The morning call., 1895-01-24
NOW ON FIRM GROUND
Men Of Capital Will Aid the
Valley Road.
STRONG COMMITTEE NAMED.
Plan Of Action to Be Formulated
This Morning.
CLAUS SPRECKELS is INTERESTED.
This Fact Gives Confidence to Many
That the Road Is Now Praeti.
eally Assured.

When the meeting of the real estate
owners, in conjunction with the members
of the executive committee of the Traffic
Association, adjourned on Tuesday after
noon, there were a few friends of the road
who went away with respondent feeling.
The meeting had been widely advertised as
the final effort to secure the necessary
funds for Incorporating the valley road
proposition and because the amount was
not forthcoming at once, these gentlemen
of mercurial temperament were long of
face and temporarily devoid of speech
The bright skies of yesterday may have
had some effect upon this class or care
full review of the situation may have caused
them to change their opinion. At any
rate, there was a more noticeably hopeful
not to say sanguine feeling among the val
ley roads friends yesterday than has been
apparent since the project was first formu-
lated.
The financial results of the meeting re-
ferred to were not of that substantial ma
ture anticipated, and this was the fact
which gave the element spoken of the
most con Germ. But there was another re-
suit secured far more important than the
amount of money subscribed, and that was
the combining of an interest in the project
under discussion in the minds of men of
substantial means who hitherto have given
the subject no attention whatever. While
these gentlemen did not hasten to sub
scribe definite amounts in aid of the road,
their remarks indicated that it was not be-
cause they were unwilling to assist that
they hesitated, but because they desired to
consider the proposition in all its phases
before they assumed an active attitude.
One thing which probably causes a more
hopeful feeling for the future in the minds
of many is the manifest interest which
Claus Spreckels has taken in the project.
Hitherto, this gentleman has remained in
the background comparatively, but at Tues
days meeting he unostentatiously came
forward with a proposition to invest $780,
900 in the road. 1t is true that Mr.. Spreck-
els made this offer conditionally, but the
fact that he made it in any manner is gen.
orally accepted as an indication that he
will in the future be found in the ranks of
the roads adherents.
President Upham of the Traffic Associa-
ton is one of those persons who is delighted
with Mr.. Spreckels' announced friendli-
ness. eff Mr.. Spreckels undertakes the
matter" said he yesterday, 'there can no
longer be any question as to the building
of the road. His participation gives the
whole question an impetus forward which
that of no other man in San Francisco,
probably, could have done"
When Hon. E. B. Pond, chairman of
Tuesdays meeting, got down to his Office
yesterday morning he had already deter
mined upon the names of the gentleman
whom he had determined to place upon
the important committee of twelve, which
the body mentioned had concluded to
appoint to press the work of securing sub
scriptions. The names and addresses of
these gentlemen are as follows:
Claus spreckels, 327 Market street.
Alexander Boyd, Thurlow block.
James D. Phelan, Phelan building.
James L. Flood, Nevada block.
o. D. Baldwin, American Bank and Trust
Company.
Daniel Meyer, 214 Pine street.
W. F. Whittier, 214 Pine street.
Albert Miller, San Francisco Savings Union.
Charles Holbrook, Holbrook, Merrill & Stet-
son.
Thomas Magee, Union Trust building.
John I. Doyle, 916 Market street, room SO.
E. F. Preston, Croker building.
This committee will meet in the office of
Mr.. Spreckels this morning, at IL o'clock,
to perfect its organization.
'That committee is a strong one-a very
strong one," said Mr.. Upham, as he care
fully read over the list.
''Why, just look at the names and the
property interests they represent. They
need not go out of the room in which they