The record-union., 1894-05-16
INDUSTRIAL IMPROVEMENT.
The Note-Signers' Annual Meeting
Last Evening.
They Elect Directors and Leave the
Continued Employment of Mr..
Howell to Them.

The signers of notes of the Industrial
improvement Association held meeting
at the Courthouse last night, large num-
ber being in attendance.
David Lubin called the meeting to or
der, and George NJ. Mott was elected
Temporary Chairman and w. f. Crone-
miller Secretary.
On motion, the Chair appointed COM
mlttee of three, consisting of K. +. Haw-
ley, Daniel Flint and J. w. Wilson, to
select eleven names for directors for the
ensuing year.
G. E. Howell, the gentleman who has
been engaged in promoting the enter
prise, said he would try to explain what
he had done by the use of maps which he
had. He had been told that he would be
expected to give his views as to this being
q good time to commence this work, it
being thought that in the present state Of
financial depression it would be unwise
to push it.
He was also expected to explain why
he thought this would be good place for
manufacturing, and if he thought that,
with only one railroad and at a distance
30.
The position this place holds toward
other places makes it natural manufact-
uring place, and it is as we'll situated as
any city on this coast. He believed that
In few years there will be several COM
peting transcontinental railroads in oper-
alton. He would explain the financial
situation and future prospects.
he read an editorial from a paper pub
lished in the East, on the financial ques-
ton. He stated that in Chicago there had
been more building done within the past
three months than after the great fire in
1871, 1,3lS buildings having been CONF
menced.
He did not advocate this as being the
best time TO put in new factories. 1t takes
some time for those who wish to put in
factories to look over the ground and see
whether they conclude it best to do so.
To show that there never was a time IN
the history OF the country when money
was SO plenty as now, he said that when
a short time ago. Paris wished to sell a
large amount of bonds at q per cent. ten
times the money needed was offered. The
great trouble is the uncertainty in which
people stand, and they are timid about
investing and more disposed to econo-
miZe.
The speaker had resolved to economic
10 per cent. on his wearing apparel last
ldlI, Dut TeuecIou Indt II everybody ulu
that it would result in throwing 900, 600
men out of employment. People, how
ever, economize in such times. We are
debtor nation, doing business largely
on borrowed capital. The times of panic,
he thought. came about every ten years,
the business of the country changing
hands largely into those of younger men
about that often. 1t would not, there
fore, have been good time TO start last
year.
1t is good time, however, to start in
1894, and it will be 1898 before it can be
carried out. Before A. d. 1900, he felt
certain we will see several competing
railroads across the continent. Now is
the time to commence. He did not say
this because, as some people had said, he
was on salary. Failure meant much
more TO him in this matter than to his
hearers. This world is progressing-is
growing fast. In the next ten years there
will be far more Improvement in rail-
roads, manufactures, electricity, ETC., than
in the past nifty years. 1t Is time we were
preparing for 1t, while we have a chance.
While it would not pay to start factories
here without continental roads, it will
with them.
Many people say the trouble with this
country was that il had only one rail-
road. If he had lived here he should
have thanked God that it had one rail-
IOdus Liz RTOWln Ol SdlllOIDld HAS p66I
greater With one railroad than that of
Oregon and Washington combined with
two transcontinental lines. There will
soon, however, be more lines here.
There will be railroads here to deep
water. After times of depression like the
present; after it is over and all the money
that can be is invested in ordinary busi-
ness, people invest in railroads, in order
to open up the country. He gave a
sketch of railroad building through Ore
gOn and Washington and said that they
would ultimately find their outlet here
on deep water. The railroad from the
Caspian Sea through Asia to Behring
Straits will ultimately connect with one
run up this coast into Alaska.
Five tranScontinental roads, he said.
cannot afford to divide the business OF
the Northwest and leave one railroad to
harvest all the business of this State. The
systems center at the east end on deep
water on Lake Michigan and the Gulf OF
Mexico, and must center on deep water
on this coast. The cities here will be
larger than at the East, because the good
harbors are so much fewer. All the roads
will come to San Francisco. He ex-
planned from maps and diagrams the
amount of extension of transcontinental
roads.
1t would be far better, he said, for the
Southern Pacific to have two roads here
1OI fsVOOsOOO VI O,OCVybUU p6OD1O ludu 10 D6
alone with only 100000. The roads are
bound to come, and cannot be kept out.
He explained why the railroads all strive
to be first in reaching Duluth in order 10
have water outlet, and said it woald be
so here. He showed how the people oi
Baltimore built the Baltimore and Ohio
road, the first in the United States, and
how all the panics had not been able tc
stop it.
Philadelphia had more drawbacks than
this city has ever had, but has increased
from 10000 people in 1850 TO over 1,000,-
600 in 1890. The worst enemies Saera-
mento has to-day are those who live in
this city and who tell people who invest
that they will lose their money, and thus
discourage them. The Southern Pacific
Company were the only people who en-
couraged him when he was considering
the feasibility Of promoting factories here.
He read a letter received from their
Office at that time, saying that sacramento
possessed the same facilities as 10 rates oi
freight as San Francisco or any other
place. This city, he said, with such equal
facilities. even with one railroad, should
grow and progress to prosperity. The
river. too. was worth millions to 1t, but
the people do not appreciate 1t. There Is
no reason. when it is dredged out, why
it should not grow as Philadelphia did.
He cited the pipe factory started with
four or five men last December ana now
employing thirty. Such small factories
were just what he had advocated. Spice
factories, vermicelli, boots and shoes, tan
neries TO make leather. the best in the
world; cotton from New Orleans through
the Nicaragua Canal woolen goods,
which have been q success at Stockton
and Marysville. could all be made here
successfully. He made an estimate OF
what Sacramento had lost by letting the
beet sugar factory go down.
The people of this town had been either