Los Angeles herald., 1891-01-01

OWueu .....t.....- ..+.. -, $4,000
Current expenses and taxes paid 12,613.lO
| Premiums on u. S. Bonds 86 COL az,
Checks and other cash items l5,I85.77
| Exchanges for clearing house 41s68
| Bills OF other banks ......... 5,257. 90
| bpecle..... OBSERVATION-DISCLOSURES. Z14,645. rs
Legal-tender notes ..' ......... i5'O00.o0
Redemption fund with u s. treas
urer u per cent Of cIrculation) 2,25O.OO
Total tal...................s2 81, ,os4, ,Os6. 70
| LIABILITIES.
Capital stock paid in . $500, 900 90
! surplus fund ......,... ........ 1880 90
Undivided profits ...,.... 10000. IL
National ban notes outstanding 45,OOOOO
Individual deposits subject to
Demand certificates OF deposit !. 46'O3S25
Certihed checks .............. 2,79S.33
Cashiers checks outstanding ~ 1S,lS7 SO
United States deposits ........ 254s65 So
Deposits of U s. disnursing officers 76Sl438
sss' sss issEs sssn III sis sss$s
Total ........... ,....... 81 O94, ,O91 20
The officers are: George H. Bone
brake, president; John Bryson, ST., vice.
president; f. G. Howes, cashier; e. w.
Coe, assistant cashier.
Directors: DR.. w. G. Cochran, Fl. H.
Markham, Perry M. Green, John Bry-
son, Sr., DIR. H. Sinsabaugh, +. G.
Howes, George H. Bonebrake, Warren
Gillelen.
Here we get another total of over two
million dollars of resources and mil
lion OF private deposits. How the gross
amount OF money in this community
rolls up as one scans these figures on de-
post! The people after an experience
with their brokers, such as is outlined
above, know where to put confidence,
as these figures will sufficiently prove.
In the Los Angeles National there is
behind every obligation not only solid
stacks Of coin, but sulid masses of con-
servative wisdom, better, perhaps, than
gold pieces, for money may take wings
and fly away if not properly guarded,
while wisdom guards itself and the coin.
THE SOUTHERN CALIFORNIA NATIONAL.
A fourth great financial institution of
the city is the Southern California Ma
tional bank, whose Offices are at the cor
ner OF Spring and First streets, under
the Nadeau hotel. 1t is comparatively
new bank, but it has made great pro-
gress, and stands among the foremost of
the money concerns OF Los Angeles. Its
authorized capital is $500, 900, OF which
5000, 900 is paid up, and it has accumu-
lated surplus of $25,O0O. At the head
OF this bank is L. N. Breed, president;
w. +. Bosbyshell, vice-preeident; and
G. N. Flint, cashier. The directors are
l.. N. Breed, M. Hagan, A. w. Rich
ards, Chas. E. Day, w. F. Bosbyshell,
Frank RAIDER, Fl. A. Barclay, H. T. New
ell, Thos. Goss, E. G. Bosbyshell, David
Remick.
The bank makes a specially of collec-
tions throughout Arizona and California.
The principal correspondents of the
bank are: Chase National bank, New
York; Union National bank, Chicago,
ILL.,; Commercial bank, st. Louis, Mo-;
state National bank. Denver, COL;
National Bank OF Commerce, Kansas
City. Mo-; Omaha National bank,
Omaha, Neb. ;Knauth ,Nachod & Kuhne'
New York; First National bank, Albu-
querque, N. NJ; Bank of California.
San Francisco, CAL; First National
bank, San Bernardino, Cal. First Ma.
tional bank, Milwaukee. Wis.,; Mer-
chants National bank, Boston, Mass:
California National bank, San Diego,
CAL; San Gabriel Valley bank, Pasa-
dena, Cal.
Since the opening of the bank it has
secured very large amount of the pat
ronage of the public, and during the
past few years OF rather slack business
transactions, deposits have steadily in
creased, until the bank is now in the
foremost ranks of this section. 1t has
been OF special service to the community
recently in the successful negotiation of
city bonds on most favorable terms.
THE UNIVERSITY BANK.
To return from the list of national
banks, the University bank, at BIZ New
High street, north Of Temple, claims at
tention. A statement made few days
ago gives the following excellent show
ing for this institution:
Resources (loans) s244.4 9s
Office furniture and fixtures. 2,70677
Expenses and taxes paid. .... :. 87O55O
Cash on hand and due from banks. 04344 so
s35o,255.o5
Capital STOCK. k..................... 800 600 90
surplus -. ........... ........... 81 100000
Earnings ....,.....-. -.,......,.... 1863S95
Deposits. ......................... 2OO6l6.1O
$3.50, 1855. .05
1t is officered as follows: r. M. Wild
dey. president; George L. Arnold, cash
ier; R. M. Widney, b. o. Miltimore.
s. w. Little, G. M. Wells, L. H. Titus
@. A. Warner and L. ]. p. Morrill,, di-
rectors.
This bank is one of the most recent
financial ventures Of the city, but the
high character and financial RESPONSE
bility of those in charge won for it at
once large degree of popularity and
corresponding share of public patron
age: Judge Widney has been resident
OF the city for quarter of a century,
and has held many positions of great
trust. His work in founding the Uni
versity OF Southern California, and his
management Of it's finances, have fully
established his reputation as careful,
capable and conservative financier. The
bank benefits greatly by lis reputation,
and as its head he draws to it a large
amount of business. The directors are
all well-known business men Of the
highest standing.
THE NATIONAL BANK or CALIFORNIA,
The newest national bank here, Illus
trates the improved state OF things in a
business way ii this city.
This bank was organized last year and
has already secured volume of bust
ness that enables it to pay dividends on
it's capital stock.
It is an Institution, fortunate in its
location and ID the standing ap j busi-
ness ability of its shareholders and
directors, who are men Of such charac-
ter as insure confidence in careful and
conscientious management and, as a