The San Francisco call., 1895-12-23

the amount represented by its actual in
trinsic worth.
The general rule, however, that invest
ments in property are safe, has been ex-
emplifed in San Francisco Just as it has
in every other prominent city of the
United States, and the person who makes
a iudicious investment in San Francisco
property to-day will realize the same re-
turns on this investment as the thou
sands of people who have already made
fortunes out of San Francisco realty.
There is some property in San Francisco
that has been sold on a speculative basis;
the large amount of property, however,
included within the thickly settled part
of the City may at this time be considered
as possessing value that has all the ele-
ments of stability.
The desirable property of San Francisco
has always formed basis of credit which
has prevented anything like a crisis in the
finances of the City. 1t is probably a safe
assertion that should the occasion require
it-an issue that has never been brought
before the San Francisco people - an
amount of money could be secured by San
Francisco's wealthy property-Owners that
would carry this City safely through even
five or six years of as great depression as
was experienced in this country in 1893.
Aside from San Francisco's assets in in
come-producing property, however, this
City, as the financial center OF the Pacific
Coast, has a fund set aside for a rainy day
that has not only carried San Francisco,
but a large part of the Pacific slope,
through one of the most disastrous panics
the country ever witnessed. San Francis
co.'s representative banks, with one or two
exceptions, have always been safely man
aged, and these banks to-day are among
the strongest In the country. San Fran
cisco's leading business houses have been
tIn
and even during the latter part OF 1893 no
serious losses were made by these houses.
During 1894 there was a healthy resum D.
ton, and 1895 has witnessed general i'm
provement in business, which has sur
prised even the most enthusiastic of the
local merchants, and the prospects OF a
still further increase IN general business
here are more encouraging than they have
been for a number of years past.
1t is no idle boast to say that in point of
commercial stability San Francisco ranks
with any city OF the United States. This
fact is recognized all over the Union as
well as in every financial center in Europe.
San Franclsco's wealth was won In legiti-
mate trade and manufactures, and, being
based on the natural resources of the coun-
try, grew in proportion to the develop
nent of the agricultural and mineral re
sources of the regions for which she was
the mart. These agencies have contrib
uted to the building up of a substantial
city of $4,000 people, with the most ex-
tensive jobbing trade, the leading manu-
factures and the largest shipping interests
on the Pacific Coast.
The average Eastern man, familiar with
the methods of doomed" cities of the Far
West, when he visits San Francisco, is
usually surprised when he finds here not
only extensive commerce but so MANY
large financial institutions, business houses
and manufactures established OH an abb
solutely sound basis and conducting their
affairs on sound business principles, which
more than one Western city could adopt
with profit.
TRANSCRIPT OF RECORDS.
There were seventy-four real estate loans
made last week, amounting in the aggre-
gate to $272,2 The following abstracts
from the records show the principal sums
and the security accepted
BY the Hum boldt Savings and Loan Society,
ST., 900 to Mary L. Zimmerman, by A. IL
Loughborough, attorney, for two years at 61l
per cent, on the property at the northwest cor
ner OF Sansome and Suffer, I37 :6xl23, on
property at the northwest corner of Brosuan
and Valencia, 160x2S0, and property at the
northeast corner OF Harrison and Third streets,
northeast 139, northwest 100, etc; by Isaac
Cohn, $25, 900 to Louis Braverman until Jam
uary 8, 1896. at per cent, on property OH the
west line of Polk street, 81 south OF Clay 78 :6
xS1:6; also $25 900 for two years at per cent
on property at the southwest corner of Sacra-
mento and Drumm, 70x45 10, and $I3, 200 to
Louis and Fanny Braverman for one year at 7
per cent on property on the north line of
Eddy, 211: :6 east of Octavia, 63:6x120; by the
German Savings and Loan Society, 5000 to
William c. Hilbebrandt and Max Tosner for
one year at6H per cent Oh property on the
north line of Jackson, 50 east of Front east 29
north l20, ETC.; by the Mutual Savings Bank
SIS 900 to Joseph and Sarah H. r. Hume for
one year at per cent or property on the
north line of Ellis, 50 east OF Jones' 52:6x120;
by the Security Savings Bank ST 900 to O. D..
baldwin for one year from February 20, 1896,