New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-04-18
RAILROAD INTERESTS.
MP HUNTINGTON TO SENATOR STANFORD
EXPLAINING THE REMARKS MADE AT THE
eorrurRy PACIFIC BOARD MEETING.

EXPLAINING THE REMAkhS MADE Al A"h
SOUTHERN PACIFIC BOARD MEETING.
20, Francisco April 1.-THE following letter from
r p Huntington. recently elected president Of the
Southcrn Pacific Company, to senator Leland stanford
., pre,,dent Of the company, was made public this
evening: .,... ON.
southern Pacific COMPANY. Executive once;
san Francisco. Aprll 10, Io3o.
Dear Governor: - mani items mentioning Your
name and mine have laHN appc9iJ. III tnI ri,
tor me 10 writ, YOU a letter. hence MS communicatlo
although DO not apprehcnd any LANCER .a' you sl
or for s matter c,hcr 'e'' %ho do sia'' not
Altogether understand difference may tend to SIP
or,te our friends our views when at variance. have
been freely expressed, and It Is ncGle.s TO- ade II 70
aorocd 10 disagree Remarks that | recently made al
Tie southern Pacific Board meeting Were intended 2ny
subjects w words and especially the phrase ~hl,h
relates % the campaign use 81 ,ng ',nP|s r iu'
of tlc COMPANY to defeat the peoples choice nave
been construed In some quarters a. p,f'oial a'2c"
IMPRESSION. since did not intend 10 make such an
attach or to charge that you had us,d me companA
money 10 advance Your personal interests, or N any
Improper manner. and am satisfied that you nave
not done 50. Allow me al.o to gNpnI' h,o %,sn
as u'cS nave O'''' G. p. HUNTINGTON.
The hoard Of Directors of the southern Pacific
coupnny passed the following resolutions to-day. all
directors beng present 'N''Pb '-'"t''
Whereas. The recent election OK G. T. Huntington
10 The presidency Of this company affords ntunS
occasion nr nrpacenor in that occ therefore be it
rcsovcd Mat we hereby tender to the Hon. Leland
stanford our thank, Tor t tns o the oe ne hs
filed and Tor the integrity and ability WIN when ne
hn> detected the Affairs Of this company and while we
,y.l,,,,nc his successor to the Office which he now
nll, We tender to our former president. orr lcaitf
wishes mat he NAY realize the prosperity and happi
@ ,,hich arc The fitting reward OF long life Of
earnest activity and hish purpose
BOSTON AND MAINE AND EASTERN AGREE.
Boston. April l. ,~peciail-At last The terms OF
Consolidation FOR the business Of the Boston and Maine
and Eastern have been agreed upon by their directors
and stockholders. Meetings have been called to ap-
prove thl, action Meetings Of the directors Of the
Boston and Maine Eastern and the Conway road a
we'll were held this afternoon and committees Of the
directors selected agree upon terms Tor the con
.oid,iiau ~ tie three roads. These committees re-
ported "A plan Of union which WI, also iaNoranN
acted upon Ly the respective boards and
their stockholders Will meet on Nav to approve
ar disaprrove the terms agreed upon. The reports
u the different directors agreed upon the proposed
union upon a basis Of 52lO for Boston ana Name
stock $3.50 for the Eastern and Sl52 80 Tor TIE Con
Nay Rold The present Eastern K OF winch
th,q, are 81 400 shares viii become a Boston ana
,.ine first preferred stock entitled W dividends Of
4, uer cent per annum. rllo Prsesos capital 't"eis
of the Boston and Maine i 10000 sharte' Eastern
common, 1876 share, and Conway o'o'o snare9 >
a total q l3I 40 shares: In the division OF 'ns ne
rey sio,k one share OF Eastern takes -: 900 Oh
/ H.. now Io.ton and Maine. one share ~ conway
b. 900 Of the new. while the h9anrs 81 ea,I uiI
.i,r,., ~ m. present Boston and Name Stock VIII
,.,.i,. one new share additional or , 10 oil the con.
-oiated road stock II should he reuen 20 LIZA,
,hnr. ,r. = GOO share, - the stock 81 the conway
Tn,a In the treasury 81 the Eastern when VIII De,
,. th. nroucgfy Of the consolidated road, a. well
~ ~. stock II the Maine Central and several othcr
/ r,,t. AT present owned by the Boston.
r,,r f. AID o BUILDING ITS OWN ENGINES.
baltimore. Aun l. ,>pccaD.-Rcccnt large ad-
diti,ns 10 the force 81 employees OF the Mount Ciare
shops II the Baltimore and ohio Railroad IN TINS city
nave Increased IN. total number to more than 3oo'
/ ., and that part OF the city, which FOR awhile