The San Francisco call., 1899-03-26

dental and LEX House, EnIcn
have Errerso- attra crions Of SIZE ana P2
si-fo- I'd beer commenced or P1aIIeo1-
He sold out for s29gls, Tut palL sca -
money inro 500 acres q laDo a - go
acre. including Hunters FolLlL. = E. Gssco
San Frs nclsco. and then bought ne 80 80
gol5 quartz mine. II ATnaoor 49, 80 :. :: = !,
where he lost s1g7 90 II less tine man a7
had taken II making L
Having been driven back 70 san EraD-
cisco ne opened z brokers' once oeelt =
real estate and gresCcacks aI.4 49,.
lated il Land He planned me oo-tL 80 So
Francisco Homestead AsscciaIaoLl. sl-l~--@
out plans for giving more cc1FS--le1- o.
cess 70 the land south Of lslals 1ohS. p55-
suade6 Henry 7. Williams 70 Dec111S -
head q The new organization, ana se-4
FfE 90 acres a. Hunters Point % = -9E
$50 90 under The condition that 8S HI1D IL
contribute oue-half Of this sum 70 a1o lh7
construction OF wagon roao an 10
-sfIroa6 with bridges across Mission E1d
Tslafs coves thus giving direct roscs ron
the business district O. the CITY . -
eastern parts Of the POtrsrO aod OF ne
point beyond It The bridges had Al az
gregate length Of z nile aE1 QGart-l;
and as the new road was naIo 80
smooth il became z 1aTOrtts or1Ts II g
yerfise5 tfe southern portion q The city
and diverted capital and specUlaI-on II
that direction
Besides getting 81. 600 profit oEt o. rs
Hunters Point investment He1ey hao
added much 70 the value Of his ID acres
which II 1Ss3 he divided up into Iois, ca1--
ID the Haley Tract, and sod II Ior 49,
90. leaving more than S2y9.9oe above u
costs and expenses. M o Nell, T1o nsQ
sore adjacent land. put Il into HsleF
hands and he sold i as the Es1S! q
O'NeH Tract, and also sold The Ha-ey
purchase. COMPRISING forty acres oeIong-
ing 70 John 3. FELTON, M Haley maze
s25 l95e ne- OFT Of The last named Uac1
About his profit On The ore Defore =
have 10 Information
This restless man was persuaoso y
1863 that he could greatly enlarge Ms -cT-
tune by buying and managing silver
-f-z "a
into The new business with CHARACTERISTIC
energT The result was the same as n
MS previous mining ventures hs sPse1--!
lost nearly AL that he had saved II years
0t labor. Again ne returned 70 san Ial-
cisco and Te0peled his once as Z BROKER,
dealing mainly in real estate. II WHICH ne
continued until he was employed = ~
By the Central Pacific Railroad Company.
70 which hs had rendered very important
serY5ceg eight years p1evloEslE -.
The Legislature q California II los
adopted Z Dill providing that 7 the EsoP-e
Of san Francisco consented 81 EpeClS-
election the city should subscribe Sss3'5'5
70 the STOCK OF the Central Pacific aT1
$40 % . thai Of The Western Ssc1-c, -t2s
latter 70 connect san Francisco With 5sc-
TameEtO by way q san jose @IeS a-l1
Stockton + han the tine cane 1oT II
popular Tg-e On ne question o L1@ SID
Eidy rhs business men c1Ty CE-c-S-s a1-1
reTspa pe-s were bitterly hostile . t1s
project. TIE labsrers generally we're VII
Ing 70 vote money t0- anything I1aI
would give enpl OEr1sDt 70 many Dz1.
