Los Angeles herald., 1891-07-14

the Rockafellers in their various plans,
has a brother in ex-senator T. j. Car
ran, who lives at 72l West Twenty
third street, in this city. The latter was
seen late last evening by a HERALD re-
porter, and he told an interesting story
OF the gigantic plans of William Rocka-
teller in particular. Those plans which
are of interest to residents of California,
are of course, connected with his rail-
road property.
civilian Rockefeller" he said, "has
had for considerable time an ambi-
ton to be the president of great trans
continental railroad line, and has been
gradually making purchases as the
blocks OF stock as would tend
great systems, until, about year ago,
he could, if he had wished, have been
elected to the presidency of the Union
Pacific and Southern Pacific roads, and
had controlling interest in the North
ern Pacific. The stock in the various
roads owned by Stanford and Mrs.
Searles had all passed into his hands,
together with other large blocks, in
amount as yet unknown.
When the time came that he could
have accomplished his desire, and been
elected to the position he coveted, pru-
dence called halt, and Mr.. Hunting
ton, with his knowledge and experience,
was left at the head of the business with
which he was acquainted"
With regard to the rumor that Rocka-
feller would take charge of the Southern
Pacific in September, Mr.. Carran was
not positive that the rumor was so.
That he could do SO if he
wished was fact, but PEI
sonally Mr.. Carran was of the opin-
ion that unless Huntington wanted to
step out there was no reason why Mr..
Rockefeller should take the reins into
his own hands. He was of the opinion
that Mr.. Rockafeller's control of the
road would be good thing both for the
road and the people of California. Ev-
erything that he has touched has proved
a success in his hands, and he has
record of having made lower prices for
the public and higher prices for his en-
ployes than any other large employer of
labor in the country. In the Standard
Oil company he has reduced the price of
refined oil from $3.50 to about 18 cents
per gallon, and the company has never
had defaulting employe and scarcely
dissatisfied one. If he can do as we'll
by the railroads as that, his control of
the railroads is a thing to be thankful
for.
"Another FEATURE" said Mr.. Carran,
'of the business is, that the Rockafellers
bave never taken hold of anything that
did not prove paying investment, and
this endeavor to become possessed of
California roads indicates great conf
dence in the future of the Golden State.
If he pursues his usual policy of reduc-
ing rates for the public, the business of
exporting fruit and vegetable products
will receive a great impetus, and pros
perity of very stable and permanent
character is likely to result"
Mr.. Carran was very positive that Mr..
Rockefeller held controlling interest in
the railroads mentioned, but his in
formation as to the great fnancer's in
tentions regarding his great purchases
was not so positive, he having, as he
said, not taken the trouble to ask when
in position to ascertain. Certainly,
however, he was of the opinion that his
ownership of the lines would be bene-
fit to them and to their patrons, owing
to his high order of business talent and
his well-known lioeral policy in all his
dealings with the public.
THE OBSERVATION-DISCLOSURES EPISODE.
A HERALD reporter met gentleman
yesterday, we'll informed on Southern
Pacific matters, who claims to know
why G. p. Huntington decided to re-
move General Manager A. N. Towne of
the Pacific division of the Southern Pa
cifc.
s'Towne is a man who is most Jealous
of Y,ouyar bo, ooiI CHA hos triad to
do up all the other officials. particu-
larly Stubbs, and Stubbs is one of the
few men for whom Huntington cares
You remember when Stubbs
resigned and Huntington made him
come back. Well, happen to know
that when the resignation came in,
Towne wrote to Huntington to the ef
feet that getting rid of Stubbs would be
a good thing for the road, as there were
plenty of men just as able as he, who
would work for very small part Of his
salary. When Stubs came back, Towne
went up to him and expressed his pleas
ure at seeing him back, but Stubbs re-
piled in such a way that Towne knew
that he had seen his letter to Hunting
ton.
Since then the two men have been at
outs, and Towne has persistently tried
to down Stubbs. In a local matter here
just little while ago, Towne set a nice
little trap for Stubbs and he fell into it,
and in consequence had to do lot of
explaining to Huntington, but think
it all fell back on Towne's shoulders.
The latter cannot brook any authority
and Huntington cannot brook any in
dependence, and he is friend OF
Stubbs, and there you have the whole
matter explained.