Daily press. [volume] (Newport News, Va.) 1896-current, 1909-09-10


ests for control of the Northern Pa
cific On May of that year the his
toric Northern Pacific corner resulted
in the stock of the company going 10
$4,000. At the show down" Harri-
man produced s7S,O0O,O 900 in stocks.
However, the Hill-Morgan people held
the whip hand through a bylaw OF
the company which permitted
the retirment OF preferred
stock at any time. or his
holdings. s41.OOO,OO0 was pre-
ferred. but Hartman secured COM
promise and he and some OF his as
sociates were elected to the Northern
! Pacific directorate.
Debut as Railroad Man.
Harrimans success was not With
out early struggles. He made ms
debut as railroad man in 1888 wher
he was made a director Of the Illinois
Central railroad He was then worth
million dollars. He established
close relations with James Stillman
: and also formed a business alliance
with Jacob II. Schiff. and his in
auence in Wall street grew rapidly.
In 1894 he attempted reorganization
OF the Erie Railroad and became IN
volved. in a fight with J. p. Morgan
interests.
In this struggle Hartman was
soundly whipped. Undaunted he set
about to learn the railroad business
in a way to make him master.
Son of Obscure Clergyman.
Mr.. Hartman was born in Hemp
stead. l.. l.. February %, 1S4s. the
third son Of Rev. Orlando Hartman,
Jr.. rector of St Georges Episcopal
church. at Hampstead. The family
were in humble circumstances. and
the youth. who was TO become a null
millionaire. knew no luxuries ana
worked hard fer the little education
he received.
At sixteen he found employment as
an errand boy in brokers' office ID
Wall street, and in 1870. before he
was % years old, he had bought a
seat on the New York Exchange ana
paid for it with $4,000 he made in
| speculation.
/ He learned his elementary lessons
in finance in the school of Jim Fisk,
jay Gould and old Commodore VAN
derbiIt and emerged a broker on his
own account, devoid OF sentiment IN
business. as was shown later when
he fought and ousted from the preSi'
dcncy OF the Illinois Central railroad
| Stuyvesant Fish. a man Who mad
| probably done as much to help young
Hartman on in his career as any
other man now living and who mac
years before made him vice-presiden'
| of the road.
His Part in Insurance Scandals.
When the insurance scandals oil
| 1905 broke. Hartman was a director
of the Equitable f.ife Assurance So
ciety. OF which mis- friend. James
Hazen Hide. owned acCntrol Of stock
Hartman was Hyde's closest advises
| IN the fight which was made 10 dis
Mace HYDE in his control and many
have said the resul; might have mac
a different color. al least. had Hyde
no; al the last moment turned upon
Hartman and charged him with De-
irs an enemy in the guise q freina
seeking 70 take Hydes PLACE in the
Equitable.
When Thomas r Ryan turned up a
cou-lc Of months latter. as the owner
OF the Equitable. Hartman said h.
was disappointed and admitted be-
fore the Armstrong Investigation CON-
mi;fce that he haG expected 10 ouy
Il Tor himself Outside q his bust
ness Hartman found time or cared
for little bat his family and a single
hotby-;hc building Of a great estate
The mcfamcrphosis 81 his place a.
Arden from a rocky county forest in
% kings park. sitn palace 100
IA crest t. vel known
Asrrinsn's FAMILY.
HarTimans wife vas Mas Mary
| AvcriIi. of Rochester whose father
W J. AvcriH banker. sas largely
interested In the Rome. Amsterdam
and Ogdensburg Railroad and hsn
large means.
Five children we're born. three giris
and t~o hovs The eldest daughter
81 the wife e Robert l. Gerry. son
81 Cormoicre ToibridEe T Germ
The second daughter Il Mar. and inc