The San Francisco call., 1910-02-20

MUM system established by the board
By this system the board exacts a pen
atty per diem for each and every days
delay in the completion of the work be-
yond the time specified in the contract.
The premium is per diem payment to
the contractor for each and every day
the work has been completed in ad-
vance of the time specified.
In addition to these piers, there is
also at this time being constructed pier
81, at a cost of $167,730, to be leased to
the Western Pacific railway company
and pier 54, at q cost of $263, 900 to be
leased to the Atchison. Topeka and
Santa Fe railway company. The sub
structure of these piers is practically
the same type as described for piers
40, So and Sc.
All of the piers referred to, that is
40, SO, 36, "a and 81 (the last two now
in course of construction) are provided
with railroad tracks for the economical
and speedy handling of freight The
tracks on the piers will permit of cars
being switched into position, so that
the cargo handled can be either loaded
or discharged direct. thus saving time
and team haul.
The bulkheads between the piers
above described are constructed of re-
Enforced concrete. costing approx
mately S150 per lineal foot. The high
initial cost of this style of buIkhead is
more than Offset by the cost of main
tenance on the old style wooden bulk
heads, which require continual repair
The new style of bulkhead is designed
to do away with practically all main
tenance charges
BY the construction of the seawaIl
and the filing in of the space behind
the bulkhead and seawall line, land
has been created which is known as
seaWaIl lots. Up to the end of 1909
haS Iaf,,
process to the extent of 91S,139 square
feet, valued at over $4,000, ,000. In adj
dition there will be available for rec
lamation by the construction of sec
tion 8 of the seawall 26,7S3 square
feet, and by the bridging Of the chan
mel approximately 100000 square feet.
SEAwALL LOTS VALUE
In 1907 the board deemed the rentals
received from these lots inadequate as
in any sense being a reasonable return
for the states investment A well
known realty firm was employed to ap-
praise the properties of the state and
submitted a report to the board show
ing that the boards opinion was cor
rect. 1t was decided after the receipt
of said report to increase the rentals
on seawall lots to A. per cent of the
appraised valuation. resulting in an
average increase from this source of
approximately $4,000 per month.
The increasing revenue from these
seawall lots is a certain index to the
fact that the TIME will come when the
revenue from the state lands in the
harbor will practically, if not entirely,
abolish all charges against shipping.
which are now imposed by the board
of state harbor commissioners
These seawali lots are of almost
inestimable value to manufacturing
warehousing and railroad companies
In almost every instance the rentals
are paid for tenures from month to
month, although under the law the lots
can be leased for a period of not to
exceed % years. Recently there were
leased lots % and "a for % year
period and $117.240 rental was paid in
advance. The total rental for these
lots for the term of the lease will ag-
gregate SS76,120.
The construction of the seawall be-
tween the ferry building and Spear
street, together with the bridging OF