The herald., 1897-07-11

lIVe were present ana voting lot Seltle-
nlent without foreclosure, against two
lawyers, representing their clients, for
foreclosure and litigation:
THE LOWE SETTLEMENT
A Letter From Committee in Explana-
ton of Situation
Editor Star: The reference made in
the Times this morning to yesterday S
meeting of the bondholders of the Pasa- =
dena and Mount Wilson railway, a the
board Of trade rooms in Pasadena, while
doubtless unintentional, is nevertheless
misleading and unjust to Prof. Lowe
1t was plainly stated at the meeting
that Prof. Lowe had placed in our hands
the whole matter of the Pasadena and
Mount Wilson Railway company for ad-
justment with all it's bondholders and
creditors, and that there was no difficulty
whatever in arranging matters without
litigation if all parties consulted their
best interests and that of the institution
so beneficial to this section of the coun-
try. We also enlarged upon the dis
astrous effects of litigation now made un-
necessary by the action of Prof. Lowe.
1t has been Prof. loves persistent
efforts to have all creditors recognized in
the final settlement that has created
some contention with portion of the
! bondholders composing that part desir-
, ing foreclosure
Prof. Lowe desired us to see that every
bondholder and creditor, in a reorganiza-
ftion, is taken care of before ever receiv-
ing dollar himself from the great in
vestment, valuable time, thought and
labor he has expended in the construc-
tion of this road and it's institutions thus
far completed. Very respectfully,
A. R. METCALFE,
p. M. GREEN,
F. C. BOLT. .-...
Pasadena, Dec. 8, 1885,
At this time the road had only just been
completed, under the greatest of diff
culties and personal sacrifices; not only
myself, but members of my family con-
tributing valuable time and money for
the completion of the work, looking only
for our reward in the success of the un-
dertaking, and our proportion Of the
stock that was left after all other
claims had been paid; this stock eventu-
ally to go to the support of the institu-
tion, which we have always been desirous
OF establishing in these mountains for
the advancement of science (for which
my life's work has so we'll fitted me), as
we'll as to mass together interesting OBJ
jects to be visited by the public. To this
end myself and sons have devoted six
years of our lives in exploring painless
region of our mountains, on which not
even scratch had been made. To pro-
duce the results that are now apparent
to all no one but ourselves can ever
know the amount of labor, anxiety and
sacrifice it required.
The first year was a continual OUTLAY
for surveys, after which the bride roads
necessary to reach the work to be ac-
complished, and to furnish supplies; the
difficult grading and roadbed building
along the great precipitous canyons anG
mountain sides; the building of the nu-
merous bridges and the heavy work Of
spanning the canyon at the foot of the
incline with heavy timbered structures
the opening up of Rubio canyon to popu-
larize the resort at the opening of the
road; the slow, tedious way of convey.
ing supplies by pack animals; the haul
ing in by horse power of heavy construc-
tion material and machinery to the foot
of the incline; the construction of the
incline itself after grading; the tedious
work of hauling by horse power the con-
| struction material up the incline.
All this work, including the building
OF the first hotel at Echo mountain, with
all the men and abundance of money al
hand for the purpose, required two years
of hard labor; this was all done and pai6
/ from r,1 ROT ~ xx-;tt =,
out any floating debt before bond was
issued. This alone should stand as ar
earnest of my faith in this enterprise.
Thoughtful people have asked us how
the heavy machinery reached the sum.
NIT in order to operate the road. Tt
give an idea Of the difficulties to over
come and cost of doing such work, will
briefly explain: First, at the end of thu
eight months grading of the incline
we arranged temporary rollers across
the roadbed; large MANILA ropes were
then packed from the valley on heavy
mules to the summit; these were un
rolled down the side Of the noun tain
one end being fastened to a heavy wind
lass at the summit, the iron work @
which was packed up by framework
built upon two of the largest mules owe
the trails; the lower end of the rope wa
fastened to the first small construction
cable, although weighing over 300
pounds; this was then hauled up by tn
employment of eight horses upon. tn
windlass, and instead of the manila
rope cable this small steel cable took IT.
place on the drum of the wndlass. TIL
construction of the incline now began
and after months of work we were read,
to take in the present great cable, weigh
] ing over six tons; this in turn was haul