The San Francisco Call. Newspaper, May 3, 1906, Page 1

TEMPORARY OFFICE The San Francisco Ca.l 1651-3 Fillmore St. PHONE: WEST 956, Fdt bbb bbbt b i FEFFFFF R R R R R R P T THE WHOLESALERS T0 L0 SAN FRANCISCO. THfiRSDAY, MAY 3, 1906. - : OAKLAND OFFICE The San Francisco Call 1016 Broadway Business Offiice Phone: Oakland 1088 Editorial Rooms, Phone. Oakiard 74& FEFEPRRRR R R CATE TEMPORARILY IN POTRER0 ccept the Offer of the Southern Pacific PROSPECT ROWING BRIGHIER Finance Committee Feels Itself Strong for All Needs. Plans for Rebuilding City Are Enga Af Al ging Most ntion. D advised or Comn the duties eharged to the Relief Committee had en performed and therefor€ he re- ested sald committee be dis- &s the entire future respon- for han disbursing COMMITTEE REP SENTATIVE. re ous that could be of the San enterprises bay and re- for the con- 1 may be in- prehen . It is & great p i= not beyond humen © nsion. The Mayor property that ke the lead together, might short space of time READY FOR UNDERWRITERS. accom Union square i= ready for the fire vnderwri They can get all the accomme s desired for the imme- diate mt of losses. The Park perintendent will every facil to hasten the ad- justment. On motion of W. H. Metson the Mayor was requested to notify the underwriters that the space in the square spplied for by the under- writers was ample and available. Exorbitant demand for leases of Yrusiness property west of Van Ness #venye and north of Goiden Gate ave- nue caused a general discussion in vesterday's session of the General Committee. The prices asked for busi- ness locations are estonishing. It was stated that the sum demanded for = i DF WITTE OES 0T - OF DFFRE Czar Accepts the Resig- | nation of His Noted 1 Premier. 'Appoints to the Position the Count’s Bitterest | Enemy. ST. PETERSBURG, May 2.—The resignation of Count de Witte as ier has been accepted. He will be succeeded by E. Goremykin, for- mer Minister the Interior. The announcement of the change in the Cabinet will be made tomorrow. Goremykin, the new Premier, was exposed by De Witte in 1893 and since | that time has been the retiring Pre- mier's unrelenting enemy. At that time the former Minister of the Inte- rior made a report to the Emperor to the effect that the stories of famine and suffering which were sald to exist were untrue. De Witte, who - was then Minister of Finance, thereupon produced documents te.prove that the conditions i the interior were 85 they had been represented to be. When the Emperor confronted M. Goremy- kin with this - the latter is said to have fallen on his knees and wept {and to have begged for forgivenness. The Minister was so overcome that the Emperor himself brought him a glass of water. Later Goremykin took part in the Von Plehve Cabinet, vhich drove De Witte from the Min~ istry of Finance in 1903. Goremykin is considered a mediocre | man, of insignificant appearance as capacity. He wears side and looks like an English While for some time he has liled a Liberal, it was only in with such men as Von Plehve Sipiaguine, the late ter. Pre of official } been contr: of Justice, becoming Assist- ster, from which position he in 1895," as a protegee of Dowager Empress, to become Min- Interior. The student trou- forert ers of the recent revolution, were then just beginning and Goremykin lacked the necessary € end them He was sup- [ 1899-by Sipiaguine. Last year, when Interior Minister Durnovo legislated out of existence the committee of which De Witte was president and which had been inves- tigating the agrarian question several years, Goremykin was appoinnted ead of the agricultural commission which supplanted it. When he be- came Premier, De Witte retaliated on Goremykin by dissolving the agricul- tural commission. i The new Premier comes from a no- ble, but not prominent, family of Nov- gorod Province, where his estates are situated. Count de Witte, unquestionably the biggest man in public life here, goes out unwept and unsung znd amid the rejoicings of the regctionaries, who hate him, and the Liberals, who dis- trust him. Yet even today it is pre- dicted that when the next great cri- sis comes the Emperor will be forced to summon De Witte from his retire- ment three years’ lease of property in the Western Addition would be sufficient to buy land of equal dimension in the tusiness center of Oakland. It was the judgment of the commit- tec that proclamations and warnings could not put a check on the specula- ton. An incident was cited where one man received a bonus of $20,000 for a lease recently taken. Real es- tate men say that merchants will be forced back to their old locatigns in the burned district by the greed and avarice of land owners west