The Bridgeport evening farmer., 1909-09-13
MORGAN JR.
 OUT INCOLD The Widely Heralded "Suc- cessor to Hartman" Didn't Materialize STANDARD OIL
 GETS TWO PLACES Rockefeller and Schif New U. P. Directors-Surprise
 for Wall Street Talent
(special from United Press, ,

New York. Sept. 13.-William Rocke- feller and Jacob H. Schiff were to-day elected directors of the Union Pacific deaths of Edward H. Hartman and H. H. Rogers. They were also elected members of the executive committee.
 At to-day's meeting a committee consisting of Marvin Hughitt. Charles A. Peabody and Henry c. Prick was appointed to draw up resolutions on Harriman's death.
 The election of Rockefeller and Schiff to the executive committee increases the members of the committee from five to six. Rogers not having been a member of that committee. while Har- rtman was.
 Ex-Judge Robert S. Lovett was ap- pointed chairman of the executive committee.
 Wall Street was surprised at the election of Schiff and Rockefeller. be- lieving J. Pierpont Morgan. IT.. would be named by his father. The fact. however. that MT. Morgan did not name his son to the board does not mean that his word is not tantamount in the affairs of the road. according to Wall Street views. There can be interests in Union Pacific are inn mense. nor that Morgan. at Harri- | mans invitation. visited the dying fnancier at his home in Arden on Thursday a yeek ago and promised to take up the work of controlling the finances of the Hartman system. It was believed. however. that he would appoint his son to the board and take an active voice in the man agement of the system. instead of re- maining in the background. It ap- pears. however. that Morgan's control of the road will be sub rosa. although absolute.
 Schfff one of the men elected to- day. represents the great private bank ing firm of Kuhn. Loeb & Company. which has always financed the Harri- man deals and which is an important factor in the Hartman system: Schiff wds the closest personal friend Harri- man had and it was Schiff who got Hartman not to enforce his rights to call stock at tremendous figures dur ing the Northern Pacific fight. Schif S | election means that Kuhn, Loeb & Company will continue to have a strong voice in the management of the | road it helped Hartman build up. Rockefeller was placed on the board by the Standard Oil interests. At Harriman's death Standard Oil, with | other big interests. threw millions o1 dollars into the stock market to bol- ster up Union Pacific. Standard Oil has always had an important interest in this vast property.
  the official breach caused by Harri- mans death, with the exception of the presidency, which it is understood, is likely to be left vacant for some time. The general policy of the manage n,ent will be shaped by the executive committee, under the chairmanship of ex-Judge Lovett. It is generally be- lieved that an able operating official will be the ultimate choice for presi- dent. The election of Rockefeller and Schiff sets at rest the insistent ru-
 nors that J. P. Morgan, jr., would en- ter the board.
 A meeting of the directors of the Southern Pacific has been called for to-mororw. It is expected that Judge | Lovett will also be elected chairman of the executive committee of that company to succeed Hartman. It is thought probable that Schiff or some member of his firm will succeed liar riman in the directorate.