The Hawaiian gazette., 1906-05-15

| vaults and other conveniences for
! transacting business which requires
more time.
! RUDOLPH SPRECKELS HEAD
OF THE FIRST NATIONAL
Under these circumstances the clear
ing house is acting with great wisdom.
The first step was to provide for sup
plying actual necessities from old bal
ances. That has been done and will
continue. The next step, obviously,
was to provide for the custody of
money actually in circulation-which is
now enormously above the normal
and facilitate exchanges based solely
on that circulation. That has been
skillfully done by opening new "spe-
cial' accounts with depositors having
no reference whatever to old accounts.
For the present these two measures
will provide for all the business which
is ready to be transacted. By the time
that large payments are required the
bank vaults can be opened and busi-
ness will be on a normal basis. All the
savings banks are in good condition,
but can do nothing until their vaults
can be opened which will presumably
be some weeks.
Rudolph Spreckels has been elected
president of the First National Bank,
to succeed S. G. Murphy. The election
occurred yesterday at a meeting of the
board of directors. Murphy has been
desiring for a year or more to retire
and deemed the present an opportune
time for him to step out and leave to
a younger head the government of the
important financial institution over
which he has so long presided
Rudolph Spreckels possesses large
wealth. commercial and general execu.
tive talents. He has managed several
large enterprises with conspicuous sue
cess, is a hard worker and very pub
| lic-spirited citizen.
| Spreckels this morning expressed
great confidence in the future of the
city. He said that since the fire he
has rejected offers for city realty own
ed by him which he was disposed to
accept before the disaster.
Il have found no fear of the future
among The capitalists of San Fran
CISCO" aaid Spreckels. Every man of
his money in the new San Francisco"
THE. PROBLEM OF CLEANING
IN THE BURNED DISTRICT
According to careful estimates. the
mass of brick and other debris that
will have to be removed from the burn
ed district of san Francisco to permit
the rebuilding of the city aggregates
something between 10000, 600 and H.
100000 cubic yards.
c. Il. Loss, the well-known contrac-
tor who has been prominent in railroad
and other construction work through
out the country for many years past,
and who will be a leading factor in the
colossal task of cleaning the city, says
the removal of this vast amount OF
material would take five years if the
work had to be done with teams. Ac-
cording to a system which he evolved,
however, he hopes to see the ruins
cleaned up in from eight to twelve
months, He proposes to remove all the
debris that now litters four square
miles of the city by means of cable
ways and bunkers that will facilitate
the easy and economical loading of the
material into railroad cars for convey
ance to dumping grounds outside of the
city.
THE problem of cleaning up the
burned district is a gigantic one" said
Mr.. Loss yesterday. 1T is so stupen,
dous that property-owners seem to be
all at sea in the matter, and are start
ing off, eXcitedly, hiring teams to clear
their property without any idea as TO
where the material can be dumped, or
how long it viii take. or the cost.
A MATTER OF URGENCY BUT
HASTE IMPOSSIBLE.
THE situation is one that presents
case OF great urgency, but 1t is
matter tina, cannot be unduly rushed,
] have evolved system for handling
all the lO,0O0,OOO or 100000 cubic
yards of debris from the business dis
trict, and II is the one feasible scheme
that can be formulated. | propose 10
handle this material by means of
bunkers ana cable ways | have Sc
cured permits for the erection OF bunk
ors, and have ordered material and ma
chlnery which viii be erected at the
earliest possible moment. II viii take
thirty days, however, To get things In
working order After that the debris
win begin 90 disappear from the burned
, district AS II by magic. | expect to
install facilities for handling the entire
vululng NJ debris Ia he moved, but our
work win depend, ~ course, on the
/ contra "ts We secure from property
4 owners. Already We havs made cone
! tracts with many owners of Large hold
mss Uf Downtown property
'uur fystvm, hrlrhy, h this We
! win ,rU0t hunhuu nt various opnYor
nirni places throughout lhe district
The material Wlll Boz conveyed ln these
punbfrs hr rlblr ways and nOm lhr
hpuhHH Wlil hr dumped mio milrugd
lr0ff Ar ls "0l knonn permits fur
ihr mynE NJ wllrad tracks ihrnuEh-
mi iha hmnl DISTRICT haY' boon
Hwnil io ihs uantrnrlaunp l0m-
Mu'Nr Hul tHe WWa mi lHllnH rW-
mwit uHIt. n lApHI. lhla nn.IN..
NJ NNN mlUH iuHhri lpr fallnHiH Hr
N. 0nlF mIuelluua ihii Dsu nsuat
'lhH bNfluws fp rmo'f an ihif