The Montgomery advertiser., 1909-09-10
MAaNATE'S DEATH WILL
 NOT EFFECT WALL STREET

New York. Sept. Swallowing the expressions of deep regret on MT. Har- riman's death. Wall Street began to consider what the effect might be on the properties under his control and the financial world generally.
 It was pointed out that MT. Harri- mans friends and the leaders of the financial world generally have known for some months that the malaay with which has was affiicted was not curable. and that 1t was only a question of time until. even if he rallied from the present attack. it would be necessary for him to lay down the active direc- ton of his great railroad fabric. As these facts were known, it was assumed by good judges of the situation that undoubtedly ample preparations had been made for the eventuality of his death or retirement.
 MT. Harriman's death comes at a time when. in general. the business affairs of the country are in excellent condition with a 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 knowledge that MT. Hartman, in any event, could not long continue his active career, Wall Street had already prepared itself. There was no feeling of shock or alarm when the announce ment came. beyond the sentiment of universal personal sorrow, and as the hours progressed, it became evident that there was a general feeling of se- curity. and even of serenity, as to the future.
 Need No Conference.
 For lime tharp was soma talk among the leaders of finance as to the desira bility of informally cohferring, but even this precaution was deemed unnecessary. The representative men of Wall Street left for their homes about the usual hour this evening. J. P. Morgan, Jacob H. Schiff James Still man. George W. Perkins and others went home without concerted action. All expressed deep personal regret, but most of them desired to avoid an off- hand or hurried appreciation of ca reer so notable. It Is believed by MT. Harriman's associates that the railroad system which he carried forward to such a degree of success. will be con- tinued with practically no change of policy, and that plans to that end were perfected by MT. Hartman long before his death.
 Numerous reports were current in financial quarters during the after noon concerning the status of vast properties under Mir. Harriman's direc- tion, one being that his securities of the railroad properties of which he was the head had been trusteed and were held intact for greater safety. How ever. there were no authoritative opin- ions for the outcoming of this report or on the disposition to be made Of his property.
 Possessed Vast Wealth. <
 Recent estimates of MT. Harriman's personal wealth have carried all the. way from $50,0o0,o00 to $100.oo0, 900. He was a large holder of securities of the various corporations with which he was idetnified, including in addition to the Union Pacific and Southern Pa- cifc systems. over a score of smaller. or tributary properties, not only in this country but in Mexico. Report credited him with large personal hold ings in the Atchison, Topeka and Santa Fe, Baltimore and Ohio. Delaware and Hudson, Erie. Illinois Central. New York Central, and Pacific Mail Steams. ship Company. His holdings of Brook-' lyn Rapid Transit stock and bonds were very large a few years ago, and these have probably been increased. He was reported to have been the largest individual stockholder in the Wells-Fargo Express Company, which only recently acquired virtual monop- oly of the express business in Mex leo. s-
 MT Harriman's real estate holdings in this city wese comparatively small. His home at Arden is said to represent an outlay of over s2,000, ,000A