The San Francisco call., 1906-05-29
SAVINGS BANKS
ARE ALL OPEN
Money Is Not Demanded
In Large Amounts
at Counters.
Institutions Resume Bus
mess in the Old
Locations.

The opening OF the San Francisco Saw
| ings Union, the Savings and Loan So
ciety. the Security Savings Bank and the
| California Safe Deposit and Trust Com
pany bank, which took place yesterday,
showed again the general solidity of the
financial institutions OF the city and also
the confidence that the public entertains.
There are all kinds of money in San
Francisco said fnancier who stosd and
watched the steady payment, without
stint. to depositors in the several saw
ings banks. At the same time, in every
bank opening yesterday. as was the case
in the banks that previously opened, the
depositors who came to find a safe place
in which to put their funds were numer
oUs.
At none of the banking houses that
threw open their doors yesterday was
there long line of people. Two hours
after the opening at the San Francisco
Savings Unions temporary quarters in
the China building, northwest corner of
California and Montgomery streets, there
were not a dozen persons in the banking
rooms.
Everything is quiet as you see said
President Pond. There is no large de-
nland for money. Our depositors can get
all that they are entitled to on the face
of the books There is no limit to the
amounts that will be paid out on de-
mand. Depositors are evidently getting
some money to meet living expenses. That
is all. The new deposits are noticeable"
BUSINESS SAME AS USUAL.
The loan and insurance departments of
The San Francisco Savings Union are
temporarily situa ted in the Kohl build
ing. on the opposite side of Montgomery
street There mortgago:s counseled with
the bank officials. who have an interest
in relation 10 their insurance policies that
are assigned TO the bank. This depart
ment of the Savings Union was fully as
lively the one where the depositors
were drawing money. The business of
the entire bank was not much more than
the customary volume before the fire.
The San Francisco Savings Union is the
third savings bank in size in California.
At the banking house of the California
Safe Deposit and Trust Company. where
both commercial and savings bank busi-
ness is transacted, the general story that
applies to all other banks in San Fran
cisco that have opened since the fire fitted
very we'll Commercial deposits were
placed in the commercial department.
Savings deposits found their way over
the counter of the receiving teller. An
entire absence of excitement and a very
small number Of visitors seeking to get
cash were observable
We opened up today for business, which |
is going on just the same as before the
fire, and everything is entirely satisfac
tory" This was the statement that Pres |
i6ent j. Dalzel Brown made at noon, |
after the banking house had been open |
three hours. Business men are max |
ing commercial deposits The entire sit !
ua ton is evidently very strong. We pride |
ourselves on the appearance of our tenn
porary quarters. The return of the banks |
to California and Montgomery streets |
shows that this is banking and finan |
cial center. We have been notified by |
the San Francisco Surety Company that /
they will return and occupy their own |
old quarters next to us"
The Savings and Loan Society opened |
In q temporary structure the old site /
at Sutter and Montgomery streets. Cash |
er Bonnell said that there was no great |
demand for money Depositors needed /
some coin for necessities and that was
about all they took out of the institution. |
fhe amount OF business was not more |
than was common on any business day
before the fire.
OUTLOOK is EXCELLENT