The morning call., 1893-10-26

when we had the work Of only about ten months
to review, we could report but little accom-
Fq mpsl r P Gnr T9TK
10 that Ghich has been advanced during the
year jpst closing We pOw feel that we can
:point with some satisfaction TO such results as
fTLlN inStIfy fhe exIstepce'of the organization
shd eutlte il TO the confidence and support OF
aaf fcldsseS of citizens of this city who haY- auy
Interest in IFS future commercial prosperity as
well as the support and cooperation OF the pro
Queer and consumer of the interior country OF
. rbe whUle Pacific Slope. We believe that with
such support and cooperation we are lustlhtd
In ibe expectation that this organization VIII
: become: one of the recognized institutions OF
: tiis State, second TO no other commercial body,
and that its scope OF usefulness may be made TO
exceed the most SanguIne expectations Oh It's
. original promoters.
Ii viii be the purpose of this address to
Cnumerate some OF the most important Work
accomplished and undertaken by the asSocla-
ti0a, with The results at iained; also 10 treat
somewhat OF present conditions with some OF
4 tie events which led to them, make some sug-
gestions as TO The treatment OF the subject win
which We have TO deal aud present some hints
as 10 future policy.
VIVA ever OF success we have TO record Tor
tile past year has ben due to cooperation, and
we regard thorough organization and cohesion
: as; absolutely essential elem nts TO our future
success IN whatever We may undertake
-:Wesk done by The association and the results:
=. W bile the objects OF the association as SET
fGI5t In our constitution and bylaws are com
.prepefsIve and cover large scope, the things
Which were in nina by the promoters appear
TO have been largely inspired by the abuses
pna actieed by the TranscOntiuental Association,
and it. was thought hat disruption OF that
G IMITATION and a discOntinuanee OF the pay
nie2t Of subsidy to the Pacihc Mall steamship
Company by the transconiineDtal roads would
be. a lOag mOve iD the right direction. Some
IrQgaess had been made IN that direction be-
fore cur first annual meeting, but the nnal GlS-
solution did not take place until the END OF the
!. We; are now able to report that the Trans
continental Association Is completely broken
IED and the subsidy 10 the Pacific Mail ceased
December 81, 1892. The clipper line, which
was organized a year and nall ago almost
wffolly by members of this association, Is still
ip successful operation, and has completely
fYreEen ND the domination over that route by
Inc overland roads. In the month OF February
rlfS year; tbe contract between the Paclhc Mall
COMPANY and the Panama Railroad Company
expired after an existence OF fifteen years, and
was rot renewed because of the refusal of the
Panama Company TO continue as subsidized
line they believing that with ou: cooperation
they could build up legitimate traffic business
Jn the ruins left by the Pacific NAL. You are
ali familiar with the formation OF the North
American Navigation Company and Inc con
tract which was obtained with the Panama
Railroad Company for its operation, whereby
we have the exclusive trade between points
rorIh of AcapulcO, aud the Atlantic SeaDOard
of our country and Europe, the result of which
has been the abandonment of The line east OF
Coion by the Pacific Mail and the charter OF
their ships 10 the Panama Railroad; ana the
continuation of tile North American NaVlga-
tlon Company VIII doubtless lead 10 the COM
:nlete disruption of the faclhc Mail. The
Southern Pacific Company and their eonnec-
tions at once began 10 wage war OF eXlerml-
nation, the results OF which have been aStouud-
ing, demonstrating the saving which may be
made IN our carrying trade on through traffic
by the permanent establishment Of a sea line
via the isthmus route ana keeping the same
under our own control.
A few examples of the results which have
been accomplished by an investment, OF expen-
uitu,e, OF much less than 100000 show how
extremely vulnerable the transcontnenlal
traffic aud how they regard the sea factor
OfcdmpettiOn; furthermore, the great value OF
sea competltion 10 this city aud the State at
large. II must be plain In the face OF these re-
suits that with competitive line In the san
Joaquin Valley and with a maintenance OF the
se;; lines we now have, we would be IN a c0u-
trolling position both as to local ana through
traffic OF the central portion of the State, az
well as the traffic of that portion Of the State
tributary to the sea coast.
III 1891 the earnings OF the transcOntinental
roads from freight traffic OH the lines south OF
Oregon were Sl663672 81, OF which the
Westbount amounted 10 $10,189,300 81, or
about 81 per cent The earnings on points TAX
= ing aSan francisco rates and divisions were
SS'S46'33l -, oil which the wesDound were
$6.6SO,l5 l57 4S. For the year 1892 the same
lines earned S1G,425, $50 15 Of which the
westoound amounted TO about $4,000 900 90.
Ihe earnings OF The Southern Pacific Com
pany OF east aud westbound were $S,414,-
061 %, or 61.22 per cent; the earnings OF the
Pacific system being "a. 8 per cent Showing
that they assume at least that percentage of
whatever sacrifice in revenue is made In this
war against the city and state. for the purpose
of Te-establshlng the old conditions whereby
they were masters OF cur commerce. and
demonstrating their antagOnisms TO the in
teiests of this city and State and the great
necessity there Is OF establishing our iudepen-
dence OF them permanently.