New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-03-30
PAILROAD INTERESTS.
pACTETc DESIGNATIONS.

CENTRAL PACIFIC RESIGNAliON"'
WHAT PRESIDENT HUNTINGTON sAYs-PAofi
,xc ENGLISH SHAREHOLDERS
Co., r,rorcieco March 29-relative to the ret'fe,
mont from the directory of the Cehtrai d., 49,.
If President Huntington and Receivers = nun" .
ine,ton Charles f. Crocker ana stephen - rs
"The can" to-day reports c. p. Huntington as say
In, ,ho, n the Government does not accept the
,roso,t hill before Congress postponing the u'e "
ra,,oe,t of the Central Pacific debt, or eStehd INC
time Of payment of the bonds to re"'o 'o
period the probability Is that the Hrs' mo- Cd I'D
hondhoIdcrs will take the road. IT, on 'he o.N'
hand reasonable time is given to meet the oohsd
tonc and the proposed new issue OF ponus Is '""''
,,o c.overn,nen will receive every dollar que III
eide of sixtv DAYS after the bonds are issued MI.
Huntington is said to expect litigation peca"Se VI
the recent change in the management OF 'i'e N7'
trail Pacific -. t,suarl
searlea and WHO the representative OF the mop
i,,,s irtoreqts In the Southern and Central Iachc
comnonies said to-day that the significance IN an
recent changes in the Central Pacitlc ore 70 ,be
was more than anything eIse' III Pi'''
English shareholders. ~ . ,,., that those
THE Examiner says: 70 Is KnoWn H my Tho cut
Ing off of their dividends, and something had 10 DC
done to quiet their nerves , b"arde of director
When the personnel of both were almost Identical;
They We're surprised to learn thaf ba 9e BEEN making
contracts with themselves that Gisa5trousiy aec'eu
the interests OF so many outsiucf t.o,,,t,ar
'''The Brtishcrs" continues The o Exa ~ ,,
asrd that the provision for paying N5ooV1 III diN
dcns To- Central Pacific shareholders be restored 10
rho leace This demand not acceded 10, put NJ
Huntington. who Is fond or a JOKE mas orucleu vi,
insertion Of "A clause which says that inc payiheis
OF the 81 900 I'm dividends shall be resumed as
yoon as the earnings of the centrai racine slnd lit
warrant such action. This Is sample Oh kalii
humor that the I.ondoners are expected 10 aPPrec'
ate and applaud f.. ,o ,.,,o., Of tho
Southern Pacific road. when seen yesterday saii
rhcrc is no great significance to be attarhci 10 tc
resignation OF the Central Phcinc directors ueIf
is no sensation i'm IL. and no surprising deNeiop-
ments may he expected. SO far as kno"' none OF
the stockholders dissatisfied They MAJ DE
rd from at the annual meeting which takes place
on April 10. Until the meeting "a hcid IL IL III
possible to say what will be done.
Mr. Crockcr declined to enter into any furthcr eN.
plaration Of the matter intimatlng however, that
the change Is only a temporary one
Regarding the San Francisco reports that G. T.
Huntington. his nephew. II. f. Huntington; Charles
W. Croker and Stephen 7. Gage have resigned
from the Central Pacific directory. the following
statement vas made yesterday by Charles II.
Tweed counsel for the Southern Pacific Company:
'Tt was suggested some time ago by some OF thc
they would prefer that the Genital Pacific should
have an lnGo pendent board. made up o. persons
who were not directors OF the Southern Pacihc
Company. While We could see no particular reason
particular objection thereto. and II the changes
hnV" been made in the Glory by the resignation
OF &. l.. Huntington. ). 7. Gage. {. W. trocher
and General Thomas II. Hubbard. such changes
meeting the suggestions which have been maze ny
the English stockholders. They can nave Eothng
to do with the lease the revision Of the Lease
OF the Central Pacific to the Southern Pacific