The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1909-06-29
NEWS OF OAKLAND BERKELEY, ALAMEDA
PLANS BIG PROJECT
ALONG WATER FRONT
Realty Syndicate Interests In
corporate to Develop Dock
System in Key Route Basin

OAKLAND, June 2S.-Initial steps
in the actual development of the Oak
land water front between the Key
Route pier and the Southern Pacific
mole were taken today with the fling
of articles of Incorporation by the
Oakland dock and terminal company,
| with a capital stock of $5,0O0.0 900. E..
! A. Heron. Francis NJ. Smith and f. c..
Ravens. the trio forming the backbone
of the Realty syndicate. are behind
the new organization, which will be
an expansion of other activities of
the syndicate and operated in con-
junction with the. Key Route ferry
system and Oakland traction company
$50 ACRES INVOLVED
The area on which work will short
ly be commenced comprises about $50
acres of mud lands extending out to
low tide line and vested in the inter-
ests now engaging in its development.
The determination 20 proceed with
the long discussed proposition to in
stall a system of wharves and docking
Facilities on the flass at this time
signifies the Willingness of the Realty
syndicate to fall into line with the
Southern Pacific company in acknowl-
edging the rights of the city of Oak
land to control wharfing out privileges
over its entire water front outside the
| low tide lines.
This right was fully admitted when
the Hartman system entered into the
memorandum of agreement with Mayor
Mott prior to the last municipal cam
paign.
BY it the ancient dispute between
| the city and the Southern Pacific over
the water front was adjusted, Mayor
Mott winning every essential point for
which he had contended. At that time
| it was generally believed that the
| Realty syndicate would also acquiesce.
Following the fling of articles of in
corporation today application for fran
chises from the city council under
those terms are looked for within a
few weeks.
COMPREHENSIVE SCHEME
That the scheme for improving the
flats will be comprehensive was in
dicated by the time consumed in ma
turing the plans and in arranging the
financial policy which will insure their
consummation. The present time was
regarded as suspicious from a stand
point of the money market and all
indications point toward success in
raising cash with which to proceed
on the wharfng project.
The buIkhead of piling visible from
the ferry trains and extending from
the Key Route pier to the Southern
Pacific mole marks the western bound
airy of the syndicate possessions. On
the western side shallow water ex-
tends almost to Long wharf, but per-
mission to dredge this section to a
greater depth and utilize the dredgings
for filing behind the bulkhead can
readily be secured from the city.
GREAT TERMINAL, FACILITIES
Following the completion of the
dredging and filing a commodious sys-
tenn of wharves, basins, docks, ware
houses and terminal facilities for rail-
roads has been outlined. It's construc-
tion will in no measure interfere with
possible erection of municipal works of
similar character farther west along
the deeper waters controlled by the
city.
The capital stock will be divided
into $4,000 shares, selling at $10O each
Twenty five thousand shares will be
preferred, paying dividends of g. per
cent annually. The remainder will be
common stock.
Directors who have been elected are
E. A. Heron, Dennis Searles, C. p
Murdoch, George E. Pratt and Stanley
j. Smith. Stock holders, who in add-
tion to the directors have each sub
scribed for 800 worth of stock, are:
F. M. Smith, F. C. Ravens and Herman
Bell.