Los Angeles daily herald., 1889-10-20
THE BUSINESS OUTLOOK
1t is Improving at All the
Cardinal Points.
A NEW BANK AS AN INDEX
The National Bank of California and
it's officials Bespeak Confidence
in the City and County.

an opinion about the financial and indus.
trial situation of the city, it is generally,
yes universally, conceded that things are
better and improving. One of the bank
ers said the other day that the business
of his institution was more than holding
its own in spite of the fact that new
banks are springing up from time to time.
A reference to the National Bank of Cal.
ifornia, recently opened in the new and
handsome Burdick block, at the corner
of Spring and Second, recalled that in
stitution to the mind of the reporter. A
city where large blocks of solid brick and
m rtar are going up, where fine resi-.
dences are being built, where new enter
prises are set on foot from day to day
can hardly be called dull. Where new
financial ventures are being launched by
men OF large experience and of conserva
tive views, there must be great conf
dence felt in the future. Judging by the
influx of new people into this city. the
substantial character of the business
blocks being erected the elegance and
cost OF the residences that are building
and the number of banks founded, it is
evident that Los Angeles is destined to
be one of the most important centers
not only of population, intelligence and
refinement, but one of the leading seats
of wealth and of financial operations in
the country. So true is this that at the
next session of Congress the most vigor.
Gus measures ought to be resorted to to
have this made center of redemption
for National banks. The section needs
this, and the magnitude of its financial
Los Angeles out as the coming metropolis
Of the South west Coast.
These times are called dull here, yet
right at this time there has been opened
the National Bank Of California, in a
new block, the Burdick, which for beauty
of design and solidity of construction
could not be surpassed on the Coast.
The sagacity of the managers is we'll
illustrated in their selection of this place
for their business. For, besides the com
fort of their banking rooms, they had an
eye to the fact that they are in the very
center of business. This corner is now a
very busy spot, and in few months it
will be far the most SO in the city.
That the bank has come to stay is we'll
proven by the way the banking rooms
have been fitted up. 1t is not extrava-
gantly done, but it is done with excel
lent taste and with perfect knowledge of
the uses to which the place is dedi-
Gated.
The President ia Colonel John M. G.
Marble, gentleman of very consider
able experience in financial affairs,
especially as relates to banking and rail.
reading. Colonel Marble came here
from Ohio, his banking career starting
there with the establishment of one OF
the earliest National banks organized in
that State, and all the banks with which
he has been connected in all ways in
active management have proved emin.
emily successful both as profitable in.
vestments to the shareholders and in.
huence in developing the locality where
situated. Mr.. Marble, 30 widely and
favorably known at the East, comes &c
Los Angeles to make it his future home.
He has established his family in very
pleasant quarters at the corner Of
Figueroa and Dana streets.
Owen III. Churchill, the Vice-Presi.
dent, came to this country few years
ago from Montana, where be amassed q
fortune in the cattle business, to spend
his remaining days. He also has built
himself fine home on Figueroa street.
He is one of those careful, conservative
men that could keep cool even in the
Los Angeles boom, and as a result
through the boom and through the de.
preston he has been large lender all
tho fivno IF hfu rryao1fh T.
man of fine and correct business percep.
tions, esteemed by all who know him Of
a man of undoubted honor in whom
the greatest confidence can be placed
DR.. W. L. Graves has recently come
here from Fresno, where he had
amassed fortune. As President of the
Farmers Bank of that city he built that
institution up into the leading bank o.
that part of the State. The Doctors
wide business experience makes him
very valuable to any institution with
which he may be connected. He comes
to this city to make it his future home
having built a very fine mansion on
Pearl street.
Hon. Thomas R. Bard, long a resident
Of California, and identified with it's de-
veiopment, is 80 we'll known and
highly respected. that it appears super.
fiuous tosay more than mention his name
His appreciation in financial circles il
well indicated by his being President Of
two banks in this part of the State, Pres
ident OF the Ssspe OIL Company, aud
one OF the leading splits in oil produc
ton in Southern California; large
owner of valuable real estate, and one oil
the best known and most substantial
men, one whom it is always pleasure
to meet. His home is at Hueneme, Ven.
tura county.
M. IL. Sherman is of Phoenix, Arizona
General Sherman is comparatively a
young man, but he has created quite 8
fortune and business name for himself ia
that Territory. He is personally and
favorably known to nearly every man,
woman and child in Arizona. The Vice.
President of the Valley Bank of Phoenix,
an owner in several other banks
q large owner in choice real estate, street
railroads, water rights, cattle, and quite
. lender Of money for his own account on
mortgages, he is one of those live, ener.
getic men that are blessing to any com.
munity.
Captain George E. Lemon, of Wash.
ington, D. c., is very prominent attor.
ney and leading capitalist of that city,
the proprietor of the National Tribune,
q paper of great influence and excelled
by few in its circulation, q member oil
the New York Stock Exchange, an active
and Influential spirit in the Grand Army
of tie Republic; few men have achieved
0r0at0r aIlccaHa or aro vooro xu;dalu -