The San Francisco call., 1905-02-24
Harriman'S Rival Is
Behind Western
Pacific.
HaWley and YOakum Also
Important Factors in
Enterprise.
Trio Are Being Assisted Financially
by Widow Of Late President of
the Southern Pacific

The Western Pacific Railway project
is backed by the Huntington millions
and not BIZ the gold of the Goulds, as
as been generally suspected by the
public since that big railroad under
taking began to take definite shape.
From the Golfers of Mrs. Coils p
Huntington, widow of the late West
ern railroad magnate, is coming the
bulk of the money used to carry out
the plans of the new overland road
between San Francisco and Salt Lake.
To the contributions she is making
there is being added funds mainly
from her nephew, Henry E. Hunting
ton, and his associates in several gi-
gantic schemes. Millionaires B. f.
System, and Z. w. Hawley, who is
prominently identified with a number
of railroad enterprises.
This statement does not emanate
from street rumors or from stock
market speculationS, but comes
from high authority, a prominent
f1nancier OF New York, who is now in
this city and is close in touch with
the men who are interested in the
overland line. According to his
statement-and it would hardly need
further substantiation than the sim
pie mentioning of his name, which ne
will not permit-the Western Pacific
scheme was conceived~in the mind OF
Henry e. Huntington and made pos
sible through financial assistance OF
his famous unc1e's widow and OF
Hawley and Yoakum- The Goulds
have a holding in the corporation,
but only in nominal way. although
the founders Of the enterprise have
permitted the impression to grow that
A. - l. IL a
the undertaking.
Huntington, Hawley and Yoakum
are not only planning a road to Salt
Lake City, but propose acquiring a
complete system from San Francisco
to the Mexican Gulf by way OF the
Denver gateway and making traffic
arrangements with other roads with
a view to getting connections at Dem
yer or Salt Lake for through passen>
ger and freight business to the Mis-
souri, River and Chicago. 1t was the
Galveston outlet to the Southern Pa
cidc that gave the late Coils p. Hun
tington a Samson lock on the West
ern traffic situation. and 1t was the
realization or this fact that prompted
H E. Huntington and his associates
in the new enterprise TO seek a sim
liar outlet at the gulf port
To that end they have been quietly
acquiring terminals at Galveston and
rights OF way between tnat city and
Houston, with a view of soon BUILDING
from Galveston to Fort Worth, con-
Meeting at the latter point with the
Colorado Southern. of which they
have already acquired a controlling
interest, and by that route getting to
Denver. From Denver they will reach
Grand Junction over the rails OF the
Colorado Midland. in which they have
a half interest and hold the chief ex-
ecutive positions. 1t will then re-
main for them to decide whether they
will use the Rio Grande Western as
far as the proposed Eastern terminus
of the Western Pacific. or build their
own road between the two points.
1t Is claimed that no one interested
In the gigantic railroad project Is
more enthusiastic over its achieve
ment than Mrs. Coils p. Huntington.
who hopes to see the entire system
completed and the Huntington name
again conspicuously identified with
Western railroading. 1t has been
slowly dawning upon the men Of
finance In the East that the Goulds
were not the most important factor
In the building OF the Western Pacific.
and the recent tip given them that the
Huntingtons. Hawley and Yoakum
were the real projectors Of the enter
prise was not received with extraor-
dinary surprise.