The Caucasian. (Shreveport, La.) 1900-192?, 1909-08-31
CAREER OF HARTMAN
Railroad Magnate Ordered to
Take a Complete Rest.
BEGAN AS AN ERRAND- BOY.
When Eighteen President Of UnioH
Pacific Had an Interest In Brokers'
Firm-His Hand In Every Bio Rais'
road Deal of Past Two Decades.

road Deal OF Past Two DeSaoeS'
The many vast enterprises headed
by e. H. Hartman. president of the
Union Pacific railroad. have at last
sapped his energies. and. as Professor
Struempel, the famous Viennese Spe-
cialist, puts il. he must have complete
rest or become an invalid In review
Iny the career of the man whom some
have called IAN empire builder II Will
be necessary to delve into every big
railroad deal that has been consum-
mated within the last two decades
Somewhere in them will be found the
imprint of Harriman's master hand
In some it will stand forth boldly: in
others only subtle trace is diScernible
by the eye of the person uninitiated in
the mtricacies of high finance of the
present day. when billions are at stake.
Wall street has been awaiting breath
IessIy the return of e. Fl. Hartman.
for many expected that with his com
ing announcement would he made that
the Vanderbilt interests in the New
York Central would pass into his keep
Ing. This, If accomplished. will he The
browning point OF his career.
Edward Henry Hartman was born
in the rectorI of the Episcopal church
at Hampstead. n. Y. Oh Feb. %. 1913
His father, the Rev. Orlando Harri-
man. Jr. was the rector of the church
at fhe munificent salary of 500 year
"a little less than ST "a week on which
to raise n family of six growing and
sturdy children This church is richly
endowed today. and the memorials
there were erected at the expense of
Edward FL. Hartman and his brother.
Knew Poverty In Youth.
1t was IA sore struggle for existence
with the country parson. and his wife
aud children knew the pangs of pow
erty i'll ali its phases When Edward
was six years Old I'arson Hartman
moved to Jersey City. and with him
went his wife. four boys Nelson. Or
landu, Henry or Edward the was al
ways called Henry by the Immediate
members of his family and William
and the two girls. Lily and Annie. Up
10 the year 1859 the Rev. Mr. Harri-
man had had il hard row to hoe. but
he then procured good charge in
New Jersey. which he hello for several
years. aud the burdens of the mother.
who had found life Il struggle at best.
were considerably iightened.
The boys attended church schools for
about two years. and when the old
rector showed signs Of failing health
the boys struck out into the world for
themselves. Edward getting a place as
an errand boy In Il Wall street brokers'
Office.
That was his start. At the age Of
eighteen he was given an interest in
the firm, and four years later he found
that his savings. with which be had
spaculated so successfully. enabled him
TO purchase seat on the New York
Stock Exchange.
When He ARRIVED"
Hartman really arrived" when be
became vice president Of the Illinois
Central His aptness for the manipu-
lation of railroad securities was soon
made manifest. and then be had full
scope for his talents.
with q fortune amassed between the
wears 1870 and 1880 he was accredited
with having in his strong box securi.
| ties which had been picked up in the
course Of various panics that cost him
little or nothing. With these as Il
working basis and with the support of
Stuyvesant Fish he rapidly advanced
the interests and value of that road.
Fish became president and Hartman
first vice president. More success fol
lowed. and then came the break with
Fish. Next came the announcement
that Hartman had gained control OF
the Erie road.
Than Came Union Pacific.
If was in 1898 that Hartman electri.
6ea tha financial world when he an.
poupced that with the aid Of Kuhn,
Loeb q 10. he intended TO reorganize
the Union Pacific. Morgan had at.
temnted the same fea, and failed He
I,o,yan =, INV the stoek when II sold Mt
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t,,r,,o,s - ~. Sa,,,,,arn I,ae;f,,. aud .1id