"San Francisco has had about enough industrial warfare. The city wants peace, lasting peace. No sane man wants a fight to a finish between labor and capital, or if he does he is San Francisco's enemy. The adjustment of the iron-workers' strike is a hopeful sign. It points the way to an end of all bitterness and contention. It augurs an early return to the harmonious relations of those who earn and those who pay wages, relations which are essential to the progress and prosperity of any community. It is the best news of this stormy, stressful month." [240] The following, issued on May 17, is a fair sample of the statements which Mr. Calhoun gave out during the period of confusion in San Francisco, in the spring and summer of 1907: "To the American People--The newspapers of this city published yesterday afternoon and this morning contain sensational statements purporting to give the testimony of Mr. Abraham Ruef before the Grand Jury yesterday afternoon. It is alleged that he confessed that the United Railroads, through some of its officials, bribed the Supervisors to grant the permit for the overhead trolley over certain of its roads. I do not know if Mr. Ruef made any such statements. If he did, they are untrue. I repeat with renewed emphasis my former declaration that no official of this company ever bribed any one, authorized Mr. Ruef or any one else to bribe anybody, knew of any bribery, or approved of any bribery. "I charge the Prosecution with having prostituted the great office of the District Attorney to further the plans of private malice in the interest of a man who organized the Municipal Street Railways of San Francisco on the 17th day of April, 1906, the day before the earthquake and fire with a capital stock of $14,000,000, of which $4,500,000 were subscribed for as follows: Claus Spreckels subscribed $1,900,000, James D. Phelan subscribed $1,000,000, George Whittell subscribed $500,000, Rudolph Spreckels subscribed $1,000,000, Charles S. Wheeler subscribed $100,000. Ten per cent of the amount subscribed, or $450,000, was paid in cash, as shown by the affidavit of the treasurer of the company, James K. Moffitt, duly filed in the County Clerk's office.