of Van Ness avenue. The danger of a money panic is gone. Seventy per cent of the money offered to depositors yesterday and the day before remains at the Mint. The gratifying report was made to the General Committee yesterday that water had finally reached the dwell- ings on Presidio Helghts. A definite statement touching conditions at the great storage reservoir in San Mateéo County will probably be presented to the General Committes today by Chairman Dillman of the water com- mittee and the water expert of the Fire Department, . TELEGRAM OF PARDEE | READ IN THE SENATE Presents Petition Relating to ‘This State’s Claims. r—— Question of Aiding San Francisco Is 3rought Up by Newlands. WASHINGTON, Muy 2—At the be- | New York Herald, containing headlines, nning of today’s session of the Sen-| “One Hundred Millions for San Fran- Perkins ! :te Perkins presented a telegraphic pe- | cisco,” and stating that “Senator New- tition from Governor Pardee of Call-|lands of Nevada says a huge sum has | fornia for the payment of claims of | been practically agreed on by finan- | that State against the Government, for | clers.” The extract was marked ‘“‘Spe- { the settlement of which bills are now | pending. The text of the petition was as follows: “Will Congress, in California’s pres- ent great need, pass our 5 per cent public lands claim, amounting to about $1,000,0007 Also our war of rebellion clalms, aggregating $4,000,000; also our Indian war claims, originally $660,000, on account of the destruction of $300,- 000,000 of San Francisco property, which represents one-fifth of the as- sessed valuation of the entire State? Our State funds, including mainten- ance of asylums, penitentiaries and re- pairs of public buildings injured and destroyed by earthquake, will all be greatly hampered unless Congress can see its way clear to pass these claims, the justice of which has never been se- riously questioned. We are under great obligation to Congressiaiready, but we., venture to ask for this further ald.” The petition was referred to the com- mittee on claims. NEWLANDS' RESOLUTION. Newlands presented g join* resolution directing the Senate committee on finance and the House committes on ways and means to Investigate the \feasibility of the Government's guar- ‘\anteeing bonds to assist in the rebulld- ing of San Francisco. The resolution recites the recent dis- aster and says that, under the powers of the general welfare .clause of the constitution, Congress should come to the aid of San Francisco. The resolu- tion follows: “Resolved, By the Senate and House Interior of Representatives of Congress assem- 000 in freeing Cuba and $300,000,000 in He began his career in the bled, that the committee on ways and instructing the Filipinos “in self-gov- means of the House of Representatives and the committee on finance of the | Senate consider jointly the various plans for financial restoration of San | Prancisco, and they report to Congress | whether or not it is advisable or prac- jtical for the national Government to ;am in the restoration of San Francisco, | either by a guarantee of credit to the | of San Francisco, which will en- i;fl the city to secure at low rates of interest the money necessary for pu lic works, as well as the money neces- sary for the restoration of the com- mercial, residential and manufacturing buildings of San Francisco, to be loaned at fair rates of Interest to property owners upon note and mortgage, such guarantee of credit to be conditioned upon the approval by a ccmission to be appointed by the President of the United States of the plans proposed and the expenditures madc thereunder; or whether it is practicable or advis- able to promote the organization of a great financial corporation, national or State, half of whose stock shall be taken by subscribers for cash and half of which =&tock may be taken by San Francisco property own- ers for property conveyed tc such cor- poration at an appraised valuation, the cash subscribed to be used either for Joans to individual owners of San Francisco property or to be expended in improving property so conveyed to such corporation, with provisions for the gradual sale of such property after the successful completion of the work of restoration, such plan to involve profit to the stockholders thus co-oper- ating; and whether or not it is prac- tical or advisable for the United States to invest in the stock of such corpera- tion or to make a loan to such a cor- poration upon the lines heretofore pur- sued by the national Government in ald of national expositions for the pro- motion of commerce between the States and with foreign nations. or whether any other plan js advisable or practi- cal