The Dillon herald. [volume] (Dillon, S.C.) 1894-????, 1909-09-16

hcrtCok the rehabilitation Of the rail
road. He secured Il controlling in
tereSt. rcorganizcd the management.
and through his transcendcnt genius.
converted the bankrupt company into
one of the best dividcnd-payinS roads
III the country. In this and later.
when he took hold Of the Southern
Pacific. Hartman s policy was one
of lavish exp nditure, which made
tn" properties as near physically per-
feet Us possible. TE.. matter of div.
idends was allowed to wait upon their
perfection. This policy has continued
ON all the Hartman lines. and to it
has been added close study of the
territories adjacent to the property
and which contributed. or could be
made to contribute to their welfare.
hartman 5 most spectacular per-
1ormance and that which made his
name familiar to all the reading pub-
lie was i'll May, 1891, when he strue.
Sled with the Morgan and Hill in
terestS Tor control Of the Mort hcrn
.'acific. On May of that Wear the
historic Northern Pacific corner re.
suited in the stock of the rompanv
"ulm% 10 81 900. At the "Show down:
Hartman produced $7S.0"0.OO0 in
stocks. However. th. Hill Morgan
people held the whip-hand through a
bylaw of the company which permit
ted the retirement of preferred stock
at any time. OF his holdings S4l,-
uOo,Oo0 was preferred. but Hartman
secured compromise ard he and
some OF his associates were elected
TO the Northern Pacific directorate.
Hartman, it is said. controlled
lS,OOO miles Of railway, or six times
across the continent: that these lines
employ 10000 men: that. in addition.
he directed $4,000 miles of steamship
lines. making 10000 miles of trans
portatlon i'll all; that one could 90
from New York to Hongkong without
ever leaving the Hartman lines and
that he could return by another route
on Hartman lines nearly all the way.
flnanclers IN recent estimates
Of Hartman personal wealth
Lave varied all the way from $5O,-
100000 to $l00.000,000. He was, of
course, large holder of securities of
the various corporations with which
he was identified, including in addi-
tlon to the Union Pacific and South
ern Pacific systems, over a score of
smaller or tributary properties, not
only in this country but in Mexico
as well. Report credited him with
large personal holdings in various
railroad systems. His real estate
holdings in this city were compare
lively small. His home at Arden is
SAID to represent an outlay of over
$2.00O,00O.
My railroad methods,'' said Mr..
Hartman once, 'are to serve the pub.
lie. and to give it good service at the
lowest possible cost, with. if pos
sible, no favoritism. 1t gets its
moneys worth from me. NV method
is to give the public the best equip
ment. the best time. the best track:
Shock to Progress of Suth.
Chattanooga. Tenn. Special.-Jas.
L. jackson, of Augusta, Ga, one of
the business associates of the late
Edward IL. Hartman, and part own
er of the Augusta street railway sys-
tenn, in speaking Of the great tinan-
cier's death said:
Il do not know what the policy Of
MIR. Hartman S successor will be,
but / know that his death will be one
OF the greatest shocks to the pro-
gress of the South that could have
been received. I am in a position to
know that it was Mr.. Hartman s in
tention to use his Illionis Central and
Central of Georgia lines for the de-
veloPing Of the South s resources and
to further the interests of the more