New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-12-02
A FAVORABLE OUTLOOK.
c. P. HUNTINGTON on RAILROAD MATTERS
HE THINKS THE NEW MANAGENENTS OF HE
UNION PACIFIC AND PACIFIC NAIL WILL
BE FAVORABLE To SOUTHERN

HE THINKS THE NEW NANA6EMENIo VI i4A-
UNION PACIFIC AND PACIFIC NAIL WILL
BE FAVORABLE To SOUTHERN
PACIFIC INTERESTS.
since his arrival from California. c. p Hun'ihE'o"
has been loath to tax publicly upon the many P"'s
,Ios now nronipont in tlo railroad world lie eN-
nressed his sympathv with all efforts to improve uo
railroad Situation and stated that the conot""9 Ia"
been unfavo,ably exaggerated IN many reP'.N
Tribune reporter submitted several i"Vui''o
huntington vino Yesterday made pubiic i9 IoP''' y"
follows: , so.oa
Were Won in fun harmony with the cna'-e9 ''''''O
in Pacific Nail, and what erect viii "'''
transcontinen'al relations ID, i
"r was entirely satisfied with the CHANGES 'duo IL
thc Pacific Mail Board OF Directors vas III
fornia when the old Board was clec'eo anu dSo a. -"
.s,I"a ,no chances were made. Mr.. Houston, the
present vice president and general ''Sl"-''' - az
mon and has md much experience in the manascHh".
80 +oa,sbin nroperties and think the present Board
c+d wisely in securing his services as they nave
dome I think the relations of the racine Mah '"".'
chin Companv to the overland railroads VIII reI""i"
A. tbov have been heretofore, their best Interests he
T., that direction. The rates that are ctHfESu Wv
both water and rail lines between the Atah''c anu
pac,ec are so low that they will not allow OF any
rate cutting and think this is we'll understood o'
thc owners Of these properties
uIIo,y Far were Won interested with Mr. Gould IN
his securing control OF the management OF 'e ''''
Pacific -.
al hardly know how to answer as ! have p"t
, tbou.and shares Of Union Pacific II Won mean
IN ask how Mr. Goulds control Of the lmoh Id'iN
affects nv interests in other roads should say '''
ably As a man Of his great abinN' VII"
large holdings Of TIE shares OF the thio" i"'u,
would be much more likely 70 pursue couS''N"''
noucy than would he the case if there were mum
tude Of shareholders and the road were oIu'''VU ~
men Of small or no holdings OF the shares OF 'c prop
crty they are controlling. In fact rates nav ~
so cut down by transportation companies o"''-oi"
by men who had no ownership IN thein' ,''' ''l.
OF the companies have become nearly pa"hruP'' "''
I am unite sure the public satisfied that inc rates
OF fares and frechts too low and Wou'u IN' ~
see rates established that would give far return 10
the owners Of the property
And what effect will ii have on legislation !"
Congress on Pacific Railroad matters '
As 10 the effect that the change IN o"Ier'"P VI
some Of the large properties will have on congress
must cav I do not know but | think it Will be
favorable as there is quite different iee!InE I'D '9
country now from what there was some yeas '-''
Then il was generally thought the transportation com.
panies were making too much money "Hr '""
at the present time il is generally UNDERSTOOD "'''
rates are too low and that many shareholders are hol
rettng any dividends who are sorcly in need Of them
What was the real meaning % Mr.. Adams'' ro>s-
nation and remarks in hi, farewell address on TINS
point
Il cannot say. but saw nothing IN President
AdanSS address
other than that he was there had been change
in the ownership Of large number of shares
of the Union Pacific Company; that The new
owners lived mostly in NewNork. and that
they would naturally Ike to lave New
York man for president, hence his re~suaton'
and FOR the same reasons it accepted thInk
no one objected 10 Mr. Adams, as he certainly is
very able man: vet 1t would be strange If lie under
stood the management Of a raroad with so extensive
a mileage and 50 many complications as TIE Union
Pacific has a, well As would the present president
with his vast experience in building and operating
railroads.
DO you think the change in the management OF
Union Pacific viii lead 10 solution Of the western
railway rate problem?'
Il think it will help 20 solve the problem. it
will bring the owners directly into the manage
mcnt than they have been heretofore AID am quiie
sure that il VIII work well with all other tnanscoI-
tinenth companic, 10 make rates that viii return
something to the owners Of the properties Eel sure
the people of this country satisfied that the raj!
road rates are below what lhey 'h ,l be to maze
fair returns 10 those who created them
What !, TN" present condition of the Western rail
7 do NOT know lust how it stands, but think the
owners os all great IA lIOad lines wc> Of Chicago
have become satisfied that something must be- done
10 prevent IatccUiiing. their proDerte, ar value
les Then th> rate cutting is almost a. BAD T. me
large majority who Use IN" roads a il j. 1! Ia, o"nc
TO- t1c rate, a,e cut t. be et tAt rev. VINO 1p @
shippers who pay the ragIar rate"
WRIT i the political piuoIec' IN CaHiorh" IL ~
- suppose most people think ought 70 be able
10 answer that question but ! am not ~ wa very
busy while IN California looking after me interests
OF ihc southern Pacific Company. ana ih 80 uIl"
or inclination 10 loon after political matters. Thought
our company had had quite too murA 10 do WIN
politics heretofore 20 wa, ana am mablhI an eil
created. To wit. transportation oi persons ana
property