The Imperial press., 1904-10-29
THE RAILROAD MEETING
Coustudedi

tue San niCgu Eastern railroad, had ny urrd that the 2iO miles between San Diego and Yuma could bc built for t5, Op1. .uI1. allowing tJOO.0OO for right ul way. which would hardly bo necessary for a railroad owned by the people them selves. Public opinion would bc ted strong against anyone holding ont for rxorhitant sums, and the entire right uf way could probably be secured for nothing Mir. flaw good has figured that with the crops in the Imperial Valley two years ago. exclusive oi mail con tracts. express privileges and trans con lincntal freight, tI,OOU a year profit Der mile could bc realized.
 One ui the most prominent lumber companies uf the Pacific coast. to whom the proposition had been submitted, had offered to furnish all the lumber needed for the ruad-ties. depot material, etc, and take their pay in bonds.
 tl everything went as had been plan ne,l, work would be commenced at this end within 6O days and at the san Diego end within go days.
 The claims for money must undergo the inspection of an auditing committee, two oi whom should be chosen by the buudhulders oi the imperiel Valley and two from San Diego.
 One of the largest railroads of the country, with it's present terminus at Fl Paso, had promised to meet the San Diego, Imperial Valley X Eastern at Yuma the day the road was open.
 Mir. Elliott here ex xplained the interest Folsom Bros. Company had in the un- dertaking. They owned g., 900 .0O0 worth of real estate in San Diego and vicinity At present that section was l2o miles out of the way as summer resort, and building a new railroad would open that ciiy's privileges to the people of the m p.rial Valley, Arizona aud New Mexico, in addition to the other advantages the city would gain. This would double the value of their property, lots now selling at $l25 would b,, worth f2jO. Farm lands in the Imperial Valley would no doubt advance 75 per cent in value the day the railroad was opened and within 10 days the freight rates on the Southern Pacific would be lowered. In this one item alone the farmers of the Imperial Valley would get their money back spent tor new road.
 IL was proposed to make pooling ar engagement for 2O years on the stock thus preventing its going into the hands oi any hostile interests.
 An office was to be opened in Inn per ial and at present subscriptions might be signed at the First National Bank. Mir. Elliott read letter from F. C Paulin. general manager of the Imperial Land Company, giving it his enthusias tic support and personal subscription o sI 900. Mir. Panlin will endeavor to se' cure subscription of $25. 900 from the various corporations doing business iu the valley, in which he is largely inter ested.
 Mr. Ciowe, also of Folsom Bros. Com pany, was introduced and called for sub scriptions, which were heartily given Following is the list:
 <. J. Ulrey. 800; w. A. Van Horn s2OO; G. A. Carter, t5OO Matthew Green slOO; F. s. Strain, $lOO; T. F. Banta $5OO; W. II. Hartshorn, 800; Fred Full Ter, tlOO; W. F.. Wilsie, 500; F. N ! Chaplin, $jOO; F.. Aiken, $500; F.. NJ . COe, $2OO; l.. l.. FaTnsworth. tl0O; John W. Chappell, slOO; Y. K. Brooks, $l00 l.. E. Shapard. goo; F.. K. Carrier flOO F. C. Paulim, q ,OOO; J. D. Huston. $200 J. EIeatley, 500; F. J. Austin, $lOO; II : II. Peterson, 500; l.. NJ. Dorrity, $l0O ! K. II. Clark, $lOO; D. G. Whiting, $2OO J. R. Stevenson. $5O0: <. D. Ulrey, $l0O ] Frank G. Johnson, $l0O; A. II. Carrier $lOO; F.. 4. Perkiss, 500; B. A. liar bouF flOO. T I ChapIell 4lOO