The San Francisco call., 1906-08-27
STATE TREASURER
DECLINES FUR
Their OFFICE
Truman Reeves, Treas
urer of California, En-
barks in Mercantile
Business.

Truman Reeves, twice unanimously
nominated, and elected each time by a
large majority, Treasurer of the State
of California, has, notwithstanding the
earnest solicitation of his many polit-
ieal friends and adherents, announced
that he will not accept the renomina-
tion at the hands of his party to that
Office He gives as his reason that he
has accepted the official position with
tho Pacific Syndicate Stores Company
as secretary and treasurer, which will
necessitate his giving to that office his
entire time and energy after January
l, when his present term expires.
The Pacific Syndicate Stores Com
pany is mercantile corporation re-
Gently organized. and has for It's object
the establishment and operation of a
chain of 5. 10 and Is cent stores
throughout the Pacific Coast and ad-
joining States. These stores will be op-
Grated Oh the same lines as those or
the Woolworth, Knox and Kirby syn
dicates, so familiar to the Eastern pub
lie. Many of the men employed by this
company as department managers, su-
perintendents and the like have been
for many years with the large Eastern
5, 10 and Is cent syndicates. These
men are under the immediate super
vision of Mr.. H. B. Wood. brotherin-
law of F. w. Woolworth of New York
City. Mr.. Wood was associated for
many years with the Woolworth syndi-
cate. and has opened more than fifty
stores for that company. He is now in
Los Angeles experimenting the open
ing of several stores in Southern CAL
ifornia. The Los Angeles store. now
being opened at 529-531 South Broad
way, will be, he says, the largest and
firest 5, 10 and 15 cent store in Amer
lea. Mr.. Wood also states that another
large store will be opened in Oakland
about November 1. The general offices
of the company are located at 40S-409
I.ankershim building, Los Angeles, in
cluding also Mr.. Woods present head
quarters.
The men at the head of this COM
pany are very prominent in business
and financial circles on the Pacific
Coast The president is Colonel u. B.
Fuller, ex-Bank Commissioner of the
State of California. Hon. Truman
Reeves, the present State Treasurer,
is secretary and treasurer of this cor
poration. The other three members of
the board of directors are very prom
inent in their sections of the country.
Captain E. E. Caine is a we'll known
capitalist and ship owner of Seattle,
Wash. T. K. Stateler is general agent
of the Northern Pacific Railway, San
Francisco. w. ]. Fisher is a large real
estate owner and prominent capitalist
of Los Angeles, Cal.
Mr.. Reeves and Colonel Fuller state
that, as they are the organizers of this
company and are personally RESPONSE
bic for its success. the affairs of the
corporation will be at all times under
their Immediate and direct supervision
They also state that the Los Angeles
Riverside, Redlands, San Bernardino
ard several other Southern California
stores are now under way. Negotia-
tions are pending for large storerooms
in San Bernardino, Seattle, Portland
and other Pacific Coast cities. This
company will ultimately operate over
fifty stores.
The officers and directors of the COM
pany are all enthusiastic in this enter
prise. Judging from the enormous sue
cess that similar sypdicates have made
in the East and the millions they have
made for their shareholders, and from
the fact that this company has a new
field, practically no competition, splen-
did buying connections and a strong
directorate. there is no doubt that II
will be one of the most successful and
profitable enterprises operating on the
Pacific Coast.