The San Francisco call., 1908-10-04
DECLARE C|TYS
BONDS ARE OF
NATIONS BEST
Report OF Eastern Experts Says
San Francisco's Future
Is Assured
Conditions Justify Prediction
That Greatness of Past Is
Being Eclipsed
Marvellous Rehabilitation Wins
the Appreciation of the
Financial World
- -

I'VE have not begun to give the sit
uation the consideration to which it is
entitled, but we take with us from
San Francisco the thought that it is
one of the greatest cities of this coun-
try; that while it has been great city
in the past, it is greater one at pres
en-. Its future is assured, and it needs
no apologies from any one. From
the report of confidential representa-
tives of the purchasers of San Fran
cisco bonds.
Deeply significant of the position
that san Francisco has attained in the
eyes of the eastern financial world is
an attestation of greatness given it by
committee of eastern experts IN
municipal matters, who recently vis-
tied the city and made a short but
thorough Study of existing conditions
| as preliminary to the drawing of rec
concentrations regarding the invest
ment OF eastern capital in the new Is
! sue of municipal bonds.
PAYS HIGH COMPLIMENT
That eastern financial concerns con-
tested for the privilege of purchasing
the San Francisco bonds is, in itself,
sufficient proof of the stability of stand
ing that San Francisco has reached in
view OF the outside world. Now, how
ever, there has been made public the
text of a confidential report, on the
basis OF which the firms of Z. H. Rol-
Inns & Sons and n. w. Harris s. Co.,
two prominent financial houses. acted
port constitutes as high compliment
as could be paid any city.
Before making their recent purchase
of San Francisco bonds the firms OF
E. H Rollins & Sons and ~. W Har-
ris & Co. sent three confidential agents
to this city to look into all matters
pertaining to the city,s credit, the
ability of the people to meet. their OBJ
legations and the prospective CONNER
cial future of the city itself. AS a re-
suit .of their investigation these three
men sent the following letter to their
firms under date OF August 2s. 1908:
We write to give you our i'm
intended TO include all this matter
in a letter covering our trip on our
return to Chicago, but so that you
may have something definite before
never before seen San Francisco,
and who had no knowledge of the
situation except as they had read
and szoIs 3m remSgdptrs, ,',bsIptr alagazineS
glad OF the opportunity to tell you
something of what we have seen
with our own eyes.
1T is hard for one in a letter OF
this character to. give you any idea
Of the greatness of this city. In the
first place. we came here expecting
evidences n lra
on every side, but, on the contrary
we have seen none. We do find
some streets where only a few
buildings are standing, but on the
same streets new structures are
being built. and as they are much
better than those which occupied
gives the appearance of old build
ings having been torn down to
make room for new and better
structures.
MARVELLOUS RECONSTRUCTION
"A great many views have been
published in magazines showing
rebuilding of San Francisco, and
when we saw them we all said
that it was marvellous. but still we
did not give the same credence, to
them We have since actually seeing
the buildings. We inclose here
with several post. cards showing
views of various business streets
They are pictures taken OF these
various streets just exactly as they
are today. and in each case We have
seen the buildings and the pictures
are correct.
1T is practically impossible for
any. one who has not been in San
Francisco recently to comprehend
the wonderful recovery of the city
On every hand are evidences of
active business and prosperity. In
were reminded OF conditions as
they exist in New York. city with
WHICH we. are all familiar. and we
firmly believe that San Francisco is
as important a city. to the Pacific
ocean as is New York to the Allan
tic coast.
NOT DUE TO EARTHQUAKE
Most, every one had the impress
sion-which we ourselves had
that the earthquake caused the
great damage to San Francisco.
official figures. which have been
motion committee According to
been carefully verifed. the loss due
5 per cent and dynamite per cent
The majority OF the large cities
Of this country have. at various
Chicago in 1870, and it is nothing
more than may be expected at some
time in the history of every large
city. The rebuilding of a city after
a fire brings about a construction
of more modern buildings and the
city is built up in a more substan-
tial manner in every respect. It
also has the effect of cementing the
interests of the people. Today Won
may go from one end of San Fran
cisco to the other. talk TO people in
all walks of life. and you will
hardly find one who does not look
upon San Francisco as being much
better and wiser on account of the
disaster of 1906
The people of the city are not
wasting their time talking and
worrying about the past They
have all put their shoulders to the
wheel and are rebuilding this city
in manner which will make it a
credit TO the entire country
HARBOR Is MAGNIFICENT
San Francisco bay is one of the