The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1892-04-26
THE RAILROADS.
Huntington and the Metropolitan
+, Trust COmpany's Deal.
The Reason Why the Railroad Commissioners
-. DID Not Meet Yesterdsy-Stanford
Leaves for Washington.

The published statement that the Metro
poiItan Trust Company has foreclosed its
mortgage on the North Pacific Coast road is
correct in every particular, despite the
denial OF eX-officials OF this line and the
weak contradiction of q morning con-
temporary that missed the most importat
piece of railroad news published in this city
for many months. While there are some
who deny the fact. there Is one man who
does not and that man is Coils p Hunt
iDgton, who is a stakeholder OF the Metro
politan Trust Company. Yesterday, when
spoken to In regard to the matter. he stated
that he did not know what had been done,
but that it was quite possible that the deal
as reported could have been made without
his knowledge.
prominent capitalist OF Chicago now
registered at the Palace who was at one
time heavy stockho in the trust COM
pany above mentioned, talked for an hour
yesterday Of the North Pacific Coast fore
closure. be said:
mt. Huntington has never been heavy
stakeholder in the Metropolitan Trust Com
paDy. but be knows well enough that this
company has held mortgage on the North
Pacific Coast property for the past six
months. He is also cognlzant OF the suit
brought to foreclose.
81 do not think that the New York con-
Germ will get the San Francisco and North
20 Pacific road, though there is another line in
California not yet mentioned on which it
holds mortgage. The Trust Company is
really controlled by Santa Fe men. About
four months ago Huntington had an offer
for his stock, but refused to sell. and in
view of recent developments ii is probable
the Southern Pacific man will now be ready
to buy"
a. A. Robinson, general manager of the
: Santa Fe Railroad. arrived here late Satur-
day evening in private car, Mr.. Robinson
is veteran railroad man and has been in
the Santa Fe service many years. He is
now second vice president OF the company
as well as general manager. A relative. D.
u. Robinson, is general manager of the
Atlantic and Pacific, the Santa Fe's West
ern division.
The Santa Fe's manager did not go to the
Palace and register as usual on arrival, and
there Is some reason to believe he was not
especially DESTROYS OF having his presence
here generally known. He had confer
eDce yesterday with General Agent Bissell
of the Atlantic and Pacific and also with
A. a. Grant OF the California and Nevada.
Mr.. Grant. who as contractor built most of
the Santa Fe lines in Southern California,
is an old personal friend of Mr.. Robinson.
d. w: Hitchcock, general agent Of the
Union Pacific, is due here from Chicago ON
Wednesday.
THE COMMISSIONERS.
60 The Board OF Railway Commissioners
did not meet yesterday. The reason given
out at the Office was that Rea had sickness
10 has family and could not attend. The
@ true reason was that Rea had an important
document TO submit and did not care TO see
IL opposed by Litehfeld, who Is opposed to
every move on the part Of the San Jose
Commissioner. The story of their woe was
published some time ago, and the width OF
Tue gull between them accurately me assured.
II IS fact that they are enemies. and Rea
knows we'll enough that he can do nothing
In The present trouble without Beckman's
support knowing this. he had yesterdays
meeting postponed for one week, or until
beckman arrives. The latter has tele-
gTaphed Secretary Kelly that he will attend
the next meeting of the board. 1t cannot be
learned what Traffic Manager Leeds has in
preparation for the Commissioners at their
next conference, but he is not asleep.
NOTES.
j. b. StetsoD, president OF the Traffic
Association, has returned, after an absence
OF several weeks In Southern California
The private car "Wanderer" left for New
York yesterday with party of Eastern
people, via the Vanderbilt lines
A report Of the Nevada County Narrow.
gauge Railroad Company was flied with the
Railroad Commissioners yesterday. The
company has capital of S242 200, a funded
debt of 100000 and q floating debt OF
$13.6l6 90. The total earnings last veal
amounted to $50. 696 Is. On December 81,
1891. the operation showed surplus OF
$112,961 70. The road runs from COlfax tS
Nevada City, a distance of % miles.
Senator Stanford left for Washington on
last Friday evening.
G. z. Huntington will conclude his busi.
ness Ina California about Friday, and on the
following evening will leave for New York.