The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-03-24

AoHtucky street thentCeky street DelHg oV
feet in widthl; thence east at right angles with
| the said line of Kentucky street to the inner
line of the seawall and thoroughfare estsb-
| llshed By act of Legislature March 10, 1873;
| thence southerly along said inner line OF the
thoroughfare to the northerly line OF Fourth
1 street Fourth street being eighty feet in
| width; thence northwesterly along said
northerly line of Fourth street to the westerly
| line of Kentucky street; thence north along
said line of Kentucky street to the point of
beginning, containing twenty-four and one
| quarter t24l4) acres of land, more or ss,whieh
said parcel lies adjacent to two or more public
streets designated upon the official map of the
| city and county of San Francisco, for the term
| OF fifty (50) years from the - day of March,
| 1893, until the = day of March, 1945, at the
| yearly rent sum of $1,000, payable in gold
coin of the United States of America yearly in
| advance on the day of March of each year
| during said term.
| 1t is further agreed that If any rent shall be
due and unpaid, or if default shall be made in
any OF the covenants herein contained, it shall
| be lawful for said party of the first part to re-
| enter said premises and remove all persons
| therefrom, and the said party of the second
part does hereby covenant, promise and agree
pay the said of the first part the said rent
| in the manner hereinbefore specified, and that
| at the expiration of said term the said party of
| the second part will quit and surrender the
said premises in good state and condition as
reasonable use and wear thereof will permit.
All Improvements and structures erected by
said party upon said land herein demised
shall revert to and become the property of the
State of California upon the expiration or ter
mination OF this lease.
The lease shall not be assigned, and is made
subject TO and expressly upon the condition
that said corporation, the party of the second
part, shall proceed within six (6) months
within the date hereof to improve said
/ premises as and for the use for which this land
is demised, to wit: For the terminal purposes
of said railroad, and shall proceed thereafter
with reasonable diligence to construct such
improvements, and in the event of failure to
improve the same or some part thereof within
said six (6) months this lease shall cease and
determine and become absolutely null and
| void
Provided, further, that nothing herein con-
tanned shall be construed to affect the rights of
the people of the State of California OF the
| Board of State Harbor Commissioners from col
| lecting wharfage, dockage and tolls and in the
general rates and charges established by said
board at any seawah, pier, slip or wharf con-
structed in or about said demised premises by
said Board of State Harbor Commissioners.
| Provided further that the said demised
premises shall be used solely for the purposes
of said railroad, the San Francisco and San
Joaquin Valley Railway Company, and for no
other purpose whatever.
And provided further, that should Channel
street be widened at any time and it become
necessary that any portion of the demised
premises described in the lease should be used
therefor, such portion of said premises shall be
hereinafter expressly excepted from the opera
| tions of this lease.
| AT the conclusion of the reading of the
document Governor Budd suggested that
two immediate alterations be made. One
was that the date of the period of the ex-
piration of the lease be changed from 2045
to 1915.
Attorney Preston explained that it was
clerical error.
| II am well satisfied that such is the case"
rejoined the Governor. 81 did not suppose
it was an attempt to get lease for 150
years, although I am discovering bugs in
great many bills at the present time"
Mr.. Spreckels explained that railroading
was new business to him, and he person
ally desired to have nothing but what was
open and above board and what would
bear the light of investigation.
81 understand that fully replied Gov
ernor Budd, ''and do not wish to condemn
the lease. was joking" Then he added
facetiously, "Did you.think 1 considered
Central Pacifc?"
Mr.. Spreckels smilingly reioined that no
one could tell what one would develop into
after they had been. mixed up in railroad
business for time.
The other correction that the Governor
considered necessary was the annulment of
| the word "appurtenances'' in connection
with that clause of the document referring
to the decision of the Board of Harbor
Commissioners to effect the lease of the
land and appurtenances to the company.
"The only visible appurtenances are the
streets, and we don't want to give the ap-
plicant the control of the public thorough
fares" said the Governor.
After a rapid computation of distances
Governor Budd stated that he found that
| the projected improvements instead of de-
tracing from the city's revenues would
give an additional stretch of water front
to the city and increase the amount yearly
collected for wharfage, dockage, etc.
81 have heard a great outcry of late that
the granting of this terminal site meant
steal or grab of the city's water 'front.'" said
Governor Budd. ''Now, don't see any,
thing in this document that indicates any
desire on the part of this new company to
compass any grab of the city's water front.
On the contrary, they do not ask for such
privileges. They increase materially, by
their projected improvements, the present
frontage. How much water front will San
Francisco gain by the operation ?" he con-
cluded, turning to Engineer Holmes.
'Just about 300 feet" answered Holmes.
President Colnon then requested to be
informed as to the probable cost that
would accrue to make the property avail
able for shipping.
"If you mean the cost of building sea-
wall, fully $1,0Oo,O0O," answered Engineer
Holmes, "but the company would be
obliged to erect retaining wall so that
the work OF filling in could be accom-
plished. This would cost SIS, 900, and it is
probable that they could enter into a COM
bination with the State and built a seawall,
and in this way tighten the expense to both
parties"
THAT is subject that must be left to
the Harbor Commissioners, interposed
Governor Rr1dd hot would 10 :, -