The herald., 1895-04-26
UNION is NEEDED
Banker HeIlman's Views in the San Francisco
Report of Arril I'D

"lsalas W, Heilman. president OF tn
Nevada bank. returned to this city today
from trip to Los Angeles and to ID. r.
reporter expressed his views very freely
upon California affairs. Mr.. Hellman,
being at the head of leading financial in
stitutions and commercial enterprises in
this state is in a position to know to
certainty whereof he talks.
II lived in Southern California for more
than thirty years. said Mr.. Hellman.
but l never saw that part of our state
in better condition. with so many evil
dences OF push and enterprise among its
business men, than did during this trip.
Everything is improving in Los Angeles
and the other leading cities of the south,
and it is not at afl due to speculation.
Thousands of people have come there,
and are still coming from the east and
are casting their lots with che old popu-
lation and are starting Improvements
which are perfectly astonishing.
Money III Los Angeles and elsewhere
in Southern California is very abundant,
because it is brought in by eastern and
English people who are settling there.
10 give you an idea of the extent til at
business has increased in Los Angeles
alone, | will cite some figures about my
own bank-the Farmers and Mer-
chants'-in that city, which were fur
Hished to me by the cashier Just before |
left. These figures show that on May l,
On the 1st of April, 1894. these open ac-
counts had increased to 3506 On April
lst, the day before | left. the number of
open accounts was 1902, whic is the
largest NUMBER in any bank on the Pa
citic coast. The individual and the ag
gregate amounts of the accounts are not
SO large as in other banks but no interest
is paid on them, and they show in ger
eral sense steady increase of business
Il do not think the winter travel from
the east this year has been so heavy as
last year, but it has nevertheless been
quite steady and gradual over the Santa
Fe and Southern Pacific routes. Los An
geles is being built up in all elections.
There are no houses to let, nor are there
any vacant stores.
"The coming Fiesta in Los Angeles
will be q great success. The whole COM
munlty down that way are enthusiastic
over it. Nothing will be left undone to
make it successful
AS regards the excursion which is be-
ing managed under the auspices of the
Half Million club of San Francisco. where
by representatives of every leading inter
est in Northern California will meet the
southern interests at the Fiesta. let me
say it will be received with open arms.
The visitor of the north 10 the south is
being talked of by everybody in Los An
geles and the southern part of the state.
1t is upon every lip. 1t will be of the
greatest and most lasting good. The
whole of California would be benefited if
such fraternal visits could be more fire.
quent. We belong to one state, and if
we have not mingled in common before,
it is because San Francisco has repelled it.
They of Los Angeles are delighted because
So many of our truly representative peo-
pie are coming down there. There is not
the least bit OF jealousy.
''The Half Million club of San Fancisco
is going to bring the people OF the whole
of California more closely together. San
Francisco is now on the eve of great
prosperity. because of the new Valley
railroad, the club and the relegaton of
silurianism to the regions around the up
per waters of Salt river Si,urianism in
California is thing of the past. We
have that power within ourselves. as
wde-awake men and citizens. to build
here a mighty empire through proper
eXertion of enterprise. Let every body
stop grumb ing, and have confidence each
in himself, and put his shoulder to the
wheel and we shall have more prosper
Gus time
Mr.. Hellman concluded his remarks by
saying that he believed the revival in the
silver market would be permanent and
would also do the coast an immense
amount of good.