The morning call., 1891-08-02
HUNTINGTON TALKS.
He Considers Mrs. SearleS' Will a Very
Sensible One.
Says a Contest Would Be UDWiSe-NO Rea.
sons for Change in the Manage
ment Of the Southern Pacific.
specialto THE MORNING CALL

New YORK, Aug. 1.-The World quotes a
New York lawyer as saying that If Timothy
Hopkins tries to break Mrs. Searles' will he
has not much to stand on i'll law. Coils Z.
Huntington may, however. support him to
court of last resort, because 1t is to his
interest to do so. Hopkins holds an official
position in the Southern Pacific road.
With him in control of the Hopkins stock
Huntington would have nothing to fear
II Searles elects to show his hand there Is
no telling what course he will take.
1t is clearly to Huntington's advan-
tage 10 support young Hopkins.
Huntington said to-day that he did
SCarles in the management of the Southern
Pacific. and added Mrs. Searles made a
very sensible will. 1 am inclined to think
Hopkins will not make a contest He is a
sensible young man and will not, am sure,
allow any designing persons to influence
him into doing what his good judgment
will tell him is a piece OF folly.
Furthermore. l do not see that he
has any reason to find fault His foster
mother gave him residence worth abont
S750,0C0. 1t cost Milton S. Latham 81, ,O0O,-
600 for the grounds and building. Besides
that, believe he received $780, 900 as mar
riage gift"
When asked the value of Mrs. Searles'
estate Huntington said: 81 do not wish to
say0 of course L know, but the figures can
not be named"
"Win S20,OOO,OOO cover everything" "No.
1t is more than that; much more-a very
tidy increase over that amount"
"Wll Timothy Hopkins be continued in
the position as Treasurer OF the Southern
Pacifc?'
Il am not able to say anything about that
now. He was elected at the request of
Mrs. Hopkins ana given $4,000 year for
his services. Tim is nice, young, quiet,
well-behayed and industrious young man.
He is not in any sense great
business man. AT least never so
considered him. There is no particular
reason why we should pay him $4,000, but
we did it because the request was made by
his mother by adoption. We can get just
as good man for considerably less salary.
L do not bother myself about those matters
anyway. The question of Hopkins reten-
ton IS one | cannot discuss now
VIII the death OF Mrs. Searles affect the
management OF the Southern Pacifc?"
''0h no; | have no idea that it will. There
does not appear to be anything to suggest
change of any kind. Searles is big man
mentally and takes broad view of matters.
He is just the man to look after an estate.
l suppose he will not care to engross him.
self with every detail of the business. His
agents in San Francisco are Stillwell s.
Hubbard. They have attended to the rail-
way interests since Hopkins died,
and l am inclined to believe that they
will continue to act for Searles.
Mrs. Searles acted wisely when she left all
her property to her husband. There are
many reasons for this. One is that he is
able to rise to the occasion; another is that
there are so many different interests in the
estate which run in the same channel that
1t would have been pity il they had been
divided"
James DUMMY, California millionaire,
was in New York to-day. Many New York
lawyers express the belief that Timothy's
chances are slender unless he could prove
undue influence.