The herald., 1894-09-27
NEWS ABOUT RAILROADS
STEADY INFLUX OF SETTLERS TO
THIS SECTION.
Reduced Passenger Rates Being Temp
orariiy Made by the Railroads
ON Account OF the st.
Louis Fair.

The reports that there was a pos
sibiity Of another war of rates between
the Southern Pacific and Santa Fe
roads created considerable interest yes
terday, but in the light OF more recent
information the report was premature.
On Tuesday night the cut rates were
telegraphed west without extended ex-
planaton and only one inference, with
the limited knowledge then at hand,
could be drawn.
II appears that the eastern roads ply
ing from Missouri and Mississippi points
have cut passenger rates in consequence
OF the st. Louis fair. and the Santa Fe
and Southern Pacific roads in making
the cut in rates to Chicago, st. Louis
and Kansas City have merely restored
the equilibrium SO far as they are con-
ceFned in their relation with the eastern
roads. These cut rates will only exist
between October 2Sth and Novem ber
9th, both dates inclusive.
THE NEW can JOAQUIN ROAD.
SAN Francisco, Sept. 26.-The Cali
fornia Traffic associations executive
committee met today to consider further
the echeme OF building a railroad up the
San Joaquin valley. Isaac Upham, f.
V. Van Sicklen, B. f. Durham. Alvinzs
Hayward and Thomas Magee. eli mem
bers of the Traffic associations execu-
tive committee, were finally selected as
trustees of the railroad company. Sub
scriptiona are to be solicited at once.
The name OF the new line is to be the
San Francisco, Stockton & San Joaquin
Railroad company, with capital
stock OF So. .000,000, although it is be-
lieved s., 600 900 will be ample for con-
struction and rolling stock. No sub
scription to the stock ia to be valid un-
less $4,000 be obtained, and at the
end of 10 years the stock is to be de-
livered to the holders of trustees GER
tificates.
Subscriptions in San Francisco will be
solicited at once and Traffic Manager
Leeds believes in 10 days sufficient funds
will be obtained to warrant incorpora-
ton. Construction will be commenced
from Stockton south. 1t is expected
that right of way will be given by the
San Joaquin valley people.
The new road expects to reduce local
freights 40 per cent. To prevent the
road from purchase and absorption by a
competitor, the power to vote the sub
scribsd and issued stock will be vested
| in the trustees, pledged to maintain and
operate the road strictly as competing
line. Vacancies on the board OF trus-
tees are to be filed by a majority of the
surviving trustees. Each new trustee
will be pledged as the original five.
Stock win be represented by certificates
issued by the trustees to subscribers,
among whom any profits arising from
the operation of the road shall be di-
vided. II any consolidation or amalga-
nation be made with another corpora
tion, the trustees must obtain a major
| ity of the capital stock of the console
dated corporation.
PERMANENT SETTLERS ARRIVING.
On an average more than 10000
pounds of household goods are received
in Los Angeles every day via the South
ern Pacific road alone, showing that
quite a number of permanent settlers
are coming to this city, and as the ma
iority OF families bring only tine more
valuable OF their household effects, it is
sale to say that q mixed carload of house
hold goods will represent three or four
families. Yesterday no less than four
| carloads of household goods were re-
ceived at the Southern Pacific depot,
and the destination OF one car. which
was originally consigned to Sacramento,
was changed to Los Angeles, which is
good evidence that the owner first in
tended to go to Sacramento, but prob
ably after stopping here changed his
mind and will locate in or near this city.
Inquiries are being made regarding
rates by the Southern Pacific weekly
flyer that will begin to run on Novem.
Der 1st. All frst-class tickets, incud-
ing overland regular go days) and linn
tied single trip and round trip (excur-
sion), ss we'll aa local tickets of same
class and grade. will be good for passage
"A ~