The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1909-09-10
Death of Wizard Hartman
Was Expected, and Wall
Street Leaders Found 1t I'm
necessary to Confer.
RAILROAD KING HAD MADE
PLANS FOR THE FUTURE
RumOr in New York Places
the Value of His Estate at
From Fifty Million to One.
Hundred Million Dollars,
STOCK IN MANY CONCERNS

Jew YORK, Sept. Following
1 y expressions Of regret on Mr..
Bariman's death, Wall street con-
sidered its effect on the properties
under his control and the financial
world generally.
It was pointed out that Mr. Harri-
mans friends and the leaders CT the
financial world generally have known
for some months that mis- malady was
incurable, and that it was Only a
question Of time until he would be
forced to lay down the active direc-
ton Of the great railroad fabric he
had built Up.
Therefore, it was assumed that I'M
doubtedly ample preparations had
been made for the eventIality of his
death or retirement.
MIR Harriman's death comes at a time
when in general the business affairs Of
the country are in excellent condition.
With the general knowledge that Mr..
Hartman could not Ions continue his
active career. Wall stree. had already
made ready for the end. There was no
alarm when the announcement came.
on the contrary there was feeling OF
security and even of serenity
Financiers Not Alarmed.
There was some talk among the lead
ers Of finance about Informally confer
ring, but even this was deemcd Uuuec-
essary. Such prominent figures as J.
p. Morgan, Jacob H. Schiff, James Still
man and George ". Perkins went to
their various homes without concerted
action.
It is believed by Mr.. Harriman's as
sOciates that the railroad system which
he organized and carried forward to
such degree of success, will be con-
tinued with practically no change of
policy, and that plans TO that end were
perfected by Mr.. Hartman long before
his death.
There were numerous reports concern
ing the status of the vast properties I'M
der Mr. HarTiman's direction. One was
that his securities had been trusted
and were held intact for the greater
safety of his estate and the properties
concerned.
Recent estimates Of Mr.. Harrimans
personal wealth have varied all the way
from $5OO0O,OOO TO 100000 OOO He was,
of course, a large holder of securities of
the various corporation with which he
was identified. Report credited him with
large personal holdings in the Atchison,
Topeka & Santa Fe road, Baltimore K
Ohio, Delaware & Hudson, Erie, Illinois
Central, New York Central and Pacific
Mail Steamship company.
He was reported to have been the
largest individual stakeholder in the
Wells-FargO Express company, which
only recently acquired virtual monop-
oily Of the express business in Mexico
His Arden home, it was said, cost
more than S2,OO)OOO.
Hartman Work Goes on.
Though Mr. Hartman is dead, his ire
mendJus interests will be carried on with
out interruption. So firm is the foun-
dalton Of his great constructive work in
the railroad world and so thoroughly or
gained are his varied interests that no
fear is felt in the financial world.
Tt is i'm the west that Mr.. Hartman /
leaves his greatest monument of railroad
work. but here in New York. !
from where he directed his great enter
prises his death was perhaps most keen
ly felt.
First word that his end had come did
not reach the financial district and the /
Continued on PAGE 8.