Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1911-03-05
HEALTHY TONE IN BUSINESS
Some Railroads Have Decided to Go
Ahead with Plans.
NEEDED WORK Is TO BE PUSHED
keen Observer Makes sorne Iutcrcst-
ing Deductions 80 40 Louuncity
Of the mis- Men of the I9-
unnrtnl world.

EN fstac N|aN g. HhA.faAAAF
NEW YORK. March 4-lspecisI % me
See. l--Thcr, is little reason So doubt that
business ON the whole rs IN rood shape Hno
the tendency along practically OH lines o.
toward a steady. healthy Improvement The
plague On china may have O. huo effect ON
the trade In certain lines 81 cotton goooh
but is TO bC doubted II this VIII he
serious
The railroads or at least some of them.
have decided 90 postpone needed improve
ments no longer. This determination n re-
Elected In the demand Tor steel and IT'S
influence is gradually spreading tu other
lines
The foundation industries OF the couu-
try are farming. the railroads and iron
and steel The farmers have never neen
iu such strong condition. Hence the three
great Industries of the country being tn
good shape. safe sane and conservative
Improvement along OH lines can hurdl\ he
avoided.
AnRIyEinE t,iuEs OF Fortune.
Some observer OF the great men OF
finance and industry has figured uut their
records for loQuaclty with interesting re-
suits Here they are.
The financial community looks 10 John
w. Gates Che has tuuEht them TO- Tor an
optimistic uttcrunUC al least once month.
ho is Judge Gury's principal rival James
7 J. Hill only talks when the spirit moves
him Charles d. Schwuh is rather errutic;
h sometimes he gives out interviews thick
ano fast hut at other times he remains
silent Tor long periods. President Brown
Of the New York Central Tor while hello
. the record for public statements. and he
] Is sui IN the Ilelu. though ms recent pro-
nouncement that ne had not dollar IN
vested In railroad stocks was regarded as
q trtfe tnJudiCiOus JUST that time when
every railroad wants To raise capital. since,
obviously, every investor followed F'resi-
dent Brown example the railroads would
/ be IN dtffiCulueS-B railroad cannot run
! air. President Ripley Of the Atchison has
not been vuluble Of late. since his terribly
pessimistiC prognosticHtion, followed imme-
diately, II may he recalled, by s less dole
iu one, he has been tnCunBpiCuOuE. PreGi-
dent Nandorlip of the National City bank
Dr. never publicly quoted these davH
whereas IN former years he occasionally
favored the public with his views.
Morgan Poor TnIker.
}. p Morgan occasionally pusses a terse
remark about his health In reply 10 the
! persistent inquiries OF reporters nun he
yond that he keeps his own counsel Jacob
H. schtfi viii not say a word for publicR-
ton until ne has pat several hundred or
several thousand Males between him and
New York. John j.. Rockefeller has CeRspd
10 occupy a prominent space on the front
PhEes OF the newspapers each week
James Speyer only on rare occasions will
come forward with a statement on finan-
clal matters; when he does speak he usu-
I ally SAYS something worth while Edwin
haWley has no fixed rule: II one knows
MIN sufficiently well he viii talk though
not particularly vOlubly, about his own
/ properties, but he believes In mindnE his
own business and letting other neonie do
/ me same. Otto II. Kahn really made his
aeDut IN The way Of entering the literary
lelG only The other daV mis- Hppreriptiou
! OF the late Edward II Hartman heinz his
/ tnaiugh eLIort' Henry F. Davidson is un-
/ usually frank and consequently very popu-
1 lar with the press representatives.
Inc younger generation OF financiers as
y Whole are render TO realize the advisa-
I bllity Of standing we'll with the ppbIiC ~,
lhsr predecessors, although the latter
have also in recent wears been Obliged TO
! houHy their temperamental reticence
Cutting Out the Gouids.
