The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1895-01-08
MONEY, TONDS' AND STOCKS;
Complaints About Fraudulent
Enterprises.
Annual Meetings of Various COrpo.
rations on the Tapis.
Los Angeles Bank Clearances-Gcn
Financial Review-F oreign and
Domestic Exchange.


Los ANGELES, Jan. z.
Complaint is heard from various sources
about questionable Southern California and
and water schemes extensively advertised
throughout the east. The most glittering in.
ducements are held out to investors without
anything whatever on which 10 base them, ex-
cept, perhap., a body OF desert land. So papa
bic is the fraud in some cases, that It is q won
der that anybody can be duped into inv sting.
Yet, 1t Is asserted. there are quite number OF
. victims, To the credit of Southern California
it must be said that most OF these swindles are
engineered By non-reidents, somo of them,
perhaps never having seen the country they
affect to advertise. Legitimate land ana irr ga
ton enterprises are injured by these iraudu'
lent concerns. The agents OF resp )nsiole COM
panies who try to negotiate bonds or interest
eastern or foreign capital in Southern Caltfor-
MIA enterprises are confronted by thlS or that
swindle that has been perpetrhted in the name
of Southern California. il the good name OF
this section Is to be maintained, the bona nde
business interests, which nre overwhe mlngly
in the majority, must unite in exposing thete
frauds. A development scheme that can not
stand on It's melits should be cried down by ths
united Dpsiness community.
BANK cLEArANcEs.
The week opened with very good days
business in banking circles, as reelected by the
clearing house transactions the exchanges
amounting to 1912, 2ss5o. baIsnoes, $685.
2G6.3S.
al This period of the year a numbsr of cor
p0rations are holding tneir annual meetings.
Below are q number Of announcements OF
meetings that will be held this week.
STOCKHOLDERS MEETINGS.
The annual meeting of the stockholders of
the National Bank of California VIII be held
at the banks offices, January 8 at 3 T. M.
board of directors Tor the ensuing year VIII be
elected
The annual meeting OF the California bank
viii be held at the Office OF the BANK, corner
Second and Broadway, January at ) p m,
when n board of directors Tor the ensuing year
will be elected
The annual meeting of the stockholders of
the Cali iornia Portland Cement company will
be held ut Ids South Broadway, January 8 ut
10a N. The election OF five directors for the
ensuing year is the principfl order OF business
The annual meeting 81 the stoekhoiders OF
the Pacific Besr Valley Electric & Power com
pany will bs held at the office Of this company,
No. 81 Bryson block, on Wednesday, January
The annual meeting OF the stockholders Of
the Rosedale Cemetery association WILDE NERO
at ISL south Roadway, Thursday, January
10, AT $3.50 a. m.
BUSINESS MEMS MEETING1.
The annual meeting of the Merchants asso-
citation viii take place Tuesday, January g. at
s P. m at the Fiesta headquarters, Mott mar
ket building, Main street. I'D stairs. ohcers
will be elected for the ensuing year.
The annual election Of the chamber OF COM
merce win be held "Wednesday, January ., be-
tween the hours OF 8 q. IN. Snd p m. pres
ident, vice president and full board OF directors
will be chosen for the ensuing year,
DIvIDENDs DEGLAHED.
The Log Angeles Savings bank has declared Il
dividend for the six months ending December
81, 1894 etthe rate OF AZ per cent per snnum
for term deposits, aud 3 per cent for ordinary
dennsits.
The Main Street eavingD Bank and Trust
company has declared Il dividend, payable jan
uary IL h, for the six months ending December
81, 1894, al the late OF pc: cent per annum
for term deposits and Per cent for ordinary