The San Francisco call., 1908-12-05
UNITED RAILROADS
DEAL CONFIRMED
Message TO President of En-
pIoyes' Association Says
Hartman Has Control
Head of Local Garments Union
Declares information Has
Reliable Origin

Although denials have been made to
the reports of last week that Patrick
Calhoun's prolonged stay in New York
was due to negotiations in progress
between the president of the United
Railroads and the agent of E. H. Harri-
man for the sale of San Francisco's
big street railway system, the story
Will not down.
Another report reached here yester-
day, through a source entirely inde-
pendent of the previous ones, that CAL
houn had arranged with Hartman for
the transfer of his control of the
United Railroads. It came in a pri-
dent of the amalgamated association
Of street railway employees of America,
who is in this city, and Richard Cor
nelius, head the local carmen's union.
Our information" said Cornelius,
came from a reliable source and was
that the deal between Hartman and
Calhoun had been effected already"
REPORTS GIVEN CREDENCE
Mahon. although representing an or
ganization that is generally opposed to
the Calhoun railway interests, is re-
garded as CLOSE in" on information
concerning the affairs of the United
Railroads and it's holding company. He
believed that the information received
by Cornelius and himself was correct.
While there has been no marked ac-
tivity in the United Railroads stock
since the first reports of deal between
Calhoun and Hartman were received
here moro than a week ago, local brok-
ers do not accept that fact as indica-
tive Of the falsity of the stories from
New York
Calhoun's S presence in the eastern me-
tropolis, the fact that he was confer
ring with representatives of Hartman,
among them W. T. Herrin, chief coun-
sci for the Southern Pacific company,
who left quietly for New York just
about the time that Calhoun began
visiting the Hartman offices, and the
reports that have reached here that
Calhoun was pressed badly for money.
have made the local fnanciers suscepti-
bic TO the theory that deal was under
way
WEAK DENIAL DISCREDITED
Among a number of local fnanciers
who think that Calhoun has been forced
10 turn over the control Of the street
railway system it is the opinion that no
announcement will be made of the i'm
portant transaction until after the be-
ginning Of the new year, and possibly
not until after the annual meeting Of
the holding company in February.
Meanwhile Hartman probably will
take over a large block of the com
pany's stock. without making it of rec
ord in the exchange, and with it send
his representatives into the annual
meeting to demonstrate that he is
master of the situation
When interviewed by a Call CORES
pondent in New York yesterday CAL
hoUn made a very weak denial that
negotiations were under way for the
sale Of the United Railroads to Harri-
man, but he was unwilling to explain
why he had been calling at Harriman's
offices and confering with Herrin dur
ing the latter's stay in New York
Herrin acted as Harriman's personal
representative in all deals in Califor-
nit for street railways, notably in Los
Angeles, where he figured prominently
in the forcing of Huntington to take
Hartman into his railroad projects