The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-04-02

nipped the financial end of the project
has again come to the front and its pro
motors say that this time it is bound to gs
through.
tits the. company known as the Sar
Francisco and West Shore Railroad, which
lis referred to, and it is to be reorganized
under the name of the West Shore and
l. Valley Railroad. .*.
The proposition to build this line had as.
sumed very favorable phase up to about
year ago. All the necessary arrange
ments had been made to float the bonds in
the East prominent bankers in that Sec
ton having agreed to take the entire
amount. But then came the financial de-
preston of last summer and these bankers
found it necessary to request that they be
relieved Of their obligations. =.
Work had been commenced on the line
at Halfmoon Bay, where a good deal of
grading has been done. There have also
been purchased large numbered ties and
other materials which win be turned over
to.the new corporation.
General Thomas Ewing, one of New
York IS most prominent attorneys, made
this city visit about year ago, the pur-
pose OF which was to ascertain the feasibility
OF the proposed route. That he was pleased
with. its prospects is certain, because the
gentlemen whom he represented agreed to
fulfill their part of the contract--that of
supplying the necessary means--as soon as
he returned East and made his report. !:
F. Although these.nego tiations fell through,
the proposition has: not been. allowed. to
! entirely: die out by those who have it in
| charge in this city. c.. NJ. Sanger, the
president of the company: has just re.
turned from the East, having been in New
+ ork for the past three months, The re
suits of his visit were of a: quite satisfactory
nature, and by the 10th of April it. is .ex-
I pected that two prominent gentlemen from
that section will arrive. in this city and
take part in the proposed reor ganization.
L. 1t was the intention of the old company
to stop at Halfmoon Bay, although it was
expected that the Line would be extended
/ further in time. The proposition: now is
to run the road through to Tulare, by way
Of Santa Cruz, and q complete survey OF
the line has been made, and all the 1leces-
sary right-ef-way promised. In, Santa
Cruz, 1t IS said, assurances have been given
| thatsa franchise will be at the disposal Of
the company which will give; it. an en-
trance into the city, and in this: city: the
new company will acquire the grant made
to the San Francisco and West Shore. line
by the Board of Supervisors on November
"A, 1892, by which it is allowed to utilize
certain streets, alleys, etc, in gaining ac-
cess to the business portion. This: grant
specifies infinitely the property to be util-
lied, and a copy of it's at the company s
office in the Crocker building. The grant
is for period of fifty years. . E:
The depot for passengers will be- al
Twenry-fourth street and Potrero avenue
and the freight depot will be at some point
on the bay near the Spreckels refinery OF
/ the Union Iron Works. " .:. :: !.
1t is expected that the reorganization
will have been perfected inside OF thirty
days, and that work will be commenced on
the line in short time after. =