The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-12-25
The Nevada Bank.

Figures are not generally interesting
reading but in the case of financial in
stitution their eloquence exceeds that of
Demosthenes or Cicero.
One of the Oldest chartered commercial
banks of San Francisco is The Nevada
Bank of San Francisco, at the corner of
Pine and Montgomery streets. Although
pioneer institution in its line it is fully
abreast of the times, and at no period in
its existence has it transacted as large q
business as at the present moment. The
place is invariably crowded, and bookkeep-
, ers. tellers and clerks have their hands
full to meet the requirements of the pub
lie. The confidence and popularity of the
management are based on the fact that
they do business on strict business prin-
ciples. The bank is incorporated under
the ironclad banking laws of California
the most stringent of any State in the
Union.
The Nevada Bank was founded in 1875
by the bonanza kings. 1t was reorganized
in April, 1890, by l. W. Hellman, with q
pald-up capital of $3,000,0OO. In the space
of three years its surplus has steadily
grown, until now it is nearly $1,000 Its
stock is now held at over 80 per cent pre-
MUM, although, unlike that of many
other financial institu tons, it has never
been listed on the stock board. These few
facts concisely set forth the prosperous
condition of the Nevada Bank. The re-
suit was not unexpected with I. W. He'll
man at the head of the management.
When it was known that he was to take
charge of the banks affairs general conf
fa1t ir,f ha Tha
was quickly subscribed for by nearly 200
persons and firms among the most promi-
nent in San Francisco. AS president of
the Farmers and Merchants Bank of Los
Angeles and other banks OF Southern CAL
ifornia, his reputation as a clear headed
financier was well established. That repu-
tation has extended as president of the
Nevada Bank, which now ranks among
the first financial institutions in the United
States.
Isaias w. Hellman stands high in the
public estimation. His business foresight,
his knowledge OF affairs, leads him to be
consulted whenever any matter of general
importance arises for solution. He is
sought out by men engaged in public life
for. his advice, and seldom does a great
popular need arise or question of general
policy have to be considered that the
management is not consulted by the city
press. What he says is always worth
listening to and his printed utterances
always excite the interest and confidence
of the reading public.
So it has come that the Nevada Bank is
an institution in which local pride is felt
and whose management is looked to and
respected by the people. Quarterly divi-
dends of ~ per cent have been paid on
the stock since July l, 1892, with every
prospect of continuance. The business of
the bank is large and growing. Its state
ment for the year ending September 30,
1875, showed total assets of $40, 14S,041 So,
capital, $4,000, 900; reserve, $500 900; undi.
vided profits, $l63,750 80; due depositors,
&,97S, 775 70; due banks and bankers,
1853, 665 "a; other liabilities, S5549 13. The
Nevada Bank does a general commercial
business and issues letters of credit avaiIa-
BILE in all parts of the world.
Its New York correspondents are the
American Exchange and the Importers
and Traders National banks, and its Lon
don bankers are the Union Bank of Lon
don, limited. The officers of the Nevada
Bank are as follows: President. Isaias w.
Hellman; vice-president, John F. Bigelow;
cashier, d. B. Davidson; assistant cashier
George Grant; directors-John W. Mackay
Isaias w. Hellman, Robert Watt, H. L.
Dodge, James L. Flood, Henry F. Allen,
Levi Strauss, John f. Blgelow, Lewis
Gerstle, c. de Guigne and D. N. Walter.
This is record which few similar insti-
buttons can equal. It's due entirely to its
excellent management, to its conservatism
and to its spirit of progress, happy COM
bination of qualities which has commanded
public confidence and won the esteem and
admiration of the commercial community.
Eircf National RorL