The Southern Pacific Company was organized in 1884 as a holding company for the Central Pacific-Southern Pacific system. Stanford was president of the Southern Pacific Company from 1885 until 1890 when he was forced out of that post (as well as the presidency of the Southern Pacific Railroad) by Collis Huntington, the company's ranking vice president and the corporate directorate. That was thought to be retaliation for Stanford's election to the US Senate in 1885 over Huntington's friend, Aaron A. Sargent.