The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1892-07-29
The SALT LAKE ROAD.
Daniel Meyer, the San Francisco
Banker, interviewed.
ne says That After Much Hard Work the
enterprise Is on Solid Basis-"Dirt Will
Fly Before the Year Is Ended.

Much mas been said about the progress of
the Dan Francisco and Great Salt Lake Rail-
Ioad OI tate. From time to time there have
peen publications that the surveys via the
DeckWlth PasS have been accepted, that the
directorate has been increased 10 80 men,
oefS ana that the necessary capital has been
subscribed.
IN oruer to ascertain the true state of
affairs a GALL reporter yesterday inter-
viewed Daniel Meyer, the head and front
oi .he projected enterprise financially.
MT Meyer Is one Of the Oldest aud shrewd-
est nnaneiers of the Pacific Coast. Simple
IN his personal habits, but full of acute
business tact, he has for many years held
tae confidence of the principal capitalists
not only IN San Francisco but all along the
coast
Inc hnancier was found in his private
once on Sansome street. reclining as he is
In the habit Of doing. on a leather sofa,
smoking Ig long pipe. aud. although as a
RUE reluctant IN speaking of his ENTERPRISES
he Tor once declared himself willing to talk
about the Salt Lake Railroad.
III Is lots OF hard WORK" Mr. Meyer said
In The way of preliminary remark, "but
we have every reason to hope that the Salt
Lake Will be built, aud that before the end
OF the year OF 1892 the dirt Will fly as they
say In railroad parlance." Then the great
nuancler went on TO explain just how mat
tiers stood at the present. I'VE decided
some weeks ago TO Increase the number of
directors to so, and it being, in our opinion.
essential that the road should be built by
San Francisco capital principally we have
carefully canyassed the city to find men who
are desirable as members of the directorate.
FoRTY-Two on THE LIST.
Every man on our list has been APP
proached and we have now AZ directors. SO
That there are only eight more vacancies.
we 90 not Ceslre TO have men who take
financial interest only, although, of course,
money is what we need TO build the railroad,
put we make 1t point to select such men as
nave large commercial interests here, and
therefore as matter Of necessity will work
nifty"
MT. Meyer then went on to say that the
eIght vacancies still existing would be filled
within few days. lie stated that several
desirable merchants arc on the list, and
t.at IL would not take long before the 90
directors are enrolled.
When we have the 80 directors we will
issue our PROSPECTUS TO the public. Ii is
now IN the hands of our attorneys" con-
llnued MI. Meyer between puff> out Of his
long pipe, 'and then we will be ready for
general subscriptions. Our prospectus will
be a document worth reading; 1t will con-
tain all that has been done and all that is
proposed Tor the future in the way OF max
ing the San Francisco and Great Salt Lake
Railroad a successful enterprise. IL will
point out TO the uninitiated what difficulties
we had TO overcome, and IL will also show
ihem the vast advantages that will be re-
ceiVed by the people OF San Francisco from
the new line"
HARD WORK.
With weary sigh Mr.. Meyer acknowI-
edged that tile building of a new railroad
was extremely hard work. and it could
easily De seen that although the Salt Lake
road IS his pet scheme the millionaire banker
had found 1t much uphill work to get
matters into shape. Il have no trouble at
all with the merchants" said he in conclu-
sion, but the real estate men seem somehow
not TO be able to see the great possibilities
ior the future aud they show au unwarrant-
able lack of interest, so far"
Il smile Illuminated the Shrewd bankers
countenanee. however, as he said in arting
Ihey viii all see it by-and-by, and when
our trains are once running they will wish
/ rat they were In II from the start"
Colonel y. W. Hitchcock, the general
agent OF the ULpp Pacific Railroad stroked
his beautiful long gIsy whiskers while Ia a
complecent mood yesterdas. told a
party OF railroad men to 20 TO spear
street wharf and look at the great biz CIV
flag he had raised over the entrance To ths-
Oregon Steamship Company's wharf.
81. Nj. Cohen, broker and railroad agent
OF Sioux City, Iowa, is in this city. accom-
panied by his vile and children. He is
seeing the sights under the guidance of
billy" Vice OF the Union Pacific.
William Graves. the general manager Of
the North Pacific Coast Railroad. arrived i'm
New ork City yesterday from Europe an
route Tor San Francisco. He is expected
here some time next week
The Railroad Commiss ioners' ANIMAL re-
port Is ready ior the printer. twill be pre-
Der 10. ~ p'Onl-