The morning call., 1890-04-09
ALONG THE RAIL.
Election of Directors of the Cen.
trail Pacific.
An Important Meeting of the Stockholders of
the Southern Pacific to Be Held
Tc-Day-A Bad Year.

An election of Directors OF the Central
Pacific Railroad was held yesterday at
Fourth and Townsend streets with the fol-
lowing result: Leland Stanford, c. Z.
Huntington, Charles f. Croker. c. E.
Brotherton of London. A. n. Towne, limo
thy Hopkins and E. 81. Miller Jr.
To-day the Board of Directors will meet
for the purpose of electing officers for the
ensuing year. 1t is already decided that
this election will result as follows: Leland
Stanford, President; C. p. Huntington,
First President; c. F. Crocker. Sec
ond Vice-President; A. n Towne, Third
Vice-President; Timothy Hopkins, Treas
urer; E. II. Miller Jr., Secretary and Con-
troller
Secretary Miller's report for the year
ending March 3lst shows the gross earnings
of the Central Pacific to have been $3.50
2l5 10; operating expenses, SIC, $40 49,
net profits, 81, $50 600; funded debt, S60,56
sinking fund, $40, go; leaving balance of
S5O,6l0.
A meeting of the Southern Pacific Direc-
tors will also be held to-day. 1t will be the
most important meeting for many years.
Building projects and a general policy for
the ensuing year will be discussed.
Mr.. Fillmore has returned from tour Of
inspection on the lines in the southern por-
llOn Ol lut OIdLe. In an luteTNleW yesterday
he said: at has been a hard winter for the
Southern Pacific Company. Not alone in the
mountains, but IN Southern California also.
We have been compelled to make extensive
repairs in that section, for the rain played
sad havoc with our bridges and roadbed.
All is running smoothly now, however, and
traffic has resumed its normal condition
The prospects Of good wheat crop
were never better The outlook for fruit
the coming season in that section is good.
The country was never In better condition
or more prosperous"
When questioned as to the prospects of
tranScontluental road being built to San
Francisco in conjunction with the Donahue
line Mr.. Fillmore said:
" II Is not at all probable. What would
they come in here for? The travel and
freight business is now divided between
several roads, and the Southern Pacific
Company is not monopolizlng the traffic OF
this Coast by any means. The Atlantic and
Pacific is virtually competitor of the
Southern Pacific. This road can run its
trains through to San Francisco, and by an
agreement with our road are entitled to the
same privileges. They have road to Mo
jaYe of their own, and from that point they
lease our road So, why are they not as
much a competing line as any road could
be?"
When the general passenger agents of
the Western lines adopted form OF agree
ment for the reorganization of the Western
DidNCS Il dSStllbcI ASSOCllllOA D6GIEtdTN
Thompson was instructed to obtain the
signatures of the companies necessary TO
make 1t effective.
If all the roads had not signed it by April
I'd a meeting was to be held in Chicago on
the 4th.
The representatives of the roads did not
sign the agreement and the meeting was
held on April 4th. AT this meeting it was
shown that only nine roads had thus far
consented 10 the arrangement.
1t now seems that the failure of the COM
panies 10 append their signatures to the
agreement was due to misunderstanding.
Since this meeting all the roads concerned
have signed with the exception of the Wis
eonsin Central. This road, since its alb
sorptlun by the Northern Pacific has left
its traffic officials without the power to act,
and they must in all cases obtain the con-
sent OF the controlling power before sign
ing any agreement. 1t is probable that the
Wisconsin Central people win come to some
understanding with the Northern Pacific
management which will enable them to be-
come party to this important alliance.
Monday was an unusually busy day with
the ticke;agents along Montgomery and
Market streets
Many Of them claimed yesterday to be all
worn out with the work Of Monday in an
swerng the oft-repeated question, "Do you
think rates will be any lOwer?"
" People wont ask us that much longer"
said an agent in the Erie Office Yesterday
Gdu dSSulG Ou tlluL DblOIt EldU1 uayS
the reduced rates Will be restored to the old
tariff"
a Raymond & Whiteomb excursion will
be run from Boston to san Francisco, ar
irving in this city April 18th. The rates
will be greatly reduced, for on this occa-
sion the California Pioneers of New En-
gland, to the number Of about 80, will visit
California.
The Canadian Pacific Railroads earnings
for the month ending March 81, 1890, were
S363,C0O against $780, for the CORE
spending month last year.
CREED RAYMOND.
There is a great deal more in the resig-
nation of Greed Raymond from the law
department Of the Southern Pacific Com
pany than meets the eye or is generally
known" said a prominent railroad man to
CALL reporter yesterday. "Haymond is
not rich man, and he is not one to lose
sight of the dignity and emoluments of his
position. The actual fact of the matter is
lie is disguised, as several persons inti-
mately acquainted with him well know"
How is that?"
well, when he entered the service of the
company ten years ago there were on the
payroll many men whose business it was
solely to keep down the anti-railroad agita-
ton then in vogue. They were called upon
to fight hostile legislation both at Sacra-
ment0 and through the State, went IL con-
ventiOns and talked to candidates. Now
their occupation Is gone. The necessity
for them no longer exists. Feeling has in n
measure died out. Some Of these parties
have already been cut off by Haylnond's
advice ana others are expecting their sem
tence any day. They are all angry, and in
selecting victim for their wrath have
singled out Raymond
TIRED OF STRIFE.
81 know men who are even now on the
companys payroll continued the official,
who make it their business to Witty him
through railroad papers, at meetings and in
conversation with politicians in bar-rooms
and hotel corridors. | know, also, he has
received threatening letters, and the result
is he has become tired of it and prefers to
go elsewhere so as to free from such annoy
ance. One rumor, | know, that was circu-
lated to injure him with Senator Stanford
was that he intended entering for the Sena-
torship against him.
There Is another thing, and that is that
Raymond has been responsible for the with
drawal OF the Southern Pacific Company
from continued litigation When he took
charge at the death OF Judge Sanderson
there were 800 cases On the company's
records. Now there are not fifty. He took
hold of the cases promptly, settled the ma
Jorlty OF them when the claimants had any
rights and pushed others TO speedy trial. 1t.
means good deal to the public who is in
charge of that law department. If one is
appointed who is d stickler for TECHNICAL
ties, every one who gets hurt all over
the State Will have fight on his hands in
stead of having a chance Of settling the
matter equitably. Haymond's policy in this
f,.-f