SrC. therefore. were II 1zEC- o. E41-
s.Gy. bur their feelings had DOr bes1 al
vIsed by speeches OF JoUrTall5t1c soTo-
cacT Cf the railroad scheme 6DG l5STs-
fore many C them did Eo- 1eel Ike gong
. rhe polls The nan who lad been il
trusted with Ihe 3agenent q tas can
IaIED 4oT th@ Central Eacl-lc CiC 1ot N
6erstand such business. and ~ 11.1c1c1oUs
tactics cid more harm than good . tie
cause. At noon i vas known IhaT large
ma 7c-tty Of ali the ballots cast and nearly
al Ire workers al The polls were against
.
scTiptiOl vas certainly defeated
Nr. Haley who vas not then II tie ser
vice q the Central Pacific. heard about
2 O'Clock Of the situation and started out
10 retrieve the day he went 20 George
II HOsSefrOss. foreman 0I AOuume1t21
Engine Company, an experienced ELECTION
worker 20 learn hat ne thought OF the
chances The reply was t1a- the railroad
vas beaten 50 zar but that with good
mana cement and much Z Dor the result
might te changed Fifty good men. whom
he could select. would bring LhOZSa1os 70
he polls, but these men mEst pe p2lc;
Haley had 1880 Il his safe ana asked
whether i would be enough Eosse1-oss
thought i would and ssDt our 70 suDD01
MS helpers, while Haley hurried 10 rs
tre DAY was Won. and z subsidy o. Sl-ltsa,-
90 was saved from defeat EaleyS IL
veStmeut vas returned 70 him and -ae
great value OF MS service was acknoTl-
edged.
though the people had given 3 majority
for -ne zunscriotto-. 1he Supervisors sup
ported by the 1eTsp6 psrs and business
-re1 serlersIIy refused 10 approD-5a-e
money for the stock, bUt after much COR
17oversy offered 70 compromise and pay
500 90 outright, without taking stock
thus avoiding possible TsspoDSl 1l-l-E
Tor debts t1at might oe i1clrrec D
the companies. This proposition vas &C
cepIed and Al order vas made for The
payment But tia Auditor, John {. Nay
nard. refused 70 draw his warrant. for The
reason that the Legislature had author
lied the city 70 buy stock. and not give
away money His course greatly enbzr-
al - -l----
counting confidently OF getting this con
tTibuti0u without delay. had made con-
tracts % the amount q hundreds OF thou
sands OF dollars. and were then oeset By
creditors clamoFing for payment and
threatening lawsuits that would bring dis
Thsn3 into ba5kru1tcy. They applied 10
leading capitalists o. San Francisco. Tev-
is. Ralston- Reese and others. for loans,
and failing 10 get them offered % sell
majority of the shares II the stock % the
Central Pacific. with the control q the
mayed By the rejection Of their proposal:
they could see nothing but trouble before
them Haley heard of the situation and
made al effort 70 relieve them knowing
MAYNARD well. he went % him and plead
ed the cause OF the railroad, spoke OF the
popular demand for an iron track across
the continent. Of the act Of the Legisla-
ture and vote OF the people promising
help. Of the debts }lCurred on reliance IN
consent OF the companies 10 reduce the
amount Of the contribution, Of the obliEa-
ton of the city 10 Keep is contract and OF
the inability OF the Auditor 10 know how
the Supreme Court would decide # this
matter were submitted TO its Judgment
Whether Maynard was convinced BY
Haley's argument or By his own refec-
lions provoked in the course Of this con-
versatiou IS unknown. bat al its close he
said that he had changed his mind. and
Haley sent word % Stanford. then n Sac
ramento. 70 come 10 San Francisco and
set his warrant Mr.. Stanford did not
let the grass grow under his feet after
receiving that n1esssg gs until he had the
important paper in his pocket. One OF
the San Francisco capitalists. having per
haps heard Of Mr. MaynaTd's change Of
position. called on MI Stanford while in
the city and said he and some associates
had decided to take the majority Of the
Central Pacific at the price mentioned
Stanford replied: It's too late; were out
OF the woods" The other. who had made
few mistakes in bargains. said that his
refusal 70 accept Stanfor6'S ofTer when
first made was "the mistake OF his lffe'f
In 1872 when the Central Pacific Com
panv moved its main offices to San Fran
cisco. Mr.. Haley was employed as
broker 10 buy the lots needed for ter
Tninal grounds. station and Offices ard
when his purchases had amounted TO
So eco 900 he presented his biil for SCI. .oaa. :.
commission Of ! per cent. a charge that