The Cairo bulletin., 1909-09-20
Special.
New York, Sept. IS.

special.
New York, Sept. 49,
News developments in the financial
district have this week been unusual
! ly suggestive and important They
] intimately concern the readjustment
of financial relationships and point
with particular emphasis to the
THE strengthening of the Community
of Interest principle in the railroad
and banking world, thus promising a
more complet and more legitimate and
lasting arrangement than has hereto
fore existed. This is a direct result
of the passing of Mr. Hartman and
is in no sense criticism of that not
ed financier or of his work. AS the
world progresses men arise from OBJ
security; they dow work for which they
are eminently fitted and which is
seemingly bound up with themA3as a
life work that others cannot do Dwell
Mr. Hartman was such a mana
man of the hour. Railroad transporta4
ltion interests of this country required
| a leader for upbuilding and recon
struction on practical transportation
| and financial lines. Mr.. Hartman ac-
complshed more than should have
been expected from single embodi-
ment of mind and muscle. He left
many plans for further expansion
incomplete, but had he lived to tho
century mark, with his great energy,
perception and self-reliance unimpair-
ed, there still would have been plans
incomplete.
| Plans Were Complete.
| 1t may, therefore, be said without
| disrespect for the dead that that lead
| ers plans were as nearly complete as
they ever would have been and that
the railroad development of the coun.
try can therefore spare him without
great loss-even with some gain. Fur
Their upbuilding would have meant fur
ither concentration and the creation
of situation that neither our public
nor their representative lawmakers
would have permitted. Jealousies or
an insurmountable nature had already
arisen; a man of such strength of
mind and character must necessarily
make enemies, for he was impervious
| to outside offers of harmony and CO
Operation; and as the leader of five
other of the strongest and most infl1'
Iential capitalists and most courageous
men in the community who trusted
him implicitly and without question
he was a man all powerful Without
! that backing he could have accom-
plished comparatively little But
now that he has gone the other five
themselves become leaders and think
ers, and the jealousies and the stolid
self-reliance of their leader have pass
ed as a factor in the situation The
work of upbuilding that he began and
carried to such a successful stage
will now be carried on under new aus
pices; it will not be allowed to retro
grade Ex-Judge Lovett. who, posi-
bly, more than anyone else, has in
mind the goals for which the dead fl
nancier was striving, has been chosen
chairman of the executive committee
of both the Union Pacific and the
Southern Pacific boards and two i'm
portant members of his syndicate
hackers have entered as directors of
| both the systems named.
Looks For Harriman's Equal.
| These changes are significant of
the strength of the hands in which
these properties will remain and arc
accompanied with announcements of
other changes in financial relation
ships that are hardless important
| from the standpoint Of general finan-
cial harmony. In the course of time
some other leader quite as strong
minded as Independent and determil''
ed as Mr.. Hartman will probably
arise and demand recognition; but
this is not an immediate prospect and
until Time shall produce him we have
before us a period of harmony in
financial and railroad circles that has
probobly never before SO completed
existed. This view is not without its
larger significance. Our railroad and
great industrial enterprises are de
manding recognition as properties
less is thought of the financial leader
Ship connected with them. This is a
condition that is initiating towards
their solidity and Their desirability as
Investments; and the greater the di
versifications Of the financial respor
siblity connected with them the free'
they may be expected to invite in
vestments on a purely commercial
basis. An indication of the progress
towards an enlarged and more com
prehensve Community of Interests Is
the entrance at this particular time o