New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-07-16
CALIFORNIA TOPICS.
MONEY IN GREAT OBSERVATION-DISCLOSURES
TALK OF A NEW STEAMSHIP LINE.
inv TELEGRAPH TO THE TRIBUSE.i


San Francisco. July I5.-The sequels Of the
financial strinecncy in San Francisco are as ugly
as the original trouble. Not only the fruit
Gamers unable 10 get any advances from the
banks. but men who have thousands of sacks of
wheat in warehouse cannot move it for lack OF
funds The country banks have no reserves to
loan on the usual wheat warehouse receipts, and
thus far the city banks have refused 10 loan
money or TO fS any price which 'hey will ad-
vance ON wheat senator langf0Id. of Stockton,
and Mr. Kutnrr a banker of Fresno, are now her"
irving 10 solve the problem of moving the Cali
fornia wheat crop. They say there is plenty OF
coin hut all capitalists are 30 fearful OF beng
caught without ready money that no on" IS
willing 10 loan any amount even ~ high interest
Probably the plan Of guaranteeing loans will bring
ont this boarded coin. which is inperatively
needed There has seldom been time in California
since pioneer days when money would hlng so
large a return for its use now, and any capital
list may receive "gilt-edged" security for loans
at nearly double the ordinary rate Of interest
The report Of new plans for strengthening
Es1uinaalt and adding to the British fleet in the
North Pacific has excited much interest here as
many believe m is the prelude 10 an aggressive
policy by Great Britain in Bchring Sea. The fleet
which the United States has in Behring Sea could
offer no opposition TO the cruisers which Eng
land has maintained on this coast. and should 1t
be decided by England to prevent the seizure of
British Columbia seal poachers this fall. tn"
United States would suffer the humiliation of
seeing It's little revenue cutters driven out by
battle ships.
The Midwinter Fair has been " doomed during
the week \ site has been selected at Golden
Gate Park, just north Of Strawberry Ill., ana
the city has been divided into districts. and com
mittces assigned TO each district to canvass for
subscriptions With the energy shown in the
last few days it will not take more than fort
night to place thc project on sound hnanclai
basis and permit the letting of contracts for the
buildings
Ex-senator Fairs big project Of filling in the
waterfront west of Black Point begins TO take
shape He has obtained legal sanction for the
extension of the sea wall, and with the privilege
Of receiving rock from Angel Island and sand
from the Government reservation at Black Point
he will he able TO transform his dreary tract at
comparatively small expense. few months will
see "a wonderful transformation. and by the end
of next year big factories and warehouses will
begin TO cover what is now an Of the bay
The personal effects and furniture Of ORA
Samuel Merritt, who for thirty years was the
richest man IN OthIdHu, WtTc oplu tuiS WYNN "!
order of the court TO satisfy the demand of his
administrator. The auction was not a pleasant
spectacle for his relatives, AZ curious crowds
swarmed over premises which in the doctors day
were closely guarded against Intrusion: A Junk.
man bought the dead milionaires silk hat ana
paraded about the house in il, carlcaturlng the
digniied stride of the old capitalist. Among the
curious objects sold the first piano brought
TO California. and letter from Daniel WEBSTER
d. ted September II. 1a4a. recomme ndlng DR. Mer-
ritt to any of the Secretary of States friends IN
California.
Efforts are being made here TO establish ~nc
of steamers between San Francisco and Callao. AZ
dep4nds upon whether the Governments ol Tern
and Chilli will raise tho required yearly snrsinN
of So O0C in gold. If this coin is put mp, seven
round trims will he made, yearly. The proJe't Is
favored here a. il would open new markets ior
California goods In fact, with the low lrel2ht'
which such steam line could offer. this CITY
ought to get the bulk of the South American traue
this coast.
The Jewish Temple Emanuel the gilded Moorish
domes of which have been landmarks IN inns saitN
for twenty years. will soon be torn down. Inc
congregation has secured big lot at the northwfS,
corner of California and Octavla SITS. ana Will
erect there a new church edihce.
Daniel Frohman's I.yceum company is always
sure of n hearty welcome in San Francesca, nut
this year the reception was unusually cordial
because of the villapous farce> and CHEAP variety
plays which have filled the local stage for many
weeks The Baldwin has been renovated and
redecorated and the seats have been enlarged.