The morning call., 1893-07-15
MEETING SUCCESS.
Stock in the Valley Road
Readily Taken.
THE CANVASSERS AT WORK.
San Francisco Merchants Realize the
Need of Competing Railroads and
Respond Without Urging.

One of the committees appointed by the
executive committee of the Traffic Asso.
citation to solicit subscriptions for the cap.
ital stock of the San Fran cisco, Stock ur
and San Joaquin Railroad Company began
work yesterday and met with most excel
lent success.
The committee consisted of: Barry Bald
win. president of the association; Isaac
Upham, the treasurer. and T. W. Var
Sieklen of the executive committee. They
called upon large number of bushes:
men and property-owners. and in every
case but one they secured subscriptions.
The present scarcity of money cause:
some of the business men to take less
stock than they would if times were bet
ter, but they intend to do the best they
can. The people CT this city are fully
aroused to the nece -itY Of securing CON-
petng lines to the interior OF the State.
and especially the one through the San
joaquin Valley.
Leading merchants have freely stated
that they are actually suffering for roads
leading into the State, and relief cannot
come to them in any other manner. They
can get goods into San Francisco at rea-
sonable cost and they can manufacture
here cheaply, but when they undertake to
reach market for their goods they are
confronted with excessive local rates.
The new enterprise as business prop
ositiOn appeals to tho capitalists as wen
as the merchants. 1t can be constructed
cheaply, operated at low cost. and Will re-
ceive enough business from the very be-
ginning TO make money for the stockhold-
ers. There never has been more favor
able opportunity for profitable investment
presented to the people.
President Baldwin last night said !:
''We started out soliciting this morning
full of enthusiasm for the new road, and
when our days work was ended we were
more enthusiastic. We met encourage
ment from everybody, and only one gen.
tleman out Of a large number declined TO
subscribe.
I'VE feel more confident every day that
we viii succeed in raising all the money we
need, and that it will not require very
long time to do it. The people fully un-
derstand the need Of the new road, and
the newspapers have made them familiar
with the plans of the Traffic Association.
and we find they do not require much urg-
ing to subscribe.
1--WE know that if we build the road
through the San Joaquin Valley it will
not be long until there is one built through
the Sacramento Valley. The line we are
w
rates all over the State, and in time we
will have q competing system that will
bring the great business of this State into
San Francisco, where it belongs.
For the present We will not make pub
lie the subscriptions to the stock, but we
will keep at work until S350.0O0 has been
obtained"
First-class passenger rates on the Great
Northern have been made as follows
From Tacoma, Seattle and other Puget
Sound uGinls, via st. Paul or Willmar to
Sioux City, Des Moines and Ottumwa,
$50; Council Bluffs, $50 go: Burlington,
332 10: Kansas City, $50 %; ST. Louis,
HS6, Rates between intermediate points
Mag be hlLggl- se- bss.ass--Eale of SOC
Jdthe Missouri River has also been estao-
lished for rate-making points &c Eat of
those named above.
The New York men have arranged 10
build railroad from Medford to Klamath
Falls. via Mount Pitt. distance OF
seventy-ive miles, passing through large
body Of land belonging to the Central Pa
cific.
The town of Medford has voted $40, 00C
in bonds to assist the line, and capitalists
of Portland have agreed to take $500, 00(
in the bonds. The balance of the money
needed has been arranged for, and the
building of the road seems to be assured.