Wadsworth semi-weekly dispatch. [volume] (Wadsworth, Nev.) 1899-1904, 1900-08-28
HE HUNTINGTON
INTERESTS,

HuSpon, lNepneW OF the De-
ceased Gentleman, vii Sccceed to the
Control Thereof.
Although it seems likely that some
considerable time may elapse before
ne various Boards of Directors of
which the late Coils P. Hunting was a
member are called together to take
formal action in the way Of choosing a
successor to that gentleman, it seems
10 be the expectation of cur leading
flnanciers and railroad men that when
the choice is made It will fall upon Mr..
h. E. Huntington, nephew of the de-
ceased President.
mis- gentleman, though still a young
man, has had long and thorough ex-
p%erience in railroad work, and is look
ed upon as being possessed Of remark
able organizing and executive capacity.
He was trained to take responsible d.
rection OF the management and was in
close touch with his uncle's ideas.
His election to the Presidency Of the
Southern Pacific would be a suffi-
cient guarantee Of an adherence to the
wise, farsighted, just and liberal policy
which has made that organization the
owner Of one Of the greatest railroad
properties in the world.
Mr.. H. E. Huntington is already
Vice-P President Of the Southern Pacific
Company, President, Vice President
and Director Of the Southern Pacific
Railroad Company Of Arizona, Presi-
dent. and Director of the Southern
Pacific Railroad Company Of Mexico,
Director Of Wells. Fargo g. Co., Di-
rector Of the National Surety Co., etc.,
etc. Only a few weeks ago he was
elected First Vice President Of the
Southern Pacific Co. in the place Of
Gen. Thos. H. Hubbard. He has been
a member Of the Board Of Directors Of
that company for a number Of years.
and his work in its behalf and in be-
half Of the allied systems has been
.singularly judicious and effective.
There is no question but he is one Of
the greatest railroad men Of the present
day.
Of the Huntington interests the
Southern Pacific is, Of course, the
chief. 1t is unquestionably the best
managed railroad system in the world
today. 1t includes an investment Of
more than $500, ooo,o 900, including
the various properties that are sub
sidary to it. As it has been pointed
out, most of this value was created
where none existed before by opening
up and developing the States its lines
traverse. Stocks of the constituent
companies are mostly held by the
Southern Pacific Company, and no
stocks of roads identified with this
system are Of a speculative character
in the market. The same authority
says that no defaults, reverseships;
foreclosures or organizations have
occurred in connection with any OF the
properties after becoming a part OF the
Southern Pacific system. The interest
on bonds is punctually met and the po-
sition of its bond issues on the market
is due to confidence of investors With
out multiplication or artificial assist
ance. During the years Of business
depression and financial stagnation,
bonds of the Southern Pacific lines, in
proportion to amount Of issues and ex-
tent Of dealing therein, declined less
and recovered more rapidly than those
of any other corporation OF similar
standing.
If is to the Huntington administra-
ton that the Southern Pacific system
owes its wonderfully high standing and
tbe election Of Mr.. H. E. Huntington
10 the Presidency Of the parent COM
pany would constitute a sufficient guar