The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1909-09-10
HOW He DIED.
Continued from Page one.1

that the ma1ady with which he was
afflicted was not durable and 1t was
only question 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 known to the men
whose influence is greatest not only
in Wall street but in the general bust
ness affairs of the country, it was as
sumed by good judges of the situation
that undoubtedly ample preparation
had been made for the eventuality OF
his death or retirement
Mr.. Harriman's death comes at a
time when 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
L be one of the greatest sustaining fac
| tors of American credit. With these
| facts in mind and the general knowl-
| could not long continue his active ca
reer, Wall street had already prepared
| itself for the end. There was no feel
| ing of shock or alarm, therefore, when
| the announcement came, beyond the
sentiment of universal personal sorrow
| and as the hours progressed, it became
evident that there was a general feel
ing of security and even Of serenity as
10 the future.
For a time there was talk among
| the leaders of finance as to the desird-
bility of informally comforting, but
even this precaution was deemed I'M
| necessary. The representative men of
Wall street left for their homes about
the usual hour. Such prominent
figures as J. P. Morgan. Jacob H.
Schiff, James Stillman and George w.
Perkins went to their various homes
without concerted action. They all
expressed feeling of deep personal
regret but most of them desired to
avoid a noffhand or hurried apprecia-
ton of a career son Otablo as that of
Mr.. Hartman.
1t is believed by Mr.. Harriman's
associates that the railroad system
which he organized and carried for
ward to such a degree of success will
be continued with practically no
change of policy and that plans to that
end were perfected by Mr.. Hartman
long before his death.
Berlin Was Prepared.
Berlin, Sept. 1O.-Private cable
grams to banking and brokerage in
terests here yesterday, prepared the
Berlin bourse for the death of E. H.
had been made by the Morgan and
other interests in New York to protect
prices.
The bourse opened with American
securities fractionally off, but the mar
ket generally was firm. The newspa-
pers today contain appropriations of
Mr.. Hartman as the most powerful
personality in American railroad de-
is made to the rapid success of his
career and his financial genius.
Isadore Lowe, the great German in
dustralist, said today that the f1nan-
cial opinion of Berlin was that the
American situation was too firm to be
deeply affected by the death of Mr..
Hartman and that it would immedi-
ate1y readjust itself and move forward
as before.
Said 1t Was Cancer.
Struempell, the Viennese specialist.
whom the late E. H. Hartman came
to Europe to consult now admits that
when he saw Mr.. Hartman in July he
diagnosed his complaint as cancer.
Stocks Open Higher. n
New York, Sept. 10.-The stock
market opened active and strong with
prices generally higher. Southern Pa
cif1c was up 2 II. Union Pacific TX
and Reading g cents.
The opening was strong and orderly
with interest conferred around the
posts where Union Pacific and South
ern Pacific are dealt in.
On transactions of 5000 shares.
Union Pacific opened at quotations of
1877 and 1861 as compared with
194A at the close yesterday. South
ern Pacific. on transactions OF 5000
shares gained from to TX points.
advance of 2A over last night. Other
stocks in which Mr.. Hartman had
large interests, notably Baltimore &
Ohio, Atchison, and New York Cen
trail, showed gains ranging from large
fractions to 1 u. United States Steel
was strong on a moderate volume of
trading.
Rise in London Prices.
London, Sept. 1O.-The death of E.
H. Hartman was anticipated by the
stock exchange, and after a long
period of uncertainty the effect of
the passing away of the railroad
magnate was not as pronounced as
had been anticipated. Prices were
marked down at the opening but the
market was quite unconcerned and it
recovered quickly and well when the
buyers came forward. Before the
market opened several prominent
jobbers made wide prices at one to
two points below parity. Repurchas-
ing by the bears who had sold short
on the chance of Mr.. Harrfman's
count, however soon brought the
market to much higher level. Union
Pacific after. being 1879, ex-dividend
rose to 199%. United States Steel
common changed hands between II n
and 77A, ex-dividend and then
from 124 to 1853.
The belief is general that big Wall
street interests are protecting the
market.
Rothschild Expresses Regret.
London, Sept. 10.=The death of E.
eral regret throughout the financial
district of London. where his work in
building up the railway systems in
America which he controlled had
been greatly admired.
Many of the best known financiers
of London, including Lord Roths-
child, are at present out of the city
but Leopold Rothschild said today: