Show INGAllS S O SUGGESTED Big Four Magnate May Sue ceed Huntington I J WALL STREET AUTHORITY i M E Ingalls is a Vanderbilt Inn and One of tho Foremost Railroad Magnates of the EastGossip About the Succession Speyeis Want Hew Blood in the Southern Pacific Vanderbllt Interests Also RecognizedNew Road from Los Angeles thtTTalk on All Sides New York Aug nThe Mall and Express contains the following today It was said In Wall street today that tho presidency of the Southern Pacific railroad would be offered to President I M 13 Ingalls of the Big Four road who Is a Vanderbilt ally No one could be quad who would positively confirm 01 deny the Ingalls rumor but It was declared with some show oC authority that neither H E HuntIngton nor C If Tweed would succeed the late C P Iluntington These two however are provided for In tho latest deal reported re-ported Each Is to retain his present position Mr Iluntlngton as first vice president and active manager In the West and Mr Tweed as second vice president and confidential attorney In this city 0 The selection of Mr 1 Ingalls would be another move In line with the alleged al-leged Vanderbilt plan to weave all the railroads of America Into one vast s stern s-tern under a single head The Interests that arc bringing the name of Mr Ingalls to the front control con-trol a majority of the stock and could have 00 dethroned C P Huntington at any time within the last few years but they believed lIe had earned the position he held and declined to humlll H i M E Ingalls ito 10 him But he Insisted upon putting all the 0 profits Into Improvements and those who did not like him and had an abundance oC other stocks that were dividendproducing were nettled at this absence of Income from their investments 1 I I Invest-ments In the stock of the road whose value 0 became purely speculative NOt I r No-t Is said new blood Is to be Infused Into the management through Miv In gallsWhen When Mr TJimtlngton was pinched In the panic of 1893 he was forced to let gQ a large part of securities to raise ready money Messrs Speycr advanced him large sums The Southern 0 South-ern Pacific stock which they then obtained ob-tained together with their recent purchases pur-chases gave these bankers a controlling control-ling Interest Inthe road While Mr Huntington was alive Messrs Speyer were content to have him keep tho presidency although they believed a change In the management of the Southern Pacific was advisable While James Speyer was In Europe news came of Mr Huntingtons death The question of namjng his successor was at once discussed Mr Speyer and his brother Edgar after considering the qualifications of several railway men none of them now with the Southern Pacific hit upon an Eastern nian 0 |