The morning call., 1893-03-21
A MILLION SHORT.
Mr.. Huntington's Income
Is Curtailed.
ANNUAL REPORT OF HIS ROAD.
The Clipper Ships and the Panama
Steamers Are the Cause of
the Shortage.

During the first week in April. presumably
April G. the annual meeting of the stock
holders of TIE Southern Pacific Company
of Kentucky will be held in this city.
c. P. Huntington will not be present at
that meeting, but it is stated on good author
ity that the reports which will be rendered
by his officers on that occasion will show a
falling off Of 100000 in the net earn
ings Of the road during the year.
Fully million lost to the Southern Pa
cifc Company during the past year of COM
petition by clipper ships and Panama
steamers means a great deal of gain TO the
merchants and shippers of California, and
for beginning this is very promising
figure.
The North American Navigation Com
pany's steamer Mexico commenced to take
in freight yesterday on Lombard-street
wharf
A full cargo. a large percentage of which
is for Europe, is on hand and the steamer
will have all the freight she can possibly
carry.
The Traffic Association has been busy
with the financial end of the new steamship
company, and has done some very success
full work during the past few weeks.
1t is intended to raise a capital stock OF
S1,000000, with S250000 paid ~, and very
near iDhJ amour mas Dt6u SbCuIPu alTc&uy.
a pleasing feature In this res ect is that
the men who invest their money in the
North American Navigation Company are
all merchants and shippers, who themselves
patroniZe tile Transportation line they have
given financial support to.
The Traffic Association will shortly take
MP the question of whether the San Joaquin
River can be made naVigable all the year
round or not.
Some time ago Major Heuer of the United
States Engineers Department reported that
tie many slOughs on the Upper San Joaquin
drained that river so dry during the sum
mer months as to prevent navigation.
The Ttailic Association proposes 10 send
an engineer up that river to find ways and
means by which those slOughs can be
blocked and The volume of water in the
river can be retained, so as to permit steam
ers to travel at all times as lar north as
Flrebaughs Landing at least.
The cost vi the work necessary to accom-
psh this is estimated at less than 100000,
and the shippers along the river will gladly
contribute their share toward having il
done.
Incidentally other interior rivers will also
receive attention soon, it being the inten-
ton Of the Traffic Association to use water
transportation extensively, so n to connect
the interior counties as far as possible with
the North American Navigation Company's
steamers.
meeting of general passenger agents
was held in ParlOr of the Palace Hotel
yesterday, Ohm P. Mccarthy of the Wabash
road presiding and c. NJ. Mudgeit of the
Burlington acting as secretary
The old, old question of commissions was
brought up again by 7. II. Goodman and
mat WORKOUT subject was again fully dis
cussed.
There was, however, no change made in
the present existing arrangement, aud it
was agreed not to take any steps whatever
until after the trsnscontinental meeting to
be held in Chicago on April II.
+. A Ford, the general passenger agent
OK the Pennsylvania system west Of Pitts
burg. is travelling over the State ana ar
rived last night 10 q special car with party
of friends
John Wanamakar OF Philadelphia, ex-
Postmaster-General. and his party of twelve
are now touring in Mexico and Will arrive
here On April 13.