Los Angeles herald., 1890-04-13
NATIONAL BANKS.
The Four i'm Los Angeles
Are Solid.
Deposits of Very Nearly Four
Million Dollars.
These Institutions Manifest a Very
Encouraging State of Business.
The First National, Los Angeles National,
Southern California National and Cali
fornia National Bank at Los Angeles.

Los Angeles has four national banks.
In their order of founding they are :
The First National, the Los Angeles
National, the Southern California
National and the California National at
Los Angeles In the order above given
they are located as follows The First
National on North Main street, near the
junction OF Spring; the Los Angeles
National, northeast corner of Spring and
First; Southern California National,
southwest corner of the same streets,
and the California National ON the north
east corner of Spring and Second.
These four financial institutions have
combined capital of nearly million
and half dollars their deposits amount
to nearly four million dollars and their
cash to nearly three-quarters of
million. The following data concerning
each bank separately will be found to be
Of interest to those doing business in
this city:
Southern California National Bank.
The Southern California National Bank
is comparatively new institution, hav-
ing been in business only three and one
half years, but in that short space of
time it has forged ahead until it has
gained the front rank among the mon
eyed institutions of this city, and, not
withstanding that there have been four
new banks started during the past year
within block of this one, yet the i1fsti-
tuition has continued to make friends
and gain customers, its books showing
= of htrtxv
cent. above that of one year ago. This
continued growth and prosperity is ac-
counted for to some extent by the
TACT that the officers and employees are
always courteous to customers and at
tentive to business and spare no pains
in trying to accommodate and please
their patrons. The officers and Board
oi Directors are we'll known to be not
only careful and conservative, but ener-
yetic and successful business men, who
in connection with its stockholders rep
resent a capital OF over seven millions OF
dollars. The official statements of this
bank have in every instance shown from
As to go per cent. of its deposits on hand,
and in addition to the semi-annual divi-
slends paid regularly to it's stockholders,
ii has accumulated over $4,000 in un-
divided profits.
Great credit is due this bank for the
manner in which it maintained the
credit of the city of Los Angeles by
pnrchasing all of the per cent. i'm
provement school bonds offered for sale,
paying therefor premium far in excess
of any other bid. AS to the solidity of
the institution, the following statement
of it's condition, made at the close of
business March 81, 1890, will speak for
itself:
officers and Directors-L. N. Breed president:
William F. Bosbyshell, -vice-president c. NJ.
Flint, cashier H. 2. Newell, Thomas Goss,
Charles E. Day, NJ Aagan, H. A. Barclay, D
Remick, A. W. Richards Frank RAIDER.
RESOURCES.
Bills receivable 1857 ,263 55
United States bonds ............... 59,750 90
Real estate, fixtures, etc. ..... 800 90
Due from ha banks. .'..''.' 199'So9 1927 3o9 20 80
taSh on nand d.................,..... lOo,OOZ 4S
$6s3, 1895 Al
sGrpius,and undivided profits ~ 21,57o.52
Deposits, NEUTRALITY-SUSPICIOUS.. 4l7,3Z4 81
s6s3, ,s95 Al
The Los Angeles National.
The Los Angeles National Bank is
officered as follows: Major George H.
Bonebrake, president; John Bryson, ST.,
e-president; F. c. Howes, cashier
The directors are: w. G.. Cochran,
Perry M. Green, H. Sinsabaugh, Colonel
FL. III. Markham, +. G.. Howes, John
Bryson, Sr., and Major George H. Bone
brake.
The resources of the bank February
2S, 1890, were as follows:
RESOURCES.
Loans and discounts s.............. 1868 ,4O3 SO
Expense account. .......... 6,134.71
Banking house and fixtures - 173,7s444
Government Bonds .S50O,O0000
Due from Banks ..... 329, 1886
Cash on hand. 346, ,3S3.O7
1,176, ,146.73
Total. 50, ,224, ,469. 40
LIABILITIES.
capital 100000. 90
Surplus 10000 90
Undivided profits. s....... 14,O49. SO
National bank Notes outstanding. 90
Deposits s................. $50 O,419. 80
Total OBSERVATION-DISCLOSURES. $Z,ZZ4 ,4o94O
The bank is the United States deposit
tory in this city, and is also the treasury
for the local business of the Santa Fe
Railroad Company.
the attractive features presented by this
bank in asking for the confidence and
business of the community. Its splendid
record for the past six years, since it was
founded; its past phenomenal success
the character of the men in the direc-
torate, and especially the well-known
capability of the head of the bank
these facts are all we'll known and thor
oughly understood. All the gentlemen
connected with the bank have been Of
sans community for the past ten or fiji
teen years. They have occupied most
conspicuous place in the eyes OF the
people, and their business career has
been marked by so much integrity ane
success that nothing can be added t.
their record The bank is an index o
the past prosperity of the city, and {
principal guarantee for the same in th'
future. It is ready to aid in all legit
innate enterprises for the benefit OF thi
section, and will in all time prove to b.
prime factor in the development OF it
rich resources. These, however laten
they may be at present, are well under
stood by the sagacious men at the hea'
of this bank.
raIi ornfa at Tn