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Southern Pacific Company

   Also found in: Acronyms, Wikipedia, Hutchinson 0.02 sec.
Southern Pacific Company, transportation system chartered (1865) in California and later reincorporated in Kentucky (1885) and Delaware (1947). Small railroads—known collectively as the Southern Pacific—were built and merged after 1865 in S California to provide feeder lines to the Central Pacific RR and eventually to provide connections between San Francisco and New Orleans. The Southern Pacific RR survived the Panic of 1873 and inadequate financing, and in 1883, after the company had purchased several Texas railroads, Houston, Galveston, and New Orleans were reached.

In 1884 the Southern Pacific and Central Pacific railroads—which were conceived and constructed as parts of one system—were combined under the leadership of Leland Stanford Stanford, Leland, 1824–93, American railroad builder, politician, and philanthropist, b. Watervliet, N.Y. After practicing law in Wisconsin, he went (1852) to California, where he became a successful merchant.
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 and Collis P. Huntington Huntington, Collis Potter, 1821–1900, American railroad builder, b. near Torrington, Conn. A storekeeper of Oneonta, N.Y., before he went West in the gold rush of 1849, he became a storekeeper in California, and by 1853 he and his partner, Mark Hopkins , were
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 as a unit of interdependent systems. Edward H. Harriman Harriman, Edward Henry, 1848–1909, American railroad executive, b. Hempstead, N.Y.; father of William Averell Harriman . He became a stockbroker in New York City and soon entered the railroad field, where he attracted attention by able management of the
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 gained control (1901) of the Southern Pacific after Huntington's death and expanded the lines. The Southern Pacific Company added several smaller railroads in the 20th cent. In 1923, after the U.S. Supreme Court had directed (1922) the company to separate the control of the Southern Pacific and Central Pacific railroads, the Interstate Commerce Commission allowed the Southern Pacific to lease the Central Pacific's facilities. The Southern Pacific soon gained control of several bus lines in the Far West and in 1938 took over the trucking service previously provided by the Pacific Motor Transport Company.

At the end of World War II the company failed to resume operation of its steamship services from New York City and Baltimore to Galveston, thus abandoning a service that it had operated for over half a century. After a series of mergers and divestitures in the 1980s, the railroad emerged as the Southern Pacific Rail Corporation, a public corporation with a large business in containerized truck-to-train freight. The 1980s and 90s, however, saw the railroad consistently lose money on operations, and in 1996 it was merged into the Union Pacific Union Pacific Railroad, transportation company chartered (1862) by Congress to build part of the nation's first transcontinental railroad line. Under terms of the Pacific Railroads Act, the Union Pacific was authorized to build a line westward from Omaha, Nebr.
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Bibliography

See S. Daggett, Chapters on the History of the Southern Pacific (1922, repr. 1966); N. C. Wilson and F. J. Taylor, Southern Pacific (1952); G. L. Dunscomb, A Century of Southern Pacific Steam Locomotives, 1862–1962 (1963); R. J. Orsi, Sunset Limited: The Southern Pacific Railroad and the Development of the American West, 1850–1930 (2005).



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HOUSTON -- Gulf Biomedical Corporation (PINKSHEETS: GBIC) is pleased to announce they have completed the acquisition of six oil wells of which four are in the Southern Pacific Company Lease and two are in the Sadie Epstein Lease.
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