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[preprinted] Southern Pacific Company, MILLS BUILDING, 23 BROAD ST.
New York, Sept. 11th, 1894
Mrs. Jane L. Stanford,
San Francisco, Cal.
Dear Mrs. Stanford: --
Your letter of September 3rd has been received. A record is kept in the San Francisco office of all the New York obligations, and you can now get full information, personally, or through any representative, without referring to the books in the New York office. Yet, while this is so, there seems to be no reason why Pacific Improvement Company obligations should not be signed by the President and Secretary of that Company in California; and, since you express the preference that this should be done, it will be so arranged, for the future. The banks and monied institutions here, are familiar with the signatures that have been used, and, wherever Mr. Davis signs, the obligation has been authorized by Mr. Huntington or myself, or both. But, although we like to deal with the banks in the forms to which they are accustomed, it would certainly seem that they cannot reasonably object to having the names of the chief officers of the Company appear on its notes.
With kind regards, I remain
Very truly yours,
Thos H. Hubbard
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16 West 58th Street
May 6 1895.
Mrs. Leland Stanford,
5' Ave Hotel
Dear Mrs. Stanford:
Your letter of the 5th is received.
The business question of which I wished to speak is the one at this moment of first importance, namely, the endorsement of ob
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ligation for loans, in respect to which your course, if correctly re= ported from San Fran= cisco, is, in my opin= ion, critically dangerous to your own interests and those of your business associates and extremely unjust towards the latter. It is on this subject that I addressed you at Albany. Previous letters to yourself, Mr. Lathrop and Mr Wilson had treated it quite fully: [...] nearly seemed to indicate that an interview was ne= cessary. I regret that your disinclination to discuss business at this time as prevent= ed it. [...] truly yrs Thoms H. Hubbard
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Southern Pacific Company Mills Building, 23 Broad St.
New York, May 9th 1895.
Dear Mrs. Stanford:
The enclosed letter was returned here, apparently through the Post Office. It does not add much to what has already been written, but I send it to you as it came back from Albany.
Very truly Yrs
Thos H. Hubbard
Mrs. Leland Stanford,
San Francisco.
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Southern Pacific Company. Mills Building, 23 Broad St.
New York, December 24th, 1895
Mrs. Jane L. Stanford,
Fifth Avenue Hotel,
N.Y. City.
Dear Mrs. Stanford:--
Your letter of December 23rd is received. The option given by Messrs. Roberts & Hooper for the purchase, by the Pacific Improvement Co., of a controlling interest in the capital stock of the Sacramento Transportation Co., has expired, and was not availed of. Mr. Huntington showed it to me some ten days before it ran out, and I then expressed to him the view that we could not avail of it. This seemed to be his opinion also, and I understand he took the option only for the purpose of enabling the associates, through the Pacific Improvement Co., to consider the subject of the damaging competition on the Sacramento River, and do something to improve the situation there, should it be thought best to do so. There is no doubt, I think, that some steps should be taken in this direction before long, but for the reasons you state, and in consequence of the large demands for money which must be used in other directions, no purchase of this kind seems practicable or advisable, at the present time. We did not assent to the purchase, and, as already stated, nothing was done in respect to it.
Very respectfully yours,
Thoms H. Hubbard.
