The evening times., 1896-02-21
MS PROFITS NOT ENOUGH
Huntington Says They We're Not
Over -Four Millions.
TWENTY YEARS HARD WORK
Pacific Railroad Magnate Does Not
Think He Was Sufficiently Re-
munerated for His Labor and Anx-
tety-Sharp Passages of Words Be
tween Him and Senator Morgan.

Senator Morgan resumed his examination
OF Z. Huntington, president of the South
ern Pacific Company, before the Senate
Pacific Raiiroad Committee this morn
ing, taking as the basis of his questions the
report of the United States Pacific Rail-
road commission, which EXAMINED into the
whole subject In 18S7-Messrs. Littler and
Anderson making the ma jority report AID
ex-Gov. Pattison of Pennsylvania the mi
nority report.
Mr. Huntington was in a mood to resent
being driven to the wall, and repeiled, with
some show or asperity, what lie supposed
to be reflections on his veracity, implied
in some or the questions put TO him. He
denied that himself, Stanford, Hopkins and
Crocker madean enuriIlous fortune, or even
an undue profit, out OF the operations of
the Contract and Finance Company, assert
ing that when the work wa all done and paid
for, half in cash and half in stock of the
Central Pacific, the Construction and FL
i;nnce Company was not able 20 pay its
debts.
IL was. only when the Central Pacific
stock appreciated, as it did largely, in a
lew years. that the onstrlct ionanu fiuance
Company realized large profits. Taking
into consideration all the work and anxiety
that he had gone through for twenty years
in buitpil&s the road and establishing 1t on
IA SUCCESSFUL basis, he declared tt,it himself
and his associates were not sufficiently
renunefated. On being pressed TO name
the amount OF his personai profit, Mr..
Huntington finally, put it at rot more
than three or four million dollars"
THAT is pretty good pay for twenty
years work. said Senator Morgan.
No. not for the work we did, said Mr.
Huntington.
Il have done as much work in twenty
years. Senator Morgan said, ''and never
got twentieth part OF that
Il do not do That kind OF work for any
such price as that, not of my own volition,"
Mr.. Huntington said.
Mr.. Morgan asked If all the capital were
not furnished by the government. and Mr.
Huntington said il was not. but could not
say Just how much he did put in, certainly
more than million, and an yhow enough to
make great success OF the work. There
was no time when he would not have
mortgaged his dwelling house to carry on
the work.
He had paid into the Construction and FL
nance Company eight or ten thousand dol
lars at The beginning, and several hundred
thousand afterward. He could not state
exactly how much. He was In the East the
greaterpart OF the time, and Mr.. Hopkins had
absolute control OF that part OF the business.
Even your bank account asked Mr..
Morgan.
Yes" replied Mr.. Huntington, II always
found 1t the better way to trust somebody
than to trust nobody"
At another point in the examin alton Sena-
tor Morgan remarked that Mr.. Hunting
tons answer was mo answer ALL"
II am answering the best 1 can," Mr..
Huntington said.
Il am afraid not" Senator Morgan dryly
II am" Mr.. Huntington retorted, rather
dcfiantly, ''and when l say l am, that is
what il means"
Senator Morgan read a statement from the
report of the United States Pacific Rail-
roa Commission, and asked Mr.. Huntington
whether the statement was correct.
~ do not fight words" he answered,
that are thrown into the air by irresponsi-
bic committees, as these committees usually
were. They picked up their information
on the street corners of San Francisco. Very
likely they did the best they could, but they |
lid not get correct information" |
lit appears" said Senator Morgan, THAT |
they got some of their information from |
Senator Stanford, and Senator Stanford |
testified that each of the four parties on the |