The morning call., 1893-09-13

Pacific road" said he. made al this time,
that it is going TO build road in tie
San Joaquin Valley would seem to me IL
be made for the purpose of holding back
If possible other enterprises looking in thu
direction. But IL il is seriously con-
templating the construction OF new road
In that valley at an early date II
wouldn't be likely TO commence to adver-
tiSe it to the public ut this date.
Il think he Southern Pacific Company
would like to preserve the San Joaquin
Valley exclusively for its own use If it
for any considerable length of time it can
hold that territory free from encroachments
of some sort.
ITO accomplish the best results n road
in the San Joaquin Valley should be con-
structed by San Francisco capital and that
of the valley itself, and operated in the in
teTests of these localities"
Mr.. Leeds did not think that the project,
If carried through, would have any effect
upon the proposed road with which he is
Identified, rs there is, he thought. room
enough in the valley for all The roads thu
Southern Pacific may wish or conclude to
construct and at least another one.
There is really little doubt in the minds
of well-informed railroad meu that this
proposed new bond Issue" of the South
ern Pacific will end like many other SIM
liar resolves" of the board of directors.
ut is well known" said one gentleman
last evening, 'that this great mono poly
is now labOrlng under a load Of debt that
is something appalling. No, don't be wor-
1t will take all they can do to keep the
ones they have running"
w. n. Mead of Portland. general agent
of the Chicago, ST. Paul, Milwaukee and
Omaha line at that place. is in the city.
Shipments of fruit and grain over the
Southern Pacific still continue very heavy
Last month the former averaged So cars
46 In wheat about 225 cars find their way
to tidewater from different points in the in
terror every day.
A mortgage has been filed In San
Joaquin County by the San Francisco and
Atlantic Railroad for $1,000, 900, given TO
the Title and Insurance Trust Company of
this city. The instrument will also be re-
corded in the counties through which the
line will pass.
Frederick Homer. who is the prime
mover in the enterprise. said to a reporter
yesterday that the move mentioned indi-
Gated that the road. which will run from
this city 10 Los Angeles, crossing the At
lantlc and Pacific near Kramer. will be
built He said:
This is one Of the necessary steps to be
taken 10 comply with the laws of this
State and with the engagements made by
this company to procure capital to aid in
the construction aud equipment of the
line. A considerable amount OF the bonds
OF this company has been placed to pay
for steel rails. etc, purchased abroad. As
soon as some other necessary arrange
ments are made here active steps will be
taken in regard to actual construction.
The company has spent considerable
amount of money in making surveys over
the entire line. and other examinations are
now being made in regard to particular
locations so that we do not feel at liberty
just now 10 speak definitely as regards the
exact location of this line. Knowing,
however, the interest the business commu-
nifty in this city, and, in fact, the State, has
in this enterprise, we will be pleased to give
additional information as fast as can be
done. We certainly feel now that the hard
part of the work has been accomplished :;
that the people of San Joaquin Valley.
Contra Costa and Alameda counties and of
the city Of San Francisco will be willing
10 assist this enterprise in some form when
called upon 10 do so and when presented
to them in business way. which will be
done as soon as possible. In the meantime
our many friends along the line of this
road and this city can rest assured that the
road will be completed far enough into the
San Joaquin Valley TO move the crops OF
that prolific country before harvest next
year TO tidewater"