Show HARRIMAN REIGN MAY BE AT END Fight for Control of Illinois I Central Lost Says Wall Street I MORGAN AFTER U. U PACIFIC 1 Powerful Interests Said to Be I Aiding Fish in His Hist i- i t t Struggle I L f X Xv Net v L k 1 Wull Wulf il that the time control I 11 Ii LI of I Ir r j jiLl IU w ItO I ceu tilt l it nC the tho n fight Ut now noy o on oil with Stuyvesant FIah Today Y there watt an un Insistent re port pon In ILL the thu banking district that Union Pacific would part with its holdings In iii Inthe the he Illinois Central and this thin W was v i partially par par- l by J Mr himself him him- self who said aId late lale In the day This I is not nol the time lime to discuss matters mat- mat Lets not of ot Immediate and Imperative o Importance The TIme Interest t and attention attention atten atten- tion ion of the Investment world Is an and must be taken up In other and molo I Important directions I 1 v viii not deny Ilen that this matter ha has been lIem 11 discussed heu ed for or some time and I there I Is no question that the tho Union I I Pacific Is in position o to make malto a n valuable valuable I ble distribution to Its stockholders s. it Jr It should prove e desirable so to do at atthe I tho the proper time You mo may rest assured that tho the whole mutter matter will bo be O settled on a 1 proper basis bals when the time but this is c certainly not the time to discuss CU 8 it It lu luIn In IlL well Informed Q the thc re remarks remarks re- re marks markt ot or Mr Harriman were uJ understood under under- er- er stood to mean th that t he ha had decided that at some time In th the the- future he w would ih lb one unc wa way or another dispose of tho the stocks purchased pur by br the Union Pacific more tharl a six years ago with tho funds funds' obtained from Crom the sale of or Northern Pacific an and Gr Great at Northern Stocks In Iii Question ton Those stocks Included P Par r i- i value val Uc Illinois Central 2 U St. St Joseph Grand Grant Island common St St. Grand Island preferred St. St Joseph Grand Island second preferred Baltimore 8 Ohio common Baltimore Ohio common St St. Paul Northwestern New York Central 1 Just how this this' great ma mass i of securities ties 3 will be disposed o of without afI affecting af af- feelinG the market naret has rot not ot been heon anI announced an- an I I hut but the tho statement is given g 1 I Continual on un a e Seven e HARRIMAN REIGN MAY BE BEAT AT END Continued from roam IJu One Omie out that lint the sale will not be a public one It Ii Is realized that to I dump them on the tIme market would be to precipitate a s slump lump It ma may be bo that some ingenious form of or a holding company com corn pan pany will bu be e do 10 Iset but ut the general belief Is that Mr Mi HarrIman Hari has at last Jast decided that ho lie will in fn future confine tho the s of the tho Union railway rail rail- way wa strictly to the time transportation of or freight an and amid The Time proceeds of uC the time sale I if it take taliO place will be di dl di- vl vided cd among tho time E stockholders of or the HarrIman lines hues an and amid will wm be an enormous enormous enor enor- melon melun when whon It is h read ready for Cor the tIme cutting Con Conservative er bankers ers in tho the street believe that the time plan of or Jug Ing ng of or the time Union Pacific holdings will ill bo be carried out in goot good faith and the thc matter was as the time subject of or much favorable favorable favor or a able lc comment to today a. a Would JC ac Mutter It has been een realized caused for Cor some sonic time that hat the tim dominance of Harriman in Illinois Illnois Central an and Baltimore Ohio has been a source of or great financial dI disturbance and tho lie elimination of or his control from flom those lines hues would ease caso natters greatly The rhe whole timing thinS Is Js In lIne with wilh a 1 persistent report in iii Wall ahl all street that Roosevelt loosevelt Is using all nIl the time power at his command to force Coree Harriman out of or Illinois Illnois Central There Thero have been vague threats of criminal prosecution and mind threats mats also of or a suit HUlt to kill th lie tho Union and Southern PacIfic merger It nan has even b been on hinted that the thc present relief given the time banks by y Secretary of the time Treasury Cortelyou ou was not agreed tI upon Illon finally until tho time money lenders had promised not Hot to help out tho Harriman Har liar riman interests This has been denied of ot course but the time fact is evident that thai some ome powerful Cul Influence has been back backof of Fish In his present pr light fight There Thele have havo been een persistent k t.