The morning call., 1893-07-01
FOR SAN JOAQUIN.
The Lists Nearly Ready for
Subscriptions.
PUSHING THE VALLEY ROAD.
Local Capitalists Interested in the
.o:..- New Enterprise and Promise :.
E.: ;: 1t Liberal Support. 4: :. = :.

>
The subscription lists for the Stockton
and Bak ersfield Railroad are nearly ready.
for signatures. and will be presented to:
the people of San Francisco by members
of the executive committee Of the Traffic
Association :: ;:s:'..<-:: 49,. FL =. -. -.
:. Five thousand copies of the prospectus
of the ne W company are being mailed to
the leading citizens of the San: Joaquin
Valley. From: the present time 1t sthe
intention of the. Traffic Association ito
push the work of securing subscriptions
until the new: line is an assured fact. $3.50:
- Local moneyed men have become aroused
.to.the importanceofth the proposed road and.
are coming forward with offers of subscrip-.
tions to the capital stock. This is very en-
conraging because the success Of the un-
deItaking depends to. a very. great extent
upon the cooperation and liberallty OF the
real estate owners and business men: OF.
this city,. :: TX !.
Z: The members of the Traffic LAS ISOLATION
express the utmost confidence In the. sue
cess :of. the enterprise, an d.:asSrrt that the
people Will mot: let an opportunity SIP
away from them that promises so much
good for: the entire State. The amount
estimated to be needed from the city. is
placed at $500, 900, and it is expected that
1t cant be quick y raised. -; ::
Upon the completion OF the locals sub
scriptiOns the work of canvassing the
towns and counties of the San. Joaquin
Valley will pegiu and as me people in the
valley are very enthusiastic il is thought
little difficulty will be encountered secur-
ing the million dollars that will be needed.
Ehe California League OF Progress Is
taking an active interest in the matter of
transportation and proposes TO lend lis
best efforts TO secure the construction oil
the valley road. The league is camposed
of the young business men OF this city and
they are wide wake and full of enthusiasm
losecure anything that will brighten the
commercial situation of San Francisco
and the State.
On July the executive committee of the
Traffic Association a the board Of control
OF the League OF Progress will hold joint
conference and at that meeting plans will
be agreed upon 10 place the new company
up"n solid foundation. e.
Nj. f. Lowensteins the secretary of the
League of Progress, in discussing the situa-
ton yesterday, sad::. "The league is very
much in earnest about the new railroad for
the San Joaquin Valley, and the members
do not propose to allow the undertaking to.
fall because OF neglect upon their part.
I'VE have not paid the attention TO the
question of transportation that we should
have done, and from this time forward We
prouOse to do our best TO obtain some relief
in that direction, No one VINO has given
the subject any thought can doubt for a
moment that the present stagnallon in bust
ness is due entirely to the excessive freight
rates and the determination. to which we
are subjected. 81
Il believe that the work of securing
tower local rates is the most mportant
mes sure with which we have to deala the
present time, and when they have been
obtained San Francisco merchants will
once more enjoy.a lucrative business.
Il believe that the completion of the
new road will see the commencement of
another line through The Sacramento Val
ley, and that means another transcOn-
mental line. We can bring goods to San
Francisco at reasona bic rates, but there our
power ceases. The freight charges upon
goods from this city TO interior points pro-
hiDiI their shipment.
"From this time forward the league in
tend to place itself In the hands OF the
Traffic Association for the purpose Of pay
ing special attpn ton. TO the question OF
transportation. The great advantage de-
sired by the establishment Of the North
American Navigation Company, which re-
suited from the efforts of tho Traffic Asso-
citation, has opened our eyes to the inpor-
lance OF working in that direction"
81 have talked so much about the great
need of com petng railroad lines to the in
terror that do not know what more to
say about it," said John T. Doyle. Until
something is done in that line San Fran
cisco will continue to remain in its present
unsatisfactory condition.
.'Look back over the city directories for
the last twenty years and count the num-
Der of Wholesale houses who have been
compelled to retire from business in this
city and then it will be seen how Injurious
the present system of transportation has
been.
I'VE have now an opportunity to build
the cheapest road in the country, and one
that will pay from the drst day freight
car passes over the track. The entire San
Joaquin Valley has been carefully surveyed
by the State, and we will be saved the ex-
pense or another survey, there being no
difficult grades to encounter.
when the road is built in the San
Joaquin Valley then another viii be built
in the Sacramento Valley, to be followed
by one into Utah. Then the rates that will
be esta olishsd by the new road will regu-
late the changes that must be made by the
other roads for similar mileage in the
State.
"The Southern Pacific Company is mort
gagged to death. Every mile o. road that.
cost $50. 900 has been bonded For $40, 600.
Its managers have been making money by
selling their mileage to the bondholders,
and not by legitimate transportation
business. 80; -: go.
3: 1.-The new road will be honestly con-
Quoted, honestly operated, aud very saon
after its completion the: Southern Pacific
people will be down on their knees asking
for mercy"
THE hutIdinp .Of Mutual fife fncur-