Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1906-05-01
PARDEE ASKS FOR
Federal TROOPS
FORMAL APPLICATION FOR
THEIR EMPLOYMENT MADE BY
CALIFORNIA GOVERNOR.
OAKLAND is SEEKING
SUPREMACY OF COAST
Frisco Business Men Are Becoming
Alarmed Less Town Become Me-
tropolis of State-Condition of the
Banks in Burned District.

Washington, April 30.-Gov. Pardee
of California has accepted the presi-
dents suggestion as to the use of fed
eral troops in that state and has filed
a formal application for their en-
ployment, which has been granted. 1t
is stated at the war department that
this removes any doubt as to the le-
gality of the use of the troops, but
will not in any way change the exist
ing status.
The ordering OF the additional troops
was not without clear understanding
between Gov. Pardee and Maj. Gen.
Greedy, although Gov. Pardee in tele-
gram to the President had asked that
the troops be not sent until he had
conferred with Gen. Greedy. He then
withdrew his objections and urged the
sending of reinforcements, at the same
time confirming dispatch from Gen.
Greedy that peace and order in the
city of San Francisco were better than
under ordinary circumstances, and
that the distribution of supplies was
unsatisfactory, and should be central
lied to prevent waste.
Oakland Aims at Supremacy.
San Francisco, April 30.-The ambi-
ton Of Oakland to wrest commercial
supremacy from San Francisco and
the vigorous action already under way
to achieve that end has caused grave
alarm among business men of all
Glasses. So serious is the situation
regarded that the meeting of the ex-
ecutiye committee was devoted almost
solely to this feature. The many
plans of the Oakland boomers, the in
ducements offered to San Francisco
Arms whose plants have been de-
stroyed, and the manner in which
those who settled across the bay were
induced to remain were discussed at
great length.
Thomas MCGEE said the wholesalers
were going to Oakland in great num-
beers, and that all who went there
were required to sign hve-year leases,
thus insuring, practically, that the
change was permanent. Mayor
Schmitz said this movement must be
stopped at all hazards, and that every
facility must be afforded wholesalers
to open temporary quarters in San
francisco.
Looting Recommended.
Col. Frank Maus, of the Twenty
third United States infantry, who has
charge of the third military district
Of the city, with headquarters in
Portsmouth square, is authority that
footing has recommended in China
town and in the ruins of pawnshops
along Kearney street. Much Of this
work, he says, is being done by sight.
seers. Already bushels of bronzes,
brasses and partly melted jewelry have
been carried OF. Col. Maus announces
that he is going to detail special
company to patrol the district and
warns predatory sightseers that the
new patrol will be instructed to shoot
looters.
Bare, ruined walls and drifting dust
are not all that is left Of the burned
district. The monuments at the ends
OF former busy vistas still stand calm
and beautiful amid the wreckage Of
the city. The earthquake spared them
and the flames swept by them. Not
one is injured except the Dewey col
umn in Union square. One point OF
victory's trident is gone.
Condition Of Banks.
All of San Francisco's "A banks, 81
commercial and 12 savings, will be
located within an area Of the burned
district Inspection has revealed the
1,A al r In, 81 of
remain intact, but with probably two
or three exceptions the fine bank
buildings were utterly destroyed
According to the statements filed by
these banks with the bank commits
sion January / last, the value Of the
buildings aggregated $6,0eb.o32. Add
to this total the valuation of premises
occupied by the ten national banks
$927,2s5, and the aggregate Is Sc,
e92,S27.
Two-thirds Of this valuation repre-
sents the land value of the banking
sites. and therefore is not lost, SO the
net loss to the banks Is about $3.50,
000 sum which in no way impairf
their financial standing.
Y
ly insured, and this will cut down the
loss to a less figure. but how much
cannot be stated with any degree Of
deflniteness at this time.
Millions Immediately Available.
The money on hand in the 80 com
mercial banks at the time was SIG,
1.454, while the savings banks have
coin in hand to the amount of So,
988,S04. Add to this the $4,000, 76s
In specie in the vaults of the ten ma
tional banks and there is an aggre
gate of $30,571 ,032 in coin immediate
ly available.
The amount of money due the three
classes of banks from other banks anc
bankers was $37,9S7090, of which
however, only $18.O0O,00O due from
outside banks can be figured on, thu
balance being due from other Sal
Francisco banks. This brings tn
total money within its reach up t
more than s48,000000.
In the line OF convertible securitie
ued at $91 ,191, 100. One-third of this
total represents United States bonds
This one.third, $3O,0oO,O00, brings thu
grand total of money within reach O
San Francisco banks to $7S,OOO,OOO
and 1t is safe to say that sufiicien
additional securities are SO readil.
convertible that the total could b
made $1oo,Ooo,0o0 in ten days.
Only One Paper Suspends.