Omaha daily bee., 1909-08-25
Stock Market Practically Stands Still
as Boat Approaches.
TALKS TO REPORTERS ON CAR
His First Reference is to New Laws
and New Office Holders.
WILL BUILD MORE RAILROADS
Tributary Lines VIII lie Extended
Into New TerritOry-surpIus
Earnings 20 ne Used for
This Purpose.

NEW YORK, Aug. A-Edwerd H. Harri-
man, genius Of finance, leader Of men and
master builder of railroads came back to
the United States today while the financial
world stood on its tiptoes in anxiety and
expectancy He came back he left, on
June l. last sick tired man. seeking
health. Tonight surrounded by his family
at his magnificent though uncompleted
summer home at Arden on the Hudson he
has begun the after cure" which he
reeds after the enervating baths and
dietetic treatment he underwent at the
Austrian resort Bad Gastein. How long
he will remain in seelusion, how long II
will be before he resumes the active d.
Tection of his vast railroad interests de-
pends solely upon his health He arrived
today feeble. face gaunt and voice weak.
And have come home" he said, 'for
cure and not for work"
Many great Americans have returned to
their country under extraordinary circum-
stances. but never has there been a more
remarkable Homecoming of private citi-
zen than E. II. Harriman's. Great stock
market operators paused his ship drew
near the stock market itself marked time
and the industrial world turned its eyes
seaward, as it were. eager for a glimpse
of the man whose illness abroad has fur
nished much material for stock market
rumors.
Lands at HobOIken.
Contrary to expectations the financier
did not leave the Kaiser Wilhelm II down
the bay. but remained on board until the
vessel docked at Hoboken Then after
being assisted ashore he boarded South
ern Pacific tug and was taken to Jersey
City, where he was again assisted to his
1 rArfx 20 urApa krgw
quickly made up the Hudson TO his noun
tain. home at Arden.
Although he flashed ashore a brief mes
sage OF optimism at the request OF the
Associated Press and conversed for a time
with interviewsrs after the Kaiser's ar
rival at quarantine 4 was not until he had
come ashore, been transfsrred from Ho-
boken to Jersey City and placed comfort
ably in his private car that Mr.. Hartman
talked freely about himself--his health aud
his hopes OF early recovery. Then, reolln-
ing a couch. pale and snfeeblsd, but
with his usual optimism and tenaoity of
mind, he talked to an audience of more
than a score Of newspaper men before leav-
! ing for Arden.
Talks to Reporters.
He began by apologixing for his recum-
bent position while talking saying that
while he had taken his meals regularly all
the way over. just before he reached
quarantine today he was attacked with
nauesa. This, he said. neoessitRtsd hs
lying down.
Rr. Hartman discussed things trivial and
pertinent and spoke lightly Of the trying
ordeals which physicians had prescribed
for him abroad
II am entirely satisfied with my trip
abroad, as far as my health is oonosrned,"
he said, and have nothing on my mind
except to come home and take the after
cure lost ten pounds while over there
and for a little fellow like me that is a
great deal"
Lying back on a pillow, his pale face
seeming even psler In the artificial light
of the car, Mr.. Harriman's quaint humor
and oheerfulness OF mind was in marked
contrast to his physician condition. As he
talked his wife and Judge r. s. Lowell,
vice president and general counsel Of the
Union Pacific, stood close By and gently
admonished him not TO overtax his
strength. But Mr.. Hartman waved them
aside and continued to talk. His voice was
weak and he asked from time TO time IL
those farthsst from him could hear
Comes Home to Rest.
'"rhe doctors advised me to come home
tended at first that I should rest abroad"
HOre he smiled wanly and went on. The
photographing those doctors put me
through was worse than upon my
arrival here-for they X-rayed ne and did
everything they could"
Turning to railroad matters one OF the
first questions asked concerned his Adop-
ton on a controlling interest IN Now
York Central stock, an option which would
give him with his other roads an un-
broken line OF steel east and west from
cooast 70 coast.
That is an easy one," said the finan-
cisr smiling, but would not tell you II
had"
Here he took the lead again himself. II
expect to find more Offioeholders than
stockholders now" he said. There arc
more new laws and they never seem 10
displace the old ones; new laws mean new
officeholders to administer them"
''Do you refer 10 The corporation taxf'
he was asked.
reply.
Not q SpecuIatOF.
Sitting up and smiling pleasantly, Mr.
Hartman INDUCED in a few "reminiscences
Three years ago I was called specu-
lator." he said. That was when Union
Pacific was placed on 10 per cent divi-
dend basis and Southern Pacific on a per
cent dividend basis. / had a hard time
convincing my associates that the roads
could pay dividends, but l had come to
realize that we were building not better
than we knew. but quicker than we knew
II was difficult for me to comprehend
that the development and returns which
followed our construction work in the west
were so enormous and so rich"
do you mean TO put the surplus earn
ings into the roads, rather than to turn
them over TO the stockhOlders2" he was
asked.
Yes. that's about It." he said 'that is
my pla --'-Sss.EActi0R and dsvslopment--