The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1909-04-29
STORY RECEIVES CnEDENCE
IN NEW YORK CIRCLES
Timed With Washington State
InSnt Of New Move Under
Sherman Act

ffftf t@A' - tAthAA "A tfN Ataft
ment Tint Edward H. Hartman vii
lry 10 organise a great securities hold
Ing company, which shall also be .
central operating company TO. al New
York Central lines, received credence
here because Il Is known % be IN ac
cord With the Hartman policy OF hand
ling railroad properties
II ia thought 70 be Significant that
the story leaked" a the particular
I time that an apparently inspired state
ment from washington was given 10
the press 10 the effect that the new ad
mlnlstration purposed either trying 10
enforce tho provisions Of the sherman
anti.trus, act with regard 90 railway
consultations or TO bolster this Acl
up IN way 10 make II respected BY
giant corporation builders
The question Is being asked. Ibid
Hartman know that publicity was no
be given the statement, and. It 50, was
the merger story permitted 70 leak
with a view Of drawing the FIRE Of the
goycrnmtaty" It is thought 60 be not
unlikely that Hartman desires %
know now the Department Of Justice
would View billion dollar corpora.
tlon formed for the purpose OF merg.
Ing more effectively the New York
Central Ines, and took this way 70 hnd
out.
Views of Hartman Aid.
However this may be. there II no
question that the Hartman lawyers
are working on merger plan. bul
whether Il ever becomes matter VI
record may depend largely upon the
attitude OF the government One Of
Herrlmans lieutenants said yester.
day;
"lu a recent interview Ar. Hartman
stated thai It was only by consolda.
lion Of railway properties that new
operating economies could be eFected
and that railroads which could be pHt
together 70 form one continuous trans.
norialion route should be permitted to
consolidate
Furthermore, he expressed he
opinion that The government should
encourage the consolidation Of such
lines In tie interest oi better service
% the pshlic and OF lower freight
rates The history Of tie Hartman
roads las proved eOncluslVely that
marked economies can be effected b
unhfleallon Of railway systems under
one management and that such miti'
cation usually hes resulted Ia q redue.
lion In freight rates
The history 0f The Union Pacific
If said, to show what results can PC
obtained by the Hartman system 0i
consolidation OF the financial, operat.
ing traffic and construction forces ol
several connecting railroads BY q
security ownership aggregatlng nearly
$500 ,D00,aDO the Union Pacific road
practically controls The other lines 1i
the Hartman system and Is. IN ef'
feet. the holding company f0f them.
The Hartman methods applied to this
road haAa nearly trlpled It's reYenne
since Jane, 1898. In that year II re-
cevad returns aggregatng more than
$50 100000, aud IN 1907 is returns ae
gregated nearly SSg.000.000. During
the saiit time the Southern paethcs
income has Increased from about $780,.
900 600 to sf30000, 600. 10 ell, some
1857 100000 has been expended on the
fiarriman system, until i has become
the operating marvel Of current times
Danger spots IN Plan.
II Is figured out BY the Hartman
people thai Il the Pennsylvania organ.
lzatlon will stand the test which the
government may purpose 70 apply to
al railroad corporations. such com
pany AZ it Is desired 10 organize for
the New York Central lines would do
SO with The Nickel FlGts cut u the
combination. The danger spots In the
organization are. Of course. tho Mich.
lean Central and the Lake shora and
the New Yo@k Central and the West
shore.
The Michigan Central completes with
The, Lake shore for through buainces
from Chicago. where both have ternF
nails ana from all points west OF Chi.
cage 10 Buffalo aud the aeahpnfd.
while the west shore cumnetea with
the New York Central Tor seahoaNl
traffic from Buffalo and points wesl
Of nuRalu II the government should
succeed III having tho Hniau Pacific
and the southern Pacific roads. asarl.
Pray weatwara ag flpy DO more lhan /
l160 mli Rnali declared hy tho courts
70 y parallel and competing llnus nl
mad hetasse they compete for traffic
eIom the seaboafh, then Il is conceded
that there would be little ehanea En
1alnlain The four New YORK Central
limos under one management OF aha
FAnh0ndle and The sort Wayne roads
|ni tbs nennsylsanla comblnnlioh.