The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-05-05

Immediately my did not SON Va con.
sistpT tlts work tqfuep tlsm, but wanted
~ have m1uoy tefoys they thoueht ~ plans
n Wsa lnFs 0hat NJ liafTinaR ~insefpossd
"!h hls stlst sf.ese So !. A,..
toy much telklng sn,t not enough wpfh
fesi lesa pmln@d than sny. nah lwre "a
hegiu mHhlHa suggestions wv Hdvice ~
. hptsirH ~ 10 start ~ Wofh We ought
10 wuFk murH AMI tHlh Ieaa Nls'pkes mty
~ ma,p ~ going ahead, hpt I don't cars
H. sor,s,h11s tl@m 10 s,and stm n mls.
takes afs hiade thsy q - fectlhed, hut
unless thpfe u Hottun there y aftfe tg -
tgua ~ apIritt don't cate Nhefe 0r hos
Tho start ~ mad. FGf myself ! can asy
that although would pay 4 man b d. We
wurk t0uld ae' him would pitch
hflcha 10 clrar vnvs DO something aud
tho work viii all ~ done
fhe parlna stafes Telephone and Teie.
graph ComtaAy vii apon haNs an army
" Hnan NJ work demonstrating We aysteti
taihed q l6as n about Q million dollars IN
escea- u fs Insurance. The lsfritory
destroyed crntained about S1.OD telephones
and stations and the district unhiirned
about is,OOD stations The loes ~ four
operating buildings teuuirca q feadluat-
lnsnt of the underground gable system 70
lead ~ two operating building which are
left The underground conduit Inc cabls
system waa tinInIufod,
p. ~ Mccarthy, president Of che Building
Trades Council, statsd this morning that
there were plenty ~ mechanics IN San
Francisco and that II would be undesirable
for mechanics In other cities IN come here
for the present. There are said Mccarthy,
more tlan 10000 mechanics az work at
present. In addition 10 this number there
are more than 20,Qy0 registered az tho head
quarters Of the Trades Council. AZ o
as buildings are commenced there u
need for more bricklayers anu mechanics
| am In position 20 furnish any number OF
mon. Il would be unwise at present to
import any extra men, for there IL no means
u caring for them
The Clearing House committee has
reported all city banks solvent. Such
statements are never made by Clearing
House committees until after a careful
examination Of the securities Of each hank
Its statement may be taken as authors
tetiye. -.
That does not mean that any bank could
pay out the full balances OF all Us deposit
tors at sight, for q majority Of that money
Is loaned. II means simply that all banks
could pay at sight all checks which would
be drawn In ordinary course OF business
under normal conditions n all other de-
poslts within reasonable time.
Under existing conditions there will be
some delay In collections, with an increased
demand for payments. To provide for
that banks must themselves borrow money
on pledge OF their securities and get II here.
The cheering information has been given
that San Francisco Is not threatened with
water famine, and that all the city's
sources Of water supply are intact. Proba-
bly, for two or three weeks, however, there
will be necessity for conserving the limited
supply that is now coming Into the city,
because this supply cannot be enlarged
until a serious break in the forty-four inch
main across the marsh near San Bruno.
leading from Crystal Springs reservoir.
is repaired.
Until this break is repaired San Fran
cisco's supply of water will be limited to
IS, 900 900 gallons daily. and a Considerable
amount Of this supply IL now being used to
city. Some OF these reservoirs are full
and some are filing slowly. Within q few
DAYS the city will be permitted 70 make
more liberal Use Of water.
The first signs Of a resumption Of real
estate sales were given yesterday. Sew
before the fire were completed on the
lines Of the original terms, while new ones
were entered upon. In addition O number
Of offers for realty az figures considerably
below values that have hitherto reigned
were promptly declined.
Whatever the future may bring forth,
owners at present are unwilling to accept
any material sacrifice on their holdings.
MANY of them are counting on their insurance
to enable them either TO rebuild or TO hold
of for the closing Of ground leases on their
downtown Properties until improved con-
ditions shall come about. The feeling is
hopeful aver among those whose situation
Is most p%recarious. They believe that they
will do better bylwaiting,.
Rudolph Spreckels and his associates. who
own Lick House site on Montgomery street,
have been offered $3.50 900 more than they
s.ll g.. Loo AVID hHtal h,,illtpn ahout fwn
years ago and have declined to sell. This
offer is a strong indication of the strength
of downtown realty values and shows
that owners Of property downtown have
every confidence in the early rehabilitation
Of San Francisco.
Construction Of several substantial frame
buildings was begun yesterday at East and
Market streets and other points close TO
the ferry depot. n q score OF temporary
frame buildings for CONTRACTORS and other
men Of affairs have risen within a radius
OF a few blocks from the foot of Market
street. California street as well as Market
is clear OF debris all through the business
section, and on this thoroughfare the work
of resurrectinR safes and vaults has been
particularly energetic.
Market street vas never the scene Of
greater activity than 1t is at present, More
than 800 men are at work between the
ferry and the James Flood Building on
San Francisco street, and they are making
short work Of the ruins.
There were 2s4 men employed In the
Food building yesterday. A detachment
was assigned 10 each floor to clear out
debris and for ten hours brick and plaster
and remains of furniture we're hurled from
windows In w~heelbarrow loads re-
In the closing Of Ellis and Powell
streets for one block.
Further down there are some twenty
FIVE donkey engines in commission hoist
safes from ruins and hundreds OF teams
are carrying off debris.
Gov. Pardee was one OF the sufferers by
the San Francisco fire. He owned struct-
ures at Fourth and Folsom streets and at
Fifteenth and Mission streets. Yesterday
the full insurance on the build
was paid to the Governor by the COM
panies which carried the risks. Gov.
Pardee says that it will require structures
between 100000 and $4,000 TO re-
place those destroyed.
The buildings at Stanford University
are to be reconstructed at once. In the
rebuilding steel and stone will be EN-.
ployed. They will be earthquake proof and
money will be wasted on elaborate deco
The Memorial Church will not be re-
stored In its original form, but all the new
buildings will conform to the old Spanish
style OF architecture. For the
last few years 500, 600 has been expended
for buildings. But as the run-
ming expenses Of tho university are in