The San Francisco call., 1899-09-24

The Crockers have transferred their in
terests in the Southern Pacific Company
to Speyer & Co., bankers OF London. Am
sterdam and New York. The negotiations
for the property were instituted by Speyer
& Co. last April. About a month ago the
buyers and sellers agreed on the price
and within the past week large sums of
money on account of the transaction
have been transferred through the Lon
don, Paris and American Bank and the
bank of Crocker, Woolworth 6; Co.
Men in this city and in New York who
are prominent in financial circles have
not the slightest doubt that the Speyers
in the negotiations acted at the instance
of c. p. Huntington. No doubt c. 2.
Huntington resolved when his nephew
was displaced to put the affairs of the
company in such shape that absolute con-
troll by the Huntingtons could not be sue
cessfully disputed in the future.
George Crockers career as a railroad
man Is about to close with his consent.
lie has obtained for his interest in the
road the value which he placed on his
stock, and VIII retire from his position in
the yellow building without disappoint-
ment or regret. New York possesses some
attractions for George Crocker and his
family which San Francisco does not Of
fer, hence he has elected to reside in the
former city. VIII Crocker may be called
East to assist in the adjustment of bust
ness dLdlIS growing out OF the impOr-
tant transfer of railroad properties, but
he entertains no thought Of making New
York his home
The great fortunes acquired by the orig
inal promoters of the Central Pacific are
being scattered far. and wide. Stanford S
millions have gone into the realm of
higher education, much to the disgust of
Z. +. Huntington. The millions which
went to Judge e. B. Crockers children
have contributed something to the lows
of the world Mark Hopkins, the most
dan =
immense fortune. The modest inventory
IN the Probate Court of San Francisco
placed the wealth which his widow IN
herited at nineteen millions of dollars
Some of the money has been devoted to
the promotion Of architecture and dec
orative art.
Colonel Cotton did not get as much
money out of the company as any one
of the other originals obtained. but he
got some wonderfully interesting letters
from c. P. Huntington.
The genial vice president, J. c. Stubbs
is not convinced by The Call that Glad
Hand Mac, the passenger traffic man
ager, is TO relieve the law department of
political responsibilities. There is an old
adage in railroading that a good freight
man knows nothing but freight, and
Stubbs is surely vital verification of the
truth of the adage Should the people of
California again rise up in their wrath
and demand the removal from office of
the Railroad Commissioners or the sub
mission of a constitutional amendment
to abolish the commission, what sense
would there be in sending Herrin to Sac
ramento to save the Commissioners? Any
one outside of a freight office ought to
know the difference between a glad hand
and a web foot.
''Glad Hand Mac" would be Just the
man for such an emergency. He would
go to Sacramento in broad daylight and
walk right in to the Senate Chamber
and give the glad hand alike to Demo-
cratic and Republican Senators. Glad
Hand Mac" would not go IN a private
car at night with lights extingushed and