The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1913-01-30
Enabling Act Will Be Pre-
sented to Legislature This
Week Authorizing the
East Bay Board of Super
visors to Call a Special
$1,0O0,0OO Bond Election
ACTION IS RESULT
OF AN AGREEMENT
Oakland Chamber Of Com
nerce to Send I. H. Clay,
w. E. Gibson and Other
Members to Sacramento
to Urge Passage of Act
for Exposition's Benefit


OAKLAND, Jan. 29.-Alameda county
will make good on its promise of
s1,ooo,ooo. made two years ago, TO aid
the Panama Pacific international ex-
position by subscribing that sum raised
by a bond issue. An enabling act will
be presented to the legislature this
week. authorizing the board of super
visors of Alameda county to call a spe-
cial election to decide on $1,000, 900
bond issue.
The decision that aid will be granted
San Francisco in the fair was the re-
suit OF an agreement reached after de-
liberation and discussion held between
representatives of the two cities-a
bona 6de contract. The consideration
accepted in return for aid to San Fran
cisco as a commercial and industrial
ally grants the recognition of Oak
land and carries with It the assurance
that Oakland will receive the proper
treatment during the big fair year IN
the way of landing facilities and trans
portation accommodations.
PLAN APPROVED AND URGED
At = meeting OF the axecutive COM
mittee Of the Chamber OF Commerce
this morning the plan was discussed In
the phases broached at previous meet
ings between representatives of the
two cities in an effort to reach IN
agreement and a meeting of the board
OF directors Of the chamber this after
noon resulted in the plan being ap-
proved and most strongly urged. /. H.
Clay and w. E. Gibson, accompanied
by other members of the board OF di-
rectors and the chamber. will go to
Sacramento tomorrow to see that the
enabling act is placed before the legis-
lature
The measure that viii be presented
was drawn by Attorney R. NJ Fitzger-
aid after a consultation with President
c. c. Moore of the exposition COM
pany. 1t is in, the form of an en-
abling act through which Alameda
county may incur bonded indebted
ness of s1.OOo.o .ooO, the proceeds to go
to San Francisco in return for stock
in the company. the bonds to run for
40 years at an interest per annum of
5 per cent and the interest to be
raised through increase in assessed
tax valuation.
NO DOUBT OF PASSAGE
The act will be presented by a mem
Der Of the Alameda county delegation
and will be urged by the Oakland com
mittee. The nature of the agreement
and the old promise, reinforced by the
heavy interests involved, leave no
doubt in the minds of the local men
who are behind the measure that it
will pass without question. Every
means will be used to see that the act
is introduced and passed before the
week is over and it is too late
The money will be expended under
/. such terms as the legislative authority
= of this county shall dictate. That the
county take stock in the fair COM
pany was the suggestion of C. c. Moore
during a consultation held recently.
any profits arising from the bonds thus
reverting to the county. This prac-
tically amounts to guarantee against
loss. The bonds are understood to be
nonassessable. At all events the bonds
are to be taken with the option of TAX
ing stock in the fair. The fact of
their purchase has been understood
not to presuppose that this county is
obligated to take the fair stock.
BENEFIT TO COMMUNITY
Outside of the fact that the action
OF the county in subscribing the
$1,0Oo.0 600 will be in the nature of the
payment of just moral obligation, as
was conceded today by the directors Of
the Chamber of Commerce, the act is
regarded as one which will be of much
media county. Any of those urging
the action are heavy personal con-
tributors to the fair fund, and it is
their belief that the subscription will
be of undoubted good, not only in the
effect Of bringing money and people to
this community, but from the amicable
spirit it will foster.
Back Of the action to be taken lies
promise made two years ago at the
time the fair site was before con-
gress, when San Francisco and New
Orleans were contenders for the fair
.whiIe the decision was still in doubt
"a meeting OF the directors Of the
Chamber OF Commerce was called and
telegram sent to Congressman Joseph
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