The morning call., 1894-11-20
AGENCY AIDS ARE AT WORK
The Executive Committee Now
Takes the Field.
SOLICITING FOR NEW MEMBERS.
Many Hopes Builded Upon the COM
ing Stockholders Meeting of the
Bank of California.

The executive commute of the Traffic
Association held a meeting yesterday
morning, at which the subject of member
ship 10 the organization was taken up and
given thorough discussion. 1t was de-
cided that each membe of the committee
should take number of names of those
persons who had not yet been secured for
4 renewal of mem bership and see each in
dividual. The solicitors who have been
in the field for this purpose did very good
work. but there were many men who were
not prepared at the time they were ap-
preached to give definite answer, and it
is this class that the executive committee
men will wait upon.
Meanwhile the work of enlisting the CO.
opera lion of the banks and individuals
from whom large subscriptions are antic-
pated goes we'll along, and the officials eX-
pect to have further cheering news 10 give
out In his direction before many days
have passed.
Mr.. Leeds spoke quite encouragingly
Yesterday upon the mem bership question,
and seemed to think that after the eXscu-
tive committee got to work on the matter
all the old members and many new on eS
would be added 10 the list.
He called attention to the fact that the
success or failure of the San Joaquin road
depended almost entirely upon the success
or failure of the Traffic Association; and
this being the case. he thought that the
applications made to merchants for sub
scrpti0ns should meet with a generous
reception.
"fhe question of expense cannot enter
actively into business mans calculations
when reviewing this subject said be, ''as
1t Is merely nominal. the highest payment
being S37 30 per quarter, the next $25 per
quarter and the third. or q class, mem bpr-
ship only costing SIS quarter. or So a
month.
"We are anxious that the people should
not forget the purposes which this asso-
citation has in view, and they may be
bri' fy summarized in two sections:
"first-To complete, if possible, the
work now in hand of Introducing local
competition by the con struction of system
OF local competing railroads IN the State
aud to encourage competition by sea.
''Second-To labor wi the newly
elected Board of Railroad Commissioners
to the end of securing equitable local
tariffs ana TO assist them. If need be, in
securing the necessary Appropriation
through the Legislature to promulgaie
the railroad tariffs of tie State as the law
directs.
1.-The Traffic Association will. of course.
be unable to accomplish anything unless
it be materially aided by the business men
OF this city. in whose interest and to the
b-nef of whom the association deYotes
its whole time and energy"
1t is the opinion of several members of
the executive com mittee that the time is
ripe for pushing forward the work of col
lecting small subscriptions from the peo-
pie. win proper effort" said one of
these gentlemen yesterday, II believe that
grea success would attend a movement in
his direction. The trouble at present is
that we are awaiting the action of big
capitalists too much, whereas there are
hundreds and thousands of men and
women in this citv whose worldly DOS
sessions would not, perhaps, permit of
their subscribing more than 500 or $500,
but who would be willing 20 ala the en- En-
prise If properly approached. [ know that
L would not feel like coming forward with
a 500 subscription just now Wills the
pa ers are all full of $4,000 frs"
Next week the stockholders OF the Bank
of California viii hold their annual meet
Ing and the friends of the valley road will
see that these gentlemen have an oppor-
tunity to hear what is promised by the
successful completion of the project
Following is an extract from the agree
ment governing subscrip tiols, which will
explain The condl ions governing the same ::
Inc SUBSCRIPTIONS of TIE undersigne ed,
ana each of them, are made, however
upon the express condition precedent tina
u l'ss within ninety days from and after
tue uate nereOI, snail De Su0scr bed 10 the
capital stock of the SAID San Francisco
ST ckton ana San Joaquin Railroad Com
psny sums OF money aggregating in all
the amount of three hundred ana f "
thousand CS25o, COO dollars, the subscrip.
lions Of tue undersigned. and each of
them. shall be null and void; provided.
however. mat the executive committee of
he Traffic Association shall have the
power TO extend tie time within wlich
said amount may be subscribed, but such
extension shall not exceed six months. Il
IS further understood that no cal shall be
made until the full amount of three hun
dred aud fifty thousand $3.50. eco dollars
shall have BEEN subscribed. and snhscrip.
lions shall be then payable IN insta lments.
extending through six months or more, al
the board of directors of said proposed cor
pora'ion may determine, but no call to
exceed 20 per cent. of The subscription
shall be made al any one time"