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
It does not, however, appear that these various factors stirred the
people of Sacramento to any extraordinary enthusiasm over Judah’s
scheme, or that they regarded him in any other light than that of an
engineer with a risky plan, which it was very desirable to have someone
other than themselves finance. Judah, however, called a meeting at a
local hotel, and people came. He told them he had made twenty-three
barometrical reconnaissances over the Sierras, and had found a line.
He needed money to carry the project further, in particular to make
a thorough instrumental survey, and he asked them what they would
subscribe. Nobody subscribed very much. Huntington says that some gave
a barrel of flour, and some a sack of potatoes. Still, the additional
subscriptions necessary to the legal organization of Judah’s company
probably amounted to as much as $56,500[10] on the 115 miles of line
contemplated, and small miscellaneous offerings were not likely to
carry the promoter very far.
Collis P. Huntington
It is at this juncture that we first hear the names of Collis P.
Huntington, Leland Stanford, Charles Crocker, and Mark Hopkins, all
prosperous business men in Sacramento. Huntington and Hopkins ran
one of the largest hardware stores in the town. Stanford and Crocker
were merchants, and in addition, Stanford had dabbled in California
politics to the extent of becoming a candidate for the position of
state treasurer in 1857 and for that of governor in 1859, getting badly
beaten on both occasions. It is difficult, even at this late date,
to estimate the qualities of the four men with confidence. Beyond
question, Huntington had the greatest genius for business of the four.
Born in Connecticut, and self-supporting from the age of fourteen, he
was a trader _par excellence_. In his youth he peddled watch findings
from New York to the Missouri River. Later, it is related of him that
he started for California with a capital of $1,200, which he increased
to $4,000 during an enforced stay of three months on the Isthmus of
Panama. He was cool, calculating, unscrupulous, a tireless worker,
and a man with few interests outside of work. Enterprise for the
public good interested him little. He had few friends, and some of
these he lost in later years. Narrow in his sympathies, vindictive,
sometimes untruthful, sarcastic, and domineering, he gained his success
through the keenness of his mind and the energy and persistence of his
character, and also through qualities of courage and imagination which
were not absent from his business plans.
[Illustration: Sketch of train on the Sacramento Valley Railroad,
1860]
Leland Stanford
Public-domain text, read in full here on John Shaqi.
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