, 1890-04-10
SOUTHERN PACIFIC.
Coils p. Huntington Chosen
Pre- sident.
HIS ADDRESS OF ACCEPTANCE
An Active and Liberal Future
Policy Indicated-Politics
to BE AvoiG1d.

SAN FRASCisco, April S.-"No, do
not think wo will build across the
Columbia river" said e. r. Huntington
to-day, when asked about the future Of
tho Southern Pacific company's interests
the Pacific Northwest. 1--WE will not
build to the Sound II the other roads
treat us fairly. 1t is not our policy to
invade tho territory of othcr lines and
we shall not do so, If satisfactory ar
rangoments with them are maintained"
"You refer to traffic arrangements, |
suppose" ,,. ,.,u ,n., ,,.,
traffic arrangements we have with the
Northern Pacific. MIR. Towne and MIR.
stubs have charge of that"
Mr.. Huntington said that II was not
true that the Seattle & Southern Rail-
way Company, which is organized TO
build from the Sound to Portland, was
organized in the interest of the North
ern Pacific company.
When asked about his negotiations with
Henry wizard for the purchase of large
coal fields in Washington. Huntington
said that nothing definite had been
reached and that the negotiations with
Willard were still In progress. "Since the
fact that the Southern Pacific was
trying to buy coal lands in Washington
have become known he said, "a mum
Der of owners of coal lands have come
forward with offers to sell, and some OF
their offers are being considered. The
company Is contemplating the purchase
OF l0,OOO acres OF coal lands in Washing
ton, which. with the 900 acres In the
tract upon which its Carbon Hill mines
are located, will give the company ~
coo acres in which tn develop coal
supply ior It's Pacific system. Coal has
been a source of enormous expense to
the company, but II expects soon to cut
down its annual coal bill greatly. The
average cost OF coal TO the company for
its Pacific system has been about 81 and
81. 10 per ton. A duty has been paid for
years on the largest part OF what has
been used.
~ think that when we own our own
source of supply we ought to supply
ourselves here at aboutB per ton. The
company has two coalers at San fedro
and San Matco engaged in bringing coal
from Puget sound tu san Pedro and san
Francisco, and will soon have in opera
ton the largest coalcr on the coast.
Huntington recently purchased tho
San Beneto. an iron steamer in the
European trade. which 10 now being
changed for coal-carrying at Newport
News on the Atlantic coast. Its capacity
is g. 800 tons dead weight, besides its
unker coal. IL will make the trip
around the horn very soon,
Mr.. Gage, commenting on Mr., Hunt
ington's views, in the Chronicle to
morrow will say; ut Is understood
that the Southern Pacific company IL
negotiating with the Northern Pacific
for new traffic arrangement between
Portland and the Puget sound, Us we'll
as ior coal lands. The Sound country Is
developing very rapidly and with the
large amount Of traffic and travel be-
tween that region and the region to the
south and other territory be
longing to the Southern Pacific
the company must have connection with
so important a commercial aud product.
i've center. The Southern Pacific com.
pany is also negotiatIong for the priyi'
lege OF running its trans through to
Tacoma, over the Northern Pacific track
from Portland. IL expected that the
arrangement will be In operation In a
few weeks. The southern Pacific com
pany will then run trains from san
Francisco to Tacoma without change,
II is anticipated that the Northern Pa
cinc will double track its line between
Portland and Tacoma, 1t this arrange.
ment should he perfected. A portion of
lluntingtons remarks may be inter
preted TO mean that they VIII not build
to the Sound, II the Northern Pacific
viii let them run over It's tracks,
and II not they will cross the Colu m biu
The Union Pacific and Great Northern
are soon TO have tTilnscontinental lines
to Seattle and the Southern Pacific will
bc there US well. The latter company
will this year devote great deal of
money to improving its lines in Oregon,
building short new ones, ami developing
It's local business here, but viii only
reach for the through business of tio
Sound country, which naturally belongs
to IT,"
san FRANonco, April 9.-At the an
nual meeting of the stockholders of the
Southern Pacific to-day, directors were
elected, who in turn elected the follow.
ing officers; President, G. +. Hunting.
toni first vice president, G. r. Croker;
second vice president, A. N. Towno;
third vice president, j. G. Stubbs.
In his address accepting the office of
president of the Southern Pacific com.
pany to DAY, q. 4. Huntington thanked
the board Of directors for the honor Of
placing him at the head Of the executive
department OF corporation with over
7, 800 miles of railroad, and capital Of
$3.50, 10000. He assured the directors
that he would be as true to the interests
OF the company In the future as in the
past ihN ht'ihANh NAAhN Nh1 lbait
II properly managed, could be made
to advance the best interests OF the state,
and that, too, without doing injustice to
its owners, as their intsrests could not
be better served than by building
branches into all the beautiful valleys OF
California and the Uher states and terri
tories through which the company's
| lines have been extended.
lie closed his address by enjoining the
officers of the company not 10 Interfere
in political affairs. Hcsaid: "Corrora-
,ions should not he used to advance the
interests OF this party or that, or To raise
up any one man or pull down another,
and this corporation shall not be so used
hencefOrth Tor any such purpose, IL Its
president can prevent II, but he will do
all that he can to bring tho property up
to the highest state Of efficiency at u
minimum cost, not forgetting that
There is Withholding that leadeth to
poverty"
JACK THE HOPPER AGAJN