New-York tribune., 1909-09-11
COMMENT IN Paris.
Papers Surprised at Mr. Harriman's
Po1cer-Mr. Gary's Estimate.

Paris. Sept. Accommodating on the death OF E. Fl.
Hartman yesterday the evening papers Of Paris
pay tribute TO his great achievements, but they
greatly surprised that such influence could be con-
centrated in the hands OF q single individual
''In France we are unable TO understand one
paper says that the life death of single man
not only create revolution in Wall Street. but
shake the markets of Europe. Fortunately, Paris
is only slightly affected in spite of the recent ef-
forts TO subordinate the market here TO American
influences
The journal des Debats" says that Mr.. Harri-
man naturally made enemies because business is
the of getting possession of other peoples
money. It expresses the opinion that Mr. Hartman
was victorious in his fight with Theodore Roose-
velt and says that Mr. RooSevets campaign
against the trusts has been without result and is
practically abandoned.
Although the Paris -Bourse for several days has
been hanging anxiously news OF the condition
Of Mr. Hartman, the announcement of his death
did not create a shock Prices opened and re-
mained steady, In some case showing Improvement
over yesterdays close.
HIS POWER RECOGNIZED.
Among French hnanciers Mr.. Harriman's power
and capacity were widely recognized. but the gen
eral feeling is to-day that the United States is so
rich in resources and its productive capacity is so
great that the death of one man. no matter how
farreaching his interests will stop the onward
march of the country's prosperity. The view that
Americans interested the markets on this side of
the water take is best shown by the fact that
offices OF bankers and brokers doing business IN
American securities had a predominance this morn
ing Of buying orders.
Although most OF the American hnanciers who
have been here this summer have already left
Paris those remaining, like Joseph Wood, vice
president Of the Pennsylvania Railroad: Otto H.
Kahn of New York; George F. Baker. of Chi
cago, and E H. Gary, chairman OF the board of
directors of the United States Steel Corporation.
generally consider that the effect Of Mr. Harri-
mans death on the market will be temporary and
slight They agree on the predominant position
Mr. Hartman occupied in the railroad world Of
America but they say his properties could not have
been left In better condition. and that they will
fall into good hands. Mr.. Harrinan's death was
almost completely discounted. Generally speak
ing they expect that the estate will retain the
greater part of the holdings. and that the remain
der eventually will pass into strong hands such as
J. P. Morgan the Rockefellers Kuhn, Loeb Co.
and the National City Bank. who Will work in
harmony with the other great interests OF the
country.
MIR. GARYs ESTIMATE
Mr.. Gary said to-day:
all who were acquainted with him Will agree His
talents We're applied especially to the management
fiuence in financial circles was important it is
doubtful II he he was interested & IN the speculative
ued 10 him. Although he at times a large pur-
chaser of securities for investment or control and
therefore an important influence in Wall Street.
during the last few years he devoted himself prin-
cipally TO building up for permanent successful
operation the great railroad systems with which he
was d and in whose sc Policies his MS Y9ifH was
perseverance and the patience he possessed and
brought bear these interests have placed them
in condition which insures them against the pos
sbility of failure IN the future.
Mr.. Hartman aggressive and sometimes
he excited the displeasure and criticism of his
acquaintances but ne most earnestly desired peace
and friendship with all His death undoubtedly
will be keeny felt in the business world and 1t
temporarily affect adversely conditions
but big and influential he the great and
growing prosperity Of the country cannot long be
interrupted by his death.
Conditions and prospects never were better
Fortunately the affairs of the concerns with which
Mr., Hartman was particularly identified are in
good hands Men who thoroughly capable and
familiar with every detail of the business and who
know and understand the policies which make
for success are in control and will remain in
charge.
II were to pay personal tribute to Mr. Harri-
man l would say he a good friend TO those
he believed 10 be his friends. lie kind. gen
and friendly in his relations with these Deo-
pie, but his most admirable characteristic was
his affection and Considerate regard for the mem
bers OF his family.