The herald., 1893-10-10
A SAFE BANKING INSTITUTION,
The Los Angeles National
Bank.
A Great Concern Which Successfully
Stood the Financial Pressure.
It's Deposits and Dspositors-stockhoid'
ers who Are Identified with Many
of the solid Institutions OF
Southern California.

Probably no bank in the United states
can point with as much pride to un-
pleasant calls as can the Les Angeles
National bank OF this city. The manner
in which they withstood the pressure
brought to bear on them during the late
financial trouble is indeed marvel, Tor
it was openly stated by many leading
business men that few banks in the state
could have withstood such pronounced
run at that time without surrendering.
1t was an experience that was unprece-
dented in the history Of the city, but its
officers stood like adamant and met
every onslaught with pleasant greet
ing externally, while at the same time
their heads and hearts ached. They
were among the first to expe rience the
result Of the fright which had taken pos
session of the people, who had seemingly
run mad without cause. Depositors
crowded about the doors, clamoring Tor
their money, as if they feared that
their life depended upon reaching
the teller's window. In every case they
were met at the door by the president
and given the assurance that their
money was safe, as indeed 1t was. In
four days. time checks were honored to
the amount of 30 per cent OF the demand
deposits, and when the people had col
,lected their senses the fact that the
bank was truly most solvent was proven
beyond the peradventure OF doubt.
After quiet had been restored Major
George II. Bonebrake, the president,
told HERALD reporter that no money
could induce him to undergo such
strain again, but the major still remains
at the helm, and the public have demon
strated to him that they have confidence
in his management by increasing the
patronage of the bank. In connection
with this it may be stated that the other
officers and directors of the bank proved
to be able supports and strong help
during those times of trouble. and to the
cool heads and clear foresight OF these
gentlemen can be attributed the fact
that the bank was able to Withstand the
pressure and keep its doors open. The
stock endorsed their every act,
and the public offered their con-
gratulations when quiet was restored
with heartiness that was merited.
The business OF the bank was never in
a more prosperous condition than it is
at the present time. The deposits
amount to about $3.50. 900, and among
its depositors will be found many OF the
leading business men and corporations
doing business in this section OF the
country, several OF which came to the
bank and opened accounts after they
had seen how cody it's management was
conducted during the hours of adversely.
The capital stock of the bank is $780,
600, with a surplus of $65 900. In addi-
tion to this surplus the bank shows
sufficient earnings to pay q semi-annual
dividend of per cent. which it has al
ways done since the bank was incorpo-
rated, 10 years ago.
SIN times of peace prepare for war" ts
an old sdage, and it seems as If 1t was
q predominant trait with the officers OF
this institution.
The old confidence has been restored
and many oi the customers who have
had their money hidden away in vaults
are returning aud asking to open their
acconn's again.
Conservatism is leading factor in
the transaction OF business, and as
those corrected with the bank are men
who ere thoroughly informed in and
about Los Angeles. they are able to
place their loans with every degree Of
eaistv.
Its stockholders are identified with
many OF the solid institutions OF South
ern California, and have done much in
aiding and abetting every sound project
that has ser been brought forward for
the purpose OF advancing public enter
prise.
The bank is located in it's own build
ing, which is situated at the northeast
corner of First and Spring streets, q
valuable piece Of property, inasmuch as
it is the most prominent corner in the
Gitv of the ANGELS