Chapters on the History of the Southern PacificDaggett, Stuart
History
Chapters on the History of the Southern Pacific
Daggett, Stuart
Pacific railroads -- History; Railroads -- California -- History; Southern Pacific Company
Stanford was a New York lawyer, who had practiced four years in
Wisconsin between 1848 and 1852, and had emigrated to California in the
last-named year to seek his fortunes in that state. Stanford came to
California poor as the proverbial church mouse. Bassett, who was later
his secretary, and who was likely to know the facts, says that two of
Stanford’s brothers set him up in business in El Dorado County, near
Latrobe, with a stock of miners’ supplies. Here Stanford remained a
while, in partnership with a man named Smith. Stanford and Smith were
said to have done a good business. They thought they were making money
until they found that the San Francisco firm with which they dealt was
charging them interest on unpaid balances; whereupon they promptly
closed up, retiring with their debts paid, but with very little cash.
From El Dorado County Stanford went to Michigan Bluffs, in Placer
County, still trading, and in 1855 he moved to Sacramento to take over
the business which his brothers had established there. Presumably his
operations in Michigan Bluffs had provided him with a little capital.
What was quite as much to the point, he had made a number of friends
in the mining district, and it is not unreasonable to suppose that his
attention had been directed toward politics. In 1857 and 1859, as has
been mentioned, he ran for office, but without success. About this time
a prospector in the vicinity of Auburn struck a rich pocket of decayed
quartz. He knew Stanford, and put his name down for an interest in the
claim. From this mine Stanford is reported to have cleaned up about
$60,000, a sum which put him in comparatively easy circumstances. In
1861 Stanford ran again for the office of governor, and this time was
elected on the Republican ticket. He cannot be said to have yet shown
any talent for statesmanship, but he was known as a staunch Union man
and a faithful Republican, and he had a local popularity besides, which
could be trusted to bring in some votes. After his term of office as
governor, Stanford held no political position until 1885, when he
was elected United States senator in place of A. A. Sargent. This
office he retained until his death. He appears at one time to have had
aspirations towards the presidency of the United States, though his
candidacy could hardly have been considered seriously. Certainly he
served with distinction neither as governor nor as senator.
Public-domain text, read in full here on John Shaqi.
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