Los Angeles herald., 1910-11-09
s. P. TO OPERATE
PACIFIC ELECTRIC
Henry {. Huntington Confirms a
Report of Contemplated Man.
agement Change
TRANSFER BEING NEGOTIATED
Railroad May Trade Los Angeles
Line Holdings to Get Own
ership of P. E.
TRANSFER BEING NEGOTIATED

The Southern Pacific will, within a
short time, own outright and operate
all the interurban lines formerly con-
trolled by the Pacific Electric com
pany and the Huntington Iaililly.
Confirmation of this fact came ia9
evening direct from Henry u. fluhI-
ington, president OF the Paclnc hieo
trio.
The announcement comes as the re-
suit of a conference held yesterday
afternoon between the heads of the
two corporations concerned. All yes
terday afternoon Mr.. Huntington anu
w. e. Dunn, head of the Pacttic Elec-
tric legal department, and Whnah
F. Herrin, head of the legal depaTt!-
ment of the Southern Pacific IN Cail-
fornia; Epes Randolph, head OF tne
same companys interests in Arizona,
and Paul Shoup, assistant general
manager of the Southern Paclnc
electric lines in California, were CLOS
eted together Following the meeting
Mr.. Huntington admitted that nego-
tiations had been entered into Whlch
contemplated his retirement from the
Pacific Electric and the operation oI
that line by the Southern Pac1nc. he
sttaed that the negotiations had not
gone far enough to warrant statns
fhis as an absolute fact, but that II
satisfactory arrangements could be
made the change would be made. lie
said: eo,
ence will probably result in my re-
tiring from the management OF the
Pacific Electric, in fact, retiring from
that line entirely, and deVoting my
time to the Los Angeles railway ex-
clusiyely. The change has not been
are simply under way and nothlns
has been decided. We will be in con-
ference against tomorrow, and L VIII
have somthing more definite to give
out following that conference"
MAY BE TRADE OF INTERESTS
Under the present arrangements the
Huntington interests own one-half the
stock of the Pacific Electric and the
Southern Pacific the other half. Inc
Southern Pacific also owns 40 per
cent of the Los Angeles street rall-
way. It is believed that the Hunt
ington interests are trading their
shares in the Pacific Electric COM
pany for the Southern Paclhcs inter-
est in the Los Angeles railway, when
will give them absolute control OF the
Los Angeles railway, although COM
pletely ousting them from the Pac1ne
Electric.
"If the Southern Pacific takes over
the Pacific Electric" continued MT.
Huntington, in speaking of the result
of the conference, that company VIII
adopt a liberal policy in operating II.
OF this 1 am sure. The Southern Ia
cific will operate the property along
the lines which the present manage
ment has done, carrying out the I'M
proyements which we have begun ana
those which we have contemplated"
No reason for the change in man
agement of the company would be
given by any of those concerned.
few weeks ago the Los Angeles
Railway corporation, a concern Or
ganized to take over the assets of the
Los Angeles Railway company, ap-
sorbed the city lines of the Paclnc
Electric company. AT that time II
was rumored that Mr.. Huntington was
about to relinquish control of the Pa
cific Electric in favor of the Southern
Pacific. This fact was denied at the
time by officers of the company, VINO
stated that the move was made solely
to make universal transfers possible.
A few days later the absorption OF
the Los Angeles & Redondo Railway
company by the Pacific Electric was
announced. This also was denied, but,
following yesterdays conference, the
REPORTS DENIED AT FIRST
The report that the Pacific Electric
was to be absorbed by the Southern
Pacific was denied at first also by
officials of the electric company. Th1s
fact, it is said, lends strength to a
report in financial circles that the
Huntington interests are being forced
to retire from the road by the South
ern Pacific, which corporation de-
sires to centralize under one head its
electric holdings.
1t is believed that the retirement
of Mr.. Huntington does not mean the
retirement of officials of the company
other than those closely identified with
the Huntington interests. In all prop
ability the Pacific Electric, the former
Los Angeles & Redondo and the Los
Angeles Pacific lines will be CONSOLE
dated under one head and j. McMil-
Ian, present general manager of the
Pacific Electric, put in charge of the
consolidated lines as general manager,
Thomas McCaffery, general superln-
tendent, moving up in the same man
ner, and d. A. Munger, general pas
senger agent for the Pacific Electric,
becoming general traffic manager of
the entire system.
1t is said that to make room for
this last change D. Pontius, at pres
ent traffic manager of the Los An
geIes-Pacific, will return to the South
ern Pacific steam roads, where po-
sition will be made for him.
No definite date for the change has
been set, according to officials, who
state that none will be until after the
deal is completely settled. 1t is be-
lieved, however that the change will
come next January l.
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