The morning call., 1894-03-16
THERE Is NO MONEY IN 1T.
Threaten to Apply for New
Receivers.
PROSPECTS OF A SETTLEMENT.
Isaac Upham, Treasurer of the Traffic
Association, Says the Bakersfield
Road Will Be Built.

There has been noticeable complacency
In the manner in which the Southern Pa.
cific officials have discussed the pending
troubles with the Santa Feduring the pasl
few days, and to all inquiries President
Huntington In particular has expressed
the decided belief that the matter would
be settled amicably. 1t was presumed by
some persons who have watched the fghi
with interest that there was something
back OF the confident assurance Of these
gentlemen. and such has proven to be the
case.
The Southern Pacific officials have for
several days been aware that there is seri-
Gus trouble In the Santa Fe camp. There
have been many expressions of dssatisfac-
ton among the creditors of the road re-
garding the pugnac attitude of the
officials, and IL was urged among them that
the light was simply doing the road an
irreparable Injury and postponing indefi-
nitely the proposed rescue OF the road
from its present financial troubles.
Pressure was brought to bear on J. G..
Wilson, one of the managers of the road,
and few days ago he went East accom-
panied by c. III. Sheldon, one of the Off
cials. MIR. Wilson's mission was to see
President Reinhart and explain TO him
the growing dissatisfaction of the credi-
tors. many of whom met the gentleman
at an important conference in Boston.
At this conference, it is said, the credi-
tors took occasion to express their OPP
position to the continuance of the fight and
the meeting was not devoid of warm th.
1t is asserted that threat was openly
made that if the present condition of af-
NnT IS2.s
made to the court for the appointment of
new receivers.
These signs of internal dissensions have
not gone astray on the wires between the
East and the big Offices at the corner of
Fourth and Townsend streets. On the
contrary each particular phase of the sit
uation has been faithfully transmitted TO
the Southern Pacific officials here by the
companv's agents In the East, and as a
consequence they have not been partcu-
larry perturbed In spirit as to the outcome.
A dispatch is said to have been received
by them yesterday in which such conces-
sions on the part of the Santa Fe were
made as will probably cause the present
reduced rates to be withdrawn from the
boards In few days at furthest.
There Is just one little point of differ
ence, presumably. existing between the
officials of the two companies as to the
preliminary action to be taken in adjusting
TIC Uc Odutd F6 Is DlaceQ IN
somewhat embarrassing position. The
war was begun by that road, and it en-
phasiLed its cut by a withdrawal from the
Western Passenger Association. Not only
this, but its officials In towns outside of
San Francisco have asserted. through the
determination to keep the fight up until
their terms were sceeded to.
This being the case the Southern Pacific
people. II can be readily seen, think that
the intatory action looking toward
the restoration of the status existing
before the cut should come from the Santa
Fe, while the officials Of the latter road say
that as they have practically been com
PEELED TO abandon their position il is not
right that they should suffer the humiliation
Of public acknowledgment of the same
when the ends desired can just as readily
be attained by another course.
But this Is minor matter and will doubt
less be settled in a manner agreeable to
both parties within forty-eight hours,
Meanwhile the operation of the low rates
Is giving California such flow of travel
from the East as the State has not expert
enced since the big boom few years ago.
A gratifying feature OF this importation
Is that many Of the people arriving here
are seeking homes. Real estate dealers in
this city who have business connections In
the surrounding towns re port that there is
a notlceably large increase in the inquiry
for lands, ana that the city itself Is begin
ming to feel the effects OF the stimulus in
trade.
Isaac Upham, treasurer of the Traffic
Association aud member Of the execu-
tive committee of that organization. spoke
directly concerning the proposed San Joa-
Quin Valley road between Stockton and
Bakersfield yesterday.
Every sensible man knows that the
proper and necessary thing 10 do is to
In
whom we meet admits this to be the fact.
The project has not yet been abandoned.
II will be taken M again. but probably not
until after the relations Of the merchants
to the Panama Railroad Company are def
nitely fixed. Nothing therefore may be
done toward getting subscription for
stock before May l. I believe personally
that the road ought to be built The out
look is good for continuance of competi-
ton by sea. Some people have said that II
the North American Navigation Company's
line should not succeed there would be no
more work for the Traffic Association. /
90 not agree with them. NY opinion "a
that we have more work before us than
ever. personally favor building the
Stockton and Bakersfield road, and con-
slider it 8 necessity"
The troubled career of the local nassau
ger association bids fair to come to an un-
seemly end. The association has abont
IrVoV VI noIo uepOslteu IN the Croker
Woolworth Bank, that sum represen ting
the guaranty put u by each one of the
members. Yesterday afternoon A. w.
Myer. the Callfornia-street railroad and
steamship ticket agent, got out an attach
ment on this money and IL Is now ia the
hands OF the Sheriff. The association
some weeks ago fined Mr.. Myer for alleged
violation OF the agreement which was sup
posed to govern the actions of the mem
bers. Mr. Myer took the case into court
and beat The association and now has a suit |
pending agains. 1t. 1t was to secure nos
sible judgment in his favor that the al
tachment was issued.