The Washington times., 1908-07-30
HARTMAN NOW KING
Of RAILWAY WORLD
George j. Gould Surrenders
Final Control of His
Lines TO Rival.

NEW YORK, July sO.-The repor+ that
George J. Gould had Joined forces with
E II Hartman. the latter beconInp
the controlling chief in the long covet-
ed Gould railroad properties In the
West, was received with intense salts
faction in Wall Street
1t was the leading topic Of the daC
in banking and brokerage Offices, and
the Harriman-Gould stocks were watch
ed with keen interest. There was no
market movement in the shares. how
ever. that was significant
Mr.. Hartman will leave New Yorl,
Saturday for Western trip OF inspse-
ton over the Gould railroads and will
be gone for a month. He was found
in his offices today at 100 Broadvyaz,
III an animated mood.
DO you wish to confirm the renorf
Of your alliance with George Gould?'
he was asked
I cannot talk on such subjects" lie
said But I am learning a whole LOO
through the newspapers I am much
too busy today TO discuss this current
talk but things are progressing.
Railroad men are learning N link
ahead a little am going out West,
and am so occupied today that I haven't
time to notice how warm # is"
Meaning Will Be Clear"
Mr. Hartman was asked whether his
remark that railroad interests were
learning 10 look ahead a little" had q
political significance, applying to ad-
verse railroad legislation; but he de-
clined 10 gsnplify his words. only adj
ing.
Some day my meaning will doubt
less be made quite clear
Conferences by the parties 10 the new
Could chairman alliance and their
bankers apparently failed 20 result in
any definite agreement regarding the
Se'VoVcJ Of Wheeling and Lake Erie
notes. which Will mature Saturday
There IS a possibility thai default may
be made on them as a technical matter.
for the purpose OF releasing the Wheel
Ing and Lake Erie stock which Is de-
posted as collateral The notes are also
guaranteed BY the Wabash. and the re-
lease OF the Wheeling stock would nut
that security into the Wabash treasury
and permit definite division OF control
with the Erie, as already planned.
Personal Friends, Then Ensmies.
Mr.. Gould has been sinEularly unfor-
tunate in his railroad enterprises. Il Is
felt IN the Street, chiefly because Mr..
Hartman was opposing him at every
step Once personal friends, they have
been bitter enemies or late years Their
brought about wholly BY
the exigencies of the control OF great
railroad properties. which had OF ne
cessity been at 4oggerheads. are now said
10 be at an end. and they will work
together for the Improvement Of the
MISSOURI Pacific. Wabash. and Denver
and Rio Grande properties.
Two conferences were held at which
several new proposals We're made on
behalf OF M Gould The FIRST was at
n downtown banking office. Mr.. Gould
Who has taken uptown quarters at the
Plaza Hotel. left HIS apartment in the
morning and went downtown in q tour
ns automobile 70 attend .he meeting
MI Hartman and representatives OF
Blair Co and OF Kuhn. Loeb & CO.
were present al this meeting Late in
he afternoon there was another meet
ng in the executive Offices OF the Union
Pacific. but no definite announcement
could be obtained at a late hour.
Final Word Over a Billion.
The Importance Of the uniting OF the
-wo groups Of railroads under an AMIGA
Die working agreement may be ap-
Dreciated when II Is considered that, in
addition TO the vast systems now under
his control absolutely, Mr.. Hartman
viii have the final advisory word in
Gould properties with a total capitalize
Ion OF 1854. 422, So These lines have a
otal length OF 1915 milec in the middle
West and far West
With the consUmnation Of an actual
working agreement. MI Hartman will
lave obtained the dream OF his life
line, and his expressed ambition OF sew
sral years sgO-the control OF the ma
ority OF the railroad mileage OF tie
latiCn from coast 10 coast. Free out
cts from the Atlantic 10 the PACING
lnder tronclad agreements with Mr..
5ould IN the East will make him the
most powerful factor in railroad trans
'OTtatton IN the world and absolutely
.stsblisn his supremacy.