The Marion daily mirror. (Marion, Ohio) 1892-1912, 1908-07-29
HARTMAN
TO THE RESCUE
Drives Another Spike for the
Erie Ry.
A TRAFFIC AGREEMENT
May Soon be Made with Two
Large Roads.
As a Result Of the Agreement the
Erie will Have Entrance to
Western Pennsylvania.

Ohio and Western Pennsylvania
are the traffic producing sections for
entrance to which, on his own terms
Il. H. Hartman is bringing TO a
successful conclusion bitter con-
test with the Goulds.
The contest over the Western Pa
cifc line of the Goulds, while large
In itself, is said to be secondary, in
Harrimans estimation, TO that in
this section.
1t was stated in circles close to
both Hartman and Gould that the
announcement would shortly be
made that the Erie Railroad has
close traflice arrangements with the
Wheeling e Lake Erie and the Wa
bash Pittsburg Terminal. The hand
OF Hartman is seen in this deal In
the fact that he became the virtual
dictator of the fortunes of the Erie
early last spring when, at the criti-
cal moment, after j. p Morgan &
Co. had deserted the ship, Hartman
saved the Erie from wreck.
The completion of this arrange
ment will mean the ending of the
twenty-five-year-old tripaltrite agree
ment on the division of Pittsburg
traffic between the Pittsburg and
Lake Erie, the Lake Shore and the
Erie. The New York Central inter-
ests began to prepare for this
some time ago. by the construction
of the Lake Erie & >Pittsburg line
now partially completed. This road
Will take care of the traffic from
Youngstown to Cleveland in con-
nection with the Pittsburg & Lake
Erie.
All day yesterday George ]. Gould
was in conference with T.. II. Harri-
man and representatives OF Kuhn
Loeb q Co. Nothing final enough to
justify a statement was accomplish
ed, but the conferences are to be
resumed aud 1t was intimated that
a statement would probably be forth
coming after this meeting. II was
allowed to become known that the
wheeling & Lake. Erie's $4,000, 900
note issue due next Saturday will
be provided for ard that Mr.. Har-
riman and Kuhn, Loeb G. Co. would
become prominent in the manage.
ment OF the Gould properties
That the position of Erie will be
Dettered as result of the new ar
rangements was indicated by tho
strength Of the stock yesterday on
the New York Stock Exchange. II
advanced sharply on buying from
INSIDE circles where the informa-
ton was positive that the deal for
Joint control OF the Wabash Pitts
burg Terminal and Wheeling 4
Lake Erie would be consummated
George j. Gould arrived In New
York yesterday on his return from
Europe. When asked whether Mr..
Hartman would become Interested
In the Gould properties, he replied.
There are no more diamonds
left In any railroad mans crown.
'Ihe crown isn't gold. Its only tin
sell Any one who wants 10 come
In and lift II has a chance. can
only say that nothing would give
me greater pleasure than to have
Mr.. Hartman with us. We neeJ
all the help OF able men that we
can obtain"
Mr., Gould also commended the
decision of the United States c;rc,it
court OF appeals In the Standard
OIL case and said that he thou.,
ihe one to answer for oorporai,
was some individual, not
the innocent stockholders
Just what form the Eries rela-
lions with the Wabash lines in
ohio and Pennsylvania win take
Is the question which the meetings
IN New York are considering. II ia
not generally believed that there
VIII be an outright passing of stock
control but rather that for the
present there would be a close traf-
ic arrangement which would
Dc carried out by the con-
'truction of connecting lines to tie
he Erie more closely to the Wab-
ash Pittsburg terminal. The financ-
ng OF the much needed improye-
nents ON the Wheeling & Lake Erie
Ind the cost of additional terminals
needed to give the Wabash Pitts
'urg line access to more of the
onnage of the Pittsburlg district
would be included in the deal. The
hartman and Kuhn. Loeb & Co.
onnections would open TO the Gould
Ines many purses now closed!
cleveland Leader.