- t. in the street treet for tor several days daya that time the brokers lokers of J J. J P. P Morgan und and his hits associates associates asso asso- elates have been een acquiring largo large blocks block of oC Union Pacific stock Morgan After nel CUll Control lOI It was stated on Tuesday that no noless noless less Jess than shares had laid been acquired by y the thc Morgan interests and that the they w were ro steadily In Increasing their holdings Outside of ur the tIme speculative phase of this acquisition tho ho Union Pacific c which is lower than It has hIlS been for tor some time hue there Is the well defined Is 15 covertly covert ert opinion that Morgan ly Iy seeking to wrest he lie control from HarrIman This conjecture Is more than an aim idle rumor As long hong ago as last Jast March when Wall street treet went vent through h what has hM been called a u millionaires panic there were definite rumors that th the tho autocratic dominance of or Harriman had hadeen been een broken nn and amid that he lie had hind been forced to capitulate to the Morgan organ clique At that hint time there was a Sl mix mK transfer of or shares of Union Pacific stock block which was accomplished outside of the time stock market and It was vas understood at that time that the time transaction Involved the time enforced abdication abdication ab ab- ab- ab of HarrIman from remit undisputed control of ur what have come to be known as the Harriman Interests It was understood then that that- while the complete elimination of or Harriman from rom tho the railroad system he lie had controlled con con- trolled would be a dl disastrous matter curbing of or his power lO was vas Imperative Wane nime Han HeigH Recent events It Is believed have han proved ed tho the waning of ot his hils reign und and now many observers ers sor assert that the lie Union Pacific I is not miot under Harriman control and amid has passed into tho time hands handsor of or the time Morgan crowd This rids of ur would carry can with it the tIme control of or the Southern Pacific tho tIme Or Oregon gun Short Line Limie and amid tho the valloUs various su subsidiary companies com coin panics which the time Union Pacific dom dom- mates The rime a admission of or Harriman todi oda that the Union Pacific I is rea ready to tu par pain with wIlh an aim enormous quantity of it its stockholdings a adds ds color to the time mU- mU u- u liters mors that a financial power greater than his own O is exerting Us Its Influence In Union Pacific affairs During tv the j heating hearing of oC tIme the Intel Interstate tate commission hero here last spring it became becam evident that the time heavy purchases b by Harriman of or stock in railroads s like e ethe time the Baltimore Ohio was for the time puro purpose pur per pose 1050 o e of ur ng gli him a voice in tIme the control control con coil ti-ol ti of or those roa roads s. s Mr h Harriman deemed it expedient to secure contI 01 of or roads like hike tIme the Illinois C Central J. J the Baltimore Ohio and the time Alton Allon In vr- vr tier del that his grip on the tho trunk lino s systems of oC thc lie entire country could bo be strengthened antI and thou those who ha liar followed the trond trend of or operations oper OJ nUl point out that he lie would not voluntarily vol vol- give o up his control in Iii the these roads The acquisition of or a a. control from Crom rein the time interest In time the Baltimore Ohio by was aM recognized at atthe atthe the tho time line ns cc part of his dream of oC years of an Han all all ahi iman railroad system flom ocean to ocean The Time report of or the tho state Interstate Commerce Commerce Com Corn merce commission of lIe its probing inS inS' Into time the Harriman merger merJel contained u a scathIng criticism of or the time stock jo jobbing ing practices that were uncovered at ot the lie hearings hearings- 8 and amid it Is la bi bl Hc d that Mr Ir Harriman t aw saw in iii this the time handwriting on un the thc wall that hint at nt least aided allIed him In his hit decision to part with the time Union Pacific's outside stock holdings While hill no definite developments develop develop- I ments are expected until time the present I strained condition Is past It Is believed be he- that tho the reorganization of or Hat Hax- i riman affairs ia hi not far ar distant |