davidaulloa/AmericanStories huggingface dataset:
The San Francisco call., 1897-12-19

and Incorporated in 1891 Its author
lied capital is s1,OOO,OOO, of which
S65O,000 has been paid in. A general
banking and collection business is
transacted. It's correspondents are the
Bank of New York: Third National
Bank, Boston; the Hibernia Banking
Association, Chicago; the First Ma
tional Bank, Portland.
The officers are: Adam Grant, presi-
dent; Joseph A. Donohoe, vice-presi-
dent; James A. Thompson, cashier
Edward Donohoe, assistant cashier.
The directors are: Adam Grant.
Joseph A. Donohoe, Eugene Kelly,
John Birmingham, Irving NJ. Scott. N
P. Cole, George Whittel, B. F. Dun
ham, Edward Donohoe, c. de Guigne.
The San Francisco call., 1897-12-19
x x x Z x x X Z Z X X X %%%%%%%%%sss
THE NEVADA BHNK !
a SOLID :;
INSTITUTION. !
=,
x x ss%#%ss%&%%%%isfts Z Z X y y < < x %x%%*%%-

for solidity that is worldwide
Founded by the celebrated bonan-
"a kings of California, James c.
Flood, John w. Mackay, James G..
Fair and w. S. O'Brien, with capital
of $4,000, 900, the millions in it's vaults
were always available for any enter
prise looking toward the development
of the mining industry. Until over
taken by illness, which resulted in his
retirement and death, Mr.. Flood con-
trolled the destinies of the Nevada
Bank. In 1879, owing to several causes,
chief among which was unfriendly leg
islation, followed by the adoption of a
new constitution, the bank reduced its
The San Francisco call., 1897-12-19

II a n c al
concerns of the Pacific Coast. Having
an authorized capital stock of Sc OOo =
900, of which $4,000, 900 has been sub
scribed and $1,50OOOO paid in, it does a
heavy business. The surplus is $500 :
900. 1t issues bills of exchange. COM
mercial and travellers letters of credit
makes collections and buys and sells
stocks, bonds and bullion on the most
favorable terms.
The affairs of the bank are capablv
managed by Ignatz Steinhart and p.
N. Lilienthal. The directors of the
bank in London are E. H. Lushington.
Isaac Seligman, Joseph Sebag and ].
Simon. Its correspondents include the
following: ]. & w. Seligman & Co.
New York; Massachusetts National
Bank, Boston; Central National Bank.
Philadelphia; Merchants Loan and
The San Francisco call., 1897-12-19

at l0l Montgomery street, and ranks
nigh among local moneyed institutions.
1t is the Oldest Incorporated savings
oank In the State. 1t has a guaranteed
capital of 900, of which $3.50, 900
has been paid in, and its reserve fund
amounts to S175,00O A general banking
business is transacted.
Ihe officers are: S. c. Bigelow, presi-
dent; Arthur A. Smith, vice-president;
Cyrus w. Carmany, cashier and secre-
tary; Edwin Bonnell, assistant cashier.
The directors are: S. c. BigeIow A
n. Drown, F. H. Woods, Horace Davis
Isaac Hyde, E. C. Burr, G.. F. Good,
man, Arthur A Smith and Willis y
Davis.
The San Francisco call., 1897-12-19

The history of banks and banking in
California is subject which has re-
ceived scant attention from the writer's
who from time to time have reviewed
the romantic period of the Argonauts.
Distinguished nOvelists have based
some of their most stirring tales in
the California of early days, poets have
sung of the days of old, the days of
gold, the days of 40" but few have de-
scrlbed the birth, infancy and growth
to healthy maturity of a system of
finance, which has had as much to do
with the development and progress of
this great commonwealth as any other
agency which can be called to mind
The question of finance and the rela-
tions which banking bear to it is one in
which business community is greatly
interested. The banks, being a finan-
claI barometer, register, as it We're,
the industrial conditions of the nation.
When banks do a fiourishing business,
the people are prosperous; when finan-
cial institutions are driven to the wall
disaster distress and suffering in every
community affected are inevitable.
The San Francisco call., 1897-12-19
MUTUAL
SAVINGS
BANK.
Z < :; :; y x & K x x x x X X x x x x < X :

