Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1890-12-31
slcRlHEHlo's BUSINESS.
THE OLD YEAR WAS A GOOD ONE,
AND THE NEW PROMISING.
Views of Representative Business Men
sacramento's Trade Prosperous and
Expanding-The New Year.

Views of Representative Business Men
sacramento's Trade Prosperous and
Expanding-The New Year.
There is very often disposition in some parts
to talk of times being hard when in fact they
are not. Financial difficulties in the East
give some people the excuse for fearing that
there is responsive stringency at home
While naturally enough Eastern ccmplica-
ions might be felt here, as matter Of fact Sac
ramento has during the past year pursued
safe, steady and satisfactory business course
has expanded the volume ana area of her
trade, and improved its quality not little.
This has been due to the causes that have 80
long held Sacramento in an even balance,
neither speculatively -elated nor too busily
pushed by trade. The centrelity of the city
its rapid transit connections with the interior;
the smaller amount of fixed capital required
behind business; the maintenance here of
great industrial works by the Southern Pacific
Company; the established commercial grooves
of thirty years; the climatic advantages of the
location; the richness of the valleys and foot
hills trade related to the city-ail these, with
some minor advantages, and the enormous
fruit trade of each year, combine to make Sac
ramento one of the safest business places in the
country.
It may be freely admitted that ours is not a
city of speculatiors; hence real estate has not
huctuated by booms and special events II held
: IN 1880 good even value, such as one pays for
property he wants to. use; money, with its chan
nels guarded by five safe banks, has not been
stringent; there has been plenty to loan, and
interest has not been advanced beyond the
nominal. Business in nearly all lines, whole
sale and retail, has been good, and merchants
confess their satisfaction. Labor has been EN-.
ployed steadily, and while in some directions its
hours have been restricted temporarily, as the
season Stacked, industry's arm has been
busy one in 1880 in Sacramento, and the wage
output has at no time ceased in any line of bust
ness or manufacture ia the city.
These are not mere concentrations. They are
specifications, indeed, and are drawn from a
long line of interviews held with representative
business men of Sacramento, a few of which in
terviews we print herewith Now, these gen.
tlemen are either subscribing deliberately to
untruth, policy that could not be concealed,
or Sacramento in 1890 had an extraordinary
good year. She did very large business; she
got new customers; she entered new and more
distant fields; she commanded commercial or
ders from new trade areas; she augmented her
former trade, and the new she acquired was of
the first character-gilt edged l. is wholly I'M
likely that these merchants would paint too
rosy pictures; they know that the truth wears
longest and best; that Sacramento cannot be
doomed by breath, nor crushed by frown.
q n a
with full reliance upon the accuracy of the
Judgment expressed, and that is that Sacra
mento has not only had good year in 1890, but
that the promise ter 1891 is even better than the
bes. we have yet had.
THE REAL ESTATE MARKET.
Edwin K. Alsip of Alsip & Co.: ''The out
look is much brighter than that of a year ago.
Our business is constantly improving. and fu-
ture prospects never looked more encouraging
The money market shows every indication of
strength. More grain has been seeded than for
years past, and this tact alone will naturally be
w.D. Lawton, of Brand, Lawton, Barnett d
Co., said THE outlook could not be better
The farmers are putting in every acre, and great
greatly strengthen the real estate market. l do
considerable travelling and can vouch for this
statement. The weather has been entirely
favorable for the farmers"
E. A. Crouch, Of w. p Coleman d Co., reports
vast improvements in every direction. The
city is free Of access from every point. Their
past year. While the winter of year ago
tended to create discouraging impression,
the past few months have rendered the dealer
and buyer many advantages, and the future
outlook is excellent
B. Leonard, of Leonard & Sons Business
has been generally better, and can be con-
sidered as having tendency to increase. From
present indications we are on the eve OF pros
porous year"
THE BANKS.
D. D. whitbeck, Cashier of the Farmers and
ManhontQef iE nrnr az in liz dam
Stration of approval regarding the business
transacted by this bank during the three
months of its career. Since the incipiency of
its organization the encouragement given has
been far beyond the expectation of those inter-
ested in its welfare. The outlook is irst-class
A. Abbott, Cashier of the California State
Bank. states that their business has never been
better. and the prospects for the coming year
very hattering. He considers the grain product
one of the utmost importance and is highly
pleased at what he deems will undoubtedly be
the outcome in that direction. More grain will
have been raised than in five years past and
the wheat crop better than that ever known
There will also be an increased acreage in fruit
trees. These facts cannot but demonstrate our
Colonel E. r. Hamilton, Cashier of the sacra-
mento Bank, decidedly expressed his opinion
that the future of Sacramento was never
brighter Business at the bank is constantly in
creasing.
Hon. Vim. Beckmsn, President OF the people,s
Bank, reiterates statements msdc By the CASH
Ter, to the effect that business is steadily in
oreasing, and they have every reason TO pro-
claim their entire satisfaction. Money has been
plentiful while many have expected a tight
ness. He could predict a prosperous future.
s. Prentiss Smith, of the National Bank of d.
y. Mills d Co: Ever since the concentration
OF taxes we have had an active demaat; hnt the
source of supply has been good. The CONNER
cial interests have not suffered from any tight
ness OF the financial market, as our banks have
always had sufficient capital on hand TO be lib
eral and at the same time judicious. Our prin-
cipal interests are devoted to Sacramento and
N IncrR Al.
side. Our banks have not felt any strain on &C.
count of the recent Eastern stringency. think
the wholesale merchants of Sacramento will
rank with those OF any other city. so far as en-
terprise, intelligence and energy is concerned,
and none are carried by Eastern or foreign cap
ital. Our business is entirely satisfactory
JOSEPH THIEBEN,
OF the Thieben Crockery Company, said: "As
commercial representative / have travelled
throughout California for the past seven years.
When in search for desirable location in
which TO establish myself. Sacramento was my
nrst choice, and accordingly on the LIST day OF
February last located in your midst, ana can
assure You that am more than pleased at the
turn OF affairs. Business for the past year has
been double that ever attained by our predeces.
sors, and will compare favorably with that done
by any house in San Francisco in the same line
The holiday trade has been far beyond my ex-
pectations, and the country business surpris.
iugly good, considering the fact that we have
made no effort in that direction. am so well
convinced of Saeramento's bright outlook for
other city as trading point, that we have
already ordered an immense addition TO our
soek, ana viii increase facilities in every di-
rection."
l. i. LEWIS,
OF l. L. Lewis & Co., says that, admitting that
the first few months of the year were dull, they
have enjoyed most liberal share of patronage
ana that this years business will compare IA.
yorabiy with any in the past. Their fall trade
has been better than ever before. The future
prospects could not be brighter as indications
sacramento as the future center of Commercial
trafnc. ana eHphaticalfy expresses the OPINION
that IN year or two she Will hold the same DO
sition toward this end of the State that Los An.
geles does to Southern California He will
make extensive improvements and enlarge hi;
stock during the COMING year
C. H. GILMAN
Proprietor of the Red House: "In every respect
the past year has been a successful one 10 me
and ny interests. The returns were all thai
could De expected Taking into consideration
the Indictment weather for the first three
months, it must be acknoxleeGed-tAs -srads
~ ssstsase fe1zxfkapie strength. The fail and
holiday trade has been exeertiopailv ,,,,.5