The morning call., 1895-02-03


Arthur Page. OBSERVATION-DISCLOSURES. 1000
Rienzi Hughes. 1000
p. a. Bergerot.. ACKNOWLEDGEMENTS. 1000
Jerome Lincoln. Observation-Disclosures. 1000
C. D. Salfield. ......................... 1000
Total for the halliday. 4950O
Previously acknowledged. 1 ,541, 900
Grand total. $50, 500
There are a number of large subscrip-
tons held in allegiance which it is believed
will be forthcoming the first of the week.
Yesterday the following letter was mailed
to the principals of the various banks in
this city:
SAN FRANCISCO, Cal, Feb. 2, 1895.
Dear Sir: AS residents and business men in
the city and county of San Francisco it cannot
be necessary to detail to you the inception or
status OF the present movement of citizens to
construct a railroad from tidewater in San
Francisco to the extremity of the great San
Joaquin Valley. The urgent business necessity
for such construction is, we think, apparent to
every one. Under present conditions the con-
vergence of all lines of the Sunset system at
Tehachapi Pass and points to the south, with
connection between ship and car on the shores
OF the Gulf of Mexico, means the diversion
from this place of the entire exports of the State
OF California.
With very low transcontinental rates given
to various points called terminals in the in
terror, with high local rate from San Fran
cisco, the seaboard, to such point, it is obvious
that the supplies for the interior must reach it
via New Orleans and the Tehachapi, so that
San Francisco need not concern herself with
either the exports or the imports of the State of
California.
This condition appeals TO every business
!, Il. i
county of San Francisco, and as sef-preserva-
ton is the first law of nature, it becomes our
primal duty, so far as lies in our power, to
avoid condition so disastrous to our city.
Cheap transportation from the great interior
valley of the San Joaquin to tidewater on the
bay of San Francisco, so that the products of
the State may reach the ocean highway under
q moderate freight toll, and cheap transporta-
ton from San Francisco to the interior so that
the products brought here by the ocean may be
distributed subject to like moderate toll, are
the conditions which are vitality necessary to
the future commercial prosperity of this city,
and as the banking institutions of city hold
their fingers at the very pulse, We ask you to
join with US and assist the State in obtaining
relief which will be so beneficial to US all.
VIII you place this communication before
your board of directors and inform us what
they will do at as early date as possible2
we are VIII very MUCH respect,
E F. PRESTON, Secretary.
Right in line with the valley road pro-
position comes a voice from Santa Clara
County-in fact the sound of many voices
which have taken up the cry for railroad
extension by and in the interests of the
people of the State.
Charles NJ. Wooster, well-known resi-
dent of San Jose, voiced the sentiment of
his people upon this question yesterday
and in addition he recapitulated the events
in a similar undertaking which four years
ago was started in the Santa Clara Valley.
The events referred to have strong
bearing upon the project now in the minds
of SO many people because it gives an in
sight into the plans of gentlemen who
were among the best known in the railroad
world and shows with what great degree of
favor they looked upon the possibilities of
future, and as yet, practically undeveloped
traffic in this State. 1t tells of the secret
investigation of a trusted agent of Boston
capitalists into the resources of the Santa
Clara Valley, of his appreciation thereof
ana how the already matured plans for the
construction of a road-transcontinental in
its scope-into this city were summarily
cut short by the accidental death of the
thief figure in the movement.
sin common with many other persons l
have lately been strongly impressed by the
commemorate position of THE CALL on the
valley road project, said he, recognizing,
as everybody must, the Importance of
competing road, built without the incubus
of watered stock, so that the transporta-
ton of products and merchandise at rea-
sonable rates will not be prevented by the
extortionate exactions of interest bearing
promises to pay.
~ desire to give you few pregnant facts
which will be found of interest at this
time. and which relate to a proposition
similar to that which your people now
have under consideration, and which may
be the means of affording them some valu-
able information. These facts go to show
that our undeveloped resources have been
inyoiced and estimated at their proper
value by Eastern capitalists before our own
people have shown any indication that
they appreciate them.
sIn the summer of 1890, while the Demo |
cratic State convention was being held IN
San Jose, there appeared in our midst |
small, unassuming gentleman whose de-
meanor gave no indication of the weighty
proposition which he was at the time
rounding into tangible shape. dis name
vas Henry D. Minot and he was the con-