The Ogden standard. [volume] (Ogden City, Utah) 1902-1910, 1909-09-14
HARTMAN POLICIES
10 BE CARRIED OUT

New York, Sept 12.-The continu-
alton OF the Hartman policies In the
management of the Union Pacific,
Southern Pacific and the chain OF
allied railroads was made certain to-
day, temporarily at least. when Rob
ert S. Loyett. Il, H Harriman's per
| sonal counsel and close friend, was
elected TO succeed Mr.. Hartman At
the head of the Union Pacific exec
utiVe commission.
To strengthen further the domm-
ance OF The Hartman Idea" Jacob H
Schif( and William Rockefeller were
elected directors in place of Mr. Har-
rlman and the late II H. Rogers. and
were chosen TO places on the executive
committee.
The Union Pacific remains without
a president. as Mr. Hartman occupied
this position also. 1T is understood.
however, that an operating man
probably l., F. Loree. president of the
Delaware and Hudson will be elect
ed by the stockholders Oct. Il Prox
les for this meeting already arc In
the hands OF Judge Lovett and AleXan-
der Milar, secretary Of the Union
Pacific and seem to guarantee that
election will be dictated by the Har-
riman interests.
lovett Fit for Place.
Judge Loyett's office Is the most
important In the management and IL
naucial supervision of the Union Pa
cific. His close associations with Mr..
Hartman make him, in the opinion OF
the Hartman lieutenants. peculiarly
fitted TO assume the responsibilities of
the position. He and Mr.. Loree are
closely familiar with Mr. Harriman's
plans and dreams for the undeyeloped
territory over which he hoped TO push
the aScendency of his railroad system
The Southern Pacific directors Will
meet tomorrow II is taken for grant
ed that their action is fully forecast
ed by today's meeting. that Judge
Loyett Will be seated as chairman of
the executive committee, also in Mr..
Harriman's place, with Jacob h
Schiff or some other partner in the
firm of Kuhn, Loeb & Co. az his right
hand as director and member of the
executive commllLee.
Wall street manifested more than
usual interest In the election in view
OF the rumors that a member of j
p. Morgan e. Co would be elected TO
the Union Pacific board No such
change developed and as 1t stands to-
day, the executive committee re-
mains. in the parlance of the street,
"a Kuhn, Loeb-Standard OIL board.
For, besides Judge Loyett. Jacob II.
Schiff and William Rockefeller, the
members are II. C. Frick. of Pitts
burg Marvin Hugitt. president of the
A. Vanderlip. of the National City
bank
Moraan's Failure Surprise.
The failure OF the Morgan interests
to gain place on the reconstruct
cd board was 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 results from any radical
changes at this time. may have pur'
posely postponed the selection OF a
representative until the regular an
nual election In October.
OF the two new members, the cleo
ton of Jacob II Schiff attracted tho
widest comment for the reason that /
the firm of Kuhn. Loeb e Co.. for
mally withdrew few years from act
I've participation in the management !
of all the railroads for which they |
acted as bankers, No statement couid |
be obtained from MT Schiff as to the |
apparent change. but it was authorita-
lively stated that the interests OF !
Kuhn, Loeb G Co. and of their power !
full foreign connections had become !
so important in Union Pacific. that
II was believed unwise for the firm |
longer TO remain aloof from partici- !
patton In the government OF the road. |
Began at Bottom.
Judge Lovctt who now becomes for
the moment one OF the most prominent !
railroad men in tho public eye, came |
to New York city in 1906. Born In