The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1892-04-07
ALONG THE RAIL.
Two New Directors for the South.
ern Pacific Company.
Huntington Recommends Tha. eomsthing Be
Done to Build Up and Protect the
Industries of California.

The Southern Pacific stockholders met
yesterday and reelected the old board of
directors with only two exceptions.
II. f. Huntington and George Croker
were elected to take the place of W. V.
Huntington and w. S. Brown, making the
new board as follows: c. F. Huntington,
Leland Stanford, Charles F. Croker,
Thomas E. Stilman, Thomas III. Hubbard,
A. n. Towne, j. c. Stubs, E. Ii. Miller Jr.,
s L. Gage, Ii. E. Huntington and George
Croker.
OF Sis S64. 10 capital stock of the com =
pany outstanding SIG, 902, 925 was repre-
sented atyeSterday's meeting. The election
OF officers viii take place to-day. and it is
now reported that II. E. Huntington will
succeed Timothy hopkins in the Office Of
treasurer instead of n. T. Smith, at the
present time assistant treasurer
President Huntington submitted the fol-
lowing report, which originally contained
statement of earnings and operating ex-
penses taken from the annual report OF Sec
rotary Lansing. The figures, however, can
not be made public:
HUNTINGToN's ADDRESS.
To the Stockholders: The president and
directors OF this company have to report that
main satisfactory. The surplus OF earnings
over nxed and operating or current expenses
has Dctn Snalt. Owing 10 many causes, among
which may be mentioned The extreme cast OF
fuel and many other articles largely used In
operating the long lines OF the company which
The Eastern roads are able TO get At much
lower prices aud this surplus has been used
In improving your property and thereby adding
10 the safety OF persons and property that
you transport. But II Is gratifying TO be able to
report that The crops In the territory trayersed
by your roads have been fairly good. and the
earnings are as large as the owners OF the prop
erly could have expected.
While your president aud directors see no way
10 Increase these earnings until there is larger
tonnage or transportation, yet they believe That
the time is not far distant when The tonnage
coming 10 the road VIII be greatly augmented by
tho steady and rapid Increase of producers
Although the stockholders have not received
dividends upon their shares, they can deservedly
congratulate themselves that they have done
much In building up many portions OF California.
In Improving tho condition OF the people living
along the lines that pass through the dry high
lands In the interior OF the continent, and In en-
HANGING the value OF land In the far outlying dis
tIlcls of the State that were worth lille fore
the roads were built, and are now, many of them.
worth ten times as much By reason OF such con.
struction. This we are quite sure Will be quite
satisfaction 10 the stockholders, for IL IL in the
direction OF the company's future prosperity.
The Increase OF an intelligent aud working popu-
lalion In California viii add largely TO tie ton
mage that the railroads VIII receive. aud this,
while naturally permitting 4 reduction OF rates
10 lie people who use the road, viii also give TO
the shareholders some returns upon their invest
ments.
Your president and directors hope that some
organization will be formed In tins State for the
systematic dissemination OF facts concerning the
| qualify OF the soil aud the advantageous cOndi-
tons OF climate that are 10 Dc found everywhere
| upon The Pacific Slope. Such information spread
| widely among tns people In o'her and less IA
yored parts OF the United States aud in Western
! Europe would result Ia a harvest OF thrifty Deo-
! pie, who would b, of inestlmable benefit 10 the
/ State. III these newcomers meet with hearty en-
couiagcment and arc p: divided with homes at the
minimum cost they will be SO well satisfied with
their lot that they VIII ask their friends left be-
hind 10 join them IN similar investments, aud
1 snare
| toyments on this sid of our continent IL Is 10
be hoped that the Efforts 10 tear down VIII be
replaced by wise ana honorable eudeavorS TO
build up ana protect the various industries
which determine The prosperity of The State.
THE TRAFFIC ASSOCIATION.
At meeting of the executive committee
| of the Traffic Association yesterday the re-
/ cent address of Railroad Commissioner Rea,
copies of which were ordered sent 10 all
members of the committee. was considered
at length. President j. b. Stetson was
! ordered to reply in communication which
will be sent to the Commissioners at their
meeting on next Monday. MI Stetson viii
| try to convince the commission that Traffic
| Manager Leeds Is an authorized representa-
tive OF the Traffic Association OF California.
| and that all communications submitted by
| him in this past have been sanctioned by the
| executive committee.
| The stockholders of the North Pacific
| Coast Railroad yesterday reelected the old
| board OF directors as follows: John w.
Coleman. William Steele. A. Borel. III. l..
Coleman, w. Young, j. Il. Mackie. W. X.
| Fortune. The directors meet to-day for a q
ele ton Of officers. No changes are antici-
| pated.
At q recent meeting of the Transconti-
! mental Association freight committee at
| Coronado the matter OF a reduction in rates
| on California fruits was discussed at length
and finally referred to the general meetin Z
| of the association. which takes place at Chi
! cagO On the 18Th inst.
The Castle Crag Hotel at Lower Soda
Springs has been completed by the Southern
| Pacific company.