Omaha daily bee., 1900-09-01
MAN FOR HUNTINGTON'S PLACE
Rumor Says President ingalls, of the
Mig Four Will lie
Named.


NEW YORK. Aug S1.-The Mail and
Express contains the following today:
1t is said in wall street today that the
presidency OF the Southern Pacific would
be offered to President NJ f. ingalls, OF
the Big Four road, who is a Vanderbilt
ally No one could be found who would
positively confirm or deny the Ingalls,
rumor but II was declared with some show
OF authority that neither MIR. II. +. Hunt
ington nor Mr. Tweed would succeed the
late c. T. Huntington. These two, how
ever, are provided for in the latest deal
reported. Each is to retain his present
position-Mr Huntington as first vice
president and active manager in the west
and Mr.. Tweed as second vice president
and confidential attorney in this city.
The selection OF MIR. ingalls, would be
another move in tone with the alleged VAN
derbilt plan to weave all the railroads
of America into one vast system under
single head.
The interests that are bringing the name
of Mr. Ingalls, to the front control ma
jority Of the stock and could have de-
throned MIR. c. r. Huntington at any time
within the last few years, but they be-
leved he had earned the position he held
and declined to humiliate him.
A reporter for the Associated Press
questioned Mr.. G.. II. Tweed, who was MIR.
Huntington's confidential adviser, as to
the various stories concerning the South
ern Pacific presidency.
The directors will not meet until next
week" said Mr.. Tweed, "and while several
names have been informally mentioned
think am safe in saying no one has been
decided upon definitely
A dispatch to the Herald from Lon
don says: Coils =. Huntingtons sue
cessor as president OF the Southern Pacific
railway will not be any man now Identified
with the management Of that road.
Now that the great railroad builder Is
dead the interests which for several years
controlled the majority OF the stock OF the
Southern Pacific propose to take more
active part In the operation of the system.
The first step to be taken is the injection
of new blood into the management.
This news comes from an authoritative
source. Charles II. Tweed, who was the
confidential adviser Of MIR. Huntington and
who now holds the position OF second vice
president, is mentioned in New York as
the probable successor to Mr. huntington
Mr.. Tweed, II can be stated. will not be
made president OF the Southern Pacific
While his worth is appreciated by the con-
trolling interests, 1t is felt that the road
will be greatly benefited by the infusion OF
new methods. MIR. Tweed will have, how
ever, prominent place in the management.
The presidency of the Southern Pacific
will be offered within a day or two to one
of the ablest railroad men In America, a
man who is now president of one of the
greatest roads in the east. Although he
has a very comfortable berth where he is,
1t is believed he will be glad to round of
his railroad career by taking the more
| important post left vacant by Coils p.
Huntington.
When MIR. Huntington was pinched in tho
panic of 1898 he was forced to let go a
large part of his securities to raise ready
money. Messrs Speyers advanced him
large sums. The Southern Pacific stock
which they then obtained together with
their recent purchases, gave these bankers
controlling interest in the road While
Mr.. Huntington was alive Messrs. Speyers
were content to keep him in the presidency,
although they believed change In the
management of the Southern Pacific was
advisable.
While James Speyer was in Europe news
came OF Mr.. Huntington's death. The
question of naming his successor was at
once discussed Mr.. Speyer and his
brother, Edgar. after considering the quail
fications OF several railway men, none Of
them now with the Southern Pacific, hit
upon an eastern man.