The San Francisco call., 1907-03-03
FRENCH CAPITALISTS To
INVEST MILLIONS HERE
Form Syndicate to Develop
Resources of Counties
Bordering Nevada

Millions OF dollars OF French capital
viii soon be invested in California en-
terprises. Bankers. railroad men. min
ing men and engineers Of Paris, coop
Grating with San Francisco fnanciers.
will develop the untouched resources Of
the counties which lie along the Ne
vada border. The virgin forests Of Cal
averas are to be tapped by railroad
lines and the timber brought here for
tho rebuilding Of San Francisco. The
vast scheme of development which viii
entail the expenditure Of between 81
600. 600 and $4,000 GOO was promoted
by Henry Bruner. vice president Of the
Central Trust Company A commission,
headed by 6. 9. FACET, a well known
engineer and railroad man Of Paris
which represented the French capital
lists in San Francisco. yesterday came
10 an agreement with Bruner. FACET
and Bruner will leave this morning for
Paris, where the full details of the
project VIII be worked out. The com
mission has maintained headquarters
ct the st. Francis Hotel
BIG TIMBER TRACT BOUGHT
The cslifornisns Interested in the
undertaking besides Bruner are. John
Raggio, president OF the Commercial
and Savings Bank OF Stockton; H s.
Blood. San Francisco capitalist; Tilden
Tognazzini Of the Swiss-American
Bank; Charles Erickson. a contractor
who is building the Bay Shore cutoff.
and F. J. SOlinsky, an attorney. The
French capitalists most heavily inter-
ested are former Minister Of Finance
Boudin and President Adam OF q
French banking syndicate. The project
viii be financed through the Bsnoue
Franco-Americsine Of Paris
The syndicate has already purchased
10000 acres OF timber land IN Calaveras
County inclosing the big trees now
owned by Millionaire Whiteside and
has options on 100000 additional acres
OF timber land which il will buy up as
necessity requires A railroad IS to be
constructed from stockton TO the forest.
II Is reported that at a later date the
line viii be extended into Goldhelo.
New.
IMPRESSED WITH CITY
IN the 10000 acres Of timber land al
ready acquired at a cost OF SIS an acre.
there are said 10 be one billion feet OF
lumber. The plan is to fight the lum-
Der trust in the San Francisco market
II the plans Of the syndicate carry IL
will begin the delivery Of the Calaveras
lumber in San Francisco with the first
Of next year.
shortly after the April disaster Bru-
ner went TO Paris and sought to inter
est French capital in timber projects
to supply lumber for the rebuilding of
San Francisco. In France doubt was
EXPRESSED as 10 the future Of San Fran
cisco, but Bruner induced the foreign
hnanciers TO send q commission to Call
fornia 10 study the situation. This
commission has been IN San Francisco
for three weeks. The French represent
atfves were astounded at the vast
amount OF work already accomplished
toward reconstructing the city. and ca
bled q report to Paris urging the in
veetrnenf Of large sums in San Fran
cisco and the country tributary to IL.
Work on the proposed railroad will
begin in April. The line viii be built
with all haste in order TO afford an out
Jet for the lumber from Calaveras II
is rumored that from the forests the
lire will eventually be extended
through Alpine County and the rich
Carson valley into the mining region OF
Nevada