The San Francisco call., 1906-07-10
GROWTH Of CITY
CERTAIN, SAYS
LOVELAND.
President Of Jobbers' and
Manufacturers Association
Is Confident of the Future
COMMERCE GROWTH
Even if Coast Were Less
Prolific Trade of East and
Onent Would Be Enough

II. D. Loveland. president Of the Pa
cifc Coast Jobbers' and Manufacturers
Association, has written an article for
distribution through the agency of the
publicity department Of the Southern
Pacific Company in which he makes
the claim that San Francisco could
become greater port in extent Of
commerce handled and promoted than
II has been, solely because of the vast
interests that are concerned in COM
merce in the United States and the
Orient, even If the Pacific Coast States
were less fruitful and wealthy than
they are" and that reinforced by the
stores Of wealth found in fields. mines
and by fisheries and large natural
facilities for the promotion Of trade,
San Francisco's growth Of the past has
but loreshadowed its dawning great
ness"
Mr. Loveland's article. which will
circulate widely, is as follows:
This statement is due to the world,
70 the people Of this city and State,
ano at time when misreprese entations
are given currency that tend TO dlmin-
ish public confidence in the minds of
those 10 whom facts relating TO the
economic conditions Of San Francisco
are less generally known than is de-
The growth Of marine commerce of
the HDAN OA san EIdnEAbCO Is DGSL IL
Illustrated by figures supplied for pres
ent use In the period between 1898
and 1905, inclusive of both years, the
merchandise traffic between San Fran
cisco and foreign countries. the At
lantic States and contiguous territory
rose from s55,S52,044 TO $64,9lS,5O5.
IN the same period the merchandise
imports Of San Francisco were in
creased from S36,063,124 to S44.33s,611
The bank clearings in 1905 in San
Francisco were s1,S34, ,54s,7SS. The bal
ances amounted to $1S7, ,25O. .6O4-74.
From $4,000, 600 the resources Of the
banks of san Francisco increased in
five years TO $4I1.000,000, which
amounted TO net gain Of 73 per cent
In the period between September,
1904, and August, 1905, the number Of
banks in California was increased by
seVenty-siX new institutions, having
SS9,S65.l26 in resources and Sc, 600 coo
in Individual deposits. In 1905 the
banks in operation in the State num-
bered 5O2, and the resources amounted
10 S663 zoe 000. For these figures
am indebted 10 the Bankers Magazine
In tWentY-seHen years the gain in re-
diVldual deposit increased from $685.
100000 to 1892, 623, ,532, a gain of 400
per cent in the same period
II is a truism that what San Fran
cisco has been since its foundation to
April IS 1906, so II will always be, but
in continually increasing Importance
IN relation 10 the trade currents OF
the world. That is. its environments
viii be perpetually favorable; its geo.
graphical position viii insure 1t
proud rank in the roll of the great
cities of the world forever. At this
time il is recovering from the great
fire OF April last. It's strides toward
rehabilitation have been marked and
noteworthy. Business has continued
without interruption of more than q
few days. The principal asset of San
Francisco next TO climatel, its harboI
and sea frontage and the facilities fol
the promotion of shipping and hand
ling of cargOes-Were in full use within
q few days after the embers of the
great fire began TO cool. Means OF
transportation were kept open contin-
ually and the handling Of overland
freights and sea cargoes went or
effectively.
Confidence in the rebuilding of oul
city on lines commensurate with the
greatness of its future is shown not
only by our citizens whose interest:
are here, but TO a remarkable degree
by men who, like Seward, can forecast
the future. AS Seward saw with un-
erring judgment the greatness which
the years had in store for the com
nerce Of the Pacific Ocean, so they
with like ability are enabled to see
the inevitable result which that com
merce and our other unriValed re
sources must bring TO the metropolis
of the Pacific Coast.
renity born Of that confidence they
contemplate the future of our city and
the degeneracy of Nero, who, in his
merry making at the burning OF Rome
but reflected the spirit of his age, finds
its exact antithesis in the spirit of re-
generation manifested by the people
of San Francisco at this time.