New-York tribune., 1909-09-10
DObbs g Co
242 FIFTH AVENUE
between 9th and 18th Streets

that of the Union Pacific Company He operated
his ideas, which always indorsed by
his directors. and while It might first glance be
thought that his death will bring about condition
of chaos in the relations the Union Pacific its
allied companies. there is warrant in the actual
position of the so-called Union Pacific situation
encourage the idea OF any disturbance.
In way. Union Pacific has been a man
railroad. But TIE one man has been the repre-
sentative of a great aggregation of capital thar
represents some OF the best minds in the country,
it is unreasonable believe that the death OF
Mr.. Hartman will in any way affect the carrying
out OF the plans for the full development OF tbs
Union Pacific and its controlled properties.
II Mr.. Hartman had not been compelled 20
tire from active work. probably by this time Tiers
would have been important developments IN Union
Pacific affairs. In the opinion OF the men who
best able to judge, the plans contemplated By Mr..
Hartman merely have been postponed for their
public announcement.
II is believed that the Union Pacific will event
uauy come into the control OF the New York Cen
trail. Just Mr.. Hartman planned 1t Is believed
that eventually Union Pacific and Southern Pacific
stocks will receive higher dividend Just "a Mr.
Hartman planned. II is believed that eventually
the Erie Railroad will become another important
link in the Union Pacific system, Just Mr.. Har-
! rfu1an planned
Mr.. Hartman at times OF the largest
operators in stocks in Wall Street He millions
behind his transs 'tions and made millions from
them. The chances are that he was not commit
ted to any extent In the market az the time of his
death, and even il ne were there will be liquids-
tion of his accounts. except by slow conserv-
ative process. Wall Street doubtless viii take sd-
vantage OF his death to sell stocks. The Hartman
holdings will be looked after by substantial inter
ests, and far his Investments are concerned
there is no reason to suppose that any them viii
corls upon the market in the settlement OF his
tate
Regarding Mr.. Harrin1an's fortune. ii would
no in ALL
tate amounted TO N0oooO0oo. The items about which
definite information be had rsssaI fortune of
fully s4o,oeo00, and these do ro1 include several
OF the more important invest-nentsI Mr.. HART
man Is believed to have investment OF SIS Sss-
900 in the Erie Railroad He took s5o0eo OF it's
notes in 1905 He probably has fully s10oooOs0 of
Union Pacific preferred and large amount of ths
common. while his interest in Delaware g. Hudson
amounts TO fully s2.0ooooo. He took a 100000 in
terest in the Wheeling & Lake Erie Railroad when
the Gould road in trouble last year. and he
paid 100000 for the Georgia Central In the panic
OF 1907. II is worth than that now He
owned at the time OF his death a large amount
OF stock in the Guaranty Trust Company. OF this
city. estimated at sS.ooo,eoo, and he has $4,000
bank stocks IN Chicago. His Arden estate is prob
ably worth 100000
According TO the report OF the Interstate Com
nerce Commission, Mr.. Hartman held stocks In,
the Illinois Central. Northern Pacific and Great
Northern OF ooo for which he was trustee
Mr. Hartman. James Stillman and Jacob II. schfn
sold to the Union Pacific nearly S0O0ooo0 OF stocks
In other railroads, and this deal Mr.. Hartman
made large profits, to say nothing OF the Alton
deal Union Pacific stock sold low 1ssS when
Mr.. Hartman first took control OF the road With
IN a few weeks 1t has sold at 2ls, against 100 two
years ago. Inasmuch Mr.. Hartman himself
said he always bought the stock, it is likely that
he made a fortune in II.
He had controlling interest IN the wslls-F,arxo
company. which has sS0ooOoo stock. quoted at 800
He also had controlling interest in the Pacific
Mall Steamship Company, and q considerable IN
terest in the National City Bank of this city: the
Baltimore & Ohio Railroad, the Equitable Trut
Company and the Brooklyn Rapid Transit Com
pany- He owned estate In Oregon and had
realty holdings In this city