Evening star. [volume] (Washington, D.C.) 1854-1972, 1909-07-04

a great business on enduring lines Is
hest illustrated by the Standard OH. As
everybody knows that mighty FABRIC Is
the creation of the brain OF Joih -
Rockefeller, yet he has had almost noun
in. TO do with actively directing It's al,
fairs for at least ten years. His soul
is there however, and 1t VIII De tHeI
after he passes away 80 II is Will '!4'
Hartman railroads. -,
Mr.. Hartman is not alone among the
big men Of Wall street IN pu a,,inr n If
affairs In shape against the coming ol
the pale horse. The affairs or nearly
every important man In the street al
trusted beginning with MI. MORGAN anu
running clear down through the list IN
Guiding Thomas F. Ryan. John d. Rookie
teller. Andrew Carnegie, ]. ]. Hill. George
Gould. Norman B. Ream. Judge w. n
Moore and his associate. D. u heiu' n.
H. Porter, the Astors. u. d. Mills IS, anu tue
lords Of the Canadian Pacific. inns WIS.,
Importance in the business worid WHO
have large fortunes and yet VINO are
not generally counted among the NUT ~.
millionaires. Along at the head ot .liis
list may be mentioned MI. Joseph t'lltHei
of the New York World. whose fortune
has been conseryativeiy estimated al $50.
10000, largely invested in silt-edged ran
road stocks and bonds. Long years ago
Mr.. Pulitzer made fayorite OF JERSEY
Central and Lackawanna when they were
Way dO"H the AZ piiN~'
Separation Of Interests.
Authoritative announcement OF the Ior-
nation of the Delaware ana Lacha"ai-
mas holding company to take over us an
thracite coal properties marks the De-
ginning of the separation or the mining
from the parent transportation coinpa-
MES. The Reading plan Will be annouhc-
ed in due time. The lawyers have been
at work on that for year or more IL
has been the one great speculative factor
in Reading stock. and guessing as 10 lhe
terms has furnished endless gossip III
connection with that specially me pitu-
minous coal roads Will be slower 20 Sc
rid of their holdings Of coal lands, al
though with the anthracite roads OBEY
Ing the law they cannot hold out long In
defiance of the will Of Congress
There Is no let-up in the activity or
railroad companies in the matter OF Or
dering new equipment. The outlook for
all the industrial companies In that ilne
Of business is most encouraging. all the
more SO from the fact that railroads
throughout the country had done little
or nothing In the way of new equipment
for at least two years Wear and tear
had been going on just the same, ana
now with big business ahead they are
forced to make up for lost time. 1t is
now well known that the great majority
really in no condition to again 30 into
service, and never will be. They must be
replaced with new cars. and 1t is the Or
der of the day that the ends Of true econ
Omy are best served by getting the finest
cars the shops can turn out.
There are now eight or nine companies
engaged in the manufacture OF railroad
equipment, not counting locomotives, and
these concerns are sure to be kept busy
for years ahead. In the stock market
many of the preferred issues OF these
equipment companies offer the most at
tractive investments now In sight. Under
the leadership of United States Steel,
that class Of securities is sure to ma
growing favor in the minds or owners
OF money. Not that United states steer
Is an equipment stock. but 1t is ny com
mon consent the great Industrial leader
in the stock market.
Getting Some of the Pig.
One point that will operate TO the ad-
vantage Of the big steel corporation IN
Its pending labor controversy is the fact
that many thousands OF its employees are