New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-06-22
ESTIMATES OF THE SENATOR
HIS Personal AND BUSINESS CHARACTER
ISTICS.
cU\,NCrY NJ DEEPEN, c. z. HUNTINGTON MI
OTHERS SPEAK OF THEIR kELAlioN'
wITY THE DEAD MILLIONAIRE.

WITH THE DEAD MILLIONAIRE
Chaunccy VI. Depew, who was at DIS ONE III uie
Grand Central station yesterday, said 'hat ne "'a
,rst hoard OF the death OF senator stanford ana
considered IL severe loss to the country III Ha"s
ways. . ~
81 knew senator stanford said Mr.. Depew'
chiefly in business an, professional way Nv was
born near schenectady, and always 'oN Il s'ca. III
t.rcs, in matters concerning New-iork state FROM
the time mat he first became known' Mr' f'ahio'N
vss distncntl,hrd for his good Judgment ana cieir
,ns,,,h, into th. future. a. have heard the S'ory
from Others and from his own lips MS eiea, i'Su
mentality in building the Central Pa1lc rahroad 10
undoulcd His invaluable advi Q, counsel anu Heip
TO the mon built the railway systems oi
and the Central and southern Pacific ROADS oio ""'"
toward the successful com plction o. the lines
MI stanford had met many men wh' had sue eru'u
On startling and brilliant way without the aid OF
| nm education. Yet hc set a very hGh value "h Il
university education. He himself was an 'uuca''u
and cultured man. senator stanford possessed tha'
invaluable quality viii forms the clements q Sue
oess for A lawyer man Of business clear STATE
mrnt of his own opinions and of tn facts In c"hh'c-
zion With any matter In that way he generally car
red his point with his associates.
Very f,.N men understood well A. he the rail-
road situation I'm this country the ehc Is OF IeglshoH
upon that system. the question OF now far the 'oV-
eminent should interfere In the management OF rail-
I
should make. lie had made study Of the subject
and was an authority on It, lie was much Interested
while IN Congress In the Intcrstt," Commerce Act,
aud he took a considerable share in framing IT,
-pcaLing Of senator staniori's benevolencc, Mr.
Depcw saia: He one OF the very few men who'
with large fortunes and without strong family claims
unon IT, knew exactly what TO do with his wealth
n. had IN. rare wisdom administer Ills estate IN
tho interest Of the public. he conceived those H.
terc,is 10 be- In his lifetime, and he derived the
g~ate-t plea sure from seeing the progress ana COM
picilou OF his plans. lie enjoyed what he had al
ready done aud. in anticipation. what would be &c.
npllshed after he gone senator STANFORD
furnishes admirable example OF ue prac"'"
! philanthropy Of our day.
| ~Prr,onaIly he was A genial companion among his
! friends He an interesting conv"r>a'ionahst' ana
was run OF "reminiscences OF the carly doincs on the
Pacihc coast In politics his death VII be serious
/ loss 10 the party on the coast. In stage oil en-
lstcnce where agitation against railway systems was
| sharp and strong he succeeded In overcoming mat
| opp,s,on and in being twice elected TO the United
| states senate Ills party benefited by his victory
| over these combination, made against bbineSS ana
/ capital"
Mr.. Dcpcw's words were high tTibut" TO senator
stanford, personal character ana public spirit
| Although Leland staniord's name was familiar
10 every per'On who knew OF the great f''i''
Railroad enterprises and the wealth that came to the
founder, ~ tho Central and southern Pacific system
he WAS per sonally almost unknown To wall street ohs
"A small fraction Of his lie wa, passed In this city
and hc never frcquentcd the precincts OF the S'"'h
ExchanCe Mr. stanford never pdulged In speculation
Mt tho East certainly never TO an extent which maue
| his operations known. His wealth grow ont Of tn
wonde ful development OF the Pacific Coast, and almost
wholly consisted OF investments in the stocks and
| bonds Of railroad corporations. The larger part ::
these Investments too. placed In the securities o
| the southern Pacific Railroad systematic system which
sprang ftrn the seed planted In the Central racine
and with which is now identified only one hvnS mem
bcr Of th noted California syndicate OF four men who
| made their fortunes on the Pacific slope namely
Clns T. Huntington. The estimates of the 'ortun'
| loft lax Mr. .tnnford vary widely. The lowest eSti
! mate so 600 OOO-prohably falls below the mark
while tlr highest estimate does not rise above 80.
600 900 The dead senator's holdings OF real csat'
were comparatively small and 10 iN the value OF
s,runc consisting principally Of securities with more
or less of "A nuctuating market value Is diHcui
matter.
The few men I'm wall street who enjoyed the acqual't
ance Of Mr.. stanford speak warmly Of his persona
character He was held in esteem for his abiliti'
md honorable dealings but h. was respected is I'M
,trng lcn"volence ol his nature. close friehd Sn'u
" Mr. stanford seemed 10 i've only To do good liz
WIS loved hy all who came into contact with him an'
he was ever ready 10 lend assistance To me needy
His servants and all wlto worked for him felt
strong pei sona regard for him. because OF his hindineS
and generosity. Many m'n have reason to thanl
Leland stanford for help To whom he WAS under III
ollirotions lie was Il good man In the highest sens
cf the term and his thoughts always OF bcnchnl
hi, fellow men,
C. T. Huntington the lifelong friend OF The
dead capitalist and their business and personal no
lations were rarely MARRIED by ml,understandings.