for national aid “in the restoration of Sar’ Francisco. “That, whatever plan of aid be ad- vised, a board of national commission- ers experienced in exposition building, to be appointed by the President by and with the advice and consent of the Senate, shall be’included, with such powers of control over both plans and expenditure as may be deemed advis- able.” g Newlands had ruql newspaper clip- »ing. which was an extract from the b- clal Dispatch to the Herald” and bore a San Francisco date. Newlands said he was quits surprised this morning to find this announce- ment in the New York Herald and in other newspapers. “It had,” he sald, “doubtless been given wide currrency by the Associ- ated Press.” He thought a public statement should be made by him in explanation of the article. The Nevada Senator sald the wrong Impression was con- veyed in the headlines over the story rather than in the article itself. Newlands said he offered the resolu- tion without consulting with the Cali- fornia /Senators, feeling that they might be sensitive on the question of asking for aid. While he and those connected with him had been heavy under his resolution if 1t~ come a law. “We propose to recomstruct our ho- tels and finance the matter ourselves,” he said, and added that his interest was due solely to his interest in the Pacific Coast generally. Newlands suld that he thought that as much as $250,000,000 or $300.000,000 would be neceéssary to accomplish the complete rehabflitation of the city. He thought the {nsurance companies would supply $100,000,000 or $150,000,000 and private enterprises also would do much. He beliéved the Government would not be called upon to guaran- tee more than $100,000,000. “A country that can spend $200.000,- ernment, can,” he said, “afford to lend its credit to the extent of $50,000,000 o $100,000,000 to help the Pacific Coast in its hour of distress.” He believed it could be done under the general welfare clause of the con- stitution. | “The coumtry,” he declared, ‘“does not yet know how hard it has been hit by this disaster, for not only has San Francisco been injured, but the entire country is affected.” | Newlands asked for immediate con- | slderation of the resolution. | Flint asked for I!mmediate action, saying that he did not want the peo- ple of his State to be buoyed up by false hopes, which did not appear to him to be good. The California dele- gation, he added, hoped soon to have a_plan of its own for obtaining relief | from the Government. I | “We are asking many things from the national Government,” he said. j“and are not so much concerned whether the millionaires shall have ald in restoring their steel blocks as that we shall receive assistance for the people who are quln‘ for bread {and meat.” ! He spoke of the necessity for the reconstruction of the Government buildings of San Francisco, and said that he and his colleague, Mr. Per- kins, had received assurances from the committees that the bills would re- ceive prompt attention. PERKINS IS DISPLEASED. Speaking for himself, Perkins ex- pressed regret that the resolution had been presented without consulting the California Senators. Congress and’ the country had responded most gen- erously to California’s pleas for help, he said, and after referring briefiy to 1what so far had been done he added that neither the Government, the State of California nor the muwnici- pality of San Francisco had been able t) formulate a request, owing to the fact that neither the State Legisla. ture nor the San Francisco City Coun- {cil had held a session, and he was op- to any action In advance of an offictal request. He had no doubt that Mr. Newlands nad been actuataed by generous impulses, but he felt that if he had consulted With the California: Senators he might have been dissuad- ed from .presenting the resolution, which he considered would most desirable. of' the to the BEAR RAID ON STOCK EATHANGE Enormous - Volume of Liquidation in Wali Street. More Than Two Million Shares of Stock Chaige Hands. NEW YORK, May 2.—An enormous|/Irwin and Sixteenth volume of liquidation was effected in the stock market today. The aggre- gate of shares sold, while far below the ' cents per square foot per annum, with | " record of dealings at the New York | the privilege of renewing the lease for .