El Paso daily herald. (El Paso, Tex.) 1881-1901, 1899-12-08
CONFIRMS THE REPORT
Of Their Development BY
His Road, Talks Of Recent
Stock Transfer And
Our Union Depot

The railroad world is awaiting with
intense interest the surprise of the year
which is believed to be in reserve as a
result of an immense deal whereby
So, ,600,O 900 worth of Southern Pacific
stock additional has passed into the
hands of the Huutington-Speyers syndi-
cate.
George Crocker, first vice-president
of the Southern Pacific, passed through
Ell Paso this morning on his way to
San Francisco from New York in his
car Emmalits, one of the finest private
cars in the country.
THE NEW YORK DISPATCH.
Mr.. Crocker was asked to express
himself in regard to a dispatch from
New York which was to the effect that
the Huntington-Speyer syndicate,
which purchased the Crocker and
Stanford holdings of Southern Pacific
stock, had closed another immense
deal. That Gen. Thomas 81. Hubbard,
representing the original Hopkins in
| terest, which passed into the posses
| sion of Edward Searles, had sold to
ern Pacific company stock at price
approximating $40 per share. That
the negotiations were begun at the
time Mrs. Stanford cold her stock, but
the transaction was conducted with
the utmost secrecy. That Gen. Hub
bard still represented as many shares
Of stock as he sold to the syndicate
a,6 TT Ls
as fret vlce-preside ent of the Southern
Pacific
"The surprise OF the year in the rail-
way world may be in reserve. Oper-
aticns ofsthe syndicate do not point to
actual buyers other than Huntington
and John W. Mackay, but there are
others, because from the beginning
the syndicate has been underwriting
Despite deniais, many railroad men
cling to ths belief that the Wander
bilts are in some way concerned in
this vast deal in Southern Pacific
securities. Again, it is surmised that
the public will be invited Ito purchase
Southern Pacific as an invest
ment, and that the stock
will be on the market the
same as the stock of other railway cor
porations.
MIR. CROCKER'S REPLY.
To all this Mr.. Crocker, who has come
direct from this reported conference,
said that he had no further informa-
tion to'divulge in the matter except
that the Crocker interests had been
sold as stated, and that he cert ainly
was not directly Interested in the
transfer just reported. While refus
that the report was true.
In regard to Vanderbilt interests be- |
Ing behind all this acquisition of |
Southern Pacific stock he declared he |
knew nothing.
VANDERBILT INTERESTS HERE
But this can be stated as a mighty
close guess, that within six mouths the
Vanderbilt interests will con ntrol the
Southern Pacific railroad, aud Ell Paso
will be an important point on q most
important transcontinentsl ocean to
DC can route.
GALVESTON IMPROVEMENTS
NO, said Mr.. Crocker. on his car
,his morning in answer to query,
'the improvements of the Pacific I'm
orovement company at Galveston that 1
lave just been inspecting are not the
work OF Mr.. Huntington or controlled
oy him individually as generally re-
ported, but they are owned and
made by the Southern Pacific
company. Millions OF dollars are be-
ug expended. The government work
IN the iettes gives clear channel of
Z feet and we are now dredging the
'lose-in harbor to a depth of "a feet,
md erecting immense docks and ship
,ing and terminal facilities which will
,e among the mos extensive in the
World.
MIR. HOODS VISIT.
''The visit OF Mr.. Hood, chief en-.