The morning call., 1892-07-15

James spIers. matter is practically set
tied. At no distant day. therefore, the
erection Of an immense manufact0ry for
sA!p-building, with all the modern plant
and other accessories. will be commenced
at Baden. company is Eow being formed
by Mr.. Splers and Will be incorporated as
soon as possible to build and carry on the
works.
The acquisition of such splendid loca-
ton for the works has all the facilities for
easy and quick transportation, and the con-
ceSSions granted by the StOckyards COM
pany VIII enable the Fulton TO compete
successfully with rival ship-buildng firms,
both here and in the East. The concessions
made by the StOckyardS company viii be
more than cOunterbaiancei by the imme-
date impetus given to the settlement Of
| their land and n consequent enhanced
value. They have shown themselves in
this transaction 10 be shrewd tar-seeing
business men. fully alive 10 The advantages
! accTulng from a liberal policy toward the
other party 10 the deal It is possible that
they will give an early official statement of
their position In regard TO the deal for pub
lieatOn.
In conversation with Mr.. Spiers a few
days since he said TO a reporter or The
CALL: During my visits TO the East
found that ship building works there were
built where easy transportation facilities
were at hand. | found also that the land
variably been obtained at a nominal sum.
BY these means they were enabled to man
ufacture their machinery at the lowest pos
siOle cost, as they had no outlay for haul
age-a considerable tem-no interest to
pay on capital invested in land, reduced in
suraDce rates and other advantages. /
accordingly made up my mind to look out
for a site where i could have all these
facilities and advantages as far as POSSIBLE.
so that | could be placed in as favorable
~ fnFa ac cf fhnr chf hsffl firm ha
block Of land at Baden will answer all these
purposes. / will have ample space to build
without crOwding one building almost on
top Of another and also to extend the works.
as the Increased business calls for such ex-
tension.
''As jobbing work is one of the most prof
liable sources of revenue, | will have an
office in the city, with a machine-shoo at
tached, where j0bwork and repairs can be
done. | viii also nave a steam launch con-
Stantly running between The works at Baden
and the city. which viii be OF Invaluable
service IN many ways.
Il have given this subjact all the careful
thought and consideration possible. and if
my proposition is accepted by the stock
yards company tile new and favorable con-
ditions will soon lead TO tie rapid develop
mrnt and extension If the works"
The Fulton Iron Works we're started in
1855 by Hinckley. Worth d Field on Davis
street, near Sacramento. In 1857 they were
removed to more comwod ons premises on
First street, between Market and Mission
AT this time between 80 aud 40 men were
employed. In 1867 TIE works were removed
TO their present location on Howard. Fre-
mont and Braie streets. IN 1877 tire present
firm OF Hinckley, Spiers d Hayes was
formed and the extension If the business
was most rapid. SO much so that they began
10 experience some difficulty in providing
Sulhcient bu dingS on the land 10 meet the
requirements of the trade. About four and
ban years ago the works were destroyed
by firc, Tut were Immediately allerward re-
buIlt. They were again destroyed by fire
on May % last At that time about 300
men were employed, and during the busy
season this number had TO be increased.