The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-05-04
SOUTHERN PACIFIC SPECULATIONS

Ycsterday Wall street bond spectators startled
by despatch TO the HERALD from San Francisco, in
which charges were distinctly made by triumvirate
consisting of Anthony Eg. j. r. Robinson AID Anthony
Cooldt, that tho Southern Pacific Railroad Company
had addressed through its above named stockholders
memorial protest to the New York Stock Exchange,
and also to the nourses OF the European financial
tres warning them not to buy certain bonds issued by
the Southern Pacific road they issued in con-
travcntion Of law, consequently invalid and that
the stockholders would contest in the tho abl
ty Of the company for bonds VIII CHI declared
Illegal and VOID.
The German Bankers especially were exercised over
this announcements, as Central and Southern Pacific
bons-amost identical charactcr-wcre largely held
by them. HERALD reporter waited Mr. Hatch, OF tho
firm OF Fisk Hatch bankers who stated that he had
read despatch to the HERALD and 1t had attracted
attention he had hesitation in saying that he
believed il was vindictive matter that parties
inspiring suits for the purpose Of settling their
own private difficulties with the companies. The firm
ofMoritz Meyer & Co.. No 20 Broad street. was visited
member Of which stated that Mr.. Alfred A. Cohen. a
Francisco spccuator supposed to be behind the
suits against the Southern Pacific; that he spccu
ator and formerly intimately associated with the Cen
trail Pacific Railroad As 10 Mcssrs Eg Robinson and
CooId he did not know them in San Francisco affairs
at all
THE PRESIDENT or BOTH COMPANIES
Mr. G. r Huntington, found at the Central Pacific
office, No, Nassau street, and willingly the re-
porter extended interview in reference the OBJ
structions sought to be placed in their way by the
litigants on the Pacific Slope Mr. Huntington said in
substance
Eyes have cad the HKRALD's despatch: find that
Eg, Robinson and Coodt indeed stockholders Of
companies, but the first named three shares
and the others not ten venture say
not 81, 600. Tho whole prosecution Is iEciied
BY Alfred a. Cohen OF San Francisco, whom you may
remember dug out Of the coal heaps in the Pacific
Mail steamship scandal years ago. He turned up again
in the Bank OF California scandal and II claimed he
had made tool opoor Kasion In affairs involving
large sums of money He came hero To Now York
couple OF years ago the representative OF the Ma
tional Telegraph Company with presumably sub
scribcd capital OF $50. 900, rival OF Western
Cnion but was advised to go home by an old Cali
fornian-a friend OF his-and he went Now. 10 come
back to his relations with the Central Pacific road He
was formerly III our employment, and we hnvo very
good reasons to believe that he received IN commits
sons between $500, 600 and $4O0, 900 from persons
furnishing supplies and material TO the company,
suits for which have been commenced IL is true wO
are Offering bonds Of our road Europe and in this
country, and the object OF this attack
discontinue suits against Cohen We have authority
from Congress To issue bonds to the extent OF $40 900
mile, and have land grant besides while portion Of
tho has $780, 900 per mile is the finest
triumph of engineering skill in the world. The south
ern Pacific is finished 10 Dos Palmos
The President OF the Stock Exchange. Major George
W. Mclean. Mt his Office in Broad street. and
told the writer that yet the Stock Exchange had re-
ccivcd no notice OF the threatened protest from the
Southern Pacific stockholders, but II might be cx-
pected by mail II was reasonable to suppose from tho
despatch that the memoriallss would select the post
as tho medium OF communication with the. Exchange