CALIFORNIA. SAN DIEGO. 7% First Mortgage Gold Bond of $1000. brown, green. No 77. Folds. Inc. 1889 to take over a failed electric street-car service. Worked a single track from Sixth Street to today's Mission Cliffs Gardens. But in 1891 a new electric streetcar company, the San Diego Electric Ry Co. was formed, and gave very strong competition. The cable company's bank failed in 1892, with the cable company itself then being declared bankrupt. Vignette of a cable-car with San Diego in the background. Only two of these are known since many years.