Devils Lake inter-ocean and Devils Lake free press. (Devils Lake, Ramsey County, N.D.) 1905-1909, 1906-05-04

between GOV. faruse anu maj. Ten.
Greedy, although Gov. Pardee in a 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 endorsements, 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. n
Oakland Aims at Supremacy. 5
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
classes. So serious is the situation
regarded that the meeting of the ex-
ecutive committee was devoted almost
solely to this feature. The many
plans of the Oakland ,omers, the in
ducements offered to San Francisco
firms 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-
bers, and that all who went there
were required to sign flve-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.
he 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
looting 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 off. 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 CT Banks.
All of San Francisco's A banks, 80
commercial and IL savings, will be
located within an area of the burned
district. Inspection has revealed tho
fact that the vaults in eyery instance
remain intass, 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 1 last, the value of the
buildings aggregated $6,065,0 Add
to this total the valuation Of premises
occupied by the ten national banks,
$927,295, and the aggregate is ST.
992, 1927.
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 $780,.
600, sum which in no way impairs
their financial standing.
The buildings and fixtures are part
~ insured, and this will cut down the
loss to less figure, but how much
cannot be stated with any degree Of
defniteness at this time.
Millions Immediately Available.
The money on hand in the 80 COM
mercial banks at the, time was $16,-
551, 454, while the savings banks have
coin in hand to the amount Of So
9S8,804. Add to this the $10,03O,7 65
in specie in the vaults Of the ten ma
tional banks and there is an aggre-
gate Of s3O,571 ,032 in coin immediate
ly available. 4. 5s 8..5;i
The amount of money due the three
classes of banks from other banks and
bankers was $37, 9s7 900, Of which,
however, only SIS 100000 due from
outside banks can be figured on, the
balance being due from other San
Francisco banks. This brings the
total money within its reach up tc
more than $4,000, 900.
| In the line Of convertible securities
these banks held stocks and bonds val