Los Angeles herald., 1892-12-09
Work on the New Santa Fe
Depot to Begin at Once.
Mr.. HuntingtOn's Intentions About
Floating Bonds in London.
General Manager Wade's Plans to Re-
suit in Beautiful Edifice.
Southern Pacific Consol-
tdatiOn-Notes.

|
Perris of the company was in the city
and completed all the preliminary de-
tails. and work on the building will
probably commence today.
In the design OF this edifce Mr.. Wade
has carried cut the idea which he has
made feature OF his administration,
that Of preserving and incorporating in
to the conduct of the road such typical
features Of this part of the country as
! give it peculiar interest For exam
pie, in naming stations Mr.. Wade has
been careful to select musical Spanish
designations, and in the construction of
the station houses, a decided tendency
has been followed in their construction
OF fitness for the semi-tropic cline. No
tably is this the case at Judge Eagan's
domain at San Juan, where Mr.. Wade is
about to construct station of adobe,
built exactly on the lines of Southern
California mission church.
In the design OF the Los Angeles eta
ton the came idea has prevailed, for the
| building has strong Moorish features of
| design, suggested by refuge from white
sunlight and heated breezes, while
rooted paved court, ornamented with
so, On which faces d beautiful little
park, the whole being deligh tful mod
| ification of the patio feature of hacien-
da. 1t is not 60 frequent as it should
| be, that a high railroad official is found
who has the consideration for the public
to put any artistic ideas into defined
form in combination with his more
practical affairs. 1t is form of altru-
ism which deserves recognition and
should be emulated.
HUNTINGToN's BONDS.
Mr.. Huntington is having recorded in
various counties in the state, the same
as he had recorded in San Francisco re-
Gently, the consolidation articles of the
Southern Pacific Railroad company.
The object OF this step is to comply with
certain legal technicsltes, as he ex-
poets sooner or later to try and float
large quantities of the bonds of the COM
pany in the European market. The
papers are being recorded in Alameda,
Contra Costa, and the counties in the
San Joaquin valley and those On the
southern coast, or in all those in which
the company has roads or intends to
construct linee. Of the $90,OOO,O 600 of
authorized stock mentioned in the arti-
cles, $65 100000 has been issued, and of
the authorized mileage of 1891 there is
already built 1908 miles, thus leaving
1858 miles of projected line.
The projected roads include among
others the filling in of the gap between
Elwood and Santa Margarita, a number
of branch lines in the western portion
of the southern part of the San Joaquin
valley, and line between San Miguel,
on the coast division, and Bakers field.
To build all of this new road, $50, 100000
and more OF the company bonds will
have to be issued and sold from time to
time, but how many years will have
expired before all this new construction
is finished is not known. 1t may take
less than 10 years or longer period,
according to the officials at Fourth and
| Townsend streets.
HIS CONSULTATIONS.
Mr.. Huntington has consolidated
great many different roads in California
into several companies in the past few
years for two or three reasons. At the
present time he has in California the
following companies: Southern Pacific
Railroad company, South Pacific Rail-
road company, Central Pacific Railroad
company, California Pacific, Northern
railway and the Northern California
Railroad company. By having only elk
companies in the state he simplifes, so
it is said, the keeping of accounts and
more readily floats his railroad bonds,
the bonds of consolidation of lines be-
ing generally better security than those
OF single or isolated branch line.
Concerning the Southern Pacific Rail-
road company it is the means by which
Mr.. Huntington has been intrenching
himself in the San Joaquin valley. 1t
owns everything in the valley excepting
the line from Lathrop to Goschen. 1t
also owns the coast division, which Is
the line from this city, via San Jose and
San Miguel. And of it's projected lines,
most of them are intended to take all
the good territory in the San Joaquin
valley not already occupied before the
Santa Fe or any other company comes
into that region.
HEADING OFF COMPETITION.
This project to build into the valley
from San Miguel will be carried out
soon if he sees any likelihood of the
Bakersield-San Luis Obispo people, who,
not long ago held convention at the
former place to agitate for line between
those two towns, succeeding in their ef-
forts. He will build to head off that
enterprise in that case, otherwise he
will take his time about building.
1t will be of interest in this connec-
tion to state that Col. r. F. Morgan.
who is now prominently connected with
the Shively case before the railroad
commissioners, examined this company
for London bankers not long ago. What
his report to them was is not known,
but it is known that Huntington Is anx-
ious to float some of his bonds at par to
those bankers.
NOTES.
The Southern Pacific company has
just affected an arrangement with the
Wilmington Transportation company
whereby Catalina island is placed with
in easy reach of the winter visitor.
Hereafter steamer will leave San Pc.
dro for the island every Saturday and
returning will leave the island the fol-
lowing Monday. Connecting trains
leave the Arcade depot at 9:25 q. m.
Saturdays and arrive at 4 :15 p. m. Mon
days.
General Freight Agent Hynes of the
Santa Fe is out on the line large por-
tion of the time. Cause, oranges.
! Major Belt of the general passenger
and freight agents Office of the Santa
Fe is spoken of as candidate for one
of the federal appointments in Southern
| Goliforr;o Tho p1oior ocpOucod Mr.