The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1894-12-01

scientious opinion of that body that he
has been and is the most competent avail
able man for the position. The only mat
ter of difference, it is understood. was a
question OF salary, some of the members
believing that the association was not in a
position to undertake to pay The amount
which has heretofore been given the man
ager.
When Mr.. Leeds first took charge of the
association he was paid $4,000 per year,
and ne insisted that as he could readily
command that sum in other fields there
less amount from the Traffic Association.
This information was conveyed TO the
subcommittee which had been appointed
TO attend to the matter at meeting held
on last Wednesday, and was the only rea-
son for delay in re-engaging Mr.. Leeds
until yesterdays meeting. as it was well
understood that if he would accept a re-
duction a contract would be closed at
once, all OF the members being favorable
to a proposition of that nature.
As 10 the matter of salary under the
contract entered into yesterday Mr.. Leeds
explicitly states that it j. the same that he
has been paid heretofore, while President
Upham refused to say anything on that
point 1t is probable that the executive
committee, realizing that MIR. Leeds would
be re-engsged only upon the basis of his
old salary, concluded to make that conces-
sion.
Next Wednesday the annual meeting OF
the association is TO be held, aud it is
understood that there are many matters
of importance which will be brought for
ward. The action of yesterday by which
Mr.. Leeds remains as manager is looked
upon as sure indication that the assoc-
alton intends TO not only continue in bust
ness for another year. but that it has
within lis possession fairly satisfactory
evidences Of its ability TO build the San
Joaquin Valley railroad.
While there has not been any startling
surface indication OF n favorable nature
within the past five days regarding this
project the work OF getting subscriptions
ana attending to the thousand and one de-
tails has not relaxed. Publicity of all its
transactions the association members
have found while quite satisfactory to its
friends at times has proven Injurious to
the work in hand.
When Everything is Immediately given
to the public, In connection with an enter
prise OF this character. If few days elapse
without something startling occurring 1t
causes depressing effect upon the minds
OF the associations friends, and gives its
enemies an opportunity to again boast that
the project has gone to the wall.
Too much Importance was given the
Meeting of the Bank of California the
other day, so far as any expected benefits
from the action of the directors of that
corporation relative to the railroad are
concerned. The truth Is that while it was
hoped that that banks stockholders would
show some disposition to aid the enter
PRISE, no assurance was ever received by
the Traffic Association that they would,
and no member of the latter body ever
made such a claim. All expectations were
based merely upon hope. and the unfavor-
able action taken was not the first obstacle
with which the association has met, nor do
the members expect it to be the last.