The morning call., 1895-01-30

bright-extremely so, in fact. have
been surprised and delighted at the una
nimity of feeling which prevails here.
0. d. Baldwin, have been on record for
| i've years as to my opinion in this matter.
/ 1t is a go, sure.
| Charles Holbrook-The whole matter
now depends upon the success with which
we meet when we go to the business men.
am quite pleased with the work done to-
day. If everything goes as expect there
will be no trouble about the bonds, as the
people will be glad to take them. Our
chairman is a host in himself. 1 believe
this is the commencement of the upbuild-
| ing of the business interests of the State.
! The trouble heretofore has been that there
was a marked absence of concerted action
when anything was undertaken.
| The feeling which actuated all those
| present at yesterdays meeting was well
| illustrated in a remark made by Andrew
! McCreary to the chairman just before the
| committee dispersed.
''Mr. Spreckels, said he, eff you haven't
raised enough after you have made the
rounds, come to me and I'll take more
Stock
An effort made yesterday to secure ex-
preston of opinion from some of the lead
ing railroad men of the city was fairly sue
| cessful
H. E. Huntington, assistant to the presi-
dent of the Southern Pacific, said he
thought the road would have one good eff
feet, and that would be to divide the ex-
listing prejudices. He does not think that
any marked development will follow after
the construction OF the road in communi-
ties which already possess transportation
facilities, but that this effect would natur-
ally be produced in localities now remote
from the railroad.
There is no desire on my part to antag-
onize the new road in its efforts to secure
n lc or oil r0T, 1JroT1 re
said he. "If we have anything they want
and for which we have no use we will
willingly dispose of it.
'In the construction of new lines of rail
road, he continued, "there are naturally
great many people who meet with disap-
pointment from the fact that they antici-
pate too much. a new road, for instance,
when finished in the minds of its pro-
jectors is in reality only half completed.
A constant expense follows for some years
| in expenditures required in the upbu1lding
OF the road physically.
$50 far as [ am individually concerned /
entertain not the slightest degree of an
tagonism toward the road. I believe, in
fact, that it will eventually be benefit to
this company. 1t will at least have the
effect of opening the eyes of some men in
California as to the cost of building and
equipping a railroad and operating it after
wards"
1ue OIlCldlS OF Lne DOndnue ROAD were
not open to an interview on the engrossing
topic of the day, but w. F. Russell, gem
eral freight agent of the North Pacific
Coast road, volunteered the opinion that
the new road ought to be a mighty good
investment.
"Just take map" said he, "and look
over the thousands and thousands of acres
OF land which at present are not utilized.
The line would open up that country and
give men OF small means, as we'll as those
with large, an opportunity to make some
money. 1t doesn't necessarily follow that
this line should be antagonistic to the
Southern Pacific. 1t will open up new
country now almost useless and develop
greater volume of trade"
President Isaac P. Upham of the Traffic
Association, the organization in which the
valley road was formed, was proud and
happy man yesterday. He believes that
many of those who subscribed to the road
will double their subscriptions, and that
the timorous will forget their timidity and
flock to the support of the project He
holds that those who agreed to take hand
in the building of the road proposed at
first have as much or more reason to be in
terested in the road now proposed.
1.-THE financial difference between the
two plans" he said, consists in the
amount OF money necessary, to be sub
scribed to find subscribers. We, of course,
never proposed to build railroad for
$3.50, 900. We found it advisable before the
cooperation of the large estates was Sc
cured to make subscriptions binding as
soon as $3.50, 900 had been pledged. The new
plan raises the limit to 81, 100000.
"As far as the trustees who were named
under our plan to control the operation of
the road for ten years are concerned, |
know that they had personally no desire to
serve except as a public necessity. 1t is
very natural and all right that those who
put up the money for the enterprise should
desire to control it. The attitude of the
Traffic Association is one of cooperation.
What we all wanted was the competing
road, and it seems to me that we are in a
very fair way to get it.
Sigmund Greenebaum, president of the
London, Paris and American Bank, is
among those who make no secret of their
interest in the new undertaking. ut will
benefit every one of us" be said. sit will
benefit every banker and business man,
every property-owner farmer, mechanic
and laborer in California. Business has
been dull for years, and the very dis
cussion of this new road frightened it up
Everybody is talking about it, and every
business man notices better feeling in
this community.
"Ever since this matter came to head |
and the people knew that something def
mite was going to lie done the inquiry for |
real estate improved The banks go hand |
in hand with the mercantile community,
and what benefits one must benefit the |
other.
at seems to me-" added the banker, re-
fectively, ''that the thing had not been |
properly handled. The committee went |
first to the merchants, and the merchants
had little money. 1t is easier for Mr.. |
Spreckels to give 100000 than for the av-
erage merchant to give $500; but when the |
committee struck the corporations they |
were on the right trail. l have noticed a |
better feeling since these people took
hold"
The president of the Bank of California, |
William Alvord, CURLY declined to express
his views on the new road, but intimated |
that his cashier, Mr.. Brown, might not be