‘:" ns“;’ma" as the committee Stock Exchange, rose well over 2,000,000 another year at a slightly increased | "P ajor Devol with Mr. ¢ | | | 1 | i i Rail Facilities to Be Provided to Garry on Their Business. Leases Made for a Year, With an Option for Another. By a unanimous vote the wholesale merchants of San Francisco yesterday accepted an offer of the Southern Pa- cific Company for the lease of a tract of land upon which to build and con- duct their business for the next year or two. The cheering announcement was mede also that Wells, Fargo & Co.'s Express had made a reduced rate fer expressage beginning on May 1 and continuing for sixty days, and that company and the Southern Pacific Company would accept checks or due bills from the merchants for freight. The site accepted by the wholesal- ers lies betweén Sixth and Seventh, streets. Tfe raiflroad company agreed to lease this tract to the merchants for one year for the rental of one and iwo-tenths shares and made the day one of the| rental great ones in New York Stock Ex- change history. Very scrious inroads |the upon prices were caused by the vio- lence of the liquidation; but, toward the end of the day, the market showed liquidation accomplished. It was a fleld day for the bears and they operated with great boidness and|mended the selection o that site. on an enormous scale all day. Their . . take. pro; declines of the day was an fmportant factor in the occasional rallies and in the later tendency téward improvement in the market. The heavy shrinkage in market valuations gave rise to the inevitable reports of money diffiuities and added to the uneasiness prevalil- ing about the Stock Exchange. There was no confirmation of these reports and their failure of verification heiped the rebound. The extreme weakness shown dur- ing the day was attributed to the OP- byt had said that it would be be- eration of the same cau<es which have|{ween two and three cents, the differ been of effect for several weeks. It is generally accepted as a fact that very wealthy speculative operators and powerful pools that had persisted m|pose disregarding the warning of the money | hanks had promised to furnish an au- market and in attempting tc hold the!tomobile service twice a day to rin on the largeipany had - offered ~a ‘tract of Chairman Joseph Kirkpatrigk made announcement that the special committee appointed at a previous meeting to seiect a site on which the merchants could do business evidence of the relief afforded by tre|ready to report. M. Trieste for the if; | committee reported th ¢ offer of the Southern Pacific Company and rece He stated also that the Santa Fe Com- square feer, bounded by Indiana, Minnesota, Eighteenth and Twenty- | second streets, and a portion of China Basin, between Fourth, Channei and the bay. The Westetrn Pacific had also made an offer of land in the vi- cinity, he added, but the committee Geeided that the site offered by the Scuthern Pacific was the best. The committee reported further that the insurance underwriters had de- clined to fix any rate of insurance, ence depending upon the water sup- ply, proximity to other hu! dings and the other usual factors. of For the pur- facilitating business the market by maif force were being petween the wholesale district and the lorced from their position and obliged phanks. 0 sell out their huge holdings to ob- tain funds in hand for the reimburse- ment of banking centers which had ad- 'vanced money for use in the specula- ;tive campaign. The manner in which stocks were hurled into the market and also the individual blocks traded i goge gave a strong impression of the di- which were being forced to sell. Another day’'s larg: clearances be- tween the banks reflecied further large financial operations in progress. The outgo of currency to San Francisco, al- though abated, has not ceased, and the incoming gold is not sufficient to relieve entirely the effect of the San Francisco requirements. Intimations of a forthcoming speclal Presidential message to accompany the report of the Standard Ofl inquiry were made something of. Decreases in March net earnings by the Southern Railway, Cleveland, Cincinnati, Chice- go and St. Louis and the Denver and Rio Grande companies made a disagreeable supplement to yes- terday's showings by St. Paul and Louisville and Nashville, notwithstanding the largely increased earnings reported by the Pennsylvania and the Norfolk and Western. Further large declines in the foreign exchange rate indicated a con- tinued call for outside gold. but dis- ' counts hardened, the private rate in London rising to a level with the offi- cial rate of the Bank of England. In connection with the improvement in prices the latter pa-t of the day it was reported that foreign banking in- terests had taken over some heavy blocks of securities, eitker as collateral for advances or for outright purchase. The substantial recovery left no ade- quate indication of the day's net price changes or of the extreme demoraliza- tion that ruled in the market about the middle of the ygession. finance, and that motion