The Washington herald., 1908-07-29
GOULD RESUMES TASK
Takes Up Problem of Finan-
cing His Railroads.
HARTMAN MAY HELP HIM
RumOr Says They VIII Again Pull
Together, but Is Not Confirmed
ReceiverEhiD, Standard Oil De-
cisiOn, and the Political Situation.

New York. July S-George !. Gould
returned from Europe to-day on the
Kronprinzessin Cecilie. and went imme-
Giately 10 his Office in the Western Union
Building. where he picked up again the
threads 0f the great railroad problem
confronting him. which he dropped hur-
riedly and in a rather tangled condition
20 attend his sisters wedding in Paris.
Il was very plain to-day that his trip
rad not done him any good. and that he
was worrying about his railroads. OF
which four are in the hands Of receivers
He IS stIn king OF the rest Of them. but
the crown IS not resting easily
There are no more diamonds left in
any railroad mans crown" he said sadly
The crown isn't sold; it's only tinseL Any
one who wants 10 come IN and lift il
has a good chance
Railroad men were inclined 20 look on
this remark as bearing out the rumors
that have been current since Mr.. Gould's
troubles began. that z. Il Hartman was
10 become strong influence in the Gould
system in return for help from Kuhn.
Loeb & Co in the financing which the
lines VIII need 20 do in the near future.
DIG NoTe Issue Maturing.
IN this connection there was much IN
terest 10 learn whether Kuhn. Loeb &.
Co would be associated with Blair &
Co. who have handled IN large measure
the Gould financing in the past in the
arrangements for meeting the 5000 900
Of Wheeling and Lake Erie notes. which
fau due August / The fnaI details Of
this transaction were awaiting M Could's
arrival Il has beea said recently. and
to-day a representative Of Blair & Co.
I said that an Official announcement would
I probably be made tomorrow. He declined
10 deny or affirm the report Of Kuhn.
I Loeb q COS participation.
As for she report that 0Ir. Hartman
VIII enter the directorate Of M. roads. -'
I said Ar Gould. AL I can say IS that
[ nothing would give me greater pleasure
7 than 10 have him with Us We need all
I the help OF able men that we can get
Z The railroad managers lot is not a par
/ ticulariy happy one We are not out OF
{ the woods vet"
/ The estrangenneut OF the two railroad
men came when 1Ir Gould announced
that he would construct his Western Pa
( cilc extension from salt Lake City 10 the
coast This would make him a competi-
/ tor OF the southern Pacific Efr. Harri-
{ mans road. from the directorate OF which
/ Ar. Gould Immediately resigned
Light on Western Maryland.
About The receiverships Of his roads
/ 0ir. Gould said:
They were of a friendly nature. and
/ were designed 20 keep the properties in
/ tact and 70 protect them from hostile
.
! and Great Northern was intended 10 pro
I tect that road against a hostile state
I The Western Maryland receivership was
! brought about because 7 did not care @
I stand under the whole burden Of the taxes
which the politicians were placing upon
tt
About the Standard OIL de,ision 1Ir
. Could was pleased.
I think that marks the turn In tht
I business situation" lie said Looking al
Il from the standpoint OF railroad credit
nothing did more 10 hurt this credit
abroad than the huge fine assessed by
Judge Lands. The foreign investor fer
that at any time his property might bs
I coudsCated through no fault of his own
Judge Grosscup's decision again affirmed
the American motto. fair play
Likes Both Nominations.
The political situation also seemed u
please him
Both nominations suit ne perfectly
he said You may take that remark
any way YOU Ike Then he added. q
\ am a Republican and always have been
I think lIr- Taft-s election will mean Z
( return OF prosperity and that a man o.
/ his experience IS eminently fitted FOR the
q Office"