Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1912-02-21

James J. Hul and ais family were
understood 20 ,- t1c owners Of aonut
SOD. OOp shares OF the Great Northern
Railway company. A. pas these
shares Representa- SEE mlU del
lars. estimated upon the ma ket ,al-
ucs which prevailed about that iiu,
they were worth from no millions "a
ii0 mlllious
These were the estimate of mel
who had some good can OF infer
nation respecting the ownership 10y
the hin family of Great Northern
railway property. They may have
been rough estimates AMI an expert
inventory OF the property mieht not
have yielded figures which would
have balanced with these estimates.
but the general belief IN New York
city for some wears has been that the
shart OF Mr. I'LL and his family In
the properties which he created and
perfected was, five years ago, IN
money value about SO million dollars
n the committee which has re-
Gently subpoenaed Mr.. Inll 10 appear
before il AZ Washington and give tes-
timony relating - ore properties he
once controlled had jurisdiction so
that Il could compel him to testify
IN such manner a. Ia tell the story
of the conception and growth Of the
Great Northern railway system then
there would he furnished 10 the peo-
ple as valuable. romantic as we'll as
impressive a story Of the manner In
which men Of great ability have
uraated wealth hy utilizing undevol-
oped opportunities rs the history OF
the entire commercial development
of the United states can furnish
About tho time. in 1904, tho eeti-
was made of the personal hold
ines of Mr. hin and his family in tie
railway properties which he created
there was also q careful study of the
,%ondit;ons which prevailed in The
vast regions which Mr. Hill railway
p~enetrated and developed throrehout
the Northwest The statistics then
furnished Justified Nr. Hills friends
I'm saving that Il was hy no means 900
overostimate 10 report that the
wealth Of that great Northwest rep
resented In dcllars was about BIZ
lion. 500 billion Almost all OF his
wealth could be traced directly or In
directly. 10 the opening mp OF the
vast. silent forests and the higectlna
of the prairics lands which, like th"
ocean. were bounded hy the horizon
and hy the railroads Mr.. nm con'ciN-
ed and hv his " personal eforts
built
\ Point of Comparison.
n the estimate made in 1904 of so
millions. based upon the par value Of
Nh INNS holdings IN Great North
crf stock was approximately cor
root. then d. is o curious coincidence
that his share Of the wealth which
De- created WIS almost exactly equal
10 e. h. uarrlman's share in the
wealth which De created hy lis up-
I.i ldiHa of the Union Pacific stst'W.
I'm the carl, summer of 1908 %
fcv DAYS before Mr. Hartman sailed
mon his health-seckine 'isit TO Flu
rome. Pc was IN consultation with one
of his most intimate business friends.
In the course Of the conversation h.
said. as reported by this friend later
II have been looking over my AFFAIR."
I have been taking a sort of inven-
tory 81 what I have got. find that
INV personal property is somewhere
between So and 50 millions
When the inventory of Mr.. Harri-
mans estate was made at his death
was learned that his own estimate
VI his fortune was not far ont of the
ray Wis personal possessions were
about 81 millions. and the fact mat
, lareer estimate OF his wealth than
that was made at the time oi mis-
death was due TO the placing In Mr..
Hartman name OF large blocks o.
securities witch he did not own.
when Mr. Hartman began his
work ON the Union Pacific. shortly
the first inauguration of Presi-
dent Mckinley, he was estimated to
pc worth two or three million dol
lars He was q very rich man. uc-
cording 10 some standards. h1t no.
rich M an according 10 modern rail.
or capitalistic standards. In
about ~ wears Mr.. Hartman acru-
INFLATED one Of those fortunes the
size of which has made them tradi-
tional
lie estimated however. that The I'M
crease Of the wealth of the REGIONS
which the Union Pacific opened and,
especially the wealth OF that reeicn
which he called the cmpire-like south
west. traceable either directly OF I'M
directly TO these railway properties
was about a billion and a half
II these estimates are not due 20