The herald-advance. (Milbank, S.D.) 1890-1922, 1906-05-04
ASK CONGRESS
TO BACK FRISCO
PLAN TO HAVE GOVERNMENT IN.
DoRsE BONDS FOR REBUILD.
ING THE CITY.
PROSPECTS ARE FRIGHTENING
DISTRIBUTION OF RELIEF SYS.
TEMETlZED-SAE FOR
ALL HOMELESS.

San Francisco, May 1. - The Sec
ond Sabbath since the fateful April Is,
has served as a clearing house in the
affairs of this ruined city While the
old-time quietude is missing the day
was attended by less of the excite
ment, confusion and clamor Of it's i'm.
mediate predecessors.
All possible work of a municipal
character was suspended and the tired
officials who for nearly two weeks
have labored necessarily with little
sleep, took advantage of the lull to Sc
cure rest and to pay some attention to
personal matters, the Sabbath gave an
opportunity to review the tremendous
accomplishments of the past eleven
days to provide remedies for defects
in the task of judiciously caring for
the destitute.
For Financing the City.
At a conference between James d.
Phelan, chairman of the finance COM
mittee, and lawyers and bankers,
plan was broached for financing the
city, which it is hoped will meet the
Endorsement of the general committee.
1t is conceded that there is not suffi
cient money in San Francisco to recon
struct the city, and that the people
must look elsewhere for funds.
Mr. Phelan said that If the money is
borrowed through ordinary channels
the interest will add a burden to nee
essarily increased taxation that will be
too heavy.
Ask Backing Of Congress.
The plan is to frame legislation tc
ask congress to indorse proposed
bonds of San Francisco. With this
guarantee of the government the city
will be able to borrow the needed
money at or IL per cent, the bonds
to run for fifty years and constitute
mortgage on the best portion OF the
city. Mr.. Phelan asserted that such
legislation would not be unpreceden
ted. 1t was virtually by such meas
ures that the Central Pacific and the
Union Pacific railroads were built,
and more recently by life legislation
railways in the Philippines became as
sured.
No Money In Circulation.
Mr.. Phelan made the following state
ment: 1.-The dreams of the finance
committee are very great and we dc
not see how we can meet them II the
conditions continue. There is nc
money in circulation The banks
dare not open their heated vaults, and
Io
probably pay out slowly. They ex
pect next week to cash the checks OF
well known customers to the extent OF
$500 each That will help the resump
tion of business.
"The support of the hospitals, orph
anages, religious and charitable asso
Citations is cut off The Red Cross es.
Inmates that $1,000 per day is neces
sary for the hospitals.
Will Be Work Of Years.
ITO set these institutions on their
feet will be work of years. The idea
in our minds is somehow to get large
sums of money at low rates Of interest,
secured by the improvements which
we will erect. Such moneys would be
amply secured, and as in the case OF
Chicago, give us a new city and give
to everybody the means of resuming
ordinary vocations. ,
Everybody is hopeful and courage
Gus and the prosperous communities
of the United States will, we are sure.
answer this call for holp. Their spOn.
taneous and generous aid has deeply
touched our hearts"
City Money Is Safe.
The city officials were highly elated
yesterday to find the contents Of the
municipal treasury intact. The vaults
were in a section of the city hall that
escaped the fire, and when an expert
opened the doors yesterday morning
he found gold, silver and securities
scattered over the floor, but nothing
missing. The vault contained $780,
900 in coin and currency; 100000 in
securities of the German Cavings bank
and $12.OO0.000 in city bonds.
Shipping Resumed.
Shipping is beginning to resume its
normal course. There were a number
of departures of steamers yesterday
and several arrived, the latter bring
ing provisions.
The steamer Imur arrived from Vic.
toria, B. c., with 500 tons of provisions
from the people Of British Columbia.
The cargo was admitted duty free