Los Angeles herald., 1891-07-28
THE RAILROADS.
A Royal Battle Between Two
Roads.
The Cable and Electric COmpa-
nies at War.
A Late Phase of the Combat in San
Francisco.
A Run on the Peoples Home Bank One
Consequence The Terminals
New Ratcs-Notes and
sF Personals.

power mouse. 1ue company cApcCtn IoV
carloads Of material every day.
The fight between this company and
the Gable road company has led to run
on the Peoples Home Savings bank OF
San Francisco, in which Frank V. Nc
Donald, secretary and treasurer OF the
Electric company, is director, as is his
brother, R. H. Mcdonald, Jr., also a
stockholder in the Electric road COM
pany.
The fight between the two roads was
commenced openly few days ago in
this city by the publication of several
articles evidently inspired by the Cable
company, attacking the personnel and
intentions of the Electric company. The
San Francisco Chronicle was induced to
take the matter up in San Francisco,
and in its issue of Sunday devotes con-
siderable space to the affairs OF the
Peoples Home bank of San Francisco.
The bank holds $2l, 900 in stock or
bonds of the Electric Road company.
The following excerpts are taken from
the Chronicles article:
Gas to the ability Of the Peoples
Home bank to pay every dollar due to
depositors or others it was found at once
that there was no question. Its officers,
nearly all of whom are persons of con-
siderable means and high standing in
the commercial world, are as follows
Columbus Waterhouse, president; B. o.
Carr, secretary and manager directors
Columbus Waterhouse, Frank V. Nc
Donald, D. S. Dorm, Isaac Upham, F. d.
Stadtmuller, r. II. Mcdonald Jr. and
Joseph Winterburn.
1.-THE Los Angeles Consolidated Electric
Railway company, named in the above
list, it is claimed, is not in the condition
that it ST ould be. There are suits
against the company by rival line
which place it in position not at all
satisfactory to those interested in it.
The McDonalds say, however, that the
company is in very good shape, and that
all its troubles are due to the enmity of
trying to freeze it out. A suit for $780,
600 has been commenced by the Edison
General Electric company, of New York,
against Frank V. Mcdonald and M. H.
sherman to recover moneys said to be
due for material furnished and work
done by the Edison company, for which
no payment has been made. The Nc
Donalds explain the bringing of this
suit as the natural consequence of their
assuming the business of former elec-
trio company in Los Angeles. They
claim that the Indebtedness, if any, did
not originate with them.
"The officers and directors of the Elec-
trio railway company are: M. II. Sher-
man, president; r. H. Pratt. vice-presi-
dent; Frank ". Mcdonald, secretary
and treasurer; A. w. Barrett, superin-
tendent; directors, William Christy, r..
III. Mcdonald, G. M. G. Marble, Samuel
Miller, d. S. Dorm, Perry Wildman and
j. A. Muir.
The after ton OF the encouragement
has been called to the fact that the Nc
Donalds are officers and directors Of this
company, while at the same time the
company is the debtor of the Peoples
Home Savings bank to the extent of
S15O,OOO. Frank Mcdonald owns $500
shares of stock in the electric road
scheme, r. H. Mcdonald 1000. r. H.
Mcdonald, jr., 500, d. S. Dorm 5000; M.
A. Dorm 3050, B. o. Carr $500, Colusa M I.
Waterhouse 200, f. D. Stadtmuller 200,
Joseph Winterburn 1000. To show to
what extent the Peoples Home banks
officers and directors are interested in
this concern it is only necessary to make
reference to the list of such officers and
directors already given in this article. !"
The affair made very pretty fight !;
the contestants on both sides being long
headed, keen capitalists and men of
affairs. The Electric company does not
seem much disturbed as yet, the men in
that company going right along with
their work as usual. There is no dis
guising the fact, though, that the battle
is very serious one, and that one or
the other of the combatants must go
down entirely.
THE SANTA FE AND ELsINoRE.
A committee of citizens from Elsinore
waited on General Manager Wade of the
Santa Fe last week in regard to obtain
ing increased railroad facilities, and on
their return they made the following re-
port "Mr. Wade expressed himself as
strongly favoring at least the building of
spur from the present depot to the
which he was certain would be greatly
increased by better railway facilities.
Mr., Wade said that line would also be
run to the tin mines at Temescal, and
that the plan OF building the road from
South Riverside to the tin mines, thence
by way of the coal mines and clay works
to Elsinore was under advisement, but
that no decision had been reached as
yet. The company's directors are, as is
we'll known, eastern capitalists, and on
account of their living at such distance
1t is not to be wondered at that the mat
ter moves but slowly"
PASADENA RATES.
The Terminal Railroad Company has
arranged it's rates with the people at
Pasadena on greatly modified basis.
The new tariff will 60 into effect as soon
as the company commences running its
trains to First street, which will be by
the 10Th of August.
The round fare will be 35 cents, single
trip rs cents, and monthly Communication
tickets will be sold for $5, good for sixty
rides.
NOTES.
G. f. Smurr, general freight agent OF
the Southern Pacific company, left yes
terday for San Francisco.
Mr.. and Mrs. Slusher are in the city.
Mr.. Slusher is the Southern Pacific tram
dispatcher at Sacramento.
The Santa Fe carried 1900 people to
Redondo Beach on Sunday.
J. L.. Truslow, the Santa Fe's tall
sycamore of q general agent at Santa