The Indianapolis journal., 1894-03-19
STANFORD'S HOLDINGS
The Widow Will Sell Her Inter-
ests in the Southern Pacific.
Must Raise S5,OOO,OOO Cash at Once
President Mckeen to Take Vaca-
tiOn-Freight Traffic Better.

The San Francisco Chronicle prints a
story 10 the effect that Mrs. Stanford Is
soon to dispose of her large holdings in the
Southern Pacific and the associate corpora
ton, the Pacific Improvement Company TO
the great embarrassment of the Croker.
the Huntington and Hopkins interests The
reason assigned IS that under the terms of
Senator Stanford's will it is necessary to
raise by May /, 1895, the sum OF $5.OOOO0O,
which represents in the aggregate the sew
era bequests of the late Senator due and
payable at that time, as well as various
claims and promissory notes against the
estate. The total appraisement OF the STAN
ford estate is a little over 100000, ana IL
is asserted that it is possible to realize at
this time, without great sacrifice, the sum
Of S5.OO0.0OO only on the railroad properties.
The policy of the Southern Pacific has al
ways been to maintain the proprietorship
in a close corporation, and the interests
Of the three great owners has been always
SO closely related that it has not been pos
sible to separate them without violent dis
turbance of this policy and probable de-
probation OF the value of that stock and
also the bonds of the railroad company.
The Stanford interest is one-fourth, and
IL is said, besides, that a change Of owner
ship will make a harmonious management
more difficult. Mrs. Stanford, however, is
alleged TO be definitely determined on this
step, not only to comply with the terms
Of her husbands will, but to secure by
ample provision the maintenance OF the
great Stanford University after her death.
William II. McKeen's Health Better.
William X. McKeen. president of the Van
dalia lines. continues to improve and is
In speaking Of his trip the Terre Haute
Mail says: President McKeen's illness is
going to force him to do that which he
never had any inclination to do heretofore,
which is TO take vacation trip. He is
going to Florida. Mr.. McKeen has been an
exception among rich men in his indffer-
ence to the pleasures OF travelling about the
vacation resorts. When he sold the Van
dalia road to Ives. few years ago, he was
asked If he intended making up for lost
time In this respect. He replied that he
would be contented travelling to and from
EdgewOod farm
John NJ. Chesborough, assistant general
passenger agent of the vandalia, was in
the city yesterday. Mr.. Chesborough be-
gan railroad service in 1866 as clerk in
the auditors office Of the Atlantic q Great
Western, coming off OF farm. He was
p will be fOrty-four years old. He has
held his present position since Sept. 5, 1880,
and his correct methods of doing business
have made him one Of the model general
passenger agents OF the country. He never
does any business OF importance except in
writing, and no person in the employ Of
the company can say afterwards that he
misunderstood the request or order. In the
fourteen years he has been general pas
senger agent OF the Vandalia he has never
been at his office on Sunday, and says he
Is confident that If any railway official
VIII adopt that course at the end of the
year he will not have suffered thereby
He thinks there Is entirely too much un-
necessary work done by railway officials
and their clerks on Sunday Not since 1860
has his name been off some railway pay
roll.