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Show iARRlMAN AND THE U. P. Tho big houso of Kuhn, Loeb &. Co., which camo Into tho banking from tho clothing business In 18G7, had been verj- active In the district as bank-erifor bank-erifor St. Paul, the North westorn and thj Great Northern. Jacob H. Schlff, tie senior member of tho firm, began to talte up tho organi-iatlon of tho -ljfon Pacific When Mr-jwgave it 1UJ--JIP had no soonc-M, ",p than ho Sfo-ta sIleaAOlble - posilol TuereWfc.ipiNcablc-layslnjcongress. TuereWfc.ipiNcablc-layslnjcongress. For e fgirBTJtidlttriB-1Jsj kenj refusing to close agreements der-inlt'ly? der-inlt'ly? certain sections of tho pre38 kep arguing that a better plan of re-orginiBtion re-orginiBtion could be offered. frftchlff sounded Mr. Morgan. No. he ra? through; de didn't want to re-orpnffc re-orpnffc It. Jhijlutlcnt opposition continued. Flinllf; Mr. Schlff received word that lt'VatHarriman. He knew Harriman scircely at a- at that time; but ho stat for him and he came in. ,Is5E yu that's blocking our roor-pinlzlDj' roor-pinlzlDj' of tho Union Pacific?" said JL !-WW are you dowfig it for? ' x-trtnfc it nrntfm said Harriman. The two men satnwn and ragucd It out, face to face. " "You can't compete with mo," said Harriman. "You've got an old brok- en-downroad to reorganize It'll cost you 5 and G per cent to raise money on it. J can hitch onto the Illinois Central and get monoy for 3 or i per cent." Schlff said this might be so, but tho reorganization of the Union Pacific bolongod to Kuhn, Loeb '& Co. "What's yr price?" he said, finally. final-ly. "The chairmanship of tho executive committee," said Harriman. "I can't give it to you," said Schlff. "I haven't the only say hi this mat; ter; and you know how many enemies you've ?ot here in tho street." t "All rJght," aid Harriman, and lofL The silent opposition continued in congress, abroad, and in tho newspapers. newspa-pers. The Uniou Pacific reorganization reorganiza-tion would not move. Weeks later Schirf again sent for Harriman. . "i'll tell you what I'll do," he said, "WoU make vou a member of the executive ex-ecutive committee. If you're the Ttian for chairman you can gej. yourself oleied 'nftfrward." Mil right, aald Harriman. om that time on, tho reorganization reorganiza-tion of Union Pacific moved forward, lu light or nine months It was done. In I few months more Harriman waR chlrman of the executive committee. ' a fow moro months and he was president. presi-dent. .There was no more doubt in tho mindsidf the other directors about his election than In his own. McCIurc's. |