The morning call., 1894-12-22
WILSON Is HERE.
Sir Charles and Party
Have Arrived.
PLEASED WITH THE STATE,
But He Don't Favor the Present
Funding Bill.
CENTRAL's LEASE is OBNOXIOUS
Anxious to Learn if the Officials
Are Diverting Traffic to the
Southern Line.
PLEASED WITH THE STATE,
cENTRAL's LEASE is OBNOXIOUS

Oh ShoLACc 4elNC1o w lloODa oPCOioi
delegate of the English holders of Central
Pacific Railway securities, arrived in this
city by special train from the south yes
terday afternoon. He is accompanied by
c. a. Reeve. very prominent London
barrister, who will act as Sir Charles as
sistant, and P. S. Leger Greenfield, an Eng
lish gentleman who is a friend of both
the first named, but he has q official con-
nection with the mission which brings
them here.
c. (. Bretherton. one of the directors of
the Central Pacific, accompanied the party
from New York to the coast. He has
been the representative of the English
stockholders while residing in this coun-
try, and has also been the agent of the
Central Pacific with a residence in Lon
don.
At Yuma, Ariz.. the visitors were joined
by Isaac l.. Requa, president of the Gen.
trail Pacific; Manager Towne, Vice-Presi-
dent William II. Mills of the Central Pa
cifc and w. G. Curtis, and at Los Angeles
further additions were made to the party
In the persons OF Charles P. Eels, another
Central Pacific director, and w. A. Thomp-
son. secretary of the company, thus bring
Ing together four OF the directors, ma
jority, as seven constitute the full board.
Sir Rivers Wilson-as he is commonly
addresSed-represents go per cent of the
SOS, 000, 900 of Central Pacific stock held 10
England, Holland and the United States,
and his mission here is to ascertain as far
as possible Just how matters stand with
the Central Pacific Railroad Company. He
is an elderly gentleman, probably 20 years
Of age, and has been for many years con-
nected with public affairs in England. For
twenty-five years he controlled the ma
tional debt of that country and had charge
of the investment of all the Postal Savings
Bank moneys. he had control of all loans
made by the Government and his reports
made to Parliament every year formed, in
a large measure, the basis of highlands
financial policy. He is one of the three
directors of the Suez canal. and is other
wise identified with large public projects.
Sir Charles has in bis time had charge of
the greatest financial affairs of a great
nation. For conservatism in financial
matters he is probably the most distin-
guished man IN all England, and his ac-
ceptance of the mission upon which he Is
now engaged is looked upon by the gen.
tlemen whom he represents as an exceed
iugly fortunate matter for them.
In manner he is polished. suave and
possessed of that inherent dignity of char
acter which impressss one in conversation
with him at once.
One of Sir Charles most brilliant fin an
cial achievements was that in connection
with the settlement of Egypt's debt
When the alliance was formed between
England, France and Germany to look
into the matter Sir Charles was placed In
charge of Egypts finances. The deplora-
BILE condition in which he found them is
evident from the fact that the national
debt at that time was bearing per cent
Interest, while the bonds were selling at %
per cent of their par value. When he had
completed his work and rellnquished the
position he held the debt had been ad-
iusted to basis of 4 per cent interest
bearing bonds, which were selling at 1O3
Mr.. Reeve. Sir Charles associate, is one
OF the most distinguished writers on
financial topics in London. He is regu-
lar correspondent for a number of leading
English journals on this subject and is also
q Underwater on the News. He is ex-
ceptionally well posted on American Sc
curities, and his familiarity with this sub
ject suggested his appointment.
The party has an equipment in the way
Of a private car, cook, porters, ETC., de-
signed to give them an outfit of such a ma
ture as will admit of their inspecting the
lines of railway over which they travel at
will.
The first stop made in California was at
Redlands. the second at Riverside, the
third at Los Angeles, then at Santa
Monica, Santa Barbara. Tulare, Fresno
and MERGED In the order named. The will
go over the main line of the Central Pa
cifc from San Jose to Ogden, and over the
two branches from Lathrop to Goshen.
and from Roseville 10 tina State line in the
order named. The party came up by way
of Livermore Pass, that being the line of
the Central Pacific.
Sir Rivers expresses himself as de-
lighted with the portion of California
through which he has just passed, but
speaks particularly of the San JOAQUIN
Valley as having great future before IT,,
He thinks, however. that the resources of
the country are vastly disproportionate to
Its population.
Sir Rivers says that he has as yet formed
no impressions as to the relation of the
stockholders whom he represents to the
company. He will first make a thorough
investigation and form his opinions as the
material on which he bases them comes to
band.
Sir Charles does not conceal the fact