street are some of the best-known
financiers of San Francisco. 1t is a
reliable concern and has a guaranteed
capital of $1,OOO,O0O, of which 100000
has been paid in. Mayor James D.
Phelan is president and George A.
Story cashier. The directors are:
James D. Phelan. S. G. Murphy, ]. A.
Hooper, Frank Sullivan, L. P. Drexler,
James Moff1t, c. G. Hooker, Robert
McElroy and Joseph D. Grant.
The bank does a general banking
business and pays interest on term and
ordinary deposits. Loans on approved
securities are freely made. The man
agement of the bank is noted for it's
conservatism, to which it's rapid rise
in recent years may be attributed.
There is no business, trade or pro-
fession that can not use advertising in
some form successfully and profitably.
The San Francisco call., 1897-12-19

WtSI CUT
ner OF Bush and Sansome streets, is
strong concern, its paid-up capital
amounting to $1,500,000 and surplus and
undivided profits aggregating $1,O00,-
600. 1t transacts large business, and
includes the issuance of commercial
and travellers credits, available in all
parts of the world. It's safe deposit de-
partment is a popular feature. S. G.
Murphy is president and James Moffit
vice president. The directors are: S.
G. Murphy, George A. Low, Thomas
Jennings, James Moffit, James D. Phe-
Ian, ]. A. Hooper, George C. Perkins, N.
Van Bergen and ]. Downey Harvey.
The San Francisco call., 1897-12-19


values, increased to a point of infa-
ton, occurred in 1850. During this
memorable year business was active
to an extraordinary degree, the cost of
necessities was enormous, and real es-
tate values enhanced to a degree which
alarmed conservative business men,
whose judgment told them that such a
state Of things could not possibly last.
In fact, by the middle of that year the
situation became alarming. Three new
banks had opened their doors in the
early part Of the year, and fiercely
competed with the institutions pre-
viousIy established. The first was the
firm Of Tallant & Wilde, opened in
February, the next was Page, Bacon
& Co, opened in April, and the third
was j. Argent, who opened in June.
BY reason Of this competition, and the
state Of things referred to, the banks
were to be subjected to the crucial
test. In September, the banks of Ma
glee & Co. closed it's doors forever in
consequence of it's failure to realize on
some of it's real estate, upon whose fic-
titious value heavy loans had been
made. The suspension Of the bank
created a great excitement and runs
were made upon every bank doing bust
ness in the city. The banks, however,
without being able to meet all demands
made upon them, succeeded in restor-
ing the confidence of depositors to the
The San Francisco call., 1897-12-19
BANK OF
BRITISH NORTH
AMERICA.

ed in 1895 and incorporated by royal
charter in 1910. The San Francisco
agency is at 10 Sansome street. The
soidity of the concern is evidenced by
its huge paid-up capital of $4,S66, ,666 &c
and reserve fund of $1,33S, 1893 SO. A
general banking business in all its
branches is transacted. Its correspon-
dents are located in every part of the
British dominion. H. NJ. J. McMichael
and j. r. Ambrose are the local agents.
The San Francisco call., 1897-12-19

