New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-02
TOPICS IN CALIFORNIA.
REvIvING BUSINESS on PACIFIC COAST
president OF STATE CNlNER'
SI1Y-REDUCED COST OF
Ell E('TRICITY
ELECTRICITY.
InY TELEGRAPH TO TIRE rRrRrNE1


San Francisco April This has been duiI
week for news. but the reaction from the de-
nr.ssion caused by the long drouth has had
decided influence OF all fines of trade. and has
awakened n strong interest in city and country
real estate The purchase by the Santa Fe Com
pany Of terminal facilities at Spear and Har-
rjson SITS assures the speedy development OF
the neglected part OF the waterfront. ana mas
stimulated demand for all the property IN
that neighborhood. There have been some large
sales Of Mission-st. property recently NJ H.
De Young buying lots at Mission and Spear SIS.
FOR SOL 900. and the Sloss family purchasing
a corner at Mission and Fremont SITS Inc
prospect Of greatly increased trade Win the
Orient is having it's legitimate effect, ana cap
italists are now eagerly looking for good ousi-
ness property which they would not touch
year ago.
Many relatives Of men In the lst California
Volunteers are greatly exercised over 'ne la0'
that the soldiers are kept in the Philippines De-
yond the time that they say the men enlisted
for A meeting was held this week. ana there
was an exciting time caused by the diversity OF
opinion among those present. a large numoer
apparently were opposed to the war in the
Philippines ard regarded II outrage that
the regiment should not he mustered out. This
IS singular as a vote of the regiment. judging
from letters received from Manila. would ne
practically unanimous in favor Of remaining un-
Ill the trouble is ended. Certainly the can
forrians have shown courage and other goou
soderly qualities in their stay at Manila Ihis
agitation over their return is similar to loud
complaints made 10y friends Of the 'th Cahiorha
Regiment last year. when other troops had
preference in being forwarded 10 Manila Men
Of that regiment We're eager for service. but the
achi pCt hN N Ill
diciors friends was that the regiment was mus
tered out without seeing any hghting. and since
then the members have heen subjected TO the
rerroach that they We're carpet soldiers" who
had no stomach for real service.
The question Of a president for the State Uni
versity Is a burning one Just now, and there is
4 lively canvass among the Regents FOR man
Ct the scholarship and executive ability to fill
tie place worthily. This weeh Professor Benia-
min Ide Wheeler Of the chair Of Greek in Cor
relI University. has cooked over the ground. He
was the guest n eX-Judre Slack. a prominent
Regent of thu University. and he made favor
able impression on all who met him. He was
greatly pleased with san Francisco and its cos
morolitanism.
The transfer Of Mrs Stanfcrd's holdings Of
Central Pacific Railway stock caused much com
rrent here when tho news leaked out this week.
but the change has little significance The stock
has not paid good dividends lately, and it has
been known that Mrs. Stanford anxious 10
go out of the company and put the value Of the
shares into some investment that would bring in
a larger revenue. All her interest is centred
in Stanford University. and she is laborng to
get the largest income possible from the Stan
ford estate in order to enlarge the accommoda-
tons for the students and provide for the wants
~ no
soon be begun on the memorial arch Of yellow
San lose sandstone. forty -four feet across and
forty-seven feet TO the crown while the build
ing Of which il forms part will be eighty-siX
feet high and eighty seven feet wide The feat
ure Of the arch will be the great frieze sur
rounding 1t. with figures by st. Gaudens repre-
sentng allegorcally the progress Of civilization
in America. 1t is expected that the freze will
be the finest bit of outdoor decoration in the
country.
The rev appraisement Of the Sutro estate
made this week. puts the total value at -. 100
COO. The Cliff House and grounds are valued at
$4,000 and the Sutro baths at S20OoO0.
The Bostonians have done large second
weeks business at the Columbia with Rob
Roy" The Italian opera season seems to have
aroused fresh interest in English opera and'the
sale Of seats for The Serenade" and Robin
Hood" is unusually large
Charles Imrie Highet. recently instructor in
golf at the Burlingame club, died here this week
Of apoplexy He came of good Scotch family.
but arrived here with small means. and did not
present letters Of Introduction. which he car
yied Te accepted the place Of instructor in
golf and he crack player but Illness
forced him give II up. He would have re-
ceived $1,000 his share Of the family estate
next May.
The invasion If the field ~ electric light and
rnver 10y the sugar millionaire. Claus Spreckes,
q ne his SONS. which was announced this week..
by the organization of a big new company with
$4,000 900 CO pita means the end or high rates
for manufacturers and householders The pres
an, com oany has had monopoly for several
years ana as is the nature OF monopOlies. il has
chlrzed P high rate The new company pro
noses IN reduce these charges one-harf II also
nrcroses to nut all wires under ground, thus re-
rool,ing great blot the appearance of the
citv streets The work will be pushed. and in
eix months the new company expects 10 have
its plant in operation
Plans are being prepared for hne new the
a,re which will probably be erected In Geary
81 between Powell and Stockton SITS, and op-
nos,te Union Square. by Charles j. Behlow.
treasurer Of II. Liebes & Co.
All investment stocks and bonds held
frrol, and several have advanced in the week,
no,ablv Hawaiian Commercial. which has risen
from So 10 81 Paauhua Plantation. which paid
this week it's first 30-cent dividend, closed at 80
Snr,,g Valley Water closed AT 1929. Giant
powder at 81 Market Street Railway at 81 and