Arizona republican., 1906-05-02
A Syndicate Will Furnish SIOO.OOO. 900
 for Reconstruction
Thezens COmmitte in its Dire Need Decides to Accept Foreign Offers of Aid Which the National Government Had Declined With Thanks

San Francisco, May 1.-The first definite proposition for furnishing money on a large scale to San Fran cisco for the purpose of rebuilding some of the burned sections was made public today when it was announced that syndicate of New York capi- talists had agreed to advance SIO0,- 100000. The news came in a tele- gram received by W. F. Herrin, chief counsel of the Southern Pacific, from Senator Newlands of Nevada, who had large interest in the burned Palace hotel. Senator Newlands stated that ne had submitted the plan to the New York fnanciers and that they have virtually consented to supply the money on bond and mortgage basis The names of the New York people are not given. The offer is under dis cussion by the local finance commit tee.
 It was decided today that the citi- zens committee would accept all offers made from foreign countries This de- ctsion was reached when a communi- cation was received through Japanese official sources asking if the citizens would receive the contribution of 20O,- 900 yen made by the emperor of Japan and declined by the United States government The finance committee held that San Francisco being essen tially a cosmopolitan city, it was obliged to care for many destitute for eigners and it would be proper, in these circumstances to accept all out side aid tenders of assistance.
 The local money stringency was somewhat relieved today by the hanks resuming business in a small measure guh 10 Tnf mint. Well known depositors were given certified cheeks for small sums. The subject of having a special ses- sion of the legislature called at an early day is being earnestly consi6- cred by the general committee. The calamity San Francisco has suffered will call for many changes in Califor nia's statutes and in the city charter in order to permit of new regulations in the matter of mourning indebted ness, making longer leases, etc, and Governor Pardee is being urged to convene the legislature in extra ses- sion as early as possible.
 The relief of the destitute was con- tinued today under the new system devised by Dr. Devine of the national Red Cross, and the local authorities and it is reported all unworthy and undeserving persons will within a few days be eliminated from the lists of those entitled to assistance.
 Plans for establishing and main taining a large free employment bureau have been perfected and will be speedily put into operation Through this means it is hoped to af- ford another channel for assistance from the man who prefers to subsist on the generosity of others.
 Considering the condition of the city, an astonishing amount of build ing has been commenced. The new structures are all one story frames but they will be sufficient for time to provide for the immediate needs of their builders
 Jas. D. Phelan. chairman of the finance committed received a tele- gram from Secretary of War Taft notifying him that only S7S0.OOO re- mained out of the $2 500 900 appropri- ated by congress, and that this sum would be expended for supplies, etc. The telegram was read at the sessioT: of the finance committee and filed without discussion. Chairman Phelan stated that nineteen hospitals were ab- sOlutely without support as a result of the great disaster, and to support these institutions the committee will soon be called upon to expend about