The sun., 1900-08-15
He wa. working hi. way to save the price OF

| ih-rpaboIrs by the euVhoniol- name OF HanS-
town. and opened ssnrTFa, Tny,,paer ,.S, .sraWSIy
used a tent After wnile ne tnousn, nS,o .nel'
were greater optortuniiits ~ daS, h,.
So cosyer,Ins , his asts ,h s,T.foUT e miles BE-
/ tween Hangtowp and Sacramento win slgvo
on his bach Again he opened a store IN SAC. &C..
afs.e srlx w. and p h. mao needed ve tents While
| thus engaged he met Marx Hopkins, VINO mo
| afterward was associated with hln 10 ms
psrtnership, dealing principally in hardware:
in mi the town were Leland stanford and George
| Crocker who also Joined their fortunes snd
| their brains with those OF Huntington and
| Hopkins Ia probably the strongest combination
| Of me Kind that America has ever known
| In 1881 IN Eastern engineer narIed lheo,
dore D. judah went TO Sacramento and urged
| thai a railroad should be huilt TO meet the
| Union Pacific which was crawling out iroiu
&. sass to the S b srnS nnd r.n
| Juded that there was mcn-y in II. He talked
with III, partner Hopkins, With Croker and
stanford and WIN several eihes n an,ts n,eantsn's
cornpany With the purpose of building q rail-
road from Sacramento east through Nerafa
and into Utah whore II would ihect the lnlon
the nsrue OF the central Pacific Rahyay Com
pAny, with q capital 81 S.ooo0; The io'r
nAed -sE. The rESnSe.l rS, &SSs SSS;r smes 81 es
Bailey and others we're interested in the ELL
t-rpr'se, but they eventually, DROPPED OUT
Huntington saw that II would be necessary
10 secure Government aid 70 carry oat 80 tire,
n,endcus an undertaking, fe was depu'ed
by the other members OF the quartette 70 20
10 Washington and sne what could o- done
Tho North and the South were then at war.
and the Washington Government realized me
danger TO the Western part OF the country
the south IL was feared that foreign Powers
might attempt 10 seize California. and without
a railroad by which troops could get across the
plains the Government would be In a bad posi-
lion TO resist such an aggression. huntina;;
tons scheme was deemed magnificent ana
Congress granted his comI any franchise With
powered TO build road east over the most
available rou'. 10 meet the mon Paciflc. livery
alternate section Of land on each side oi tie
roadway was 70 become the property OF the
companv. Government bonds 70 the amount
of 81 5000 were given a. SUBSIDY HOW,
ever. before anv OF this money could De 'lsed
N the con,truc'ion Of ths read ,S ~ vas s stpn- @
platad This made II necessary for Mr.. Hunt
in4ton 20 come 10 New York and put his bonds
on the market, He succeeded in selling Tor
casa sl.JU.HN ~ them. pledsing the credit ~
himself and his firm and that Of his associates
as additional security
In this way ,he fyst fifty miles Of the road
were ready for Use BY this time all OF the
men who had interested themselves In the work,
except Huntington, Hopkins. stanford and
the Credit and Finance Company. and "a direct
tors Of the Central Pacific they made a contract
with them~elves Hs the Credit and Finance
Company to build the. railroad. The terms
OF the contract were that they were 10 pay
for the work s21.OOn0 Government bonds,
100000 Of the companys first MORTGAGE
bund. the Government bonds being second
mortgage bonds. and about ts.coo.UU OF land
bonds which they had issued on the land grant
from the Government. With the .pronts OF
this transaction these men were able 10 get
control Of sll the railroad, street and steam.
ship facilities on the Pacific slope.
