New-York tribune., 1908-07-29
c0EJLD LIKES DECISION
Glad FINE Is SET ASIDE.
s,,,,osed Confirmation of the Deal
scith Hartman.

,.,,,s rs4u-nei from Europe yesterday
eeoie r-,onnrinzessin Cecilie feeling optimistic
on ' e General business outlook. although with
over Ie pc own properties he said: We are not
ress'a "a The woods" Asked to the truth of
ye e..,-, that E. H. Hartman would enter the
ne - a, The Gould lines he replied: "Ai can
dhe .,st nothing would give me greater pleas
81 - ~ have him with We need all the
We . ehle men that get The railroad
hFos-,s lot is not a particularly happy one.
h1 :. .he diamonds have dropped from our
zbich isn't gold hut only tinsei Any one
crow l.-s 70 come in and lift it has got chance
70 Dc so ,,. - -
:, the financial district as substantial con-
So, If the run1ors that have been in circu-
- =, late that z. H Hartman and his associ-
z,ouId become actively identified with the
- --operties and that both Mr.. Hartman
- ". zyuhn Loeb & Co would have share in the
-..r,eernent Of the system.
" could said that far he knew plans
- been definitely made for taking Of the
.c.asn Wheeling & Lake Erie notes maturing
,-,s. Later in the day. however, after Mr..
,c,uls had conferred with the bankers and others
..e-rsted in the matter, it said that a plan
- nr,,1de for the notes had been worked out, with
.bs execution Of a few details. and that it would
n-ohs biz be announced to-day
xr Gould stated that he had kept in close touch
+bat he understood that. while business was not
h.ck 10 last years standard his roads were now
6,ine nearly normal business. He laid stress
u7oa the excellent crop conditions, which he said,
,s--icularly affected the welfare Of his railroads
oneerring the receverships of some of these roads
be said that they were OF q friendly nature and
were designed 70 keep the properties intact and to
r-otecf them from hostile state interests
Nj Gould expressed himself as much gratihed
win the Standard on decision. Of which he said:
7 think that decision marks the turn in the
business situation. Looking at It from the stand
rout Of railroad credit nothing did more to hurt
his credS abroad than the huge fine assessed bv
Judge lands. The foreign investor felt that at
srv tine his property might he con1scated through
No fault of his own. Judge Grosscup's decision
again affirmed the American motto Of fair pIay."
Il. added that he thought ii would be more logical
10 assess q fine against the corporate r1anagement
which disobeys the law than against the corpora
tion which would only make innocent security
holders suffer
Speaking of conditions abroad. Mr.. Gould declared
fhst from his observations over there. he thought
there more Of disposition on the part of
foreigners 10 invest in American securities than
there had been since the recent panic.
In reply 70 a question as TO his political views
be said:
q an Republican. and have always been one
I think Mr Tafts election will mean return OF
erninenty fitted for the Office"
Mr Gould was accompanied by Mrs. Gould: his
daughter. Miss Marjorie Gould. and his son. Jay
rho recently the Olympic championship at
court tennis Mortimer l. Schiff, of Kuhn, Loeb
Co. was also passenger on the Kronprinzessn
Cscaie but NJ Gould declared that fact had no
significance.
Immediately after reaching his Office at No. 195
Broadway Mr.. Gould went into conference with E
7. Jefery and Winslow s. Pierce The former IS
his chief adviser in regard railroad matters and
The latter is his personal counsel. Later bankers
TIE affairs ~ the different roads, particularly the
Wheeling & Lake Erie and the Wabash Pittsburg
Railway Terminal Company, were carefully
sdered- i was reported that of the matters
discussed was a deal by which the Gould interests
would give the Erie Railroad Company the joint
use Of those properties. and the strength of the
Erie stocks yesterday was said TO be based upon
-he knowledge that this deal would be consum-
msted
A close associate Of Mr. Gould said yesterday
with regard 10 the reports that he had formed
alliance with Mr- Hartman and other new inter
ests:
1t Is mistaken idea that Mr. Hartman and
other new interests are 10 come in and dominate
The properties that have borne the Gould name for
50 many years Il anything eventuates in this
connection I think il may safely be regarded an
extension Of Air Gould railroad and banking con-