prevalled without opposition. He promised that the water front extended the committee would take up the res- lishment of a general depot for sup- | Mr. Sproule of the Southern Pacific addressed the meeting and said that Tirey L. Ford and General Manager Chapman of the United Railroads had promised better street-car facilities in that district. He added that the hern Pacific Company would put in' the necessa tracl I mensions of , the speculative Interests}mr the tnclmal(—iyan of kt.h:l:fh:l::::: ’ business. The site accepted is In such a loca- ' tion that lines of can be laid into Channel street run to salt water for the purpose of protection against fire. “In determining the location and the terms,” added Mr. Sproule, “we have been actuated by a desire to af- ford you the best property available, and terme so low that all can work budhhuwm:mhrthonp— bullding of the commercial interests of the city.” Some discussion followed upon the subject of the wood was about as fireproof as corru- cated iron. Further, there is a good supply of redwood lumber in this city, while the supply of corrugated fron is limited at the present time. Hc estimated. that a redwood build- Company spoke upon the necessity having the belt line of raflway on ‘whole GTER Zsfi gEf E : | B Mr. Sproule then spoke of the dan- ger that the army transports might be sent to. Seattle Instead of San Franciseo, because of a mistaken idea that ship chandlery and supplies could not now’ be obtained at this port. He \feared that if the transports were sent {to Seattle temporarily they would make that their haven permanently. The Sherman, he said, had been al- ready ordered thither, and the Logan, due to arrive shortly, would follow the example, unless some: be done at ence. He had assured Maw jor Devol that San Francisco could furnish all things necessary for the |use of the transport service, and had promised to bring with him a com- | mittee from the Board of Trade to lay the facts before him. l Chairman Kirkpatrick appointerd A. | A. Watkins, S. R. Newbauer and Sam- S. L. Samter read the fo! of rates offered by |Company’s Express |continue for sixty day Open rate from Boston and New York, $10; 500 pounds, $9: 1000 poun: 2000 pounds, $7; 5090 pounds 000 pounds, $5; pounds, From Chicago fo: {85, 37, $6. 85, 35, 34, sas City—$7, $8, 20,000 33.75, $2.35. From nenver-fi' b 3 6330003, g3 50 ARATRET T } It was decided to appomt a com- [mittee to Confer with the bankers’ |committee and the Board of Fire Un- derwriters on the adjustment of msur- ance.| The committee will be appoint- €d hereafter. RED CROSS SOCIETY OPENS A TEMPORARY EMPLOYMENT OFFICE The National Red Cross Society has |opened an Employment Bureau for the i temporary relief of those who have ?been thrown out of work. Dr. Devine has asked the State Labor Commission- er, W. V. Stafford, to take charge of this important branch of the relief work. The labor leaders of the city and many large emplovers who are familiar with Mr. Stafford’s vigorons administration of his office, heartily endorse this choice. s In discussing the present industrial | situation, the Labor Commissioner says: “‘I believe there will soon be work enough for everyone now in San Fram- ciseo, and while, at present, it is quite undesirable that new men come in, ev- ery effort should be made to hold am effective labor force for the work of clearing away the ruins and rebuilding the. city.’” All those desiring work may report it the registration office of the Employ- ment Bureau. Plans are being perfact- ed for enrolling those needing work at | the local relief stations. Classified ree- ords of available labor will be prepared. In this work the Employment Burean will also use the complete system of registration now organized in connee- tion with the issuing of supplies. Everyone realizes that San Franciseo has less use for idlers than ever befors. {It is believed that the mass of our self- respecting working people will quickly javail themselves of every possible op- | portunity to get back to a self-support- |ing basis. As the work progresses, some machinery will be perfected for convineing loafers that ‘‘he who will |mot work may not eat.”” It is recog- pized that many men will find it im- possible to work at their own trades. Tt be necessary for them to with whatever they can find to do, i | order to earn a living during the period of readjustment. All those able to furnish employment: ‘are urged to send in their orders at once. Every effort will be made to put them in touch with those needing work i pplications may be addressed to the RED CROSS EMPLOYMENT BUREAU, Fillmore and Hermann Sts., San g FEDERAL TROOPS ENCOUNTER ROVING BANDS OF PULAJANES