New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-04-25
A SUMMARY OF TIE NEWS.


SAN FRaScIsco Cal. March a. 1885.
The nost important event to California thas has
trsp.pir.G during the lAst might is the promised
reduction u the r,tes Of fare on the steamers be-
tween here and the Atlantic States. This step,
think has been forced upoa the Steamship Comps
pies their bnsiness having rapidly diminished ever
since the high rates Of passage commenced. IL
seems str snge that competent agent, or Board OF
Directors, should pursue 90 uosse course a. these
Com a1es have pursued. Fortunate for the oouotry
and for the stockhocers that the thirst for greed,
which seems 10 be the ruling spiri. Of all steamboat
combinations defeats itself in the end. Had the fare
remained at reasonable rates, the Companies would
have made more money and vastly helped ma, by Gu
fouraeipg emigration which has become iodis-
pensable for our prosperity.
What California now needs more than all thIngs
else s productive labor. We want larger ard more
permsnt mt population. There 10 no country on inc
face of the globe that offers such nducemen TO per-
usnett settlers. A mild and equsble climate, sn,h
and fertile soil mineral westh for rchness and ex-
tent unsurpassed This opinion is not given on hear
say but from comparison with other States, aud f'om
actpal observation Those who have been here since
1919. declare unhesit,tngly thst the mines, as
Whole we're never doing better than they nov are
TIE immense natural resources OF this couuIy were
never before 40 well understood; the comforts OF lite
were never so fully within every mans reach Men
now 20 TO work systematically and with more GER
tsinty of success than formerly. They are satisfied
10 DO we'll instead # rskDg all for the hazard OF
- big strikes" The effect Of THE chsngeis seen In
the large number of permanent investments In mo
mines. There already over 100 wa'er companies,
which have constructed over 900 miles OF ditches,
a, cost of several millions of dollars. Many OF
there dches yield an income from his investnen OF
from to per cent. per month, and promise 10 be
good psy pg stock for the 20 years Several OF
the Qusrfz Comp .nes are also paying well. But the
profitable mills and owners are here not In New
York Try my TO sell thestoc by exhibiting purch
specin Of Quartz and writing fa-e st4temsots OF
| their condition.
Avery determined eff Jrt Is no being made by the
people OF San FraDcisc, TO fund the city debt, and
obtain iuch revision Of her charter will cu'tail
the immepse populations which have heretofore bsea
I made from her treasury. Two or three publ meet
ings have been held, and the following propositions
sde which II is very desirable for the beat interests
If The city, should be carried into effect:
Fart Such a change in the organic alton OF the
| City and County Governments as VIII recuce the
number of public officers, and consequently the
amount Of public expenditure or sucn an OF
| the City Charter will secure the same result
Sfcond The abolition, 10 regard TO city aud county
officers Of all fees Of office and the ADOPTION In oil
cases, Of fixed sslarief ~
Tive. A law ct cuI H. the observance OF the City
Cbsrter or a. ordinance Of ths city, by making the
violation Of the same by any public officer penal
offense punishable BY fne and imprisonnent
| FOurH To limi, the t,ttl amount OF annual City
end County taxation to per cent. on the assessed
valuation Of real and pf'sons property.
The Con roller e ibe City, all Vas present at ono
Of these s ,iDgs maGc following stateme ut rels-
tive 10 The p. sebt ebi Of Sso Francisco:
! Anount Of. con,rell,f. Warrants dawn upon
the vsou. DEPARTMENT Funds, outstanding 60, .ao g,
rpure6.: ara repairs Jenny Lind Theater 1892 81
4mcuDte1cu.ive Of Stree, Assessment wArsnsi 2 90 50
Aod street hssessmsEt wsrrsnts f|'" u
ACKNOWLEDGEMENTS. ssi.4s Is
Amf ST p. o. es rs' reG 20
Arneunt of School Bonds be,ring interest at7 per ~ ~
Autsn cent Of ~ m sSaa on CITY Nss e
E.n sted oubt II Uasutited Accounts. ...'. ~c~ W
Total indebtedness March l. las5. exclusive Of 5000. n.
the fUrded ~
To,sl srnubt to be funded wthOuts'rset Assess" e.
Ada Street Asse,.ment Wsnsss...........". h2Sa IS
Tot,l amount to be funded with Street Assess o,.o n.
uert ~
TIE difficulty about fopdog the debt arises In part,
/, not wholly from the fact that many OF the WARRANTS
are illepsl-some of them having been forged and
o,te isfued 10 violation OIL There is p'ooaoy'
70, lbs than a million OF dollars 10 warrants Tor which
the civ has received very little If any consideration.
There certainty pever wss q city 80 grossly msnfn-
sg,d and plunde,ed - this hiss been. Bur think
bet,tr pubic serii1 ert is beginning TO prevail, ana
that r,euery will lot hereafter hoareh 20 well In nigh
places o. it has heretofore.
TIE cides Of California, like the people everywhere
isve p6ic very little ,esard TO economy. San Fran
CLEO, ~uh popu alton Of cay $4,000, has debt o
two L ilon, certain sDd think ever three millions
The Msyor ia his last Message puts II down a
t33i2.C7s 60 The tax upon property real and psr
,ons ,s.essed s55 coo OOo Is over per cent Sacra
m.rto III next largest cltypop0lsion IL 900, taxa
he property e. coo 0O0-hss a debt OF OIL, 500, 600
Msrysvie win cay coo Inhabitants, and 81 900 90
taxable proper,. bas . Deb, Of $4,000. Taxes a
ever the State becoming burdensome, aad mii
, opers'e sgsir,t many important improvements while
would otherwise take place.
With the pie'snt population OF Csliforns, sad b
INNER 20 inc ebteoness do not eco wns, can preyel
may iocers Of iesl estate from insolvency. Wa
y RE lstda worth where there is nobody 70 occur
n them Wtat are city lots worth lying idle AMI u
u productive or buildings stan ling tenantIess on wh
- are mortgage sipg iote'e.t az the rate OF &
" per cent psr month, and tatei al tho rae Of 70