The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-04-24
RESUMPTION OF BUSINESS.
Bankers Think a Thirty Daysf' Holiday
NAV He Needed,

SAN Francisco, April 23--The resump-
ton of the banking business immediately
is out Of the question and the moneyed
men think that thirty days will pass before
they will be prepared to minister to the
financial needs of the community. After
the, Baltimore fire, when the vaults were
opened within two weeks, the contents
Of many Of the receptacles burst into tiames,
not ha ving had an opportunity TO cool.
No one is in need Of money just now, ex-
cept for food, and no one would be so I'M
reasonable as to expect ut for other pur
poses at this time.
This committee has bee appointed to
confer with Gov. Pardee in respect TO q
thirty day legal holiday. /. W. Hellman,
Jr., Nevada Bank; h. W. Anderson, Bank.
OF California; Rudolph Spreckels, First
National. !. ". Holman reported that
he has seer Gov. Pardee. and that the latter
expressed a wish to do the best he could
for the people. whether if be, in the way OF
legisl la ton or of declaring legal holidays.
Every effort is being made to arrange
for distribution Of none for financial
purposes, and Yesterday Sub-1reasurer
Jacobs fel%egraphed to the secretary of thee
Treasury at Washington for permission
to use the money at the mint until such
time as the debris can be removed from
the Sub-Treasalry vaults. Definite ar
engagements were nude yesterday for the'
finance committee to meet daily at the
Esberg residence on Buchanan and Pacific,
venues Plans will be formulated to pay
workmen and use-the contributions OF funds
that are pouring Oh to advantage.
The real estate men of San Francisco
| express confidence. in the future California.
They believe that inside of sixty days it
will be the ~liveliest camp" California has
ever seen. That tins is no misplaced con-
fdence is indicated by the fact that /. w.
HelIman, president of the Nevada Bank,
has sent east for $4,000 900 to be invested
! In new structures in this city.
It is estimated that $4,000 900 OF new
building contracts will be let as soon as
the builders are ready to accept work.
There was an informal meeting yester-
dsv OF representatives of leading insur-
ance companies, and the general expression
was hat they would pay to the last dollar.
It was also stated that the companies would
not seek to take advantage OF the earth
Quake clauses written in their policies.
1t is not only a sens OF Obligation that
moves the insurance companies TO act as
they pTopOse, Dut VI p"""'S C'
ia said that a majority Of the insurance
companies made it a rule'not to carry more
on the average than $20nDO insurance on
a block. Some companies made the aver
age $4,000 block.
j. H.. Owen, a paint manufactures OF
New York, il on the way home. Louis
Book. who represented Golden Bros. OF
New York, with headquarters at ll Suffer
street, said the firm lost heavily by fire.
such large firms as Murphy Grant, Lew
Strauss, Bellcr, Bachman, julius Lew
Baker Bros. and many others are large
employers of commercial travellers and
these men, whose work has been cut on
have been unable to cash checks and are
obliged to seek assistance from strangers.
A large number Of stranded Eastern
statesmen with branch houses in San Fran
cisco are Fastening to the Atlantic coast.