! To Otto II Kahn is attrib1tted the .,i,,,t
aeioh OF the Goulds from American rail
IoIq InanAgement This young man win
! vel repay watching by the way
Ihis Is the third achievement Ia his
| 1911 WIlhln the last twelve months the
ajIst pehE the removal Of the Pearson
/ cuque and the second the comprebengiX-e
/ play Tor developing the Hartman lines
! ~ ls characteristic Of this ftnancier that
ne Goes not appear publicly in the deal
BEFORE Mr.. Hartman died he selected Mr.
Kahn as his closest banking assooi7te
hhu apparently part Of the late rRilrOa
WIZ wIHara mantle fell upon Mr.. Kahn. II
| VIII ne recalled that Mr.. Hartman he
! walled the fact that he could not find any
JUNG man exactly suited TO take his
pace. HAS one now been found
New interests who will secure repre-
sehlhuon on the Missouri Pacific hoard az
the annual meeting and who VIII here-
physical development OF the compRny
stand ready 70 supply the company with AN
Lhe FUNDS II needs for purposes Of RE-
habilitRtiOn and development one banker
has said that 500 00O 600 or more viii he
furnished II needed
The property cannot be considered IN any
RESPECT In satisfactory physical condition.
Estimates OF the amount Of money which
VIII be needed run ali the way from s6OO .
"" 10 S2O0O0 O00 but 800 O00.0OO would prob
ably place the property on an equal foot
Ing with its competitors
On q comparative basis. Il would seem
that there Is considerable room FOR exc
pehuiture OF large amounts OF money be
comDHrisOns the Missouri Pacific'F Der mile
capitalization approaches the figures shown
by It's immediate competitors On bare
COMPANIONS the Missouri Pacifis per mile
Capitalization is lower than that OF the
Union Pacific. Atchison. Frisco Of Missouri
Kansas e. Texas.
Many Changes Ahead.
one hundred million added 10 the Mis-
souri, Pacific's capitalization would in
crease its per mile gross Capitalization n
10 $4,000 The former would then he tx-
oeeded only by the Union Pacific and the
latter by the Union Pacific Atchisun and
Missouri Kansas g. Texas
within the next five wears changes win
occur IN railroad presidents. owing 70 Inc
% 1act that present incumbents Of the OF.
% fices are close 20 the age when their re.
tirement win become compulsory some OF
them being close to so pears Of age or be.
d vond that period and the rules Of the lines
with which they are connected making In,
age limit for active service G. wears
Among those VINO have passed ~ yea-I
are James McCreB Of the Pennsylvania
who iE e. years old, George r. Harris o.
7 the Burlington who is o. years old II p
= Ftplev Of the Santa Pc. who Is 60 YEAR
old. =. 7. Jeffrey Of the Denver g. RS,
lfrunde. who e. 81 wears OF age T III
E JOHN OF the KATY" who Is g years old
George i. Baer o. the Reading who IL g
years Ole A. J. Earring ~ the St Paul
who 10 81 wears old, and Milton Smith o.
the Louisville A. Nashville.
Other executives who have not reached
b the age Of 80 years, but some Of whom ar,
vi repidly doing 30 are Robert L0vett Of TN
% Hartman lines, who e. 81 wears old
: Charles NJ HHys OF the Grand Trunk 1vni
q h "A wears old: +. A. DelBno OF tn
X Wabash who is A. wears old, W. r Brow
Il Of the New York Central. who IL 81 year
I old. c. s Mellen Of the New Haven VII,
q 81 81 wears old; Howard Elliott OF IN
e Northern Pacific. VINO Is 50 wears old. y
e I. WincheU Of the Rock Island VINO q s
wears old H. L. Miller Of the ChicaFo 4
FBRteru Illinois. who is Is years OLD Thee
u 0ure y. ShOnfs ~ the Alton who b. "a wear
d nd. M FELTON, Of the Chicago Grea
., Western who IS co wears old: GeorE
- Gould Of the Missouri Pacific who h.