degree that they were enabled to keep
their doors open as usual. 1t was to be
expected that period of general bank
ruptcy and financial embarrassment
would follow, and in this no one was
disappointed. The values of real prop
erty fell faster than they had ever ad-
Vanced and for a long period invest
ments in city property were entirely
abandoned. This resulted in the failure
on October 8 of Wells & Co.'S bank
All the other firms met the renewed
demands made upon them, and ere
ated a public confidence in their solid
ity, which served to revive business on
safer and more prosperous basis The
two banks named were the only fail
ures recorded in this, the first finan-
cial panic of San Francisco.
In 1852, no less than twenty firms
We're engaged in the banking business
in San Francisco. The population at
this time was $4,000, and the annual
shipments Of gold amounted to about
$50 900, 900. Most of these firms were
more or less interested in merchandise
and commercial trading in the first
place. drifting gradually into banking,
more from necessity than choice.
Nearly every block in the growing city
had its bank; not in the ramshackle
buildings of three years previous, but
in elegant brick structures, the mate
rials for which had been brought
around the Horn. In 1852 the banking
firms included the following: Adams
& Co., F. Argent & Co, Burgoyne &
Co, McNulty & Co., B. Davidson; Del
essert, Cordier & Co; Drexel, Sather &
Church; GOddefrOy, Sillen & CO.; James
King of William; Palmer. Cook 6, Co. ::
Page, Bacon & Co, Sanders &, Bren-
ham, Tallant & Wilde and Wells, Far
go & Co, In addition to these there
were men who were engaged not quite
so exclusively in the banking business.
Joseph w. Gregory, a forwarding
agent at 155 Montgomery street, ac-
cepted deposits from his customers.
Robinson & Co. did business of a SINH
lar nature for time at the corner of
Clay and Montgomery streets. Frank
G. Smith conducted a small concern at
the corner of Sansome and CONNER
cial streets, and Todd's express, To-
Gated at the corner of Montgomery and
Merchant streets, combined banking
with the forwarding business.
The San Francisco call., 1897-12-19
The San

Sather Banking Company, which was
established in 1851. The change to a
national bank was consummated early
in the present month. The business of
the bank is large and it's standing in
financial circles is of the best. 1t has
capital of $1,0O0000. 1t issues letters
Of credit on London and Paris and
makes collections in any part of the
United States. James K. Wilson is
president and L. 1. Cowgirl cashier.
The directors are: Albert Miller, F..
w. Sumner, Victor II. Metcalf, w. F..
Johnson, Ed G.. Lukens, James K.
Wilson, c. S. Benedict.
The San Francisco call., 1897-12-19

the corner of California and Mont
gomery streets, has a paid-up capital
of $1,000,0e0 and a surplus of S120 600.
Its business includes collections, the re-
ceiving of deposits subject to check,
and it acts as trustee Of mortgages of
corporations and individuals. Safe de-
posit boxes are rented at prices from
S. a year upward, according to size ].
ID. Fry is president, Henry Williams
vice-president and ]. Dalzell Brown
secretary and treasurer.
The San Francisco call., 1897-12-19
3 = e < = Z z Z Z Z = = Z Z z Z Z = z
HlBERNlH ::
SAVINGS AND LOAN I
SOCIETY. ),

y y = = = ;; y y x x < = = X \ x oil. n,1as-
ton the most ponderous savings in
sutution of the West. By the wise
and conservative methods of it's man
ayers it has assumed the leading place
among the banks of San Francisco
The bank was located for many years
at the corner of Market and Mont
Somery streets. but about five years
ago it was removed to its elegant and
permanent home at the corner of
Jones and McAllister streets. To show
the soidity of this concern it is only
necessary TO give the following state
ment recently issued:
ASSETS.
1-Promissory notes and the debts
thereby secured, the actual
value of which .s2s. 6s1 s55. .O7
value of which is,............ - 12s, 500. 90
S-Bonds of the United States
(SS 600. .O0) and of the Dis
trict of Columbia (s5O6, 900 .OO),
the actual value of which is. S,949. 565. 30
4-Miscellaneous bonds, the actual
value of which is............,... - 1,473,s1S. IS
5-Interest on miscellaneous bonds
Ca)~Real estate -: ............ 88i87S %
tb)-The land and building in
which said corporation
keeps its said office. the
actual value of which is. 562. 226. u
7-Cash 1915. 1851
Total assets ....................s8 $50 4o7 SIS. .72
LIABILITIES.
1-Due $50 646 927 43
2-Premium on bonds, actual value. 2,6S9 90
S-Reserve fund, actual value....... 275S,3l1. .3s
Total liabilities es..............$3 $39. .4o7. SIS. .72
The San Francisco call., 1897-12-19
:; x = x < x < x x x x = y = = x x = = x < x x = =: x < x x
TALLANT BANKING
COMPANY a
CONSERVATIVE HOUSE.

