The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1893-07-27
CASH FOR CROPS.
Commercial Banks Loan
COnservatively.
AID FOR ALL INDUSTRIES.
A Better Feeling Exists in Financial
Circles and Confidence Is Re-
stored in State Enterprise.

Whatever may be the condition oil
finances in speculative fields, mining, rea
estate. bonds. etc. it is certain now thai
all legitimate commercial enterprises in
California will be taken care Of by tie
Saa Francisco banks.
The prevailing opinion Of bankers is
that money is easier now than week
ago, and that, generally speaking. the
people have more confidence in the ulii-
mate improvement Of things. With CON-
mendable regard for the Importance OF
assisting farmers, packers and shippers tC
handle the harvest, the commercial banks
of this city are now loanlng money
Naturally enough the banks are conserya-
tive in face of failures and monetary de-
preston elsewhere, but they are doing
enough to keep Californian industries
going which is just as much as could be
expected of them.
The fact OF the First National Bank
aaving decided to loan money to Gamers
and wheat men, which was published eX-
cusivelv in THE MORNING GALL ster-
dav, was welcome news In business clrcIes'
1t was pleasant subject for conversa-
ton during The day. and an easier Ieellne
was created hy the prospects II held forth.
banks como into line and accommodate
Californian industries by loosing the
strings of the money-ba bags?
For an answer the information was
given that the banks had already loaned
money to their patrons. rather cautiously.
of course, but sufficiently for all present
requirements. This week feeling OF
confidence began 10 grow, and the banks
loaned more freely than for many weeks
past
THE money market is better here now"
said William AlvOrd. president Of the Bank
of California.
I'VE are loaning 10 patrons all they
need. But We don't take the part OF
muney-lenders in assisting people who
never patroniZe us, nor do we propose TO
LOAF for men to speculate with the money.
We are assisting banks IN Colusa, Willows,
Stockton and w oodlald. and they iD turn
assist the farmers TO harvest the grain
crop.
Indeed, we let the farmers have more
money than they are entitled to Tor spe-
cific purpose, to move the crops.
''San Francisco is a great deal better Oft
than other cities of the United States"
I'VE are loaning all that is wanted on
wheat" said Manager Lilienthal # the
Anglo Californian Bank. Money loaned
on wheat is to be repaid by September l,
or thereabouts, as soon as the crop can be
properly harvested and sold. This IS no
time for speculation, and producers must
sell as much OF their prcdurts as will pay
their debts. What is left they speculate
on. We have no cannery accounts, but
are helping country bankers who have
them-to reasonable amount. Canning
will hardly be active for another week or
two, when the peach crop comes in, and
by that time Congress will have formu-
lated some notion as to what it will do ::
4 h,t.,
course.
"The San Francisco banks are very
strong, and their strength gives confidence
to the financial situation in our State, and
right now | want to say that a fair iiber-
atty or the part of the public in its rela-
ton to the Midwinter Fair will bring
about circulation of 80 much money that
confidence in California and her inStltu-
tions will be strengthened. 1t bothers the
executive committee not a little that those
who have most interests here are slOwest
to respond"
There is every indication OF a strong
effort to bear the produce markets by some
brokers. but against them it is worthy Of
note that the best buyers take an opposite
view of the situation.
INC buyers are buying enough wheat
CROP" said Alfred Bannister of Starr &
CO., ''aDd in addition tie banks are loan
ing on the crop, so the grower is secure.
The banks here have loaned us starr q
Coz on stored wheat. They can't be
blamed for being cautious"
There is batter feeling" said the
manager of the London and San Francisco
Bank. people are more confident that it
will come all right, though 1t is not easy to
get money in. We are accommodating our
customers in small way. There will be
enough money to move the cropS"