Show TOOK ADVICE OF BANKERS The Late E EH H Harriman at atOne atOne atOne One Time Proposed to Ob Obtain Obtain tain tam Control of Rock Island and Santa Fe Pe R R It Systems t 4 4 New T York March 7 Otto H f ff f Kahn of the tile firm of Kuhn Loeb f 4 1 Co bankers for the late E H f 4 Harriman defined today on the wit witness 4 ness stand the limits nature has set Bet Beton seton f ff f on centralized finance f When an aggregation of roads be becomes beComes 4 comes so great said Mr Kahn 4 4 that the management of them ex exceeds exceeds 4 the ability of one man even 4 If the man is la a genius the comb combi combination f 4 nation is no longer of any economic 4 4 4 value f tt 4 4 Mr Kahn was testifying in the gov government gO eminent suit to dissolve the th Union Pa Pacific merger Harriman he said had not bought the Southern Pacific to extend Ills his influence but bu but rath rather r th ther er to t conserve what he had hadan and to safeguard his strategic position The Tue Union Pacific Pa then re tit ed the Pacific coast co t over Os el the tt tracks tra ks of jt o the live Southern Pacific and there had been rumors after the death of CoUls Collis P HuntIngton that Interests hostile to t the Harriman roads road were negotiating for the purchase of ot the ther r Southern Pacific What Wanted Among the interests were understood to be the Goulds What hat the Harriman lines wanted was not the th Sunset route but the gateway of San to the Orient You consider then asked counsel forthe for forthe forthe the government nt that if It you ou could have got rid of the Sunset route which was wasa a competing line of the Union Pacific it would have hae been b en a distinct dl advantage to you yoi ou Not on account of the competitive comp feature answered aJ Mr I Kahn alm HU If It we had luid sought to obtain tain a monopoly he continued the easiest way wa would haTe hare been to buy uy the Atchison and md the Rock nock Island and afterward the Northern Pa Pacific Pacific chic Listened to Advice Mr Harriman Mr 11 Kahn went Int on had come to his bankers with such a pro lire proposal They believed d in ge go genius genius and Mr Harriman believed In him himself himself self but Kuhn Loeb Co had advised against such a proposal and Mr Harriman Harri Harriman Harriman man had harkened It was too big an undertaking they thought for one ne man manto manto manto to swing After death the thel Union l Pacific had bought an additional acres cres of Southern Pacific stock to safeguard Itself against ag President Tafts Taff proposed legislation making it illegal for fora a 11 road owning less than of the capital stock of another competing road to acquire additional stock stok but ting a road having 50 per cent or more to make such purchases |