New-York tribune., 1903-04-05
AFTER HUNTINGTON MILLIONS.
Claims Against the Estate-Decision Of
Surrogate Thomas.

Some months ago one William Morshead, claim
ing 10 be the owner of hundred shares of the
stock of the Central Pacific Railroad Company
made an application to the Surrogate of New-fork
County to require Charles Fl. Tweed. Isaac p.
Gates and Mrs ArabeTa Huntington. executors of
the estate of the late r. Huntington. to file
an inventory The matter argued before sui
rogate Thomas and dismissed Surrogate Thomas
handed down elaborate opinion enectively as
posing of Morshead's campaign against the estate
of the great transcontinental railroad builder
Now comes one O. Emily Reynolds. by her at
torney William W. Mumford. also claiming TO De
a stockholder i'm the Central Pacific Railroad COM
pany. and petitions the Surrogate or New forh
County to require the late Coils 2. Huntington
executors TO file inventory OF the estate me
argument is vet TO be heard
These periodic attacks the Huntington estate
serve In the main but one purpose They recd"
TO mind the memory of men who did mucn 10 pro
mote the commercial empire of the United States
and who in making fortunes for themselves
erected the structure upon which thousands or
millions of dollars have been added 10 the ma
tonaI wealth. A number of ltigations have arissn
in connection with old Central Pacific matters
and these suits have been threshed over ana over
again until they have been worn threadoare-
It appears that @. Emily Reynolds, I'm spite OF
the decision of Surrogate Thomas IN he s
Creditor of the Huntington estate on similar
grounds. Surrogate Thomas IN the MorSneau "a "a =
demand on the board Of directors of the Central
Pacific Railroad Company to bring suit against 1
the estate Of the testator Guntingtonl for an f
counting and for decree that the 4 SSeGstoTPs Pai M
road Company such sum as shall be found que @ er
said accounting No such action having, oeeh
nleneed action for the same relief which is now
pending in the Supreme Court II al tfe5 tnes and
d .ne sGT0l s0r 0f he Teef the petioner seeks the
petitioner is not and will not become creditor or
the estate of the testator. The credltor Is IN
Woud seem 10 ispos of the alleged claim for
inventory by G Emily Reynolds -.. 4t,+
from n s75 : to the time r Of Mr death
he was intimately asqualn1ea nd Nl hat Mr. Hunt
ington was al time and in no way indepted 10
creditor of his estate He furthermore states that
az the time of Mr. Huntingtons death Huntington @n n
beongfng gin TO- or which should Of right be paid tc
COMPANY, and the stockholders Of the said com
pany were not creditors Of Huntington 10 snY
Win references TO the allegations the REYNOLDS
suit Mr. Gates states that whatever pronts as az
reasonable in view of the risks assumed. and that
acts and proceedings thereunder between the con con
structton companies and the Central Pacific Halz
confirmed bv the stockholders Of the Central Pa
eifc without dissenting voice tnat " = arSS S
the and proceedings thereunder were given t6e
fngs and report of the commission appointed by
President Cleveland. under the Act OF Mareh ..
had received aid from the United states Govern
uent The report submitted to congress ny
President Cleveland on January Il. 1883.
1t is Interesting to note. in connection with the
Investigations and report of the commission Which
were widely published i'll 1887 and 1883 and had pc
come matter OF common knowledge TO the PUP, pup
lie generally. that three years later O. E-rni!y
Reynolds became the alleged owner OF stock IN
the Central Pacific. -.
A reference TO the annual report Of the S0utne3n @
Pacific Company for the year ended June 81. IS'I-
shows that the capital stock of the Central Pacic
Railroad Company amounts in the aggregate 70
about e72 755 shares. The Southern Pacific Con- ON
pany has acquired upward of 611.J0 shares Of this
stock of which acquired IN CchIeclIeli i
with the Central Pacific readjGStnent in 1889 Ihe
whole amount of the capital stock of the C4ntrai
Pacific not acquired by the Southern Pacfnc Com
pany is less than 500 shares The shares that dis
appeared during a long period OF time are now
beginning TO appear festooned with litigation.
which reminds one Of the missing claimants 70 old
English estates.