The herald., 1894-02-12
SANTA MONICA.
The Pleasure Wharf Proposition-Notes
and Personals.

Tie Pleasure wharf Proposition-Notes
and Personals.
SANTA MONICA, Feb. 1.-THE day
Yesterday was an unusually pleasant
one, and was all the more appreciated
on account OF the past two or three
stormy ones.
The fishing was excellent, and all the
old chronic anglers from Dan to Beer
sLeba in Southern California were down
and pulling the fnny beauties out IN
great shape.
Hunting has been unusually good, the
storm driving all the birds to land.
THE WHARF QUESTION.
The question of building wharf for
pleasure purposes, and of bonding the
town for its construction, is the para
mount topic of the hour.
| have received number of inquiries
from both nonresident and resident
property owners asking for information
about the proposition, and take this
method OF answering them, knowing
full we'll they are all HERALD readers.
First-The wharf proposed to be built
will cost in the neighborhood OF $780,
600. 1t cannot cost more If the peo-
Pile only vote that amount; and, II less,
| the amount of difference between cost OF
wharf and amount realized from sale OF
bonds must by law be converted into
the general fund. The rate of interest
cannot be more than Z per cent, and
they must run 40 years; thus making
5000 and interest accrued to be paid
yearly.
The cost of repairs on the wharf ia es-
timated by capable experts will not be
over 5000 yearly.
From the record of last years assess-
ment / find the total valuation OF the
town was 81, 1854 ,544, and with this as q
basis, not figuring any revenue from the
wharf, it would cost every $1,000 of yalu-
alton $1.15 for the first year and 81
cents the last.
The committee have an offer of $685.
for the wharf privileges, and your cor
respondent knows OF an individual
who will give $1,000 yearly for them
which will reduce the amount to b.
raised the first year to $40O-on eacf
$1,000 valuation rs cents-and after Thu
twelfth year a revenue to the city ovel
and above the amount to be raised
and in the 40 years the city would max
money by the transaction az follows:
| Bonds and interest," Az yedre.......... p4S, ~
Repairs. 5000 yearly, 40 years ........ 500
Total $56, 7O'
Revenue from the privileges for 40
years, at $500 year. .............. $oo,oo
Thus net amount to city of......-... $3.50
! The privileges mentioned above ar
/ those of wharfage, boating, and fishin
, tackle and bait, thus leaving the whar
to all intents and purposes free.
This statement does not make an
calculation for any increase OF valuations
l as the years roll by, neither does it tax
into account the value to each taxpaye
: BY reason of making not only his prop
! erty more valuable but salable.
: The informal election will be held o
D. otPf rssdtdtssfts sp nu%b sHns
! voters are in favor of the proposition til
7 board of trade will request the cit
trustees to call an election in reguls
: legal form.
! PERSONALS AND LOCALS.
DIR. McBeath, of San Bernardinc
visited the beach yesterday, guest c
DR.. Mcclure.
, The jury in the case of Lewis VI
Noon, brought in verdict for defens
Saturday night. The plaintiff ha
} given notice of appeal.
, The wind took another night q
blowing Saturday, but no damage wa
done. Verify, we are strictly in it
: Every place in Southern California
from Santa Barbara to San Diego, hav
reported damage done, but here w,
, come up smiling, asking has there beef
O storm?
: North Beach was the Mecca for al
the Sunday visitors who inspected tn
, work of the excavators for the plung
| and bath house.
The committee on site for tn
} selection of the place where the en-
campment will be held. were here yes
terdsy and chose the Seventh-stree
J park on Nevada avenue.
I. B. Hynes, of the Southern Cali
J fornia railroad, spent the day on tn,
beach.