The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1909-09-17
ROBERT S. LOVETT
NAMED TO SUCCEED
LATE Eth. HARTMAN
DISTINGUISHED LAWYER BE
COMES CHAIRMAN OF ExEcU-
TIVE COMMITTEE.
OF The UNION PACIFIC ROAD
Stood Closer to The Dead Mag
nate Than Any Other MAN..
p. Morgan Took No Hand in
Election.

NEW YORK, Sept. 14.-Robert S.
Lovett, vice-president and general
counsel Of the Union Pacific Railroad
Company and the man who for several
years has been probably closer in
touch with Edward H. Hartman than
any of his other associates, was elect
ed chairman of the executive commit
tee of the Union Pacific to succeed
Mr.. Hartman, fifteen minutes after
the directors assembled in a special
meeting at noon Monday.
At the same time the directors
elected Jacob H. Schiff to succeed Mr..
Hartman on the board and elected
VIM. Rockefeller to fill the vacancy
caused by the death of H. H. Rogers.
Both men were also elected to the
executive committee of which Judge
Lovett was already a member. Mr.
Rogers was not member of the COM
mittee, but the membership was in
creased from five to six, and that
made place for Mr.. Rockefeller.
The election set at rest rumors that
had gained strength in the financial
district to the effect that j. p Nor
gan & Co., were to take a hand in |
the affairs of the Hartman roads and !
that ]. P. Morgan, Jr., or some other |
representative of the firm, would be
elected to one of the vacancies on the
board of directors. With the present
executive committee which does the
financing for the Hartman roads,
composed of Judge Lovett, Mr.. Schiff,
Mr. Rockefeller, Henry Frick Marvin
Hughitt, president of the Chicago &
Northwestern; and Frank A. Wander
lip, president of the National City
Bank, it is distinctly a Kuhn, Loeb
Standard Oil board, with the members
evenly divided. 1t is possible that
of the Morgan inter-
ests may be elected at the annual
meeting in October.
No action was taken by the directors
oward filing the presidency of the
Union Pacific, and it will probably re-
main open until the annual meeting.
t was the general opinion that L. P.
Ioree, president of the Delaware &
hudson whom Mr. Hartman had fire.
uently characterized as a model rail =
DAD man, will be chosen Tor the ',
lace. y
If the directors do not go outside of y
ne Union Pacific staff for president,
he officials will probably be julius G.
ruttschnitt the director of mainte-
ance and operation of the Hartman u
mes, who knows more about how Mr.. %
arriman would have his old roads
IN than any living man. 1t is con- ~
dered likely that the president of the -
MON Pacific will have his Office in -
e west, somewhere between Chicago w.
I'd San Francisco. III
Wall street was not altogether sur W.
Used over Mr.. Schiff's remittance
to the Union Pacific board. His r
ection in spite of his announcement
rec years ago that he was done with
ilroad directorates, was thought to
We been the result OF Mr. Schiffs
sit to the railroad mans bedside at
den few days ago.
1t was reported in Boston that
lhn, Loeb & Co., had bought AGO. 900
lion Pacific shares for voting pur-
ses, the books fr the annual cleo =
n closing today. The prevailing
lnion is that the new Union Pacific
ard will devote itself exclusively to
1t road and will conduct 1t so as to
re the stockholders the largest pos ~
lie results. 1t is assumed in Wall
eet that the days when the Union
cific board ran other Hartman
es and was reaching out for more
rriman railroads is over.
sta