The morning call., 1893-07-23
FORGING AHEAD.
The Valley Road IS Being
Well Supported.
FUNDS WILL BE SECURED.
Members of the League of Progress
Are Preparing to Assist in Secur-
ing Subscriptions.

The work of securing subscriptions tn the
San Francisco, Stockton and San Joaquin
Railroad is progressing successfully. and
it can be recorded as a certainty that the
road will be built.
The business men of the city have put
their shoulders to the wheel, and with the
assistance of property-owners and capital
lists it is only a question Of few weeks
until $3.50. 900 is secured. the amount that
is required TOR the organization and in
corporation of the company.
The foremost men of the city have come
forward and not only pledged themselves
to subscribe literally. but they have gone
to work to influence others to take stock.
One capitalist alone has agreed to take
$4,000 worth of stock.
The fact that the Southern Pacific with
its bonded Indebtedness of S2O2. 600. 900 pays
a net profit of several millions each year is
evidence enough to convince the public
that stock in an honestly constructed and
operated road will prove paying invest
ment.
1t is fully understood that line built
down the San Joaquin Valley at cost OF
$4,000, 600. Of which three-fourths would
be in bonds at 6 pr cent, would have to
of S11, ,OO0,0OO which the Southern Pacific
pays. Consequently it Will pay big in
come from the very start.
A. WE'LL. one of the largest merchants
in Bakersfield, was in the city yesterday.
A few weeks ago Mr.. WE'LL expressed him.
self to CALL representative as heartily Y
in favor Of the new road and promised
of his freight He said he is now more in
earnest than ever before and so are the
people of the San Joaquin Valley.
During his visit here Mr.. Weill has en-
deavored to learn how much interest the
people Of this city are taking in the new
enterprise, and he is delighted to learn that
every one is giving the project an earnest
support
He said that the new road is creating the
creates interest throughout the valley and
when an opportunity is afforded to the
people they will subscribe literally to the
capital stock. In his opinion the people
of the valley will give the now road their
entire business no matter how low the
rates are made by the Southern Pacific.
nj. F. Lowenstein. Secretary of the Cali
fornia League OF Progress, said that COM
mittees from that organization will start
out next week to assist the committee
from the Traffic Association in collecting
subscriptions for stock The young and
energetic businessmen, who are members
of the league. are very enthusiastic over
the new railroad and will labor faithfully
TO secure 1t.
In the six counties of the San Joaquin.
Stsnislaus, Merced. Fresno, Tulare and
Kern there Is an abundance of all kinds of
products which will furnish ample busi-
ness for the new road. At present they
are kept at home because of the arbitrary
rates and discriminative methods in
vogue.
There is probably no like area of terri
tory in the United States which will
yield so large and so prof able traffic for
railroad. 1t has capacity for sustain
ing a population of at least 100000
census, ii has only few over 100. 600.
There is no other portion of our whole
country So prolific in resources for large
and profitable local traffic.
Mrs. Stanford has PLACED her brother,
Char es Lathrop, In the board of directors
of the Market-street Cable Railroad Com
any, and it has been intinated that he
will also repgesenl her interests in the
Central and Southern Pacific.
Mr.. Gag. represents the estate in the
Southern Pacific at present. and the Off
cials at Fourth and Townsend express the
opinion that Mrs. S SanfnTd will not ask for
any other representation.
The residency of the Central Pacific is
vacant and will be filed at an early date.
The present Intention is to elect Colonel
Crocker to the position.
As usual the officials of the Southern
Pacific pretend to ba ignorant of what is
going to occur, but it is very evident that
a number of changes will be made during
the next few weeks.