The Morris County chronicle. [volume] (Morristown, N.J.) 1877-1915, 1909-01-19
OWNERS or THE RAILROADS
Hartman, the Leader, With Stock
Worth S116,247,5OO.
Kuhn, Loeb & Go. Next Greatest
Holders OF Railroad Securities
in the United States.

is the largest INDIVIDUAL owner Of
railroad stocks in this country, ac-
cording to list of the principal
stockholders of the leading railroad
systems in the United States, pub
lished in the Wall Street Journal, in
which the amount of his holdings Is
given as 6,247,500, par value.
The list is not up to date, the names
of the stockholders and their holdings
being as they stood prior to July,
1908, but they are stated to be APP
proximately accurate. Mr.. Hartman
does not appear as stakeholder in
several roads in which he is known to
have large interest, such as the
New York Central, the Erie and the
St. Paul, the figures given being those
of his holdings in Union Pacific and
Southern Pacific alone The list con-
tains many surprises, showing in
some cases that the control is not
where it was supposed to be, and in
others that the holdings of the domi-
nant interests are larger than has
been generally believed.
The firm of Kuhn, Loeb & Co. is
shown to be, next to Mr.. Hartman.
the largest owner of railroad stocks
in the country, it's total holdings be-
ing given as S64.100,000. all in Union
Pacific and Southern Pacific stock. ].
P Morgan appears as the holder OF
only $507 900 of stock, this being In
the New York, New Haven and Hart
ford, but two clerks in his office are
given as the stockholders of record of
$20,500,000 of Erie common stock,
which probably represents the hold
! lv,ry ~ ~. ~.
E. H. Hartman appears as the
owner of $75, 900, 900 Southern Pa
cific common and $30,000.000 pre-
ferred, but these stocks are actually
owned by the Oregon Short Line.
With Mr.. Harriman's holdings of
Union Pacific the case is different.
Here he appears as the owner of $10,-
100000 common and his bankers.
Kuhn. Loeb & Co., as the owners of
$29, 100000 common and $20,600,-
900 preferred. In addition to these
blocks many millions are carried in
the names of bankers and brokers
with Hartman and Kuhn-Loeb afilia-
tions here and abroad. and it appears
thsst the aggregate of their holdings
~ not far from 800, 900, 1000 of both
common and preferred and that stock
control is secure in their hands.
Mr.. Hartman does not appear on
the books as holder of New York
Central, and Union Pacific's owner
ship of $14 900, 900 is carefully COW
cred Apart from this the most in
| teresting fact in connection with the
Central list is the stock interest of the
Vanderbilt family. w X. Vanderbilt
is down for $10,O00,0O0 and other
members of the family have $4,000
600 more, so that the impression that
the Vanderbilt's had sold most of their
Central stock is erroneous Neither
William Rockefeller nor James Still
man, both of whom are directors, ap-
pears as a stakeholder, but there is
tangible evidence of Standard Oil in
terest in the holdings of c. w. Hark-
ness, which amount to $3.50, 900.
John S. Kennedy is the largest reg
! istered holder of both Great Northern
and Northern Pacific, having $1,000
! 900 of Great Northern and 100000
600 of Northern Pacific. James J.
Hill has $4,000 900 Northern Pacific
and $2,0O0,000 Great Northern. In
Great Northern other large holders
are Lord Strathcona, $2,8S0, 900;
James estate, $3,225, 900; Clark,
Dodge C Co., $2,350,0O0; George F..
Baker, $2,800,O00; Edward Tuck,
| $2,400,000; Margaret c. Howard,
London, $1,700,0O0. In Northern
Pacific other large holders are George
F. Baker, $3,O00,000; Clark, Dodge
& CO., $3,100,000; Moore & Schley,
| $2,200,000; James estate, $3,280,-
600; Lord Strathcona, $4,000, 900;
Margaret Howard, $1,990,000.
Henry G. Frick with $4,320,000 is
the largest holder of Pennsylvania.
and the Mutual Life Insurance Com
pany and the Adams Express Com
pany with 100000 and $2,700,000
respectively are next on the list. The
estate of the late president, A. J..
Cassatt, has but S750,000. The larg-
est foreign holding is that of the Di-
rection der Disconts Gesellschaft, of
Berlin, $4,32O,O00.
The Mutual Life Insurance Com
pany also appears as the holder of
$3,564,00O New Haven stock and ST.
100000 of St. Paul preferred. It's
holding of New Haven is the largest
on the list. The American Express
| Company has $2,349,U00 New Haven
stock, and other large holders are C.
Pratt & Co., $1,046,000 l.. c. Led
| yard, $2,O54, 900; Pennsylvania Rail-
road. $500, 900.
The Standard Oil party and brokers
commonly associated with it appear
as the big holders of st. Paul The
Erie list shows block of $14,5O0,-
goo common in the name of w. b.
Horn and 100000 common in the
name of Gordon Brown. More than
SIG, 100000 of the common and pre-
ferred stocks is in the names of four
| London houses
H. G. Prick, as in Pennsylvania, is
the largest holder in Chicago and
Northwestern aud Norfolk and West
ern, having 100000 of the former
and $6.S0O,000 OF the latter. The
Vanderbilts have about $4,000, 900
Northwestern; Frank Work, $3,491,-
600. and the American Express Com
pany. $l,470.0O0. OF Norfolk and
Western an Amsterdam institution
holds $2,712.000; s. Hayman, 3d.
h764.00O: e. S. Steinam, SIS, 900 900,
i and the Adams Express Company,