The San Francisco call., 1910-02-12
EFFECT OF CANAL
ALREADY EVIDENT
Significant Facts That Demon
strate What This City's
Commerce Is TO Be

been rectified eastward and norfhwar,I
beyond rhe completed pier of concrete
and steel erected for the uses of the
Western Pacific railway. and is now
outlined 10 within a short distance
from the Santa Fe railway terminal
NJ The foot OF Spear street 4 pier
beyond those constructed for the Pa
cihc Nail and other corporations has
been partly built. aud this in SuE-
gestiVe fashion marks the Iessenins.
Of The gap toward Spear street.
2 Governor Giuett says: II am
quite confident that there will be no
hesitation on the part of the people
in voting The s9.O00.OOO bond fssue 10
carry out the harbor Improvement
work that is now going on. and vot-
ing the sI.OOO.O0O bond issue TO pur-
chsse the land around IsIais creek.
that we may have. in the future.
landiocked harbOr that viii be equal
TO any in the world.
3. Railroads that have no present
lines in California. but that view the
large prospects of California with in
tcrest. like the Hill lines. which have
the Klamath reservation the way TO
California have made Inquiries
through trusted agents concerning
water front realty for terminals. and
are expected TO show their hands i'm
the next few months in some way.
> The southern Pacific has a large
laod holding AZ North Beach that will
he utilized a. terminal for ferries and
railway lines coming in from Marin
county when its plans are perfected.
.. Prominent realty brokers and
raiWsEmen have conferred regarding
the possibility of turning the present
base OF Telegraph hill into ground for
The accommodation of warehouses
terminals. manufacturing locations
and the like. This implies the IeveIfng
OF Telegraph hill at some time when
the facilities Of the port need ex-
paDston. lt il estimated that the value
Of the rock in the hill would pay for
me e"st OF cutting down the present
heiShts 10 the wharf level.
8. The states belt line Of ra5I,x.
VIII be extended around the water
front TO cover the entire extent Of
Marehousing- manufacturing. whole
sailing, etc. along the water front ter
ri'"rF' With subsidiary spur tracks 10
ACCOMMODATE sites some blocks dis
tant from the front.
- The plan 10 purchase 6S blocks
OF submerged land AT IsIais creek baS
received the approval of the Iee-
isiature and Governor GiIIett and Il
strongly backed by the Potrero COM
nercial and manufacturers ax-oci.-
lion.
- Every day brings nearer tho
opening Of the Panama canal hi,
- The Key 10 the commercial sffuatfo,
on tho Pacific ocean.
" ATER FRONT REALTY
These eight leading and i-,,-,-...
reasons 50 The wise real estate brokers
say are alone sufficient 10 explain ,rh--
t interest IN water front rea Ity and
I'D res-ty adjoining blocks not fsr. re-
active. -
Aligned conjointlv these considera-
.fpAs furnish the bases for the most
important movements in relation 70 rhe
aoFancement Of downtown uroperfieS
ln san Francisco that has ever talren
pace in this city since its settlement.
The subject is 50 important that II
is necessary 10 connect something Of
DETAIL with the summary published in
TIE foregoing so that the matter may
Ue better understood
Especially is this matter Of prime
e"lsldera ton in view Of the fact that
much foreign money is likely 10 be in
terested in san Francisco real estate
snd. particularly, the higher priced
properties that viii be inperativef.
required IN the future vast business
0f this. the leading commercial port
a. tie Pacific coast Of the United states.
some of The accompanying details may
be summarized as follows:
HARBOR IMPROVEMENTS
Since 1907 more than 81 .0O0. zoo Of
thc 100000 bond issue authorized
hv the legislators Tor the purpose has
been expended IN improving old
whsrves and in making new ones Of
steel and concrete
Tn making tlis expenditure real es-
tate las been created that is estimated
20 be- worth fully sI000.000. or equal 10
the cost incurred in construction. There
are also 10 be added permanent bene-
Tts and new facilities. the ultimate
value Of which can not be well COM
Duted
Three large piers have been con-
sfrlcted mum bered Sc. 3S and 40 4
length OF 230O feet OF solid seawalT has
been completed and 1900 feet additional
have been contracted for. This viii
leave but BIO feet OF seswall to be
built between the foot Of Market street
and the China basin.
In the construction Of the seawall and
the filing in Of the adjoining back
lands not less than $1,000 900 worth OF
now real estate viii be created in sea
wall lots.
Acting under permit by the United
rornrafsSioners viii extend the pier
head line in front OF the China basin
go feet. giving room for eight new
piers.
The largest pier in the harbor has
inst been completed. This has a shed
COO feet long for the service of ships
= car ferry slip for ferry uses and
lumber wharf with railroad running
down the entire length. so thai car
goes Of lumber can be unloaded directly
mon the cars from the vessels.
EXTENSIVE REALTY
Thirtv-fve acres Of real estate will
come into hsrbor use as soon as the
china basin lease terminates
Considering estimates derived from
various reliable sources Governor Gil
lett draws the highly interesting con-
,f5sfon that with the territory south
nd north OF Market street extended in
seawau lots, in pursuit OF the wharf
Ind seawall construction there VIII
he 20 acres OF valuable water front
property. all connected UP with ships
and rails and warehouses. that should.
ff properly administered. bring suffi-
cicnt revenue TO maintain the port free
q either dockage or toll charges"