The sun., 1878-07-24
CALIFORNIA; GRAIN KING.
ONE MAN CONTROLLING HALF THE
CROP or THE P4CIFIC COAST.
where Brains brought - Fortune-The In
terestina History OF Isaac Friediander's
I.ife-An Alliance with william &. Raiston.


Life-An Alliance with william G. Raiston.
gpom IN, san Francisoo CAL
Isaac Fricdlander was born In Oldenburg,
Germany. In 1898. He is dead at the immature
age Of 54 While n child he was in New York.
His life was an education. hut the preiminares
OF II he had to certain range. and he had little
time to dream. Ho was soon at the desk. and
after few years in New York he migrated to
George and then to South Carolina. The wife
whom he has left in mourning he married at
Charleston. and In that city his career was 80
promising that he had determined to stay
there. California was. however. redscov-
cred in 1S4s. He arrived here in July.
ls49 Like so many other pioneers Friedlander
had his experience in the mines For nearly a
year he toed on the sand bars Of the Yuba. and
when floods and distress drove away the CRADLE
rockers he returned to San Francisco He made
his mark as speculator in 1852. A combna-
zion was formed TO control the -four market.
Importations were brought from Chile and from
Richmond. Va. and the price OF flour jumped
from So to over 800 barrel But IN the follow
ing year cereal planting became general in the
than Was s %ers aso built and
the corner was spread out to such an extent as
The result was probably loss. About this time
Eriedlander built the Eureka Mills. at North
Beach. near Meiggs's Wharf.
As director in the grain market h e was little
prominent. however. until 1884. The State up TO
port % In fs5e or Is 1887 and Fredander proiected
Australia. The products Of the State kept on
market WAS consdeTed s der des some dealers % inclined
TO the opinion tnat all the market the State need
EXCEEDED the demand New YORK YORK would send h she
grain abroad, FgiedlSnder gra,sped the true true
the Eastern States would grow more than was
reauired for home c9nsumption that Cali
New ea Yol as .sa SsS Sa SS ony pon t e
be determined was the best market abroad He
foresaw that England would form our market.
and he began to organize an exporting busi-
ness in that direction From the date OF that
conclusion he concentrated his attention upon
Judged. California Wheat mixed we'll with tho
and in a few years English shipping had SUI
prcmacy. and his reputation rs an exporter
amerchant. The grain trade Of California was
diverted to England-the principal OF tho few
coTptries that drain the world for breadstufs
poets. and in about s6o there was almost e cer-
Sre To meet the expece Fried
lander. in computation with others. arranged
goes resulted prohtably. -four being at $i9 TO
sl4 barrel, butt crop OF the State was un-
there was loss. I aoar S falling as low as IS bar bar
rel. This was the second great reverse OF
Friedlanders business life. The venture up
cially. He sought month or two OF repose, and
visited Victoria. accompanied by his daughter
trade. and good crops resuscitated his fortunes
Until the crash caused by the, suspension
ed. When the bank transferred business 70 the
corner OF Sansome and California Friedland-
Which cOnnued in nt%atc Tasnss ss'Sn rs
lstionshp until the bank stopped payment and
hsn THs were SS the
tial relations with the banker were advan-
tageQus. Grain-sowing was on the increase In
and profitable. and Friedlander secured the
control OF grain moving by knowing more than
anybody else what was needed abroad. by
having almost monopoly Of charters. and by
About this time he established agencies
posted Systematically on the agriculture OF the
State; He varied his commercial tactics with
prices he offered Tor the harvest. were
troll was considered 'burdensome. II not rapacl.
GUS He had competitors; but more than half
the. field to the port OF delivery. Lattery he
had MorRan's Sons TO oppose him. backed by
venture by Moran SONS is well o En9wn TSSt
movement WAS disastrous to both firms, al
though Friedlander held on and the other firm
suspended. Walcott and Friedlander had u
hard struggle for supremacy. the former back ed
by the London and San Francisco Bank, anxi-
GUS TO share the exchange business. and the
latter backed py the Bank OF California anxious
10 retain IT, Freights were run up TO figures
paid but in spite Of the great re crop sp in the
year Of the crisis. the house OF Morgan's Sons
Prior to this period. Friedlander invested
largely in Southern section lands in association
with W. H. Chapman and others. These lands
Quin Valley. 1t must be said that Friedlander
did what he could with his capital and credit to
and he projected the Kings River Canal. but all
such enterprises have not yet ended in proht.
d nTRs sneFe bs nature Ss h
his Indebtedness 10 the Bank OF California and
the Nevada Bank. The suspension OF the Bank
Of California was serious blow TO him.
friend he said at the time that II the bank
upon for more than $40, 900. but when the reck-
onnR came, he had to clear himsefty atrans-
fer OF his land speculations. and. after a short
run OF accommodation with the London and
Ban Francisco Bank. he succeeded. on his land
10 taa an baSS s aSherea T S N
since. His last business reverse occurred a
year ago. The Bank of California and the Ne
vada Bank took his securities IN land as salts
faction for their secured advances. and the un-
secured creditors obtained twenty-five per cent.
Il Is understood that he was absolutely released
In his chartering Of vessels and in the pur-
orders from Shipping firms. His engaeements
game mainly from the firms of Faulkner, Bell
saiour SIh5e bis CO. ana Dickson ba s DE
somewhat askance terms with the first named
hrm but IN business OF such magnitude he
undoubtedly both chartered vessels and pur-
chased grain TO some extent ON his own ac-
count. and probably shipped a few cargoes for
orders. He would in all likelihood have wealth
cred his last setback had the Bank OF Califor-
MIA not suspended.
Fortunes were made and lost in speculation
by Friedlander. The firm to-day Is believed tC
be sound, There are a number OF ware
houses in the State at the principal grain cen,
tres. and 1t is said that there is an insurance o
tl00 900 on Friedlander's life.