The record-union., 1897-11-15
HUNTINGTON COMING HERE.
Has Disposed. Of His Vast Interests
in New York and the East.

in New York and the East.
NEW YORK, Nov 1.-THE Herald
says:
Coils P. Huntington is going to leave
New York for good, and as a prelimina-
ry step, has disposed of his vast inter
ests in this city and in the East gener-
ally. In short time he will close ms
splendid residence at the southeast cor
ner OF Fifth avenue and Fifty -sevehlh
street and remove to California, where
he purposes to make his permanent
home.
Huntingtons idea in taking TINS step
is to consolidate his wealth in enter
priseS on the Pacific Coast. his pet
property is the Southern Pacific Rail
road and he feels it needs the attention
which can only be given to it by his
living in the territory through Whlch II
runs. Then, too. Huntington Is uh-
doubtedly beginning to feel the burdens
imposed by his many undertakings. All
the men who We're his partners In ms
younger days have died, and many OF
the cares which they left have deVolved
upon him. He wishes to relieve nllnSeii
of some of these anxieties, hence ms
decision.
Huntington in the future Will connne
his operations to that part of the coun-
try west of the Mississippi River ana
more particularly to California and the
Pacific Coast. Several years ago ne
disposed of his railroad properties east
of the great river, including the Chesa-
peake and Ohio Railroad, and has been
gradually shifting the offices of the Pa
cific Nail Steamship Company from
New York to California Some such
step as he has now decided upon has.
therefore, been expected in financial
circles He still owns the Newport
News Shipbuilding Company at the
terminus of the Chesapeake and Ohio
Railroad, and his intentions in regard
to this are not known.
In California there has been some
complaint that the Southern Pacific
Railroad was controlled by a non-resi-
dent, and Huntington undoubtedly feels
that his presence in the extreme West
will do much to relieve the company of
its present anxieties. His residence in
that State will satisfy local prejudices
and his influence will remedy difficulties
that could perhaps be overcome by no
one else.
Having relieved himself of his rail-
road and most of his other interests in
the East, he is now ready to dispose of
his real estate in this city, which is very
large amounting altogether to more
than $1,000, 600 This will be done grad
ually, and, it hardly need be stated,
with the shrewdness characterizing the
famous railroad manager. The first
step was taken to-day, when Hunting
ton sold through his real estate brOk-
ers three blocks of land for $500, 600
When Charles McRae, Huntington's
agent. was seen tonight he admitted
that Huntington had sold his property.
and that il was probably only the first
of a series of sales by the famous rail-
road man.
Yes" he said. the contract you
speak of was signed to-day. Hunting
ton was satisfied with the price he re-
ceived for the property, but, at the
same time, he realized that if he We're
to hold it for a year or two longer he
might take out a greater profit by S1OO,-
COO or more, but he is desirous of mov-
ing to California, and he therefore
agrees to sell.
Il may say that Huntington has put
all his real estate in this city into my
hands to sell as opportunity offers. He
is in no hurry to dispose of it, but he
has put it in my charge, so that he
may DE relieved of its care. In round
figures this realty is worth more than
80. oOOoOO. 1t comprises his residence
at the southeast corner of Fifth avenue
and F1tty-seventh street, which has
cost Mr. Huntington more than 81, 500, :
oUo. can speak with authority on this
point, for | sold Huntington the land
upon which the house stands. and / fol-
lowed it's construction closely.
Huntington also owns the 81 GOO. 600
plot ut Fifth avenue and Seventy-sec-
ond street, land west of Central Park
worth 100000, a tract on Riverside
drive adjoining that OF the Astors val
ued at more than S225.000 The Park
avenue property viii probably bring at
least S22a,000, not to mention various
other small parcels. Then Huntington
owns country place at Throgs Neck.
which he bought through me from the
late Frederick c. Havemeyer of the
Well-known Havemeyer family, which
is worth 100000
Huntington's determination to sell
the Stanns avenue property was proba
bly, furthered by the fact that he knew
there We're negotiations going on for the
sale of $1,000 900 holding in the i'm
mediate neighborhood and also for one
in the Southern boulevard near by,
which L have already sold three times
and which is at present valued at
S150000"