Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1909-09-10
WONDERFUL STORY
OF HARRIMAN'S LIFE
Continued from Page One.

He issued millions in bonds to develop the
road sold the bonds to himself and his
friends, cleared $30.0O0.O0O on this deal,
thus making the Alton cost him only
about SO, 100000.
This transaction aroused Wall streets
admiration 1t was to be several years
yet before the public heard much more
about him.
Poor old Union Pacific was Harriman's
next venture This road, built with govs
eminent help. which, to state it mildly,
was most generous, had gone to seed.
1t owed the government $50, OOO,O OO and
couldn't pay. The government had fore
closed, and was operating it under a re-
ownership. Hartman, the borrower, got
SOS, 100000 and bought the road.
HIS DREAMS COME TRUE.
Then Hartman began to make his
dreams come true. He went over the
road like a physician, doctoring it's ply
steal and financial ills. One great han
dicap 1t had-no outlet to the coast. So
it extended only from Kansas City on
the east to Ogden in the west. Then
Hartman went after the Oregon Railway
g. Navigation company and the Oregon
Short Line and got them. This brought
him into Portland and within striking
distance of Puget sound.
Now he turned south. Old Coils P
Huntington builder and president of the
Southern Pacific and Central Pacific,
was resting on his laurels. Hartman
mOdestly wanted the Central Pacific
which ran from Ogden into Frisco.
Huntington laughed at him, of course.
So Hartman started another company
to build a parallel line Huntington died
before this plan could be carried through,
but the bluff worked with his estate, and
INN n iof o1x 81,
S. p and the c. p.
This added $500 miles to the Hartman own
erSnip mt one stroke and Hartman became a
national figure.
Great Northern merger. Hartman, modest
always wanted in this Jim IIIll waved
him aside. So Hartman took the offensive
by going after tho Northern Pacific. The re-
suit was the greatest railroad fight Wall
street ever saw. 1t was Morgan and Hill on
one sde-c combination to daunt anyone but
Harriman-and tho lone broker and his powerful
backing winch believed in him. on the other
hand. A-.....
hammered mp to 200, 300, 400. 500, 1000 a share.
Great fortunes were wiped out. In that pitt
less struggle millionares toppled and fell 1t
was Jacob II. Schiff. of Kuhn. Loeb * Co..
Harrimau's most effective bnckers, who on his
knees begged the master raider to lay Off.
7S.OO0.0OO OUT OF 155. 900
But before Hartman had stopped he had
7S.0o0OoO out of $4,000 0O0-1 900 better than
stock, which might be retired. And HIN ana
control OF STOCK. But part OF THIS was preferred
Morgan held the power of retiring the stock.
It WAS alternative between n lawsuit and a
compromise. Hartman compromised. getting
representation on the board of directors of the
. Burlington.
The Santa Fe was another rich road waiting
for someone to grab it off. 1t was independent
in policy. being run from the general offices
instead Of stock ticker. and Hill. the GoudS
and the Rock Island people all coveted 1t. But
again Hartman got away with the prize,
curing control in 1906.
1t was in the same year that he got half
interest in the San Pedro line. the road Senator
Clark put in from Salt Lake City to Los
Angeles.
FISH EVEN DECEIVED
Even such a keen Judge Of men as Stuyvesant
Fish. ruling the Illinois Central was yet to be
deceived iT Harriman's foxy tactics. Fish. a
benefactor of the wizard. had put him in the
practical end of the railroad game. Fish's
pride was the Illinois Central. Hartman
though personally friendly to Fish, reached out
for control. and of course got II. Fish was
depOsed after as stormy an internal fight as
ever was waged in a roads inner circles.
Fighting to the last ditch. Fish quit game
Harrimsns man. ]. T. Harahan. Fish's former
aid. was made president Of the road
When ex-Presiient Roosevelt writing
volrmiaous things about malefactors of great
wealth. Mr. Hartman had "hunch" that the
president saying things about him.
Hartman had raised a large sum for the Re
riihlican campaign in New York I'm 1904. the year
Roosevelt for president for himself. When
the trough rider making his hardest
cracks at rich Indicators. suddenly there APP
peared In publication number Of stolen letters,
correspondence bet .7een Hartman and Roosevelt
In 1904. in which the president put himself and
Hartman in the ranks of practical men,"
Harrimen's health began to fail in 1908. In
The spring Of 1909 he went to the southwest on
health trip. and returning in no better con
dition. soon left toc Europe. There he cxpe
riepced little relief. and returned to the United
States late in August.