[450] Ibid., April 25, 1893, statement by Agent Hinton of the Panama Railroad.
[451] Business Men’s League of St. Louis v. Atchison, Topeka and Santa Fé Railroad Company, 9 I.C.C.R. 318 (1902).
[452] San Francisco Examiner, February 4, 1892.
[453] San Francisco Bulletin, August 20, 23, 1892. The League of Progress was an organization composed of the younger business men in San Francisco in sympathy with the policies of the Traffic Association.
[454] San Francisco Bulletin, October 12, 1892.
[455] San Francisco Examiner, December 23, 1892.
[456] Ibid., March 8, 1893. See also ibid., March 4, 1893. With respect to the whole project Mr. Huntington said to a reporter:
“As to building a railroad to Salt Lake, I certainly have no objection to other people doing it. I should very much dislike to do it myself. I do not believe it would be for the interest of San Francisco merchants to build it; hence I do not think it will be built. A good railroad from San Francisco to Salt Lake, with good terminals, as good a road as the Central Pacific, would cost at least $50,000,000. Of course, a road can be built for a much less sum, but such a road would not compete with the present line, for certainly the present rates are not as much as it would cost to haul the tonnage over a cheap line that could be built for much, if any, less than the figure named. When the Central Pacific Railroad was built I urged the moneyed men of San Francisco to take an interest with us on exactly the same basis as I and my associates hold our interests. But no one here would take an interest. If they would not take an interest then when every man, woman, and child in the State wanted a road so that they could go East and see the old folks at home, they would hardly be likely to take it now, with at least seven lines across the continent, charging rates of fare and freight very, very much less than they were when the first road was built, or than they expected these rates would be when the first road was inaugurated.” (Ibid., September 20, 1892.)
[457] San Francisco Bulletin, June 22, 1893.
[458] Ibid., July 17, 1893.