Los Angeles herald., 1890-06-27
COAST LINERS.
The Convention at San Jose
Adjourns.
Substantial Aid Offered the
Southern Pacific.
Free Right-of-Way Depot Grounds
and S315, 1000 Cash Bonus.
Splendid Fruit Prospects in California.
w. M. House Drowned at Sacra-
mento-Beecher Acquitted.
Associated Press Dispatches |

SAN JOSE, June 26.-The railroad con-
vention met at 10 O'Clock. The chair
man said nothing would really be done
till Col. Crocker came, and if he did not
come, they might as well adjourn sine
die. In the meantime an adjournment
was taken till II O'Clock. Col. Crocker
came, but said he could give no definite
answer to the resolutions which had
been adopted without consulting with
his associates in the Southern Pacific
Company. Personally he was in
favor of completing the railroad through
the coast counties as soon as possible.
When asked whether 100000 in cash
would be more acceptable than the same
amount in bonds, he said practically it
would make but little difference. Five
hundred thousand dollars is but frac-
ton Of the amount needed to build the
road, as it would certainly cost nearly
$5,000,000. What the Southern Pacific
Company wanted was an assurance that
the investment would pay. He would
say, however, that the whole amount OF
bonds necessary to build the road could
be floated in eastern markets easier
than small part. Sundry questions
were asked Mr.. Crocker by various dele
gates, but none of great moment, and
the convention adjourned till l o'clock.
At the afternoon session the committee
presented report stating that it is the
sense OF the convention that to induce
the Southern Pacific Company to COM
mence and complete at an early day the
connection between Santa Margarita
nd ha TO
obtain and deliver to the Southern Pa
cific Company as soon as practicable
deeds for the right-of-way and depot
grounds along said connection, and to
also collect and deposit in savings bank
$315,000, or securities satisfactory to
the Southern Pacific Company for any
uncollected portion thereof; the same to
be made payable to the Southern Pacific
on the following conditions That the
company shall, within thirty days after
the notification of the procurement of
rights-of-way and depot facilities, conf
mence survey for the location of said
connection, and that within sixty days
after the notification of the deposit of
cash, to commence the construction of
the road, and to proceed dill
gently and continuously with the
same and complete the road
as part of its southern over
land system within twelve months
thereafter. These conditions having
been complied with, the sum of $3.50
shall become due to the Southern Pa
cific, one-third on the completion of the
road, one-third one year thereafter and
the remainder two years thereafter, to-
gether with such interest as may accrue.
The committee recommended indefi-
mite postponement of the resolution
adopted yesterday also that standing
committee of three persons from each
county be selected by the delegates
from the respective counties to carry out
the purposes of the convention.
The committee also recommends that
if the offer is not accepted by the South
ern Pacific within thirty days that the
chairman be instructed to reconvene the
convention within thirty days thereafter
After long discussion the report was
finally adopted by vote of 35 to 4, and
the convention adjourned.