The San Francisco call., 1909-11-20
CITY'S PROPERTIES
TOTAL$539,4O7,347
Los Angeles ExceIs in Assess
ment. but Falls Far Below
in Credit

From the Office OF the state cohbrOiei
at sacramento a document OF great
interest TO the businessmen of Cali
fornia has just been issued. 1t deals
with billions Of dollars in the aggre-
gate and 1t finally puts to rest the ques-
zion of the present relative values of
property and other matter relating to
realty throughout the state of Cali
fornia. The statement Of leading i'm
portance that it contains is that the
total value OF all property in Cali
fornia. as returned by auditors, is
s2.Sl6.574,27l This represents the
value Of realty. the value Of improve
ments on real estate the value OF per-
sonal property and the amount OF
money in solvent credits to be credit
ed TO each county in the state. Under
these items the following totals are
made to appear:
Value Of real estate 81 So oo,',,ss ss
improvements on real estate. 5!L'ooe-oSSss oSs
Value Of personal property St1-oo2'oes oes
Money in solvent credits. s.-.-..---- 4''sso'too
When the value of railroads, as
assessed by the state board OF equah-
cation is included. the grand total Nalue
Of all property is found to be $2,45S,-
65e.544 The amount at which the rail-
eoualizers is S122.OS2273. The original
assessed value Of mortgages IN all
counties is stated TO be sl49,S44,S5S.
The assessed value of the university
and other state mortgages is $l,S54,o4V.
The funded debt of all the counties
combined amounts to s1T,S53,600 and
the floating debt with estimated in
ferest at s144.Tl0.5O. This makes the
total Indebtedness of the counties
El7 ,99S,310.5O.
SURPRISES IN FIGURES,
There are some surprises undoubted-
az that await the average citizen in
vast volume OF figures which the con-
troller has summarized and placed in
parallel columns. II appears, for in
stance. that the county Of Los Angeles
is estimated TO be worth S595,S193 361-
The property of San Francisco is esti-
mated at S539.4S7.347. The only other
county that comes in the hundred mil
lion dollar class Of property valuations
is Alameda county. which is found 10
be worth S210.512.357- OF course, IN
the Los Angeles county figures many
communities are represented and great
tracts Of orange bearing land, rail
roads oil districts and the like, while
san Francisco is represented entirely
by local real and personal property,
improvements on real estate. railroads
and the like.
The value of railroads in Los An
geles county is estimated TO be $S,396,
z73. These figures are fixed by the
state board OF equalization All the
valuation that is placed on the rail-
roads in san Francisco is S3s4.2S2,
which may be considered possibly a
cheap price for the United Railroads
and the trackage and yards of many
miles Of steam railway within the city
and county.
For purposes preference and also
for general enlightenment the figures
officially supplied by the state con-
troller as relates TO a few leading
items for each county are given in the
adjoining table.
THIS CITY's CREDIT
Attention is called to the fact that
san Francisco has, or had at the time
Of preparing the controllers report,
the large value in money and solvent
credits of s3O.6Oe.757, while the total
value represented by all the counties
in the state in those items was but
s479s5,766. so that San Francisco
practically had something like two
thirds Of the money in solvent credits,
a circumstance Illuminating its value
as a commercial factor and as a money
center with great elearness. The
money in solvent credits credited to
Los Angeles amounted TO but $b,S5O,-
20. Alameda county had in money
and solvent credits s2.149,S07, and
these three counties were all that had
millions in such items.
The table contains a great variety
OF information, such as should be made
available generally. The original as
sessed value of mortgages. for in
stance. in San Francisco amounted to
S5S,29I.3I7; that of Alameda county to
s15.634,425, while the total sum Los
Angeles had invested in mortgages was
but $3,s95 ,060. In this particular Los
Angeles was nearly equaled or sur
passed by counties which show mort
cages valued as follows: