Los Angeles herald., 1892-06-25
THE RAILROADS,
Arrival Of the Santa Fe Com
pany's President.
Crank to Be General Manager of the
New Street Railway Company.
Mr.. Peck Talks About Railroads and
Politics-Gossip from San Fran
cisco About Msnveps visit.
The Consolidation.

Further details were learned yester-
day of the consolidation of the electric
and cable street railway companies,
which was yesterday exclusively pub
lished in the HERALD. The final steps
will be taken in few days and then the
matter will be contaminated.
His friends will be glad to learn that
according to the understanding reached
by the representatives of the two COM
panies. Mr.. j. F. Crank will be provided
for, as he will be made general manager
of the new company. General Sherman
will continue as president, and General
Manager Clark, of the electric company,
will be given an excellent position.
The consolidation will be effected by
means OF proceedings brought ostensibly
by the first mortgage bcndholders of the
cable road, who have deposited their
bonds with }. M. Mckee of San Fran
the road in, and will then turn it over to
the electric company. This proceeding
will leave the second mortgage bond
will clear the title of the road from all
claims.
SANTA FE NoTABLEs.
George R. Peck, one of the board of
directors and also the head of the law
department OF the entire Santa Fe sys-
tenn, arrived from San Francisco on the
afternoon train today, in company with
President Marvel. To reporter Mr..
Peck stated that they were out here on
business connected with the road, but
not in regard to any new exteneions.
He has very high opinion of Southern
California, and regards this portion of
their system very highly, and that under
Mr.. Wade's efficient management the
Southern California is improving all the
time and shows gratifying increase in
its earnings. Mr.. Peck is representing
the Transmissouri Freight association in
the suit brought at the instance of the
attorney-general of the United States for
alleged violation of the antitrust law,
and in answer to an inquiry said that he
hardly thought that the suit would be
decided against them, but in case it was
the result would be very far-reaching,
and would possibly effect the Trans
continental association. Mr.. Peck, who
is one of the most prominent Republi-
cans in the state of Kansas and was ten
dered the position of United States SEN
atOr made vacant by the death of Sem
ator Plumb but refused it, said that he
did not regard the fusion movement in
that state with any alarm, and thought
that it would not amount to anything.
He is of the opinion that Cleveland
would give Harrison a very hard fight,
but thought that the chances decidedly
favored President Harrison's reelection.
He thinks that Blaine's resignation
from the cabinet was the cause of his
defeat at Minneapolis, and but for that
he, might have had the nomination.
He is visiting his sister Mrs. DR.. w.
W. Rose of this city. He leaves for San
Diego this afternoon in company with
President Marvel, but returns next
week and will then remain few days
longer in the city.
Mr.. Marvel had nothing to add to his
interview in San Francisco published in
the HERALD some days ago. He was
weary from his long journey and re-
tired early at the Westminster.
Regarding President Manvel's visit to
San Francisco, the following Associated
Press dispatch records the latest San
Francisco gossip:
SAN Francisco, June 24.-The Post
today says that in making visit to San
Francisco at this special time, President
Marvel of the Santa Fe road had the
three following objects in view:
First-To carefully inspect the Dona-
hue road and examine the books of the
company.
Second-To see if another road could
be built to Mojave at less cost than by
purchasing the Donohue road and ex-
tending it.
Third-To consult with the officers of
the Southern Pacific Railroad company,
and to definitely settle whether they
would be met by the opposition Of that
corporation in the event OF their con-
cluding to build to this city.
The Post says: "Since President
Marvel has been in the city he has had
more than one interview with President
Burgin of the Donahue system. The
books of the company have been open
to President Marvel and the three col
| leagues who accompanied him. Those
who are on the inside state that Marvel
has come to the conclusion that the
most practicable way for the Santa Fe
to get into this city will be for it to OBJ.
tain control of the Donohue line, and
that at the forthcoming sale OF the road
| tho Santa To will no %h q most rrOninouf n