- - - - - : : Z !, n
name of Tallant & Wilde, and ranks as
the Oldest commercial bank in the city.
1t is now owned entirely by the family
of Drury j. Tallant, its founder. It was
est commercial bank in the city. It is
now owned entirely by the family of
Drury j. Tallant, its founder 1t was
reincorporated in 1891 with a capital
of $l,OOO,0O9. It's assets aggregate ST.
31S,739 Is, divided as follows: Real es-
tate, $lO3,167 62; invested in stocks,
bonds and warrants, $44, ,910; loans on
real estate. $231,376 5S; loans on other
securities, SOS, 500; loans on personal Sc
curity, S557,775 OF; money on hand,
$15S, ,266 80; due from banks and bank
ers, $47,965 90; other assets, s36, 1877 45.
The officers of the bank are: John D.
Tallant. president; Frederick w. Tai
liant, vice president, and John D. Nc
kee, cashier. The business of the bank
is extensive and its solidity has never
been questioned. Under the wise and
conservative policy of the manage
ment it has enjoyed unexampled pros
perity.
The San Francisco call., 1897-12-19

' q .
for its cIearness as to data furnished bv
the period preceding the year 1851.
San Francisco being the objective
point Of the emigrants, miners and for
tune hunters from every part of the
world, this city naturally became a
great banking center. There was no
institution prior to 184S which made a
distinct feature of banking, but every
storekeeper and merchant in the town
indirectly acted as banker by receiv-
ing coin and gold dust on deposit, or in
exchange for commodities. Among the
firms engaged in this business were
Mellus, Howard & Co, Dewitt & Har-
risOn, W. H. Davis, Ward 6, Co, Cross
q Co., and MacOndray & Co.-names
still familiar in mercantile circles.
They enjoyed the confidence of the
new community, for they never be
trayed the trust reposed in them by the
strangers with whom they had occa-
sion TO do business.
The discovery Of gold in 1913 gave the
necessary impetus to legitimate bank
ing, for in the latter part of that year
the first institution dignified by the
name of a bank was established on the
Plaza in front Of the old City Hall site
on Kearny street. This pioneer bank
ing establishment, known as the
Miners Bank, and conducted by
Wright & Co., paid rent of S75, 900 a
year for its quarters, which were
shared in part with a stable! The bank
accepted deposits and loaned money to
borrowers, who were charged interest
ranging from to 15 per cent per
month, according to their financial
standing in the community. The
n
but its regular banking methods being
crude, and the population of the city
swelling by the arrival of every steam
er it was to be expected that the
Miners Bank could not long hold a
monopoly in the banking field. On
January 9, 1S49, the first bank to do
business in accordance with the pre-
vailing rules Of banking in vogue in the
United States was opened by H. NJ.
Naglee & Co. MIR. Naglee was an ex-
captain in Stevenson's regiment, and
his partner was a well known mer-
chant named Richard H. Sinton. This
bank won immediate popularity and as
others now sprang into the field in
rapid succession, it may be said that
the history of banking in California
properly dates from the year 1849.
In 1S49, San Francisco had a popula-
ton Of 10000 but this number was in
creasing rapidly every month. Receipts
of gold were also increasing, and the
price of dust had advanced from $40 so
an ounce in 184S, to SIS rs an ounce
within twelve months. The need of
more banks was apparent and in quick
succession three institutions made bids
for public favor. These were Bur
goyne & Co, opened June 5; B. David
son, opened in September: Wells & Co.,
in October, and James King of Will
liam on December 8.
The San Francisco call., 1897-12-19

