The morning call., 1893-07-19
PLEASINGRESULTS
Canvassers for the New
Road Encouraged.
OPPOSITION is EXPECTED.
The Efforts of the Southern Pacific
to Defeat the New Enterprise
Will Surely Fail.

"If the San Francisco, Stockton and San
Joaquin Railroad is built it will be after II
has overcome all the obstacles that the
Southern Pacific Company can place IN us
way" said gentleman interested 10 the
new Toad during the course OF conVerSa-
tion yesterday.
1.-The owners of the Southern Paclnc
realize that roads controlled by the peopie
and leading from this city through the rlcn
valleys of the State will cause them 10 re-
duce their present high rates and 90
transportation business on legitimate
basis. For years they have derived an
enormous profit from the local trafhc. ana
they will not give it up without a StruS-
gle."
The Traffic Association and the people
who are lending their assistance IN ORDER
to secure a competing line fully under
stand that every movement they make I'D
forwarding the enterprise is going to be
met with the most bitter and determined
opposition of the Southern Pacific. They
are prepared for such treatment and eX-
| press confidence iu being able to over
| come it.
At one time persons who for some reason
were bent on building rival road to some
point or other in the State bought up the
narrow-gauge road built by Mr.. Peters
and running from Newark to San Jose
and southwark. 1t was small affair run
ming between two terminal points ana
| possessed no amount Of commercial con-
nection.
| There being water connection between
| San Francisco and Santa Cruz, the busl-
ness OF the road was confined to carrying
way freight ard passengers. 1t was forced
to construct an expensive tunnel, aud was
as unfavorably located for getting way
business as 1t was possible for road
to be.
1t cost about 81. 900, and ultimately
came into the possession Of Senator FAIR.
In time that little road, with all the disad-
| vantageS under which it labOred, became
such thorn in the side OF the Southern
| Pacific people that they concluded to buy
it for S6.000.000.
| They paid S5O0,000 in cash, gave mort
gage on the road for S5. 5000 and then
| issued upon 1t about $4,000, 900 in stock for
their own benefit. The road now repre-
sents about $12,000,000, although it ccst
| less than one-tOurth of that amount to
construct it.
Such has always been the policy of the
Southern Pacific. They fight the con-
structi0n of all competing lines and ii such
| lines are built they purchase them, and by
their usual methods Of manipulating bonds
and stock make large sums Of money.
They are fully aware that they Will be
unable to purchase the San Francisco,
Stockton and San Joaquin road. after its
completion, because it is being built by
the people TO secure relief from high freight
rates. and it will not be permitted to pass
into the hands ef their greatest enemy. 1t
is also true that the Southern Pacific no
longer has money with which to buy up
its competitors.
The success of the North American Nav
igation Company has put new life into the
people of San Francisco and they are Offer
ing to do all in their power TO secure the
valley road. The fight cannot stop now,
but must continue until the fight for low
local rales has been won.
The gentlemen who are canvassing for
subscriptions TO the stock of the new com
pany are constantly at work and meeting
with excellent success.