Los Angeles herald., 1893-01-01

Here we fndth while the state OF Cali
fornia lost 81 ,209 8S3 70 in the past two
years in available cash through it's send
ing money to New York toreleve the
| financial situation in the east, Southern
California has not only held it's own,
but it has actually gained in available
cash 1925, ,204 70.
The deposits in the banks of the state
during the two years prior to July l,
1892, has incre ased $27, ,436, ,S79 AZ. The
deposits in the banks of Southern Cali
tornia during the same period had in-
creased $4,2S2, ,6S7 62. The deposits in
the banks of the state on the 1st OF
July, 1892, amounted to $19S ,666, all .0S,
and IN Southern California to about one
tenth of that amount, or $19, ,967 ,O23 95.
Here is an increase of about so per cent
in two years in Southern California and
of about 16 per cent in the state at
large.
1t has been extensively published and
very generally believed by many that
Southern California suffered snock at
the close of the boom in the fall of 1883
from which it would never recover, but
the figures here given show conclusively
that from financial standpoint no part
of the state is in as good a condition as
are the six counties of Southern Califor-
mia, towit: Los Angeles, San Bernar-
dino, San Diego, Orange, Ventura and
Santa Barbara.
Another item showing the financial
solidity of Southern California is to be
found under the headings "Due from
other banks" and "Due to other banks"
The state account stands as follows:
Due from other banks ..........$ 760 2S
Due to other banks ............ 1O,144,005 IL
Netdue our banks ...........$ 6,520, ,755 16
The account Tor Southern California
shows as follows:
Due from other banks. B4,26O 455 SO
Due to other banks. .............. 4OS,1I9 80
Net due our banks .. $3, 1852 1885 40
Thus it will be seen that OF the net
amount due the banks of California
from the east, amounting to $6,520,-
700. .l6, over one-half, or $3,S52, 1886 40, is
due to Southern California, with only
one-tenth of the deposits of the state.
San Bernardino county two years ago
had on deposit $2SS4, ,927 so. On the
1st day OF July, 1892, the deposits in
this county were So, 167, 1926 80, gain of
81 per cent. The deposits of San Ber-
nardino county are distributed as fol-
lows:
Three savings banks. ...........$ 205,753 80
One private bank ................ 2i2,46I So
Five national banks ks......... 1,271,164 A3
Seven commercial banks. ....... 1,477,747 Of
Total, 1e banks ...... So I67 ,l26 80
The deposits of the San Bernardino
county banks are distributed among the
six banking towns as follows;
Towns. Deposits.
Riverside 2dT A5l
San sernardino. ............ ..... Liz 137 60
R-dlands. Observation-Disclosures. 54S,l96 SO
On,aflo. .......- ........ l5I I'D 90
Coitou .............-......... 6z,IoS W
South Riverside e................. 39,25l 80
Total .-.......-....... So, 10Y, lZ6 ~
The available cash on hand in San
Bernardino county on the lst OF July,
1892, stood as follows:
Cash on hand ................. 8 $685. AZ
Due from other banks............ 720,432 70
Total ........ ........... -. $l,ll3,4l6 IL
Less due to other banks ... 1858 OF
Net cash.. h..-......................$ 81 ,076,763 16
The population of the southern coun-
ties of the state in 1890 was 201 1853, or
1625 per cent Of the population of the
entire state. San Francisco being the
commercial metropolis of the coast, of
course has more than it's natural share
of deposits. The bank deposits OF vari-
GUS sections are found to stand as fol-