New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-02-19
THE MATTER.

TOR ANNOUNCES HIS DIFFERENTIATION
TO GET TO THE BOTTOM OF
THE MATTER
WASHINGTON Feb. lS-The examination OF I. T.
Huntington president Of the Southern Pacific Rail-
road nv Senator Morgan was resumed 'his hofh'
,no, before the Senate Pacific Railroads Committee
No Mora, directed his line OF inquiry toward the
-,,,o,s between the Contract and Finance Com
,a,, and the Central Pacific. and the destruction
OF tho books of the former company. Inc DOCKS
vere burned Mr. Huntington sad' because 'hs
company was d.sncorporated and there was 10
Use in keeping them, as the accounts were "
closed.
Mr. Morgan then read the resolutions adopted u
the mass-meeting held recently In san FraHclcs
70 nroest to Congress against the extension o, The
dsht NJ the Pacific railroads; and Mr.. Huntington
said IL must have been large and enthusiast:
meeting. for he had been informed there we're just
nity-two persons present az what he termed tns
Sutro meeting. The call had been issued TO all The
counties in the State and only i've OF them were
represented there. The representation was largeJ
confined to San Francisco and Oakland.
Mr. Morgan having mentioned the names 3
Messrs Barry Terrell and Reynolds as membes
of the Anti-Funding Committee appointed at Q
meeting held in san Francisco last year. Mr.. Hunt
ington said contemporary that he wondered
whether they were the tax list or San Fran
CISCO They may not be- Senator Morgan said
but you know It is written that the poor shall
inherit the Kingdom OF Heaven"
IL do not know" Mr. Huntington remarked. 10
an Indifferent way.
and expect you will never find out" Senator
Morgan remarked
I'VE will see" said Mr.. Huntington. hopefully
Yes. will see.' Senator Morgan said. "De
you know either OF these gentlemen? he asked
Il do not know that do" said Mr.. Huninst0a
81 take 1t they are not among the merchants Of
They may be common people" Senator Morgan
Then Mr. Morgan spoke OF the earnestness OF tho
protest coming from San Francisco. There
nothing in r., W. HUNTINGTON said .nan y
II | did not build road 70 his place. where he ha,
and rooms upstairs and build /, right at once h:
would fight me in Washington ard fight me every
where That was sn earnest matter"
MIR Huntington soon afterward spoke OF Messrs
Sutro Estes Cannon Gibson and others being
'as uncanny crowd as farmer ever found Il
his henroost at night. All these charges emanas
from the same parties.
Mr.. Huntington denied that the controlling stock
holders in each of the three construction compane,
were the same persons. although he admitted tina.
tho same mon were largely Interested in each 0!
the companies, He detailed the work done by tn,
Western Development Company. the Contract an(
Finance Company and the Pacific improvement
Company in the construction OF the various raj,
roads; The Contract and Finance Company Nj
Huntington said. built al or the Central Pacin:
but small part. and the Pacific improvement
Pacific Road The Contract and Finance Company
he said received about soooooco OF the bonds an!
stock OF the Central Pacific Railroad and agree:
to construct the road. Ta.s company d.d probably
two-thrds or the work on the Central Pacinc
Senator Morgan pressed his questions on Mr.. Hunt
ington and insisted upon categorical answers.
ing therewitn such otner statements as he thought
proper Senator Morgan objected 70 This. but va,
should be permitted TO explain his answers u
this Mr. Morgan objected. And why" said sem.
TO explain his answers
"Because." rctoried Senator Morgan. he evads
ar my grown pS t. com
tinued the senator tartly. until the eommitts,
this business II possible
The remainder OF the cross-examna,ion reate!
TO Coles. Lathrop to Fresno and Niles TO oakland
branches OF the Central Pacific The bonds issuet
Central Pacific. which road was Mr. Huningto,
said stu responsible FOR the bonds.
all OF which Time Mr.. Huntington was subjected b
Mr. Morgan TO a most minute and searchns IN
Ncstigaton into all his connections with his build
ing OF the Central Pacific and Southern Pacih
roads and as TO the wealth acquired by him and M
partners in these transactions Senator Morgal
tried To make him admit that as president OF IN
Southern Pacific and yice-president OF the Cen
trail Pacific he had. since the lease OF the latter
the former. sought to divert the traffic which shou'
over the Central and 10 send IL over the southern
Mr. Huntington denied that such WAS the case. ans
corporations interested in fhc transcontinena bus'
ness to allow OF such a thing being done.
agent OF the Southern Pacific NJ San Francisco tMr
Stubbs) did not. In the interest Of the companl
which employed him. give the preference OF uncon
signed freight going Eastward to that company
but Mr. Huntington denied that he did IL was on,
the heavy freight between San Francisco and New
York which went by the Southern route forty mint
fruit cars out OF fifty going by the Central Mor'
than 50 per cent Of the al-rail business including
the connections with Portland. Ore. Puget Sound
and Seattle went by the Central Pacific To a GER
tain extent however he admitted that the Southern
Pacific was In competition with the Central Pacific
| He YVES asked why during the last five years IN:
! earnings OF the Central Pacific under the lease had
decreased and he ascribed IL to the shrinkage Of
rates but could not account for the fact that ths
! earnings OF the Southern Pacific had decreased
I'm the same proportion AS TO the proposition 10!
the settlement Of the debt Of the Central Pacific 70
! the Government. Mr. Huntington professed me
Willingness and desire Of the company to pay ever
| dollar OF Il an extension OF 100 wears AZ PEI
| cent but would not admit that there was any
| liability on the company to pay interest the IN
! tersst payments heretofore made nv the Govern
! ncnt The examination not finished when tns
| commIffee ut o'clock p. m. adjourned until Thurs
day at 1880 a. m.