The Hi
b e = II i a
S a wings
and Loan
S 0 C i ETY.
is beyond
The San Francisco call., 1897-12-19
= % % o % % % . . - . >
PRIMITIVE METHODS :
GIVE Way TO I
DEVELOPMENT. )

n e
banking business in this city dur
ing the first decade of it's exist
ence. The year 1855 was the be-
ginning of a series of financial disturb
ances which continued for years and
were responsible for the failure of
Page, Bacon & Brown, Adams & Co.
and Palmer, Cook & Co. During this
panic Wells, Fargo & Co. suspended
payments for three days, unnecessar-
lily, as was afterward demonstrated
and DreXel, Sather & Church were
forced to suspend for a time owing to
the loss of the steamship Central
American with $500, 900 in gold on
board. The Fraser River excitement of
1858 served to unsettle business for
two years. and many of the smaller
banking concerns retired from the
field. Those that remained formed the
nucleus of the banking system Of to-
day.
In the beginning of the second de-
cade of banking the primitive methods
Of the banker began to give way be-
fore the gradual process of develop
ment through which the State was
passing. Agriculture was becoming a
strong rival of mining, and while the
one was building up the financial re-
sources of the community, the other
began to make heavy drafts upon the
reserves of coin. The rate of interest
declined with the expansion of the
profitable employment of capital Other
banks sprang into existence from year
to year, the competition in this field
being therefore very active. During
the SOS there were many business fail
ures, in consequence of which numer-
Gus banks were obliged to retire from
the field. Later came the rich discov-
cries on the Comstock, the output of
which found its way to San Francisco.
The banks had plenty of money, and
the disposition of their managers was
to keep it in circulation as much as
possible. Mushroom concerns arose
periodically, but they did not last long,
and toward the close of 1874, when the
Consolidated Virginia and California
mines on the Comstock lode began to
boom, the banks which are in existence
to-day reaped the benefits. It is true
the period had its upheavals and severe
depressions in the money market, but
the effect was temporary, and while
few weak concerns went down, the ma
jority rode the storm in safety. 1t is
of these banks that it is now proposed
to give some account.
The San Francisco call., 1897-12-19

The Ne
vada Bank
inco or
ated in Oc-
tober, 1875,
has a rep
~ n 4 / n ~
The San Francisco call., 1897-12-19

The An
glo-CaIi-
f o nj a n
b a n k / S
one of the
& re at fl
The San Francisco call., 1897-12-19

G o n
n e C t e d
with the
NJ u t u a /
S a vi n g s
Bank at
SO P o S t
The San Francisco call., 1897-12-19

w e / | S
Fargo &
Co. S Bank
was eStab-
lishe d in
1852 as an
a6ilInCt fO
The San Francisco call., 1897-12-19

Z Z y y Z Z < x = = y X X x :; y ;. y = Amo g
!: j: the finan-
( GERMHN * ciaI ins+i-
< oAVin0S AND LOAN !: tutions of
! SOCiEIY. ); San Fran
: = = = cisco the
Ger m a n
The San Francisco call., 1897-12-19

S p a c e
viii II O [
pc rnnit a
det a | e d
sketch o {
the growth
\,
The San Francisco call., 1897-12-19

7 h e
Bank of
B T i t i S h
N o r t h
A m erica
w as eS-
/ IL l.
The San Francisco call., 1897-12-19

The Tai
liant Bank
i n g CO.
w a S e S.
ia bl ished
in 1850 un-
The pioneer express. [volume] (Pembina, Dakota [N.D.]) 1883-1928, 1897-11-26
NEARING A CRISIS.

Ex-Minister Taylor Again Speaks on the
Cuban Question.
ITHACA, N. Y, Nov. 22.-So large
were the crowds which went to Cornell
university that Baines hall, where it
had been announced that an address on
Cuba by Hannis Taylor, ex.United
States minister to Spain, would be de.
.ivered, was found to be inadequate to
hold them, and the meeting place had
to be changed to Library hall, where
about 1000 were accommodated. The
audience was strictly in sympathy with
the speaker in every statement regard
ing Cuba. Mr.. Taylor said in part:
Events are moving fast, and no
man, not even the president, can stop
them. No real statesman ever tried to
avoid crisis by turning his back upon
it or BY self-decepsion. II The presi-
dent makes the fatal mistake of at
tempting longer to muzzle congress by
putting his imprimatur upon false
,kopes and empty illusions, before the
ink is dry upon his message, events will
discredit oil his predictions. Let con.
gress but speak the final and emphatic
word recognition, and in 30 days the
long and bloody tragedy will be over,
the whole Christian world will rejoice
and say amen; Spain will be rescued
from an: impossible situation, there wi
be no war with the United States and
Cuba will be Free
The pioneer express. [volume] (Pembina, Dakota [N.D.]) 1883-1928, 1897-11-26
FRANK NovAK's DEFENSE.

