Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1909-09-16
WILL NEVER KNOW CAUSE OF
| DEATH
OBITUARY OF Mr.. HARTMAN
Is07-Dcgnn Work ~ Errnnd hoy
in n brokers ONCE

1so7-BcRnn Work ~ Errnnd hoy
in n Brokers once.
New York. Sept. 9.--From early
manhood commanding figure in a
widening circle OF Wall street activity,
II was In 1897 that Edward Henry
Hartman gained n foothold by which
he lifted himself to a place among the
half dozen financial giants OF the age.
Union Pacific stock was going beg
ginR and Hartman, backed by Kuhn.
Loeb e. Company and Standard OIL
interests, undertook is rehabilitation.
He secured a controlling interest, re-
organized the management. ana
through his transccndent genius, con-
vcrted tho bankrupt company into
one of the best dividend payers In
this rehabilitation and later when he
took bod of the Southern Pacific.
IIarrimens policy was one Of lavish
expenditure. which made the proper
ties as near physically perfect as pos
sible. The matter of dividends was
allowed to wait upon their perfection
This policy has been continued on all
the Hartman lines and to II has been
|
les adjacent 70 tho properties and
which contributed or could be made
to contribute to their welfare.
FIGHT FOR NORTHERN PACIFIC.
Harriman's most spectacular per-
formancc and which made his nnme
familiar to all the readini- public wa.
In May. 1901. when he struRgled with
| be Nd t,to
troll of tho Northern Pacific On May
. Of That year tho historic Northern
Pacific corner resulted in tho stock
Of the company going to $1,000. AZ
the "show down" Hartman produced
s1S.000.0o0 In stock ont OF total OF
s155,0oo.n0o. However. the Till-Mor-
gan people held the whip hand
through bylaw OF the company
which permitted the retirement Of pre-
ferred stock AZ another time. OF his
holdings s4l.o0o.ooo was preferred. hu,
Hartman secured compromise and
he and some OF his associates were
elected to the Northern Pacific dircc-
torate
Harriman's success was not without
carly struggles. He made his dcbu
was made director of me Illinoi:
Central railroad. He was then wortt
81 900 600 He established close cola
tons with James Stil,man and becam.
a member Of the banking nrm a.
Loeb, Hartman 6: company. He alrc
, formed n business alliance with Jaco,
II. Schir md his influence in Wal
street grew rapidly. In 1894 ne nj.
tempted n reorganization Of the Erie
railroad md became involved In
Eight with J =. Morgan intcrosts r.
this struggle Hartman was soun1ly
whipped T'ndnuntcn lie SGT about e
learn the railroad business IN n wa,
70 make him n master. and so equip
ped himself FOR tho successful under.
taking with the T'n'on Pacific. thre,
! years later
WAS a MINISTER'S SON.
Mr.. Hartman was born in Hemp
stead. T.. T., February %. 1915. tn,
third son ~ Rov. Orlando Hartman
Jr.. rector Of ST. Georges Episcopa
Church at Hampstead. The famil,
were in humble circumstances. an(
the youth worked hard for the Iittl'
employment as IN GRAND boy in !
brokers Office in Wall street AMI b."
fore he was 81 years old he hat
bought seat on the New York ex
change for 100000
He learned his elementary lesson:
, in finance In the school Of Jim Fisk
1ny Could and Old Commodore Van
dcrbilt. and emerged a broker on hi.
own account devoid ~ sentiment r.
business as was shown later when h,
fought and ousteA from the presidon
cy OF the Illinois Central. Stuyvesan
Fish. a man who had done as much :,
help young Hartman on hts caree,
and who wears before he had made
vice president ~ the road When III,
insurance scandals Of 1905 broke out
Hartman was q director ~ tho Fqui
table Life Assurance society OF whicl
his friend James Ha,en HYDE owne,
a control OF stock. Hartman wa
IIyde's closest advisor In the nigh
which was made to displacc HYDE /,
his control and many have said tn
result might have had diYeren
color. Mt least, had Hyde not Mt tn,
last moment turned upon Hnrrima,
and charged him with being an enem,
in the guise Of n friend. seeking Il
take Hyde's place In the Equitable
When James r. Ryan turned up
- couple months later as the owner o
. the Equitable, Hartman said he wa
y, disappointed. and admitted befor
the Armstrong Investigation committee
that he had expected to buy It 70
himself
: THE HARTMAN FAMILY.
Outside Of his business. Hartman
found time or cared for little but hi
e family and "A single hobby--the build
@ Ing Of great estate. Tho metamor
e phosis OF his place at Arden from
s rocky country forest into King
o park with a palace atop It's crest 4
we'll known.
Mr. Harriman's wife was Miss Mar!
Averill OF Rochester. n. y, who's
father W, j. Averill. banker, wa
: largely Interested In the Rome Am
> sterdam & OEdensburg railroa,
i. Five children were born to the uniol
q three girls and two boys The cid
4 est daughter is the wife Of Robert l.
4 Gerry. son OF Commodore Elbridge 7
9 Gerry. The second daughter In Mary
I and the third Carol. The eldest sol
Walter Averili Is Just out Of collex
and Is learning the railroad business
The Youngest, Roland. is "A years oil
and stili In school,