The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1906-05-11
IS PLENTY OF MONEY

be here.
IS PLENTY OF MONEY
/ TO REBUILD THE CITY.
A European syndicate is ready to in
vest $4,000 900 in San Francisco realty.
The determination to place this sum
in real estate in this city has been
formed since the great disaster. The
intention of the foreign corporation has
been made known to H E. Law. one
Of the Law brothers, owners of a large
amount of San Francisco property. The
mead of the syndicate cabled him of its
desire to get hold of sites and buildings.
Inc anxiety of the European investors
TO secure real estate is taken as evil
dence of the confidence of the world
in the future of the new San Francisco.
The first building permit. applied for
and granted. was for a twelve-story
steel structure to be erected by Thomas
Magee. This is one of the first sub
stantial evidences that the business
men of San Francisco intend to lose no
time in getting down to business
The work of rebuilding san Francisco
will proceed rapidly. Mrs. Herman
Oelrichs. of New York. has agreed to
repair the Rialto Building ar, i to build
again on ~the site of the Crossley. She
and her sister, Mrs. W. X Vanderbilt
Jr., have also stated that they will put
up solid office structures on the Mont
gomery Street site.
The Emporium. a large department
store. will resume business on a large
scale next week. A temporary struc-
ture will be built at the corner of Post
and Van Ness Avenues
In two weeks, seven floors of tie
new Monadnock Building, which was in
course of construction at the time of |
the disaster, will be filed with Offices
Capitalists are not in the least dis |
mayed or disheartened. James Phelan, |
chairman of the finance committee and |
multi-millionaire, said:
Before the earthquake I was asked /
by certain capitalists to erect large |
hotel on the site of the Phelan Build
ing at Market and O'Farren Streets. |
Since the disaster the proposition has
been repeated and even urged. This
shows most decidedly that there is no
lack of faith in the future of the city"
WORDS OF CHEER
FROM A GREAT PRELATE.
Andrew B. McCreery, the millionaire
who owns the site of the old Western
Union Building on the northeast corner
of Montgomery and Pine streets, in
which were located the offices of the
Associated Press is to begin Immediate
~ the construction of a six-story build
ing of the best modern style. Mr. Nc
Creery also owns the southeast corner
If Pine and Montgomery and will build
there later on. He favors widening
Montgomery street, saying that he is
willing to pay his share of the cost and
he states that he will not erect struc-
,ures higher than six stories. He thinks
hat buildings on Market street should
pc limited to twelve stories in height
md that those on narrower streets
hould be limited to six stories.
Archbishop Riordan appeared at the
Meeting of the citizens general COM
nittee and in an eloquent speech coun-
eled harmony between those who are
triving to bring order out of chaos,
nd predicted city greater, more
eautiful and a more striking example
American pluck and enterprise than
he old San Francisco.
Union should be our watchword, -
aid the archbishop, "and whatever
ifferences may have existed between
he men of this community in the past
houu De Wlped out. Inc Catnoic
hurch is perhaps among the very 4
eaviest losers, but we are undismayed,
nd [ come here to tell you that the
oble men and women over whom 1
ave direction are at your service
These ringing sentences of the arch
ishop were enthusiastically cheered.
Mayor Schmitz replied to these senti
ents in speech equally eloquent, say
lg that harmony already prevailed 4
nd that whatever enmity may have
cen felt in the past was wiped out and
lie citizens of San Francisco had but !
ne object in view-the immediate up 4
aiding of a newer and better munich 4
Atty 4
What to do with the unfortunate
hinese of San Francisco, a problem !
hich has given the authorities con-
derable worry during the last few
lys. has been settled, at least tempo ]
rily. Since the destruction of China
L IA