The Marion daily mirror. (Marion, Ohio) 1892-1912, 1909-09-10
WALL STREET
REMAINS CALM
financiers Prepared For
Harriman's Death.
STATUS OF PROPERTIES
Associates Believe That Railroad
system Which He Organized VIII
BE Continued Without Change OF
PoIiey--Fortuns Estimated at Be.
tween sbo,ooo,ooo and stooyooo,ooo.
Men In All Walks Of Life Pay Trib-
ute 10 HIs Career and Life Work.

Men In All Walks Of Life Pay Trib-
ute 10 HIs Career and Life Work.
New York. Sept. 10.-Following the
expressions of deep regret On Mr..
Harriman's death. Wall street began
to consider the question as to what
the effect might be on the properties
under his control and the financial
world generally. In this connection
II was pointed out that Mr.. Harri-
mans friends and the leaders of the
financial world generally have known
for some months that the malady
with which he was afflicted was not
durable, and that 1t was only ques-
tion of time until, even II he rallied
from the present attack, II would be
necessary for him to lay down the
active direction of the great railroad
fabric that he had built up. AS these
facts were knewn, 1t was assumed by
good judges of the situation that un-
doubtedly ample preparations had
been made for the eventuality of his
death. hl
MIR. Harriman's death comes at a
time when In general the business
AFFAIRS Of the country are in excellent
condition, with realization of those
bountiful crops which he himself, in
one of his last notable interviews,
prophesied would be one of the great
est sustaining factors OF American
credit. With these facts In mind and
the general knowledge that Mr.. Har-
riman in any event could not long
continue his active career, Wall
street had already prepared itself for
the end.
There was no feeling of shock or
alarm, therefore. when the announce
ment came. beyond the sentiment OF
universal personal sorrow, and as the
hours progressed II became evident
that there was a general feeling Of
security and even of serenity as to
the future.
II Is believed by Mr.. Harrimans as
soeiates that the railroad system
which he organized and carried for
ward to such degree OF success will
be continued with practically no
chtnge of policy and that plans to
that end were perfected by Mr.. Har-
riman long before his death.
There were numerous reports cur
rent In financial quarters during the
afternoon concerning the status of
the vast properties under Mr.. Harri-
mans direction, one of these reports
being that his securities of the rail
road properties of which he was the
head had been trusteed and were
held intact for the greatest safety OF
his estate and the properties con.
cerned. However there was no au-
thoritative opinion forthcoming on
this report, or upon the general dis
position to be made OF his property.
Recent estimates OF Mr.. Harriman's
personal wealth have varied all the
way from s50,000,000 TO 100000 900.
He was of course a large nolder OF
securities of the various corporations
with which he was identified, includ.
ing, In addition TO the Union Pacific
and Southern Pacific systems.
Mr.. Harriman's real estate holdings
/ in this city were comparatively small.
His home at Arden Is said TO repre-
sent an outlay OF s2.000,000.
From all parts OF the country there
came flood of tributes upon Mr..
Harriman's career and life work,
from railroad presidents, from bank
ers and from men prominent In all
walks Of business and financial life.
Friends. former business associates
and even rivals OF the great railroad
man spoke as a unit OF his tremen,
dous power for work. As to the prob
able effect of his death on the finan-
cial world there was a variety OF
opinion, but comment was generally
/ rather guarded.