New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-10-18
ON THE PACIFIC COAST.
AR EyesOre Removed IA San Fran
ciscO-Grain Broker Scandal.
fBT TELEGRAPH TO THE rn1Brxz.I

lBH TELEGRAPH TO TRIBUNE-I
San Francisco. Oct 16-The sale OF cn>
Mackay Lot. at the east corner OF Market ana
Fourth SITS. 70 a local syndicate marks the be-
ginning OF Improvement OF a block that has been
an eyesore for years The lot is directly oopo-
site the Flood Building but it Is covered with
diIapitated wooden buildings. one OF which L.
given UP TO the lowest variety theatre In
town The names OF the members OF the syndi-
cate are not made public but il is UNDER
stood that the purchase price was S1.1JOOCc.
and that the syndicate will erect a twelys-
story Office building hotel
This week the Merchants Esxchanz. ex-
PEELED the Eppinger Brothers and Bernard
Ettlinger. who were partners in tha recenc
shameful failure OF the Pacific Coast Ware
house Company at Crockett. No reason was
given. but it is admitted that the expulsion
was due TO the dishonest practices OF the firm.
as revealed BY an Investigation OF their meth
DDS Creditors Will realize only a few cent?
or the dollar. as most OF the wheat had been
sold before the warehouse receipts were hy-
pothecated. Many petty swfndIes were regu-
larry committed by employees Of the firm. such
, as loading weights when wheat was sold and
rigging scales TO make light weights when
the firm bought wheat OF farmers Hundreds
OF tons OF wheat. represented on warehouse
receipts on which Eppinger obtained loans
were found 20 be missing. All that remained
were a few hundred sacks OF ruusty. weevn tn
tested grain. not ut for hog feed Even I'M.
worthless grain was stamped several times bv
creditors who had received warning OF the
coming failure.
BY Monday night It IS expected that two
thousand members Of the American Bankers
Association will be here 70 attend the annual
convention Special trains are on the way from,
New-York- Chicago. Ohio. Pennsylvania. New
England. Kansas and Michigan. and delegates
from other cities and States are in special cars
attached to the regular overland trains stops
Will &c made so that the visitors may see an ths
scenic beauties OF the routes over which thew
travel
President Hartman OF the Southern Pacsrc
Company has Withdrawn from sale all OF ths,
railroads timber lands IN California He be-
Heves that the prospective value OF these lands
is too great 70 permit selling them at pres.as
prices Mr. Hartman has also directed that
patents Dc obtained on all unpatenred lands OF
the Central Pacific grant IN Nevada or Ave-
million acres OF railroad lands in Nevada noe
more than half has been patented.
The Southern Pacific Company has made a r.-
Srenchment in its operating expenses this us-k
and within a fortnight IL Is expected TIA. o..
payroll IN California viii be reduced s5loo.l .
month several extra trains have been dropped.
the system OF train agents for coIlectior ,ie,a-.
has been abolished. and many track Iabo-s~.
have been discharged.
As the franchise Of the Geary-st Cahrs p.s,-
road Company expires on November 6. the COM
pany has requested te supervisor 70 grant II M,
privilege OF running the road until a new fran
chtse can be granted This IS the road which tr
was sought recently 70 transfer TO the city and
have run by the municipal government At tie
election last week there was strong majority
against the proposition.
Death removed this week the Rev Samuel D.
Sinonds. a pioneer Methodist preacher who
came here in 40 and visited al the leading
mining camps. He was the first editor OF ~TAs
California Christian Advocate
Colonel Charles z Daley. who for ten years
made his home in a cabin built OF G-iftwood oa
Sea Beach below Cli1 House. died this weex
alone He was the first 20 make a home IN the
little suburban settlement called Carville.
Ocean Boulevard
Josiah Gregg. OF the Oldest settlers OF
Southern California. and first cousin OF Jes-
ferson Davis died at Pomona this week aged
eighry-nine years. Gregg worth nearly
half a million az the outbreak OF the Civil Wa.
but sold his lands and invested in Confederate
bonds
Mother Augustine. who had charge Of al the
seven Roman Catholic converts IN California.
died here this week For thirty-ave years she
had been active IN educational and religious
Herk IN thia state