IN. Central Psclfc was finished in 1899, the
Of ytsh on MAY 10, That was the beginnms
OF Mr.. Hunting,on's railroad career Having
carried through 50 gigantic scheme he had
The CondSaoe OF ell NE Srr9t c!oSn5 ahe5s S Ei 1he
ited capital in any OF his undertaking. AT
the time of hi. death there were merged into
the southern Pacific Company, OF which Mr.
tions with more than 600 miles ot railroad
track and 5000 miles Of steamship lines. -,
The bonds which the Government gave the
Huntington syndicate wsr. To run for twenty
wears. but a. early as 1873 Congress began In
ve~tisitins the methods employed IN building
and handling the prroperty AtAr the eHplIa-
mand,-i payment of the entirs debt OF the road
70 the Government. There was an aorimon!-
ouS Investigation in the senate IN Washing
ton n which Mr.. Huntington was a witness for
several days. There was settlement reached
finally In isss by the terms ol vhlc h the road
agreed u make payment IN fu!l OF the nr-t and
second mortgage bonds, amounting with In-
terest To more than $50 OnO, eD, In twenty equal
hall yearly in,lallnents, al per cent. interest;
This prevented the property from being sold
Having conquered tn. West Mr. Huntington
came East He took hol OF the Chesapeake
am Ohio Railroad, developing the " estern
ft-ders In kentucky and lenneSsee and made a
success Of rosd which hal ruined several Of
his pre- ece,sors. He turnsi the village Of
Newport News, Va, into a city, He made y
Ohio ana crested there one OF the greatest
shipyards in the country. He is said 10 have
invested more than ti2. go on In that property.
shSe xn@ss dspos u his sa kS. IN II. Gsaes
peake ana Ohio and many Of his other Eastern
interests AZ the time Of his death he was
President and ma lirector Of the southern Pacific
Pacific Mail Steamship Company. Presi-
dent and q director Of the southern Pacific
asSsi r, fs coTny GGTaay sSuSsrn OF Psd Rasd
Company. director Of the Galveston. Ifar
rsburg and San Antonio Railroad Company.
Presl 'ent and director OF the Guatemala
Central Railroad Company, director oi the
Gulf. Western Texas and Pacific Railroad
Company. thc Iouislana Western Railroad
Company, the Mexican International Railroad
Company. Morsans Louisiana and Texas
Railroad ana steamship Company, the New
port News Light and Water Company, the
New York. Texas and Mexican Railroad Com
pany, the OH Donliniun Steamship Company.
the Oh Dominion Land Company. The Oregon
and California Railroad Company. the Western
| mon Telegraph Company. the Detroit Gas
Company the Fuents Coal Company and the
Metropolitan Trust Company Of New York,
During Mr.. HuntlnStou's long career, and
there have been few, II any. more daring IN
the railroad world he was never embarrassed
financially save once. This was during the
panic OF 1893. when. despite his enormous re-
sources, he found himself pnched for ready
stitutions in New York. realizing what the down.
fall OF such a giant would mean. came 10 his
rescue and pulled him out. In ordinary cir
cumstances. Mr. Huntington was a 'ender
rather than borrower OF money.
Nr. Huntington was twice married. His
then living in his residence at Thirty-siIth
| street and Park avenue. In July OF the same
year he was married 20 Mrs 4. D. Wo-shsn,
| a widow. then Of West F1ty-inurth street
wears Mr. Huntington had no children by
| either os his wives He had an adopted daleh-
| ter, Clara who was his niece. Eleven years
ago she was married to. Prince Francis Edmund
a ,tapson, Archer VI, huntington, who is q
| great student has no liking for finance and
| has spent much OF his time In the study Of the
| Romance lanEuagas. Several years ago this
| the romance languages belonging 10 Prof
William l., Knapp.
About ten years ago Mr. Huntington began
| building a magnificent house at fIity-seventh
cost of S. Ooo. but the house remainsd I'M
| occupied. -Four years ago he announced that
| the house was Tor sale az cost Price, but pur-
chaser has never been found. Mr.: Hunt
| lngton also had \ summer place az Throgg' 5
| Neck. Westchestsr. tie spent most OF his
| time there. he was very generous 10 West
| chester county charities, ard only recently
| gave a generous donation 10 ST Peters Epis-
| coral Church. which he had attended for many
Nr Huntington was 4 man with many enc