| Show El Ht IM l LATEST Tt I i mU G COUP r Railroad in the East Are Greatly Stirred up Over It LINE FROM OCEAN TO OCEAN JIll I I I Him I I is ii In III Ii I Io lo elliott of Su SuTo r fo To Jay Special to the tbt Ne eIA w Washington D C Sept KR circles east Mst have h vo been boen greatly stirred up for the past pall week over the purchase of a n large lorge block of ot n D 0 O tock stock held by byth bythe the thc th Pennsylvania Railroad company by bythe b the tIme HarrIman Internals interests The confirma confirmation tion of or tho rumor also that thal Mr Ir liar Har riman had bought bough the Pennsylvania holdings hoJ In Reading Heading shows to the rail mil railroad railroad road rOld world that E K H II Harriman Is one of 0 the tho commanding figures In the Iha bust busi business ness fleas life of or today toda and a worth worthy r sor fr r to that remarkable financial genius Jay Gould it t has lies been en the dream of or Edward harriman ever er since sine he became a fac tue factor tor In the Union management to toon own on and operate a 1 line of railroad reaching r from rein ocean to lo ocean After his purchase e of or the Union Pacific ho he gradually absorbed the Central and Md Southern thern Pacific the Oregon Railway Navigation company and time tile Oregon Short line hue With close arrange arrangements ments meats with the lh Chicago Northwestern lern HarrIman became a n power In the tho west Not Sot satisfied however with operating nearly GMO miles of or railroad In the cst and northwest Rt t Mr Ir ha has been Intensely ambitious to lo reach the Atlantic ocean and through the pur par e of or the 11 II 0 O and Reading Heading stock It will be but a ti little while before a aman roan man can leave I e San Francisco en route to New e York without leaving 1 his oar car carat at Chicago and ride the entire distance on lilies lines owned and operated by b the Harriman Interests The Thc coup which Mr Ir Hurt man brought about In advancing the Union Pacific stock 17 11 a share In a 11 single day Illustrates the genius this man mon has fur large lar a things The Tho Union Pacific r I c It must not was as built largely by Ly the thc people the direct debt to the national treasury tren ur for aid extended to the thc enterprise e amounted with accrued Interest to upwards of 0 W Mi 0 millions of or dollars after niter Its reorganizations and Its emergence from corn the Ih receivership The government got realizing the thc poten potential potential character of the Overland system B tem aided th Ih thC building of 0 the line from Council Bluffs to Ogden by b giving It an empire In public lands landa It has han been selling tiling these there lands land I at prices but It still has left about acres with lani assets valued at nearly 10 millions of 0 dol dollars dollar lars hats that thaI the railroad would be Infinitely If the government debt was wiped out a plan of or payment was WIS arranged and nod the treasury enriched to the thc extent of 0 the tho upset price agreed upon Edward Harriman was the di dl directing routing force to bring hiring this condition of or affairs to pats and with bulldog per hi ho has gone ahead until the pool of or which he is the head ead has rigged the market markel to the tune of many man millions while Us hta Is acquirement of or the tIme theD IJ D O 0 nail and Reading holdings holding makes the HarrIman properties among the theer very er richest In th time the world What boots It It tho the Hepburn maximum rate rote bill billIs billis Is la on the statute book when hell the mar market markel market ket kel can Qin be Lo manipulated as In the Union Pacific case CR e while the felloWs fellos on the In Inside inside side Fide take tako tho profits The masterly masty man manner manner ner ncr In which Edward Harriman has secured an eastern outlet Is In the largest achievement In railway manipulation for a decade |
