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

for a very short WHILE" said Mr.. Preston,
land while l was out they passed those
resolutions. The directors expressed a
general dissent against some of the pro-
visions in the proposed lease and the mat
ter was referred to q special committee to
formulate the objections which the Valley
road has to the instrument The report OF
the committee will be sent to this board in
the shape of a communication expressing
their views on the subject"
'Succinctly, Mr.. Preston, what are the
objections that the Valley road has to this
leaseP" asked Governor Budd.
Definitely the objections are these"
said Attorney Preston. First we object
to constructing a retaining wall, and the
second objection is that the lease is non
assignable."
"Do you remember who inserted that
clause about the retaining WALTZ" asked
the Governor.
Il do not" returned the attorney.
81 think you did, Brother Preston, :"
said Governor Budd. 81 would not be
sure, but if my recollection serves me
right you are the gentleman who threw
that clause into the lease
"Wen," broke in Commissioner Chad
bourne, ''if the Valley road does not want
that clause in the lease 1 for one am in
favor of having it stricken out"
"Pll entertain motion to that effect, F"
SAID President ColnOn.
with all my heart" acquiesced Gov
with the full knowledge of the representa-
tives of the board of directors and not a
dissenting voice was raised against it. |
merely mention this to show that this
board has acted in good faith. We will
let that pass"
The motion of Mr.. Chadbourne was car
ried.
Now" said the Governor, "as far as the
second objection is concerned. does it
strike you, Mr.. Preston, that lease could
not be given unless it was stated in the
body that the lease was not assignable
That was all gone over in Sacramento, and
it was agreed by all parties that that senti-
ment should be incorporated in the lease
before the law was passed giving the
Board of Harbor Commissioners the power
to enter into an agreement of any sort with
the Valley road. That is the law as it
stands now, Mr.. Preston, and l don't see
how you can getaround it."
"The point, as far as the lease is con-
cerned," said Attorney Preston, ''is that
if the Valley Railroad Company should
build south from San Francisco they would
be compelled to meet financial problem
from the start which they might not be
able to solve successfully under the present
terms of the lease. Iu fact itwould be i'm
possible to do So"
what is your proposition ?" asked the
Governor.
81 have no proposition to offer until the
report of the committee is made to the
Board of Harbor Commissioners, said Mr..
Preston.
"When will that report be made ?"
queried the Governor.
II have not the slightest ldea," replied
the attorney of the Valley road, "the mat
ter is entirely out of my hands,"
"Then [ suppose that there lis nothing
left for US but to adjourn" said the Gov
ernor.
"Move we adjourn to the call of the
chair" interposed Chadbourne.
Gentlemen, l have so much business on
my hands, " said the Mayor, that can
not possibly, be with you again before
Wednesday,"
~ am going to Santa Rosa tomorrow"
said Governor Budd, and 1 will be away
until Saturday. will take Sunday off for
a day of rest, and [ will be very busy on
Monday and Tuesday"
Then gentlemen" said President Col
non, I'VE stand adjourned until Wednes-
day morning, unless something should in
tervene to bring US together before that