The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-08-25
JUDGE LoVETT'S STANDING.

We find in recent number of the
Wall Street Journal discussion of the
Union Pacific management, with first
a reference to former manager Harri-
man, as compared with the present
management under Judge Lovett. The
discussion arose by reason of the re
cent raid on the Union Pacific stock on
1.-the street. in New York; and Judge
Lovett s replies TO various of the street
rumors arc quoted as indicating on his
part a somewhat different. but no less
admirable policy Of speaking when
speaking is needed, AS contrasted with
the policy of silence maintained by Mr..
Hartman.
There is no doubt but that the prompt
denial by Judge Lovett of the report
that Mrs. Hartman was unloading her
Union Pacific holdings had quieting
effect on 'sthe street. There is no
doubt further that the effect Of the
retirement of Mr. Frick as director
was unduly magniiied in the stock mar
ket, and of this stock market Judge
Lovett in the dispatches terselv says
that it is "lie factory - And yes
tcrday morning S dispatches, reciting
showing that it was the piratical raid of
a speculative plunger, fully bears out
Judge Lovett s characterization.
The Wall Street journal, reviewing
the career of Mr.. Hartman and its
immense effect. pays due tribute to his
high qualities, his iuvincible energy
md determination, and to the enormous
railway system which he built up and
transformed into the most serviceable
and profitable railroad unit in the
country. Then the journal proceeds to
compare Judge Lovett with Mr.. Har-
riman ri SAYS that the largest inter
est in the Union Pacific affairs next
to the Hartman interest is the Rookie
feller interest: and il states that this
interest never wavercd in it's allegi-
ance to Hartman in fair weather or
foul, and that il has taken a lesson
out Of Hartman s hook and places the
most implicit confidence in Lovett 8
administrative ability. The Journal
then proceeds to render fervent trib
ute TO the capacity energy aud admin
istrative ability Of Judge Lovett, say
ing that he gave to the Railroad Sc
curitles Commission, which held its
meetings several months ago, views
that showed greater reserve power
and strength than those of any other
man who appeared before it, and that
no other man s views won more re
spect than Lovett IS. 1t states further
that under his administration the Union
Pacific as railroad is as full of life,
if not more so, to the exigencies and
needs of the day as ever it was under
Hartman, 1t mentions the ambitious
plan for giving the public a double
track railroad from Omaha to San
Francisco; it refers to the great cam
paign of improvements now being car
ried forward on the Union Pacific and
the Oregon Short Line systems; and
gives Lovett such favorable all-round
judgment as might well make him al.
together vain il he were not so big a
man.
We, in this region, who have had oc-
casion to follow the course of Judge
Lovett, to note his high appreciation
of the possibilities and the benefits Of
the railroads under his charge to all
this region, his influence in carrying
through schemes for betterment. and
to meet the coming demand of trans
portation. feel prepared to accept the
high Judgment which the Wall Street
Journal passes upon Judge Lovett s
merits as man, and his great ad~
ministrative ability as manager Of the
great properties. 1t is comfortable
to see and know also that, friendly as
Mr.. Hartman was to all this region,
ready as he always was to step in
and do what could be done to advance
progress and development, Judge Low
EFT is in no way behind him in this,
and that the whole mountain and coast
country is as likely to profit by his
control as it was by Mr.. Hartman s.
While we regret to lose so great and
helpful friend as Mr.. Hartman was.
we rejoice to know that his place is
taken by one who is no less friendly
and no less great.