The herald., 1897-01-17

saying. however. that we have finally
or definitely settled to make Point Rich
mond our terminus. We shall first have
to secure the data which surveyors are
now obtaining"
Mr.. Watt said that discretion demand
ed a profound secrecy in some matters
pertaining to railroad construction, and
he expressed his conviction that pre-
mature acknowledgement from him that
Point Richmond had been selected for the
terminus would cause an imitation in real
estate values in that vicinity that would
sorely preplex the company.
Il might be pardoned, therefore" he
said. "for refusing to admit just what To-
cality has been selected, If any, though
I have no hesitancy in saying that we
have become impressed with the ad-
vantages OF Richmond Point.
I'VE have already a survey from
tSockton to Alameda. 1t is the Kenne-
dy survey, made for the proposed Salt
Lake road. This route approaches Oak
land throuhg the hills back of San Lean
dro."
A BOND ISSUE
SAN FRANCISCO, Jan, 16.-An issue
of $500,000 in bonds has been authorized
by the stockholders of the San Francis
W hAN PdI oostiuln SOdl COiIlpdfly. ln6y
VIII bear interst at the rate of 6 per cent
payable semi-annually in gold and will
constitute first lien ON the property of
the corporation at Corral Hollow and
Stockton and be further secured by the
property of the Alameda and San Joa-
qufn Railroad company, whose road, ex-
tends from the mines to Stockton, in
which city it owns valuable water front
lots. The deed of trust provides that
there shall be sinking fund and that
the coal company shall pay to the trus-
tees, the California Safe Deposit and
Trust company, of this city, 5 cents a
ton on each ton of coal mined the pro-
eeeds of which shall go into this fund.
From this source alone it is said the en-
tire Indebtedness will be paid within
the twenty years that the bonds are to
run. The output of the mines is expect
ed to be 1000 tons a day and the con-
sumption in the Sacramento and San
Joaquin valleys is estimated at 1000 tons
daily.
The money from the bonds is to be used
in paying off current Indebtedness and
further equipping the property. Con-
siderable of the bonds have already been
subscribed for by stockholders and others
interested in the coal and railroad COM
panieS.
DIDN'T CELEBRATE
SAN FRANCISCO, Jan. 16-There
was quite an eXhodus of railroad officials
from the city today. H. E. Hunting
ton and Vive-President Stubbs of the
Southern Pacific company, left on the
Oregon express to inspect the line be-
| tween here and Portland and Vive-
President c. r. Crocker, accompanied
by Manager ]. A. Fillmore, departed for
Arizona on jaunt for the benefit of their
health. Crocker and Fillmore have both
| been i'll of late and they will endeavor to
recuperate in the warm, dry atmos-
phere of the Salt River valley.
| The other officials above named say
| there is nothing significant about their
| trip north. Huntington has not been
over the Shasta route for two years, and
| is desirouS of inspecting the condition
of the road. General Manager Krutt-
schnitt was to have been a member of
the party, but wa staken suddenly ill
with the grippe and ha dto forego the
| journey.
SURVEYORS AT WORK
WALNUT CREEK, Cal. Jan. 16-Sur-
| veyor Williams with dozen men is now
between here and Bryant on the Mar
row Gauge road. The party is coming
this way toward the Stockton main line.
AS they started surveying from the
Narrow Gauge station it indicates that
the Valley people intend to enter Oak
land over the Narrow Gauge line.
RIVER NAVIGATION
| SACRAMENTO, Jan. 16.-The assem-
bly, committee ON public works met to-
day and decided to recommend an ap-
preparation of 100000 for dredging the
| Sacramento river to extend its Iiaviga-
BILE waters.
RAILROAD NOTES
ST. LOUIS, Jan. 16.-On Spplication of
| the trustees and purchasers at the fore
| closure sale, an order was entered here
| today by United States Circuit Judge
| Sanborn affirming the sale of the prop
critics of the st. Joe and Grand Island
| railroad, which was made on Dec. 23d.
| The purchaser is required to complete
| his bid an dis authorized to take the
property from the possession of the re-
| ceivers on March 1st.
ST LOUIS, Jan. 16-St. Louis lines
| announce rate on grain from East ST.
Louis to Newport News of 14h cents.
This is a reduction of 5h cents.
OTTAWA, Ont. Jan. 16.-Today's
| Official Gazette gives notice that an ap-
plication will be made next session for
| an act to incorporate a British Pacific
| railroad company from Victoria, B. c.,
| to Winnipeg, via Butte inlet, Cariboo,
Edmonton and Prince Albert, with a
branch line to port on Hunson bay.
WASHINGTON, Jan. 16.-Represent-
| ative Sherman of New York today in
|
road tickets in the form of an amend
ment to the interstate commerce act
| The bill provides to compel common car
riers to provide all agents authorized
to sell tickets with certificates of their
! authority, which must be conspicuously
| displayed in their offices. IT makes it
unlawful for other parties to sell or
transfer tickets or passes under heavy
penalties, and fixes penalties, also fine
and Imprisonment for counterfeitng
tickets, and provides that all unused
parts of tickets must be redeemed by the
corhTl.anies by which they are issued.
| Mrs. ORooney," said Rev. Father Nc
Murphy, "why do I never see Patrick at
| church now?"
Mrs. O Rooney shook her head sadly.
| rs it anarchisin?
"Wnrse than thot, your riverence."
| 'Is it atheism?"
| "Warse, your riverence."
| What is 1t then?"
| rheumatism" Pttsburg Chronicle
Dispatch.