The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1892-05-27
The New Competing Railway Is
Incorporated.
IT WILL RUN TO SALT LAKE CITY.
Solid LEGAL Business Hen Ire in the
Company.
The Read Is to Be Completed Within Three
Years DeliVerancG for San
Francisco.

Our day Of delIversnce Is not FAR distant.
A competing line OF railway IS assured to
San Francisco.
The San Francisco and Salt Lake Railway
Company has been incorporated by Alyinza
Hayward, Daniel Meyer, William Babcoek,
Z. L. G. Steele and Z. F. Preston.
Solid men those, and fully able to build
half dozen lines such as is proposed.
The road is backed by the Traffic As5o-
citation Of California, which has advised its
construction and will do ali in its power TO
aid it.
The capital stock of the company is
s2.G00,0O0 The road is to be completed
within three years.
Pv building this line and branches in this
State the Traffic Association hopes 10 con-
troll both local and overland freight rates
When the line Is through to Salt Lake the
Central Pacific will have to compete with
il in business between Utah and California.
The new company can make such rates and
divisions with the Union Pacific As will
bring the Central Paciie's rates down TO
whatever figures the new line may choose
TO make.
This. viii, Of course. break up the Trans
continental Association and the monotO y
Of perpendicular overland rates, maintained
by that combination Of railroads.
The new line VIII also have its effect upon
tile Pacific Mail and cllppeT-shlp rates.
When the TTanSCOnuueutal Association is
broken up there VIII be an end Of the
$4,000 & month subsidy paid to the Mail
Company by the combined railroads.
A c. Cleveland of Nevada, who Is R
stakeholder Of the company and IS strongly
interested in its proposed operations, Will
incorporate the companies to build the line
Fhr0rgfi Nevada and info iIfal.
The line will so 10 Salt Lake via Stock
ton, and viii pass over the Sierra range at
one Of the best possible points fer the pas
sage of railroad.
Oae Of the great objects IF the company
viii be in the development or local freight
traffic. The Central Pacific has never done
anything to encourage the mining industry
IN Nevada or Utah. 1t has charged rates on
ore shipments that were simply pTOhibitOry.
The new cOmpauy's line Will run through
rich mining territory, which it viii develop
as rapidly as possible after It's completion.
It viii make low rates on ores and viii
give the miners chance to send them 10
market.
Tie Idea of building a road to Salt Like
City, thence TO make connection with last
srn lines. is not new by any means. II
originated several years ago with a gentle
man connected with the Santa te, bat it was
not until eight months ago that anything
toward the contamination Of the scheme
wealthy men Of San Jose hit upon the plan
of interesting Eastern capital in the pro-
jeCt and for that purpose a meeting was
called In this city. John c. BiEgs of Bos-
ton was one of those who looked at first
with favor upon the prOsp ectiye line be-
tween San Francisco and Salt Lake. The
San Jose people agreed to subscribe
81, 0CO, 600 # Ike amount could be obtained
in the East. The Eastern men asked time
10 consider the proposition, aud soon
manifested an inclination 70 drop out
altogether. SO the proposition was abGu-
d0ned. Then AlYnZa Hayward and Z. l..
@. Steele got their heads together and
organized a move that resulted IN the In
corporation Of yesterday & number Of
local GnancieTs became interested, and in
less than two weeks after The first meeting
$4,000 was IN the hands OF q committee
composed of Daniel Meyer. William Bah
cock and Z. F. Preston, for the purpose Of
making preliminary survey. a. Z. Cleye-
land OF Reno, Nevada, who Will soon in-
corporate company 10 that state fer iurtl-
eTiHg the enterprise, was put In charge ef the
work, and ran a rough survey, which, If
followed, Will make the line little over 500
miles IL length.
The first survey enters Nevada via Beck
with Pass, but two others have been made,
and the route has not been definitely de-
cided upon. The Union Pacific has FIVE
surveys from Its terminus at Ogden t. San
Francisco, 81 all Of these routes have been
carefully looked over by Mr. Cleveland
within the past three months. They are
al shorter than the Southern Pacific line,
which reckOns S95 miles from this city to
Ogden, having lost nearly 100 miles In fol-
lowing the Old emgTant trail. This distance
will be saved By the new line whichever
route il may take. and the grades VIII also
be much easier, making it possible to get to
Ogden ia about six hours less time than at
present.
There will be three corporations in the
and third in Salt Lake. 1t is understood
that the Nevada subsidy will be 81, 500, 600
and that Utah will give 10 900 more than the
amount above mentioned. The capital is TO
be increased to $40, 600 as soon as the
road is built far enough to warrant the in
crease.
Subscriptions have already been paid In
to the amount Of $500, 600 and the money is
now on deposit at DonohOe, Kelly & Co.'S
bank.
A CALI. reporter asked John l.. Dayie Of
Oakland last night whether or not it is the
purpose TO use the strip of land over which
be and the Water Front Company have been
fighting for a Terry termination Of the new
railroad line. Mr. Davie replied that his
agreement was such that he could not an
sYeT BE would not say what company in
tended TO use the ground for a ferry. Had
IL not been for the raid Of the Southern Pa
cihc men the fact would not have been made
known at all that the place is to be so used.
There are three routes for the company to
reach Oakland through the hills, two being
by way of Laundry Farm and the other due
east Of the city.