New-York tribune., 1890-05-29
MR. HUNTINGTON VICTORIOUS
WINNING THE PACIFIC NAIL ELECTION
THERE WAS 40 OPPOSITION TIcKEr-EFFEcT OF
MR.. GouLDs RETIREMENT. B. HoUs-
TON MADE PRESIDENT.


There was no sign Of a contest at the election
NJ the directors Of the Pacific Mail steamship Com
many which took place yesterday at the pier at
c,naI.et North River As prcsagcd in The
rrih,re of Yesterday the Gould party did not even
mt nm a ticket and the following directors were
elected: Coils r. huntington. Henry Hart, Isaac r.
Gates Calvin : Price, samuel Thomas, Oliver II.
Pavnc Edward Lautcrbach, Charles VI. Mcohoc ana
/ r. Houston only about 10000 OF the 2Oo'ooo
shares Of stock were voted.
George J. Could the retiring president. in his
rcnort referred 10 the speed Of the company's
new steamer China which has broken the record
acro,, the Pacific both ways and to tn" purchase
of a new vessel the BarrcOua. Mention was ais"
n sdc Of the wreck Of the Granada. which proved
total loss In reference TO The negotiations to make
Tacoma q terminus of the company. Nr Gould says :
I'm Januarv last / negotiated contract with ne
Northern Pacific Railway Company to run = hchihN
l.nc LctWecn Tacoma and Japan ana emma. Inc
more advantageous divisions ot W. i i, rHrl,nc m -"
through traffic via tlc northern racine h''l"af; on
,lc basis OF last years lu'iGc>S, would nav Hvch
the Pacific Mail steamship Company 100000 NOR"
net revenue than they received. ana thc io"gr price
.t which coal could have bccu obtained ~ Tacoma.
compared with what we plih IN & oan fin,,'"' % %W"tu
have saved an ddctondl S"o,oOD' u'dI sdN.nS
to this COMPANY gi 100000 IL ,Hm Hhul,imm 10 w. ,n,
title to a valuable water front # We would maintain
the line for one year. This contract W"uW haVo
eliminated the Northern Pacihc SAILING ships as com
railroad influences in our Board prevented the con
hrnation Of the contract
Another part If the report which i significant,
viewed in the light of the success ." Mr. luntngtons
Ticket deals with the relation, between the Occ!.
dental and Oriental steamship Company and tho
Pacific Mail These" SAYS Nr. Gould. have been
somewhat strained. Under present arrangements
ioiu agencies are maintained ~ Yokohama and Hong
KOnc this company and the occidental and Oriental
steamship Company sharing equally In the expenses
II said agencies. Tho figures Of the last wear. how
.s.F
ship Company's boats have carried nearly third
more cargo Than this company's ships although your
steamer, have not all come fully loaded. ] recon
mend that the trans Pacific buslno@> he pooled
failing this. that separate agencies be established in
the Interest entirely Of the Pacific Man steamship
Company
one result Of the election will he that the two
companies Will De placed on an entirely anlcablo
footing, ~ the occidental and oriental {, owned by
tire uion Pacific and Central Pacific Railroad com
panic, and Mr. Huntington is heavily interested In
The Latter corporation. Hence t Is Inevitable that
the two steamship cpmp1nic- should be- ran % that
the greatest pos lbl" benefit VIII result to each.
The negotiations tn make Tacoma t"rmiuu, of the
Pacific Mall of course. end with the election. -uch
plan would Do" Injurious to Nr. iluntn-tou'- south
tho defeat of the could element. 10 IS aid VIII bc ha,
the company Viii obtain better Compensation from
tho ovcrH Inc, TO- IFS service On maintaining trans.
Continental rates. TIE addition ~ oliver n. Payne
representing the standard pl interests. and N",s-,
iuc" and Thoma, 10 fh" directory j, expected To-
>t7cn -tAcu the company.
Tn" uCW Board met lt 3 D. m.. ard According to
th" pr'raiumo p1UI-h~! iH The Irlun" vc-'crria,
elected y. y. Hsi-'on precedent. ~ arl ianicr
!ncA va, r""lcotci virc PRESIDENT Iad the other
u,Iccr, held over