The morning call., 1893-05-02
!. FA.cT:S 5, E=l.N ),
.coliated From Magee's
....> ;. Circular.
The: Real Estate :Market-Amount on
+: Deposit ;in:the Savings Banks.
Sales During April. "

: :.
!. !: From proofsheets Of Magee's Real Estate
%Cnc1TaF; published by Thomas: Magee. are
MADE the following important extracts, i'm
.p6tfant:feeause Indicating a change in the
attitude, Of our savings banks toward both
city and country real estate, by discouraging
: large loans>on large vacant ranches held for
&adyances by speculative owners at high
DIices, aud ihe encouragement, by larger
loans; 10 small owners who are personally
developing their land -:
:-.Ife circular says: -.
: There 6assbeen Ioshrldkage In rates OF Inter-
:est;znor haye. losses been develoned 10 compel
Iedpct on:in Iateo Approaching dividend: SIN.
VIII tIle*Smil relative collections OF interest
usual In: The first half Of tile year., IL IS TO be
ar icl pat ed at the dtRdend ca EQUATIONS when
Submitted fri: Jnse, WIFE show iliaI the savings
:bahIss wi be ia able TO febe all the: dydeuds
Of the]ast lla4 year: The tendency of'interest is
IiQiestioIa DOWN ward. RaI4 lcularly lis this
.ifie;esye In the county; where concessions are
: denialded~ in -TTfaJEy. eases when old LOANS are
10 be:Ie4naiie on accD1Dr 0f:tlie statute. and In
:: otlet CHS es:Theie ,l#efe extensions are TO bs
given Tie high ate Of 9'19Ecehtl In The couu-
Try is rapidly becoming a H. ng Of Inc past{ Lend
:es;aTe LuFcef 10 grant extensldn ard. reneRals at
percent as a .maxi@uln, the bank pay ing the
mortgage. tax,.. 0ne large Interior borrower IS
frdcil@ed on: scattered c0untfy land loans
Sgi5;00O, Of. which sum { 4S;3g5 is now past
que and i'epaEabae'. as coA sjdrfaiien for re-
-i.ewar and EXTENSIONS this: borrower demands
:,c5ncessiOhs. and this demand has been RTanied
by lhe saxLiigs banks 10 an extent Involving au
:eoHceded III tAlscasr: IS iercent. ir the coun-
HES where Taxa on Is 4owesI, with IA per cent
=: In SOME others. lt per cent In Placer County.
q: The b9uu~eT hastGe 0fef under cons Iteration.
ano tkebabka! oply- Gear is that lie viii not ac-
cent HE CuuceEsl pms as sufficient; In a recent
article: We suggested thst;;5 per cent on tel III
deposits isEea sg al fiat present rates OF litter
: est and. Qthei' cfrcunistauce justify; a0d
This OPTION We Io%i+feilciate he red actiOn s
coming; Gut:hpw snGh is for,tlie directors OF
= savings liahk Sin. heir Wisdom TO decide.
.: 3he gam ior liie:past llsree ln9nls q one Of
:; oar bank hhas been >up~atd Of S6Q0,000 at. The
: b0Ee.- Office, sg+lnst' S43OiO0Q: Tor 1892 and
aS445 Geo: fQr 1881. ;@EleT: savJags,. banks 10
sGoI6; STRIP |opOT llgitate incfcases-: Ii. Is not
here tho in enIioll ola lin fat This Is mater
for Congratulate as IT. uiglue stfonabiy Is not
so. Re que 81 en-, tEls earn signifies that In
thendnds Of laify fe1ple, rle best use llrat can
.taifks IS Holt o BE; exI.c eu1hat saviaRs III
'hIltutions Will 11eAsnIes'1o d3cre dit them
:seTSfs ssafe cusf odfansof talds, bat'it r I'M.
GueSfi0n4bly desJIffe for .the c0inmunlls, aud
prohaJly for l1ie lisi 'rfonz Themselves, 10 pay
oj afes 81 dI IL lds as WIFE force enter;
iifl.1ifg:s il cGEfb eten t:dr ies 10 do something
.f0f.fheIr0sLetity 0ft1le city aud State by using
:liieney: fiji ours f1e :eglfefprses%..
For lliesIiIesend nd sr}f.e future he.Dnlk OF
ihe hlepey Oi-sagings balits u CALIFORNIA: must
bel9aned orlTe ii esI4le for lack OF Other sal IS
:: Nftw Agland. States. and In New York.: Real
estate lis the cQIilniodity IN when ana: WIN
which: sd wings: banks deal aud ~ behooyesihem
10 beeome.tne cOHseIgat0ls OF real estate VALUES
restraining the aPd0E' OF speculation u iDoom
frieS,L nd sustaining the :mafRet ~ tue PERIODS
= ofdutAess. This may be accomplished by al
Iaehlng q SUI poset intrinsic value 10 prop