Los Angeles herald., 1890-04-13
LIABILITIES

Deposits ............ ............ S163,46S 79
Circulation. OBSERVATION-DISCLOSURES. $4,000 90
Capital paid in. in...................... 243,60O 90
s452, ,06s 70
Growth of Business Since Organization.
iSn hand d.. Deposits Total assets
Sep. 50 ss6,195 so s 63,24o &c s21s,9s5 Is
Dec: ii sl44,2s2 75. s1s4,5o7 95 ssso,357 o5
Feb IS si64, 1862 81. .s16s,46s 70 s452, ,o6s 79
At Date of Issue of this Statement.
Mar. 13 s196,357 II. s1S2;922 ~. s475,3S9 80
BOARD OF DIRECTORS.
Owen Fl. Churchill, capitalist, Los An
geles, Cal. Thos. r. Bard capitalist
and president Bank of Hueneme, Hue
meme, Cal. Gen. M. H. Sherman, cap
italist and vice-president Valley Bank,
Phoenix, A. T.. DIR. w. l.. Graves, cap
italist and late manager Farmers Bank,
Fresno, Los Angeles, Cal; Capt. Geo.
E. Lemon, capitalist, attorney at law
member New York Stock Exchange and
proprietor National Tribune Washing
ton, d. c.; Major E. F. G. Klokke, cap
italist and late clerk of Cook county, Ill.
! (Chicago), Los Angeles, CAL. Dan Nc
Farland, capitalist, Los Angeles, Cal.
Fred Eaton, City Engineer, Los Angeles,
Call; Perry Wildman, OF Wildman &
Co., merchants, Florence, A. T., Los
Angeles, Cal. w. G. Hughes, of Ray
mond Improvement Co., Los Angeles,
Cal. j. NJ. G.. Marble, late president
Van Vert National Bank and Cincin-
natl, Jackson and Mackinaw Railroad
Company, Los Angeles, Cal.
STOCKHOLDERS
Owen H. Churchill, N. P. Conrey,
Fred Eaton, w. L. Graves, W. G.
Hughes, Ross Hanna, E. F. c. Klokke,
Mrs. E. Mcfarland, Dan Mcfarland, j.
M. G. Marble, L. G. Neustadt, VIM.
S. DeVan, N. w. Stowell, John Wolf
skill, Perry Wildman, Los Angeles, Cal. /;
George Irvine, Santa Ana, Cal. Thomas
R. Bard, Hueneme, CAL; Helen S.
Flora, Rivera, Cal. George G. Hagar,
Orange, CAL; G. II. Rhodes, Pasadena,
Cal. Charles G. Muller, Chicago, Ill. !;
M. H. Sherman, Phoenix, A. t.; George
f. Lemon, Washington, d. c.; w. A.
Jacobs, Oakland, Cal; Avery S. Walker.
The intelligent business man has but
| to cast his eye over the above figures
and facts, contemplate the names, char
acter and careers of the gentlemen at the
head of it's affairs, and who own stock, to
be fully informed of the status of the
bank. They are men of national repu-
tation, who bring to their business the
ripest experience. The officers in the
immediate control of the bank and who
direct its course are Colonel j. M. G.
Marble, president; o. II. Churchill,
vice-president; w. G. Hughes, cashier,
and Perry Wildman, assistant cashier.
Their qualifications for their positions
and their standing in the financial world
are so thoroughly understood, that
words can add nothing to these things.
The First National Bank.
And now the oldest of all the National
banks in the city is reached. Founded
before the ''boom" began, it ran its
course through all the exciting times Of
that great episode, and came out at its
end stronger at all points by many times
than when it began. The conservative
course pursued by its officers took
shrewd advantage of that remarkable
era of growth without at any time being
caught in the whirlpool of the excite
ment to cents worth of detriment. 1t
is today under the same officers and di-
rectors that it was opened under. They
are: Hon. e. F. Spence, president /;
Colonel J. D. Bickneii, vice.
president; J. M. Elliott, cashier.
The directors are VIM. Lacy, J. F. Crank,
S. HI. Mott, Hiram Maybury, j. M.
Elliott, J. d. Bicknell and E. F. Spence.
The capital stock of the bank from the
beginning has been 100000, and it now
holds $2O5 900 reserve. Its deposits are
among the very heaviest OF all the banks
in the city, and it's list of depositors is
immense in magnitude and embraces
very large proportion of the heaviest
business houses. In conversation with
a HERALD reporter yesterday, Hon. Z. f.
Spence, the president of the bank, said /:
Business is improving at all points.
The financial position of our people is in
remarkably healthy condition. The
effects of past over-trading in realty
are nearly all thing OF the
past. Ali those who went in a little
too deep have made satisfactory adjust
ments OF their matters, and are now
easily situated.
We find our list of depositors larger
than at any previous time in the history
of the bank, and the amount OF cash
and deposits is larger too. We are not
allowed to loan our regular deposits,
being national bank; but there is a
great deal of money sent us in special
ways to be put out on interest and our
customers use us to negotiate large
loans for them. l think there is
less demand for money now than hereto
fore-that is, where the security is
ample, and we do not touch any other
class of business. Indeed it is little
difficult just now to place a great
deal of money in a desirable
way. Yes, the rates of interest are de-
cidedly easier than they were. Yet at
no time did encourage our patrons to
exact excessive rates for their money.
1t is better to be satisfied with more
moderate interest, and to exact abso
lutely ample security for your money
with good certainty of the notes being
taken up when they become due.
AS to the future of the city and sec
ton, you know 1 never had the leas
misgiving. 1 have more confidence now
than ever. The section is marvellous il
it's resources. The city has position
that is enviable, and both city and sur
rounding country must continue t.
grow. We have helped in the past tt
develop the resources OF this section
and hope to do so in the future. w
have a very large business with England
in the line of regular banking This We
find growing, and to be very salts
factory"