Novel Explanation Of the Alleged sense.
tional Murder Of Murray. y
VINToN. La. Nov. ga line Of
defense without parallel in the history
Of murder trials has been adopted by
the attorneys for Frank Novak, accused
Of the sensational murder Of Edward
Murray on the night Of Feb. y last.
Summarized. it is claimed that ON the
night in question Novak was awakened
by the fire which destroyed his store,
but only altar he had been % overcome
by the gates in the building that he
was not accountable for his actions,
and that before he had recovered from
this temporary alteration Of the mind
he had wandered 90 far away from
home that 1t was then inn possible for
him to return. On the other hand. it is
claimed that Murray did not arouse
and was totally overcome by the gases;
that in falling to the basement below
he struck his head causing the fracture
OF the skull which the prosecution
claims resulted from q blow inflicted BY
Novak ~ . ~
The pioneer express. [volume] (Pembina, Dakota [N.D.]) 1883-1928, 1897-11-26


SNass . the Turks Aakiae 1sr 1hat Iattls
War Indsmaity nalanos.
CoNsrANT1NoPLE, Nov. 22.-The Of.
licials OF the Russian embassy have
sent q second note to the Turkish min.
lister pointing ont that in times Of dif.
aculty Russia abstained from urging
the payment Of the war debt due her By
Turkey; but now that the government
Of Turkey has daCided upon fresh
ornaments which are not warranted
by the present situation Russia demands
. portion Of the arrears, ON the same
grounds that Austria urged the pay.
ment Of the claims due TO the Oriental
railroad, an Austrian corporation, foz
transporting Turkish troops during the
recent war with Greece.
In consequence Of this oommunica-
ton, the porte has informed the Rus.
sian charge d'affaires that nothing has
been decided upon concerning arma-
ments, ct the same time bestowing
upon that official the grand Gordon OF
the Osmanli order. 3
It is believed the Turkish government
win now drop it's plan for tho reorgani.
cation of the navy. although the officials
of the German embassy have been in.
structed to support the offers Of the
German firms to reconstruct the feet
and supply the Turkish government
with the necessary arms, ammunition
and uniforms
The pioneer express. [volume] (Pembina, Dakota [N.D.]) 1883-1928, 1897-11-26
! = Ient Ceustas Using Troops
~ Hin Efforts to Become
Dictator.
!! ~ Principal Opponent virtu.
n q lily Held 4 Prisoner at
Montevideo.
Minister Taylor Again Speaks
Regarding the Cuban
MI Situation

Sal [oNTEv1DEo, Uruguay, Nov. 22.-1t
III rumored-and the rumor can be
aGily traced to high sources-that the
resident ad interim, Senior eeustas. in
to1ds to establish dictatorship. He
has taken extraordinary powers to pre-.
went . rebellion, and Montevideo ID
Afactically under martial law.
Under the presidents orders troops
have occupied all the strategic points Of
the city and the excitement is intense.
Cannon have been run into positions
overlooking the Plaza de Armas, to
prevent the gathering of crowds there.
h and troops are now ON guard all over
\ the city.
ESs In the meantime, President Ceustas
has placed q strong guard around the
II block in which is situated the home of
4 Senior Julio Herrera and Senior Her.
:rera is a prisoner. He is Senior Ceus.
tas' principal opponent in the race for
3 president. and it is believed he is at the
head Of the movement which has for
b Its purpose the overthrow of Ceustas by
force. It is to prevent such a move.
ment that President Ceustas has taken
radical steps.
Senior Ceustas was formerly president
\ Of the senate, and when President Bon.
da was assassinated took the presidency
sad interim.