Los Angeles herald., 1890-04-10
WEST COAST NEWS.
The Southern Pacific Diroc-
tory ReOrganized.
c. P. Huntington Duly Elected
President.
All the Vice-Presidents Promoted
One Degree Each.
President Huntington's Inaugural Ad-
dress-The Nationalist Clubs-Lumber
Dealers Convention, Etc.
Associated Press Dispatches. !

SAN FRANCISCO, April 9.-The annual
meeting of the stockholders OF the
Southern Pacific Company, was held at
Fourth and Townsend streets today.
The meeting was called at 10 O'Clock,
and did not adjourn until after 2 O'Clock
this afternoon. The following directors
were elected: C. p. Huntington, Le-
land Stanford, Charles f. Crocker,
Thomas E. Stillman, T. II. Hubbard, A.
N. Towne, w. N. Huntington and w. E.
Brown. The new Board of Directors
then met and elected officers as fol-
lows: President, c. p Huntington; 4;
first vice-president, G. f .Crocker; second
president, A. N. Towne; third vice.
president, j. G. Stubbs Mr.. Hunting
ton presented an address accepting the
office of president.
In his address accepting the office,
Mr.. Huntington said:
Gentlemen of the Board of Directors Of the
Southern Pacific Company:
thank you for the honor you have done
me in electing nae president OF the
Southern Pacific Company, for it is an
honor to be the head of the executive
department of this great corporation,
with its $500 miles and over of railroad !;
with it's $3.50, 100000 of capital; and l
promise YOU l will be as true to the in
terests of the company in the future as l
have been in the past. can promise
nothing more, for at all times my per-
sonal interest has been second to that of
the company. 1t shall be so in the
future, and in no case will l use this
great corporation to advance my per-
sonal ambition at the expense OF the
owners, or put my hands intoits treasury
to defeat the peoples choice, and thereby
put myself in positions that should be
filed by others; but to the best Of
my ability will | work for
the interest of the shareholders
OF the company and the people whom it
should serve. This company, if properly
controlled, can be made to advance very
largely the best interests of the State,
and that, too, without doing injustice
to its owners, for their interest could
not be better served than by building
branches into all the beautiful villages
of California and other States and Terri
tories through which its lines have been
extended; for, in so doing 1T will not
only DrlnS prOHG anu SiauIleSs w lhouo-
ands of people, but business to the main
lines of the company, which means
more money into it's treasury. 1t GER
tainly will be great satisfaction to your
president, and also should be to every
officer and employee of the company, to
know that while we are all working for
ourselves, the public who use the roads
OF the company are more benefited
than we. But, gentlemen, the best
possible results cannot be brought
about unless every officer of the
company gives his best attention to
the care of the company's interests,
which can be best done without inter
fering in political affairs. The people
are everywhere jealous of great corpora
tions. Let us conduct this company SO
that all good people will be with us. If
this is not done, your president will GER
tainly be on the side of the people.
Corporations should not be used to ad-
vance the interests of this party or that,
or to raise up any one man, or to pull
down another, and this corporation will
not be so used henceforth for any such
purpose if its president can prevent it +;
but he will do all he can to bring the
property to the highest state of eff
cheney at minimum cost, not forgetting
that ''There is Withholding that lead
eth to poverty"