Salt Lake Telegram | 1907-06-05 | Page 1 | Harriman Says His Roads Have Money Enough at Present

HARRIMAN SAYS HIS ROADS HAVE MONEY ENOUGH AT PRESENT BOSTON June 5 E. b.-E. B H H. Harriman inan In Inan inan an interview says that the Harriman Any report roads need any more money than will be raised under the recent financing has no basis of foundation in fact there has been no re recent recent recent re- re cent attempt of of the Harriman lines to raise funds funds abroad Six months ago negotiations were carried carried carried car car- ried on an for placing fifty millions in 4 per percent percent percent cent bonds of the Union Pacific in Paris the and and the Issue would have Jave been a success but for the attack upon railroads In this country countr early In the year A different plan was later followed as recently an an- an n- n nol p There is no truth In the statement that a policy of sw sweeping retrenchment has been inaugurated In the Union Uhlon Pacific P and Southern Pacific on account of fear of the future The management Is taking all steps necessary to keep plant and equipment In a foremost condition among the Western roads and Is in a position to I properly cope with the tremendous growth business of-business of business No extensions into new fields how how- been been planned