The spirit that was San Francisco's following the terrible calamity of April 18, 1906, when the city was shaken to its foundations by a great earthquake, and when uncontrollable fire completed the ruin and devastation which the earthquake had begun, has been the spirit that has planned and is carrying to a successful culmination the Panama-Pacific Exposition. The San Francisco earthquake came as the most terrific blow that ever descended upon an American city. It left the metropolis of the Pacific a mass of ruins and ashes. In five years a newer and a prouder San Francisco arose from the ashes of the old, and greeted the world as the highest example of municipal greatness to which a community can rise at times when nothing is left to man but hope, and that hope is half despair. The fire destroyed 8,000 houses, leaving such a hopeless mass of débris that $20,000,000 had to be raised to reclaim the bare earth itself. In five years 31,000 finer and better houses had taken their places. Assessed values before the fire were $30,000,000 less than five years after. Bank clearings increased by a third and savings-bank deposits were greater after only five years than they were before the terrible catastrophe. It may be imagined what wonders this spirit of the Golden West will accomplish when applied to the creation of an exposition. It is easy to forecast that, beautiful as have been the expositions of the past, and magnificent as has been the scale upon which they were planned, fresh palms will be awarded to San Francisco and the great fair it will offer to the World in 1915. The city of the Golden Gate was planning a great celebration nearly two years before the calamity which overtook it in 1906. The first suggestion for holding a world's fair at San Francisco was made on June 12, 1904, when Mr. R. B. Hale wrote a letter to the San Francisco Merchants' Association advising its members that it would be wise to take steps toward securing for that city a great celebration of the 400th anniversary of the discovery of the Pacific Ocean, in 1913. The matter was agitated for a year and a half and, a little more than three months prior to the earthquake, Representative Julius Kahn introduced in the National House of Representatives a bill providing for the celebration of the discovery of the Pacific, in 1913. Then followed the great catastrophe, and for the eight months next ensuing the problems of planning a new and greater San Francisco demanded all the attention of the people of that city. In December, 1906, however, the Pacific Ocean Exposition Company was incorporated with a capital stock of $5,000,000.