies under Wabash con-
lrol and finally Mr.. Gould had long inter-
Jew with Z. Fl. Hartman. as a result OF
which, it is believed. the finishing touches
we're put on an agreement in both the West
nd East.
Mr. Hartman, it was said yesterday, was
very likely persuaded into an agreement
wlth the Gould roads in the West by the
rhandonnent of the Gould trunk line propo-
=. ion in the East. for the Gould scheme
oon ealpaled direct competition with the
nitimore and Ohio, which the Union Pacific
gpnlroIs Whatever is lost to the Union Pa
'lfc through competition with the Western
Pacific will be more than made good by the
'rds-urbed occupancy Of it's territory by
the B,lJimorn and Ohio. Mr.. Hartman,
no. being in a position to prevent the COM
peton OF the Western Pacific undoubtedly
welcomed developments blocking the tide
wfter outlet for the Gould roads in the Fast.
IN an interview he gave out just before
sailing Mr.. Gould declared emphatically
that there would be no more receiverships
among the Gould properties, He felt he
said, that he was leaving all his properties
ia a comfortable position. If he did not
feel so, he said he would not go way at this
time
The receiverships Of the Wheeling and
Lake Erie and the Wabash Pittsburg Ter
minal.' he added. were inevitable, but
none Of the other Gould properties will
he permitted to be further involved. When
the Wabash Pittsburg Terminal defaulted
receivership for the Wheeling and Lake
Erie was unavoidable. The Wabash-Pitts-
burg Terminal unfortunately was over
capitalized. We probably could have car
ried il through, but thought it was time
TO stop on behalf Of the Wabash. do not
want the Wabash to become overloaded
with worse things which might pull 1t down.
The Wabash is a fine property. with great
earning power and will not be permitted
to become further involved.
The 100000 Wheeling and Lake Erie
notes maturing August 1 and guaranteed
by the Wabash will not be permitted to
embarrass the Wabash. The Wabash Is
perfectly able to take care Of itself The
Wheeling and Lake Erie reoeivership marks
the end OF the readjustments made neces-
eary to our properties. 1t is a great relief
TO me to have things cleaned up as they
are"
When asked II he had given up his plan
ior an Atlantic tidewater outlet for the
Wabash, Mr.. Gould hesitated and then
parried with request to know IL any one