The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1895-01-31
other man in the civ who would go into

other man in the city who would go into
an enterprise as Mr.. Spreckels has gone
into this, and I would like to have him
know how feel about it."
81 know that we need competing rail-
road" said ]. B. Stetson. "It will give us
new life, and with its construction a new
business era will open.
"While the road is being constructed it
money subscribed will be expended right
here. The lumber, the ties and the labor
will be bought in California. Here we are
confronted by the fact that great number
of people are out of employment. What can
we do with them? The new railroad
answers the question. 1t will give them
work. 1t Will employ $4,000 men who
delve with pick and shovel. That ought
to commend it to the philanthropic.
''That it will go through I am certain
We are bound to go ahead. No one of
those interested has any selfish object in
view. take hold with no vindictive feel
ing, with no desire of Furnishing the other
road, but because it is good business
proposition-good for me and good for my
neighbors. 1t means better facilities, bet
ter cars and cheaper fares, and what ac-
commodations and rates it gives to the
public the Southern Pacific must give.
Cali railroads that have been built in
twenty-five years have been built on
bonds. A small amount has been ad-
vanced by the promoter, and the rest has
been obtained by the sale of bonds Now,
California likes innovations, and the new
road Will be one. 1t will not be built for
bondhGlders. It's profits will go to itself,
and there will be no Intermediary. If we
can start and build with the stockholders,
we win be marvel in this age of the
world.:'
Among the men who have labored with
out ceasing for the new road is Thomas
Magee, the well-known real estate agent.
Surveying the list of subscribers yesterday,
he said: "This means that we are going to
be able to meet the sharp competitor of
Chicago.
eve have really, paradoxical as it may
appear, engaged in the construction of a
sea railroad, considering that the track is
to be laid on land. The chief advantage of
the road will be that it will con-
meet the interior and the sea I'M
der independent conditions favorable
to the develo pment of city and
country alike. Here are some of the pos
sibilitjes: Chicago cannot lay down freight
cheaper in this State than we will be able
to bring it from the Atlantic seaboard by
the ocean route. We will at last be on an
even footing with our Eastern competitors.
We have always had the sea at
our doors, but we have never reaped
the fall advantages of our geographical
position. The competing railroad will
change all this. The ocean will be used as
much as possible in connection with the rail-
road from San Francisco to the interior,
facilitating the movement of freight in both
directions and thereby increasing CON-
mercs and trade under the most favorable
condj lions that we can desire.
81 so not favor any booming of land
values or any undue excitement" said Mr..
Magea. 81 hope there will be nothing of
the kind, for the result would be very bad.
The construction and operation of the
road will have an exceedingly good effect
1t will enable us to get back the values we
have lost. AT the same time let me saw
that at this time every one must do his
duty Or this enterprise will 60 to the wall.
We a,e ourselves to blame for the past be-
cause we did nothing.
"Nn person is entitled to prosperity who
does hot reach out for it and do something
for Himself. He will not find prosperity