The San Francisco call., 1909-01-29
Strong Opposition Arises TO
Contract Framed by United
Railroads Company
Stock Holders Now Believe Cali
hOun's interests Will Benefit
Without Compensation
E. H. Rollins s Sons Leads in
Strong Protest Against
the Deal

built a big plant in Oakland recently
at a cost Of s4Lss per kilowat
The power contract is one. not calcu-
dated to arouse enthusiasm among the
stockholders in the Stanislaus com
pany. It is stipulated that the COM
pany shall supply power to the United
Railroads for a term Of ~ years at a
figure that would bring in s915.sOo per
annum. 1t is contended by many that
this would not provide an adequate
income. 1t is shown further that the
United Railroads is zSs paying II
cents per kilowatt hour TO the City
electric company for its power. To
the Stanislaus company it viii pay
under the terms Of the projected sale
rs cents per l1ilovatt hour.
A feature Of the agreement which has
aroused widespread opposition is that
which requires the stanislaus company
TO take over the City electric COM
pany's contract, the United Railroads
agreeing only to meet the loss and
not allowing for a cent Of profit.
4le CLdullalS company was acquired
by Beach Thompson and Howard Needer
in 1899 and they developed it with the
assistance Of eastern capital. It's prop
critics consist Of first water rights for
1900 miners inches Of water on the
main Stanislaus river in Tuolumne
county. $4,000 acres of land for seser-
VOir sites; 1900 acres of timber land;
several hundred acres OF land for pow
er and small reservoir sites, and also
al j Of -
properties in Calaveras county.
The Stanislaus electric power COM
pany was Incorporated in Connecticut
for Sl0,00O,000 and was the operating
company. All of the stock is owned by
the Stsnislsus water power company of
Maine. which was Incorporated for $13.-
100000. The managers of the under
writing syndicate We're Tucker, Anthony
d Co, bankers Of Boston: Frederick
Eldridge, first vice president OF the
Knickerboeker trust company, and c.
G Cuyler Of Cuyler, Morgan & Co. The
Morgan Of this company is a nephew of
J. Pierpont Morgan.
About $5,00O.OO0 has been expended in
developing the property. The concern
has also absorbed the Tuolumne water
power company The Stanislaus. COM
pany was originally designed as a IS, ,Oo0
horsepower plant. II has a peak ca
pacity Of over 10000 horsepower. and
It is stated that by diverting a branch
OF the river it can generate 5000 horse
power.
It is understood that following the
san Francisco fire and the temporary
suspension OF the Knickerbocker trust
company in New York the Stanislaus
company experienced difficulty in car
Tying its work forward. 1t was then
that outside influences opened negotia-
tions for its acquisition. This ex-
plains the peculiar terms imposed and
the protest that has gone forth.
VIII Gather Statistics
CALL HEADQUARTERS. CHAMBER
or COMMERCE BUILDING. SACRA-
MENTO, Jan. 2S.-Governor Gilletts
bill. appropriating $4,000 with which
TO provide for the gathering, compiling,
printing and distribution of statistics
and Information regarding the Japa-
nese Of the state, was introduced in the
senate today by y. ". Leavitt and in
the assembly by Speaker Phil Stanton.
The data are TO be gathered by the state
labor commissioner, and are to be used
by the governor in making a report
TO the president and congress.