The record-union., 1893-06-29
PRESS VOICE.
Expressions of Interior California
Papers
On Topics Under Public Discussion
and Having q Share of
Public Thought.

Alameda Telegram: Many names have
been mentioned in connection with the
appointment of United States Senator to
succeed Leland Stanford. Some Of these
persons have the ability to ill the posi-
ton. Others are named because it is
thought by some that they deserve the
appointment as a reward for their Serv-
ices in the political field, although en-
tirely unfit to fill the position. We be-
lieve that an able man should receive the
appointment, one who can accomplish
some good for this State. Never in its
history did California need statesman
in the Senate to advocate and defend It's
| interest as at the present time. Appro-
| priatons for important improvements to
our rivers and harbOrS have been neg
| lected. Other States have their valiant
defenders, but California has none, and
! our interests have been suffering. A
man vino we think would see that our
| State is not slighted is w. II. Mills To
! be sure Mr.. Mills belongs to the South
ern Pacific Company, but it cannot be
| said against him that he has not had the
| welfare of California at heart, and he has
| always been trying to get his company to
make as many concessions to the people
as possible. He is an able speaker and
| orator, and he confines his attention to
those subjects bearing upon the welfare
! and advancement of this State and its
| people. Mr.. Mills is acknowledged to be
one of the ablest men in the State, and is
in a position to become thoroughly
versed in all its resources and advan-
tages. In our opinion Mr.. Mills is supe-
rior to any OF the persons mentioned for
the vacant Senatorship, and Governor
Markham could make no better selection.
Stockton independent: Bad as the
financial conditions in the United States
now are, they would be infinitely worse
If the currency system Of the country
were not as sound as it is. The scare is
as great as it was in 1857, but the results
are not nearly so disastrous as they were
then for one very powerful reason. In
1857 the currency of the country consisted
almost exclusively Of State bank notes
and the notes OF corporations, purporting
to be secured by the deposit Of State or
other securities. When money became
scarce these securities fell in value, and
the volume and value of the currency fell
in proportion. When bank suspended
the State officer with whom the securities
were deposited proceeded to sell them to
raise cash Wherewith to redeem the notes.
Vast quantities of the securities being
thrown on the macket at once, they fell
rapidly in value and the notes fell with
| them.
Los Angeles Times: There are too
many banks in Los Angeles. Nineteen
banks OF all descriptions in a city of
| 5000 people is too many. There are
eleven banks in the Los Angeles Clear
| ing-house, and only sixteen in that of San
Francisco. 1t is danger to a community
when men who have had little or no
practical experience of the banking busi-
| ness scrape together a few dollars and
| start bank. Such an institution must
| be constant menace to the banking bus
iness in the city where it Is located; also,