The San Francisco call., 1909-09-14
lOvETT CHOSEN
TO PERFECT THE
HARRIMANPLANS
Personal Counsel of the Late
Financier Heads Executive
Committee of Union Pacific
Jacob Schiff, the Banker, and
William Rockefeller Elected
Directors of the Road

NEW YORK. Sept. I3.-The contin-
uance OF the Hartman policies in the
management OF Union Pacific. Southern
Pacific and the chain OF allied rail-
roads was made certain today. tenn
porarily at least, when Robert s Low
EFT. Harriman's personal counsel. and
close friend. was elected to succeed
Hartman as the head Of the Union Pa
cific executive committee
To strengthen further the dominance
OF the Hartman idea" Jacob II. Schin
and William Rockefeller were elected
directors in place OF Hartman and the
late II. H Rogers and were chosen TO
places on the executive committee.
Union PACIFIC PRESIDENT
The Union Paciic remains without
= president, as Hartman occupied this
position also II is understood, how
ever. that an operating man-probably
:. r. Loree president of the Delaware
and Hudson will be elected by the
stock holders October u. Proxies for
this meeting already are in the hands
Of Judge Loyett and Alexander Miller.
secretary of the Union Pacific, and
seem to guarantee that the election viii
be dictated by the Hartman interests.
Ii
Judge Lovetts Office is the most inn
portant in the management and finan-
cial supervision of the Union Pacific.
His close associations with Hartman
make him. in the opinion of the Harri-
man lieutenants, peculiarly fitted TO
assume the responsibilities of the po-
sition He and Loree are closely ia
miliar with Harrimans plans and
dreams for the undeveloped territory
over which he hoped to push the as
cendancy of his railroad systems
The Southern Pacific directors viii
meet tomorrow II is taken for granted
that their action is fully forecasted by
today's meeting that Judge Lovett viii
be seated as chairman of the executive e
committee also, in Harriman's place.
with Jacob H. Schiff or some other
partner in the firm of Kuhn. Loeb e.
Co at his right hand as director and
member OF the executive committee.
STANDARD OIL BOARD
Wall street manifested more than
usual interest in the election in view
Of the rumors that a member of J. P.
Morgan & CO. would be elected TO the
Union Pacific board. No such change
developed. and as il stands today the
executive committee remains, in the
parlance of the street a Kuhn, Loeb
Standard oil board For, besides
Judge Lovett Jacob H. Schih and VIII
liam Rockefeller. the members are ii.
c. Prick of Pittsburg; Marvin Hughitt,
president of the Chicago and North
western, and. Frank A. Vancerllp OF
the National City bank.
The failure of the Morgan interests
70 gain a place on the reconstructed
board was a surprise TO Wall street,
where the last weeks rumors had been
given general credence. 1t was pointed
out tonight, however, that possibly the
Morgan interests. fearing disastrous re-
suits from any radical changes at this
time. may have purposely postponed
the selection Of a representative until
the regular annual election in October.
ExCITEs WIDE COMMENT
OF the two new members. the election
Of Jacob II. Schiff attracted the widest
comment, for the reason that the firm
OF Kuhn, Loeb e. Co, formally with
drew few years ago from active par
ticipation in the management of all the
railroads for which they acted as bank
ers No statement could be obtained
from Schif as TO the apparent change,
but il was authoritatively stated that
the interests Of Kuhn. Loeb & Co. and
OF their powerful foreign connections
ecific that il was believed unwise for the
firm longer to remain aloof from par
ticipation in the government of the
road.
LOEETT"S RAILROAD CAREER
Judge Lovett. who now becomes for
the moment one of the most promi-
nent railrosdmen in the public eye,
came TO New York city in 1906. Born
in Texas ss years ago. he entered the
railroad business while a boy as $40
a month freight clerk for the Houston.
East and West Texas railroad at Hous-
ton. While serving as a freight clerk,
he studied law at night and eventually
became a country counsel for the road.
journeying from village TO village and
devoting his talents principally to set
Ting cattle claims cases.
Later the receivers made him a dis
triot counsel, and his success in
Strengthening out the affairs of the
bankrupt company won him promotion
to the position of general counsel.
Hrs next step was membership in q
firm which represented the Southern
Pacific He became so valuable to this
system under Hartman that he was
made general counsel. with Offices al
Houston. Three years ago Hartman
brought him to this city
Clergyman EuIogizes Hartman
NEW YORK Sept. 13.-Before a
crowd of several hundred in Wall
street today Rev. Dr. William wiIkin-
son. one of'the clergy of Trinity church
parish. delivered eulogy of the late
Edward n Hartman. Doctor Wflkin-
son mounted. a chair opposite the stock
exchange at the noon hour and soor
had a crowd about him.
the preacher said:
Ten years ago Mr.. Hartman char.
tered a vessel and went to Siberia
He took with him Archdeacon Nelson
of New York and together they visited