The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1890-05-19
Willard and Huntington Con-
troll the Pacific Nail
The Nan Who Made George Goald On
nakss Hin Again.
PAN - shs va1ss ef ths Dteek De -
shs Yosng Nss's Maaagsaeat-fIart
Hraass Assut Dssl Estvssa willard
sna Hunsis9ssa.

New Yonx, May ia-Ths 75mo says:
Jay Could interested Wall street couple
Of years ago by eiecsiug his son. George.
president OF the Pacific Mail Steamship
Company. and abounding iaies then ran
naeTrily around, promising wonderful de-
vclcpments in the company's affairs. The
company's past was 10 Re tribe only
compared with the new gioEics and new
profits that the Gould regime assured, bat
somehow or other the predicted fortunes
failed to come Pacific Mail stock was ssp
around SO share IN the stock market
then. thas been down in the neighbor.
hood Of So share since then. 1t Is. under
the circumstances. hardly surprising that
some OF the big stockholders who Thought
their original investment was q good deal
beyond present market values. have lately
dropped little OF the cement of rever-
enee oat Of their dispositions. Young
George Gould now appears to them =
slightly less important parsonage than he
seemed when his father was starring him
twenIy-four months aso. Mutterings OF
accommodating wrath on this score have
been long heard IN Wall street.
II was not until yesterday. however. that
the outsiders were able to discover that the
49,
talk up With acts, but they do. George
Gould IL to be retired from the presidency
OF the Pacific Mail Company. C. P. Hunt
and Henry Willard Is allied with him. Il Is
stated with what is practical official author.
ity that the majority Of the company's
capital stock has already been put into the
names Of Huntington and Willard or their
representatives.
This contemplaies one Of the most inn
portant deals OF recent years in the finan-
ciai world. Jay Gould and his friends are
said to have been caught mapping. never
suspecting that Huntington and Willard
would undertake 70 capture the exclusive
control Of the property. There have been
few open suggestions that either Hunting
ton or Willard was figuring actively In the
matter Both have been out Of town,
apparently devosing themselves t. other
business.
George Gould was put in the Pacific Mail
partly through the work OF one man
Henry Hart. Everybody knows Henry
Hart in New York. He Is little fellow
physically. but he Is big financially. He
has some millions ef dollars and weartold
clothes. He owns coupe Of street rail-
ways and rides in cab. II was no fauit
Of Henry Hart that the Pacific Mail market
values shrunk. He played fair and in the
feeling euphony of these latter days, "he
was done MP"
The shrinkage in quotations, II has been
estimated. represented an apparent loss on
Hart's Pacific Mail account approximating
one million. Through Hart's manipula-
ticns Willard and Huntington, who have
Offices in the same Wall street building.
were brought together.
The success OF the anti-Gouid movement
will mean the harmony Of the immense i'm
terest represented in the West, Northwest
and Southwest by Huntington and Viii
lard, enterprises never hitherto having
anything Of consequences In common.
Both have much to gain through the new
deai. IL Is. Of course. not proposed by
Huntington TO cut of the Pacific Mails
important San Francisco connections. but
there is special interest In the concessions
that it is declared are 10 be made to Willard
through the making Of m additional Pa
cific Mail port at Tacoma. This means in
estimable advantages and benefits for VIII
lard's Northern Pacific, one Of Mr.. Viz
lard's friends declaring that the consum-
nation OF the deal will be the greatest &C.
compiishment in Northern Pacific history.
while it may be fairly suspected that Hunt
ington would not be taking any hand in 1t
unless he saw profits on his side too. II is
predicted that Huntington's personal and
business friend, Captain John McLaugh-
lin. OF the Brazilian line OF steamers, will
Re elected president Of the Pacific Nail
Company - the coming annual election
ten davx hence