434 HISTORY OF PASADENA. 



" PROPOSITION FOR A STREET RAILROAD. 



"It is proposed to incorporate a company with a capital stock of 

 $50,000, divided into 500 shares of the par value of $100 each, to be known 

 as the ' Pasadena Street Railroad Company.' for the purpose of constructing 

 and operating a street railroad on the following line, to-wit : commencing at 

 the junction of Orange Grove Avenue and Columbia street, and running 

 thence east to Fair Oaks Avenue, north on Fair Oaks to Chestnut street, 

 east on Chestnut to Summit Avenue, and north on Summit Avenue to Illin- 

 ois street ; and such other lines as the corporation may deem desirable. 

 Signed : S. Townsend, Williel Thomson, Ward Bros., R. WilHams, H. F. 

 Goodwhi, J. S. Mills, P. G. Wooster, Samuel Merrill, T. P. I^ukens, Chas. 

 A. Gardner, J. H. Painter, N. G. Yocum, J. G. Miller, A. O. Porter, B. W. 

 Bates, Geo. E. Meharry, M. J. McCall, E. C. Web.ster, D. R. Risley, M. W. 

 McGee, G. Roscoe Thomas, J. Banbury, Byron O. Clark, H. W. Magee, 

 E. H. Michener, P. M. Green, James Smith, John Allin." 



On February 18 they met again and organized the company by electing 

 Stephen Townsend president, and Frank M. Ward .secretary. And the 

 county records give February 18, 1886, as the date of their incorporation. 

 Then the Valley Union of February 19, said : 



"The proposed street railroad from the college to Illinois street via 

 Fair Oaks Avenue is now assured, $22,000 of the $50,000 capital stock 

 being already subscribed. The directors for the first year are S. Townsend, 

 Williel Thomson, Frank M. Ward, R. Williams, P. M. Green and" P. G. 

 Wooster. The iron is ordered, and two miles of the road will at once be 

 built from the postoffice to Raymond station." 



Yet, of all the twenty-eight names signed to the above " Proposition," 

 and counted for stock .subscribers in the Union's report, only seventeen ever 

 actually took stock as propo.sed ; and this being the first bona fide invest- 

 ment of capital for the construction of a .street railroad in Pasadena, those 

 seventeen form a historic roll of honor, as follows : 



NAME. SHARES. NAME. SHARES. NAME. SHARES. 



S. Townsend 10 G. Roscoe Thomas... 10 Chas. A. Gardner i 



Frank M. Ward i P.M. Green 5 A. O. Porter 5 



H. F. Goodwin 5 John Allin i M. W. McGee 5 



T. P. Eukens 2 Williel Thom.son 32 II. W. Magee 2 



N. G. Yocum i R. Williams 10 James Smith 3 



E. C. Webster 2 P. G. Wooster 5 



Total, 100 shares subscribed, or $10,000 of the propo.sed stock; and 

 with this the work went on. The first cost of construction of the ultimate 

 entire line, including rolling stock, horses, barns, etc., was $20,300 ; but 

 $1,000 was afterward added; and stock was issued for the whole amount. 

 The first section of the road was completed in September, and the Valley 

 Union of October 2 gives the following account of the opening ceremonies : 



" Thunsday, the 30th of September, 1886, will be referred to in after 

 years as the day on which the first street car line in Pasadena was opened 

 to the public. At twelve o'clock, over fifty invited guests of the projectors 

 of the line as.sembled at the car stables to participate in celebrating this, the 



