Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1901-02-02
EXPECTS NO CHANGES.
President c. VI. Hays of the South
ern Pacific Talks About Big Deal,

San Francisco, Feb 2-President G,
NJ. Hays, Of the Southern Pacific COM
pany, when asked If he thought the sale
Of the controlling interest in the COM
pany to the Hartman syndicate would
lead to important changes of manage
| ment or policy, said
Il see no prospect Of any marked
change in Southern Pacific affairs 50
| far as the public interest is concerned.
! What difference does it make 10 the
| public whether q railroad be owned by
| one man or whether its voting stock
| be held by hundred different interests
| so long as ii Is managed in accordance
with broad and. liberal policy which
conserves the best interests OF the pub.
| lie as much as the interests Of the stock.
holders? 1 do not look for any start.
ling changes in conditions as a result
of the change Of ownership. The South
ern Pacific will go ahead very much as
If no change had taken place, It's in
terests, in a traffic sense, are pretty
well defined and are not 10 be disturbed
by any new or revolutionary policy. In
fact | do not look for any material
change Of policy San Francisco and
California will not perceive, by any out
ward indication. that there has been
a change Of ownership. ] DO not think
the sale means one set of officers for
the Union Pacific and Southern Pacific.
The two roads are big properties and
can best be handled by separate sets
OF officers, as at present"
Referring TO his own position, Mr..
Hays said he had no reason 10 suppose
that it would be disturbed. He said he
was on terms Of friendship with the an
nounced members OF the purchasing
syndicate, and spoke highly OF Mr. Har-
riman's ability as railroad man, Presl-
dent Hays spent the night In his priv
ate car at Oakland and started this
morning on a tour Of inspection of the
western division Of the Southern Pa
cifc.
William, II. Crocker, speaking Of the
big deal, said;
THE Vanderbilt railroad and steam
ship interests will now have a direct
line between Hamburg and Hongkong
across the American continent. What
ever the Vanderbilts do they do WELL
and II II is possible to improve the SER
vice OF the Southern Pacific roads the
new controllers will do IT, With the
increased connections OF the Southern
tfllNt GdH lblAlSNN NldHNN III a lail
way of rapidly improving In import
ance as a shipping point"
Third Vice President j. G. Stubs Of
the Southern Pacific who is a warm
personal friend Of Mr. Hartman, says
the change Of ownership y the road
was as big a surprise 20 him az 1t was
TO the other officials Of the road"
1t Is expected that H. H. Hunting
ton will retire as a director and First
Vice President OF the company at the
annual meeting in April next.
According TO c. =. Huntlngton's will
his widow was left two-thrds of his
Southern Pacific stock, and his nephew,
IL. Il. Huntington. the remaining third
In round numbers. the late magnate
had six hundred thousand OF the 1000
600 shares OF Southern Pacific stock
II. r. Huntington's portion was, there
fore, 5000 shares on the supposed
basis Of S55 a share he gets 100000
Mrs. c. p HUNTINGTON on the same
basis realized s22,000GO0