The San Francisco call., 1906-06-10
FINDS BANKING
OUTLOOK GOOD
Commissioner Duns-
moor Makes Review of
PreSentConditionS.
Increase of Deposits
Keeps Up Its Rate of
Progression.

review of the banking conditions
in California has been prepared by c.
H Dunsmoor. president of the Cali
1Ornla Bank Commissioners. Mr.. Duns-
moor finds that a continuation of the
same wonderful increase in deposits
and assets that has characterized the
banking history of this State for the
last ten years is observable. He bases
this statement upon returns from 25e
OF the $50 banks in California
The facts as ascertained by Com
missioner DunsmOor are as follows:
California banks have enjoyed dur
ing the last ten years remarkable
growth or increase in deposits, aver
aging $4,000 000 annually
The Bank Comm issionerS had on the
18th OF April sent out d call for reports
showing the condition Of the various
banks. as same appeared at the close
OF business April 18th Many OF the
reports were consumed by the great
IRE. However. some three hundred and
nifty reports haNe been received anG
compiled out OF the four hundred ano
fifty banks in the State those Sc far
received showing . continuation of the
same wonderful increase in deposits
and assets, consequently the banking
situation was never in the history OF
the State in better condition to meet
great emergency than when the dis
astrous IRE occurred in San Francisco
on the 18TH. 1Stn and 10th ult.
The amount due depOsitcrS in Cali
forria was in round numbers $40. 0o0.-
COO WITH aSseLS 70 ssoR meet ee6 ooa same in the
ted as follows:
Savings deposits. .t24S. .oO0. .000
-ASSetS ZI2,O0O.O0o
Commercial deposits. ~...... 292.o0o.o coo
Assets ......... 42I ,o00, 600
More than so PEI cent of such assets
consisted of casa. rrst-class bonds and
amounts due from banks and bankers
all readily convertible into cash
With the Queen City suffering from
the greatest conna grafton ever known
and the people of the State bending
every energy 10 relief and not to bust
ness. what could be done to avert
oiately grasped the situation and de-
clared legal holidays from day to day,
until the bankers had an opportunity
70 exchange the ready assets for
In the meantime the depositors. be-
ing OF the sensible and practical salt
confidence in the ability of the bankers
10 meet all demands. readily saw the
adNisability Of only drawing enough
money 10 meet their requirements for
everyday business.
The wise action on the part of the
chief executive has been productive of
the greatest benefits TO bankers and
The promise of abundant harvests
OF grain and fruits; the unlimited oil
which may be drawn from the Cali
tornla nelcS; the wealth coming from
the coast mines and the fact that there
Is ample employment for mechanics
anu laboring men, together with the
splendid spirit of determination and
ability 70 rebuild a greater San Fran
cisco-an give abundant assurance that
we may confidently look for a continu-
alton OF prosperity.
At the request OF the publicity de-
partment OF the Southern Pacific Com
pany Commissioner Dunsmoor has sup
piled the Southern Pacific with copies
of the review TO be circulated among
banking and commercial journals in
the United States and Europe for puo-
lication.