The Montgomery advertiser., 1906-05-02
WILL ADVANCE
 S1O0,0O0,OOO New York Capitalists Come to Rescue. WILL AID SAN FRANCISCO Money to Be, Supplied on Bond and Mortgage Basis. Citixens' Committee Decides so Accept the 100000 Yen offered by Em-
 peror of Japan and Refused
 By Government.

San Francisco, May 1.-The first def inlte proposition for furnishing money on a large scale to San Francisco for the purpose of rebuilding one of tho burned sections was made public to- day when 1t was announced that a syndicate of New York capitalists had agreed to advance s100,o00.000. The news came in a telegram received by W. F. HerrIn, Chief Counsel of %the Southern Pacific, from Senator New lands of Nevada, who has large in- terest in the burned Palace Hotel. Sen ator Newlands stated that he had sub mitted the plan to New York financfers and that they had virtually consented to supply the money on a bond and mortgage basis. The names of the New York people are not given. The offer Is under discussion by the local Finance Committee
 It was decided today that the Citi- zens Committee would accept all of- fers of aid from foreign countries. This decision was reached when commit nication was received through Japanese official sources asking if the citizens would receive the contribution of 200.- GOO yen made by the Emperor of Japan and declined by the United States Gov ernment
 wuI Accept Japan's Gift.
 The Finance Committee held that San Francisco, being essentially cos mopolitan city. 1t was obliged to care for many destitute foreigners, and that 1t would be proper in these circum- Astances to accept all outside tenders of assistance.
 The local money stringency was some what relieved today by the banks re- suming business in a small measure through the branch of the United States Mint. Well known depositors were given certified checks for small sums by the savings banks and bus mess clients of commercial banks were accommodated If they so desired with sums not exceeding $500 each.
 The subject of having special ses- sion of the Legislature called at an early day is being earnestly considered by the general committee. The calam- ity San Francisco has suffered will call for rnany-chenges in the Califor- mia statutes and In the city charter in order to permit of new regulations iu the matter of increasing indebtedness making longer leases, etc, and Gov ernor Pardee is urged to convene the Legislature in extra session as early as possible.
 The relief of the destitute was con- tinued today under the new system devised by pr. Devine of the National Red Cross and the local authorities and 1t Is reported that all unworthy and undeserving persons within few days will be eliminated from the lists of those entitled toe assistance.
 Free Employment Bureau.
 Plans for establishing and maintain ing a large free employment bureau here has been perfected and will be speedily put into operation. Through this means, 1t is hoped to afford an- other channel for assistance and to dis tinguish the able adult who Is willing to work from the man who prefers to subsist on the generosity of others,
 Considering the condition of the city an, astonishing amount of building has been commenced. The new structures are all one story frame. but they will be sufficient for time to provide for the immediate needs of their builders.
 James D. Phelan, chairman of the finance committee. today received a telegram from Secretary of War Taft notifying him that only $7s0,000 re- mained out of the $2,500.000 appropria- ted by Congress and that this sum would be expended for supplies. etc,
 The telegram was read at the session of the finance committee and filed without discussion.