The record-union., 1894-05-16


island in northern Japan, which. 1t had
been lately discovered, was covered with
the finest quality of hard WOODS used
here, and had suggested that 1t would
probably soon beome a cheap source OF
supply.
He wished to be perfectly honest with
this people. A man might make great
show for a time, but the result OF his
work at the end of the year will tell.
He had not thought it expedient to
call in the money for the notes at
this time. but thought it best to take
little more time. He thought that
the proper way would be to make such
arrangements as would have them ready
to act when the electric power was
brought here. This, he thought, would
not be until next March. He believed
that great future was before the Pacific
Coast-that it had greater field for sup
plying the country north, south and east
of 1t than the Atlantic Coast. The im
proyeinent OF this river is a necessary
thing. When it is done there will be
chance for 1t to catch up TO san Francisco,
as Philadelphia is Of late years catching up
TO New York.
He had made arrangements with the
Folsom Power Company to furnish
power TO this association at a much less
price than 1t is furnished in San Fran
CISCO In addition 10 this, for the first
year it will get a discount of 40 per cent;
the second, IS per cent: the third, %, and
the fourth 10 per cent. If the association
| can set 500-horse power at work, it will
make a saving of $780, ,000 over san Fran
cisco prices. He had figured with per-
son who proposed 10 start a reduction
plant and found the cost OF power TO be
reasonable.
He would like to talk longer, to give
people something to think OF and talk of
on the streets besides having only one
railroad, past failures, etc. They should
have committees to look after various
matters, light, water. fuel, etc., and edu
cate the community on these points. He
| thought the work should 20 on. DO not
let it drop, whether the speaker stays here
or not He did not think factories
should start till the power to run them
was here, but have them ready TO start.
When the power is an accomplished
TACT, send out circulars over the State and
through The East announcing the fact
that they were going to dedicate it and
institute several large industries and
start the town. He pfophesied that il
this were done the city III 1910 would
have sufficient population to go to work
and dredge out the river itself ii the Gov
ernment did not do so.
l. w. Sheehan asked whether Mr..
Howell expected To start the factories
from outsiders or from citizens OF Sacra-
mento.
Mr.. Howell said that he expected to get
some outsiders, and some SacramentanS
will probably start. He could give names
of parties who were figuring on coming
here, but preferred not There have been
some things offered which he had inNeSti-
gated and discarded. Ii we want to get
certain class OF factories we may have
to help them little at first. We must,
however, sift these things carefully and
see which are likely TO prove profitable.
The committee which had been APP
pointed TO select eleven names and pre-
sent them to the meeting reported, nam
| ing David Lubin, G. a. Luhrs, i. Tozer,
a. j. Arnold q. b. KatZenstein, IL. O..
Smith, W. 4. Gormley, l.. l.. Lewis, j.
! w. Wilson, w. A. Curtis and r. S. Bent
! ley.
| They were unanimously elected.
| Mr.. Sheehan thought that some report
| should be presented by the directors,
! showing what had been spent tor salaries
and other expenses.
| Mr.. katzenstein said that partial as
! sessment amounting to $1,000 had been
/ collected. The only expenses had been
/ the salaries OF Mr.. Howell and his clerk
and about $500 of expense which had been
incurred before he was engaged. a state
ment will be published.
at the last meeting he should have asked
that statement be prepared for tonight.
The matter OF continuing the work must
rest now with the note-signers.
Fred Williams said he did not question
the expenditures, but the knowledge of
the directors. He had not gathered from
Mr.. HowelFs statement that anything
definite had been accomplished. If the
directors do not know more than the
signers do, there had not been much
done. He would like TO know.
c. a. Luhrs said the directors had,
after the last meeting. engaged Mr..
Howell to work up the plans. We cannot
build factories in four months. MIR.
Howell had been figuring on the cost of
power. Nothing definite could be done
till the cost of power was aScertained, so
| investors could know. 1t was not Till
| last week that they had been able to find
out the cost. A proposition had been
made to them In writing and accepted.
! One party who had been here had writ
ten from Portland on obtaining the
| figures, that he was satisfied and would
lay the proposition before his people on
his return home.
Mr.. Williams said if the directors were
satisfied with Mr.. Howelps work the
! signers would probably be.
Mr.. Cronemiller said he had listened
with interest to Mr.. Howell's statement,
and thought from the Information he had
received from 1t that considerable had
been DONE He moved that the matter of
continuing Mr.. Howell be left with the
directors.
Mr.. Sheehan liked Cronemiller's mo-
ton. The directors were the best judges
of what had been done. and if they took
the responsibility OF retaining MIR. Howell
! it would be because they were satisfied
with his work.
Mr.. Lubin said that many details of the
work could not we'll be given to the pub
! lie. Business men who were negotiating
with Mr.. Howell would object to have
their names given to the public, as it
might affect their commercial standing if
it were known they contemplated NOV
| ing their business.
Mr.. Howell said he had expected that
| the directors would explain what he had
| done. He had been figuring for weeks
on the power and had finally negotiated
until he was in such shape that if he
went away how he would be satisfied
that he done we'll and his services were
worth his salary to the association. He
was in touch with many business men
all over the country. The one Of whom
| Mr.. Lnbin spoke was engaged in busi-
ness that could be profitably combined
with three or four others. After going
all over the State he wrote back hero
from 1OTtlauu. or UlilSelI, U6 WdHteu
the moral support of the people if he con-
tinued in this position. otherwise he
could not make it success.
Mr.. Dixon said Mr.. Howell had done
the necessary preliminary work. If he
had done nothing more than secure the
figures on power he would have earned
his salary. In getting the discount he
| had added $4,000 to the guarantee fund
| for four years, and he thought it would
1 hc we md oh bnaH 10
had brought US to point where the tide
was turning in our favor.
| Mr. Williams favored the motion to
] leave the matter to the directors. and Ii