The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1909-09-20

New York, Sept. N.-News develop
ments in the financial district have
this week been unusually suggestive
and important. They intimately corr
Germ the readjustment of financial re-
lationships and point with particular
Community of Interest principle in the
railroad and banking world. thus
promising a more complete and a more
legitimate and lasting arrangement
than has heretofore existed. This Is
direct result of the passing of Mr.
Hartman and is in no sense a criti-
cism Of that noted financier or of his
work. AS the world progresses men
arise from obscurity: they do work for
which they are eminently fitted AMI
which is seemingly bound up with
them as a life work others that cannot
do SO we'll. Mr.. Hartman was such
a mana man of the hour. Railroad
transportation interests of this coun-
try required a leader for upbuilding
and reconstruction on practical trans
portation and financial lines. Mr..
Hartman accomplished more than
should have been expected from a sin
gle embodiment of mind and muscl,.
He left many plans for further expan-
sion incomplete. but had he lived io
the century mark. with his great ener-
gy, perception and self-reliance unim-
paired, there still, would have BEEN
plans incomplete. 1t may, therefor
be said without disrespect for the dead
that that leaders plans were as nearly
complete as they ever would have been
and that the railroad development Of
the country can therefore spare him
without great loss-even with some
gain. Further upbuilding would have
meant further concentration and th'
creation of a situation that neither
our public nor their representative law
makers would have permitted. Jeal
ousies of an insurmOuntable nature
had already arisen: a man OF sue.
strength of mind and character mus
necessarily make enemies, for he wa
impervious to outside offers of harmu
ny and cooperation: and as the leade
of five other of the strongest and mos
influential capitalists and most cOur
ageous men In the community VIII
trusted him implicitly and withou
question he was a man all powerful
Without that backing he could have &C
complished comparatively little. BIZ
now that he has gone the other fiv
themselves become leaders and think
ers. and the jealousies and the stoli
self reliance of their leader have pass
ed as factor in the situation. tn
work of upbuilding that he began an
; carried to such a successful stage wi
now be carried on under new auspices
it will not be allowed to retrograd
Ex-Judge Lovett, who, possibly MOI
than anyone else. has In mind tn
goals for which the dead financier va
striving. has been chosen chairman :
the executive committee of both Il
Union Pacific and the Southern r;
,.fic boards. and two important men
: te. of his syndicate hackers have ei
. ltered as directors both the systci:
named.
These changes are significant of {!
strength of the hands in which thcs
T., operties will remain and are a
oompanied with announcements Of otI
81 changes in financial Relationship
that are hardly less important frc'
tie standpoint of general financ;
Harmony. In the course of time son
ether leader. quite as strong minde
as independent, and determined as n