The herald., 1893-07-23
CHAS. LATHROP IN LUCK.
MRS. STAMFORD MAY MAKE HER
BROTHER A DIRECTOR.
He Now Represents the Estate as Di'
rector In tho Market-street Gable
Company and IL Likely to
Be Promoted.

Charles Lathrop, the younger anu
favorite brother of Mrs. Stanford, has
succeeded Senator Stanford as director
in the Market Street Gable Railroad
company. Several days ago she desig.
mated him as her choice dor the place
made vacant by the death OF her hus-
band, and the directors complied with
her wishes and elected him as their as
sociate. says the San Francisco Ex-
aminer.
His election, OF course. does not mean
anything in the way OF q change in that
corporations policy, because the Stan
ford estate only holds one-fourth In
terest in it, and for the further reason
that its present policy is extremely satis-
factory to sll OF the four owners.
His election, however, Ia looked upon
by many people as straw indicating
which way the wind 10 blowing. Lathrop
is young man who is ambitious and
not without good business ability. About
q year and q halt before Senator Stan
ford died the latter placed him in
charge OF all OF his private business.
and in the discharge of that duty he has
been very active and has had large
lOIC0 Va ClCIko az WOLk IA 0A OAxC0 lA
the Academy of Sciences building on
Market street. He is now his sisters
confidential adviser in great many
Fourth and Townsend streots If he is
soon elevated to a position in the
Southern Pacific directorate to repre-
sent the estate.
AN INDICATIVE STRAW. Nt
His election az director OF the cable
road is believed by many to be an indi-
cation of what Mrs. Stanford has in store
for him when it comes to deciding the
question as to who shall represent her
in the railroad.
1t will be remembered that by the
death of the senator four important
positions were left vacant at Fourth and
Townsend streets. In addition to the
presidency OF and dictatorship in the
Central Pacific, there were left vacant a
directnrship in the Southern Pacific and
the Craftsmanship of the executive COM
mittee of that company. In all prob
ability the latter position will be abol-
ished at the next annual meeting.
Until Huntington became president
the latter office was not in existence, and
WAS created especially for Stanford.
Huntington never considered the Office
q necessity, and az he is said to be TAX
ing the trouble to emphasize the fact
that he is the controlling spirit in the
great corporation, it is thought likely
that he would rather see the Office abol-
ished in preference to having any body
else elected to it or taking it himself.
Mr.. Gage already representing the
estate in the Southern Pacific, it is
likely that Mrs. Stanford will only have
to designate her choice for one other di-
rector in that company and for one di-
rector in the Central Pacific. She is
represented as having made up her
mind to put her brother in the Southern
Pacific with Mr.. Gage, and to select
him as her representative in the Gem
trail Pacific. II such should turn out to
be the case, and the prediction is made
that che will make that selection, 1t will
mean that her brother ia to be the
spokesmen in the management OF the
railroad property of the estate.
AN OFFICIALS OPINION.
One of the officials In talking shout the
matter yesterday said 10 yIe7iine
GAS we understand the situation down
here at Fourth and Townsend streets,
Mrs. Stanford il going to select Charles
Lathrop as one of her directors in the
Southern Pacific, Mr.. Gage being her
other representative. Mr.. Lathrop is
also likely to be her representative in
the Central Pacific. At first some people
thought that Gage and N. 7. Smith, who
is now treasurer of the Southern Pacific,
would represent her in both companies.
From what l understand, however,
Smith is not to be given such an honor,
but that does not mean that she has any
objection to Mr.. Smith, but merely pre-
fers her brother to act for her.
''Smith is an old friend of the STAN
fords, and in the early days was part
ner in grocery store with the senator.
He is q very competent business man,
and when Timothy Hopkins LETT the
company's service aud it became neces-
sary to select his successor as treasurer,
Smith WAS the choice OF both Stanford
and Huntington. l merely recite this
fact to show that if Lathrop goes into
the directorate instead of Smith it will
be merely because Mrs. Stanford natur-
ally gives her brother the preference.
81 am not in a position to say who
will become the next president of the
Centra Pacific. Huntington can hardly
afford to take it, because he is president
of the Southern Pacific, and the latter
leases the former line. Colonel Crocker
ought to have it, because he is the son
of one of it's builders. and capable rail-
way official. His selection would please
almost everybody connected with the