Timeline
Henry’s fourth son and Sarah Ann both died in childbirth. The White family stayed with him to help look after the children. Margaret Jane White (Sarah Ann’s sister) was in charge of the children.
A year later, Henry married Margaret Jane White, Sarah Ann’s younger sister.
H.M. Newhall and Co. went from auctioneer to wholesaler and also into insurance. Profits were substantial.
Voters approved funds to purchase railroad stock. Henry started organizing and when the second San Francisco and San Jose Railroad Company was organized, Henry was elected Vice President.
The tracks in the San Francisco and San Jose Railroad company had been laid all the way to San Jose. Because of political issues Henry and two partners bought up all the stock in the Company and Henry became President of the Company.
Henry ordered the first heavy locomotive to be built in California. The “California” as it was known, set a speed record west of the Rockies of sixty-seven miles per hour.
Henry and partners established the California Southern Railroad Company but never laid a tie. The Central Pacific merged with several smaller railroad companies and became the Southern Pacific Railroad and offered to purchase the “franchise rights” to their new company.
Henry and his partners sold their shares in the railroad for $1,250,000 each. That ended Henry’s 10-year span in the railroad business.
He purchased Rancho El Piojo – 13,300 acres – in Monterey County for $70,000.