The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-05-09

may result in a conference meeting be-
tween the directors and the board, and il
the changes asked for are not granted we
shall decline the lease.
"If they want to keep the Valley road
out of San Francisco they are going the
right way about it. We are not so anx-
ious to build into San Francisco. The only
thing settled about the Valley road is that
it will be built from Stockton to Bakers.
field to give competition to producers OF
the valley. =,
about 50, SOC, 900 is subscribed. 1t will
take from eight to ten millions to build
and equip the road as fully planned that
is to reach San Francisco and the Santa
Clara Valley. Now where is the money to
come from?
mot from Mayor Sutro.
"Mayor Sutro would have provision in
the lease prohibiting US from bonding the
line, since such proceedings would forfeit
the lease of China Basin. But he would
not come to the rescue with money needed
later on to extend the line through Cali
fornia.'
Director Leon Sloss, who is a member OF
the committee appointed to communicate
with the Harbor Commission regarding
the rejection of the China Basin lease, de-
clared that the Objectionable clauses were
interjected by Mayor Sutro and Governor
Budd.
LAS the lease comes to us it is absolutely
worthless" he said, because it would pre-
vent the Valley Road Company from bond
ing the road. 1t hampered us on every
side, and, of course, as a business PROPOSE
ton we could do nothing but refuse to &C
"As for Governor Budd, believe he
acted in good faith all through. He sim
ply took every precautlon he could think
of to so surround the lease with safeguards
against the possibility of the road going
into other hands that the Southern Pacific
or any other corporation could never get
hold of the line or China Basin. His ac-
ton at the meetings of the Harbor Com
missioners showed that he watched the in
tereSt of the State on every occasion. But
there might be little gallery play-I don't
know, however.
II don't know what Mayor Sutro wanted,
with all his motions and amendments.
Gallery play, | suppose.
81 understand that the Governor stated
this morning that he believed the directors
didn't want China Basin. We want China
Basin right enough and are only too
anxious to get it, provided the terms of the
lease are such as will permit us to issue
bonds if the company SO desires.
1.-The committee appointed to commu-
nicate with the Harbor Commissioners
will meet in the morning in Mr.. Pres ton s
Oll4CC anu dldM u y d 4SGiCA W NC oCh1 W
the commission. l cannot say now what
will be done eventually, but feel that we
shall not take China Basin until the lease is
amended SO as to give US some power TO
manage the railroad"
Director Isaac Upham said that the CALL
had presented correctly all he had stated
or wished to state upon the lease question.
Said he:
''All l know about the matter is through
Mr.. Preston, the attorney. He tells me
everything that takes place, and kept me
informed upon the meetings of the Har-
Dor Commissioners at which the lease was
considered. Forming my conclusions on
that information, believe that the Gov
ernor and Mayor are responsible for all the
trouble. The Commissioners, as said be-
fore, acted very courteously and appar-
emily with consideration for the Valley
Railroad.
Either the Governor or the Mayor will
have to clean his skirts of the matter be-
fore we can believe that they care to give
the Valley road terminus in San Fran
cisco, or want the line to come into this
City,"