The San Francisco call., 1910-01-15
Decoration DgtQIS Of FabOraVy New Banks Are PdfGdgd
IMMENSE AMOUNT
LOANED ON REALTY
Financial Report Shows Sums
Advanced BY. Different
Institutions

The statements made. by Thomas
Magee & Sons relating to san Fran
cisco realty in 1909, as embodied in
advance sheets. have been supplement-
ed by an elaborate review of the loans
effected and the conditions which OBJ
tanned. Some of the statements en-.
bodied therein are as follows:
Out of a total of s44.9SS, 2O5 borrowed
on real estate during the last year our
savings banks ana trust companies
loaned S27.t6O 463-over 81 per cent OF
the total money loaned. The Hibernisl
Bank loaned SS.2S3.I99 on 1.343 mort
cages. the German bank loaned S6.946.-
$40 on 1,z2l mortgages; the san Fran
219 mortgages. the First federal etrusC
company loaned 81. 450.0 on two mort
cages; the Savings and Loan society
loaned $1,269.435 on ia mortgages, the
Mutual savings bank loaned S1.25S,9Sl
on 209 mortgages, the Union trust COM
-any loaned Sl,lSS,O00 on 3 mOrtgages.
the Humboldt savings bank loaned ST.
107.ST5 on Pal mortgages; the French
savin@s bank loaned S79S.69O on $50
mortgages; the Bank Of Italy loaned
S505,200 on 209 mortgages. the Security
savings bank loaned S474.21T on lt
mortgages; the Mission savings bank
loaned s2S7.S00 on 15S mortgages; the
Columbus savings and loan society
loaned S251-261 on SO mortgages, the
Mercantile trust company loaned 81 81
20 on mortgages: the Mechanics say
lngS bank loaned SI2O.0l5 on 81 mort
cages; the Central trust company
loaned s115.950 on 1S mortgages; the
Metropolis trust and savings bank
loaned 100000 on mortgages, and the
Scandinavian savings bank loaned
$4,000 on Is mortgages.
EASTERN LOANS
Eastern financial institutions made
three loans for a total OF 1880, 600 dur
ing the period under review. The total
loans made by eastern financial instf-
tutions since the fire amount to $40
S20.500- The lOaning Of this amount
of money from eastern sources did much
TO help TO rebuild san Francisco at q
time when money was difficult to obtain
and when it was very much appreciated
by reason of the heavy drain on our
interest on these eastern loans was at
rates lower than it w-aS possible to OBJ
tain from local sources In nearly ev-
cry case these eastern loans We're made
on a basis of ; per cent net.
INSURANCE: COMPANIES
The Pacific Mutual life Insurance.
company made IL loans dUTino 1909 for
total of S1,300.000. This company. the
largest California life Insurance com
pany has therefore done much TO help
our rebuilding situation The Fire
mans Fund insurance company loaned
$327. 600 on four mOrt ages. while the
regents of the state university loaned
1896. 900. and the trustees of Stanford
university loaned S50,030 and the West
Coast life Insurance company loaned
$4,000 The building and loan aSsOcia-
tiOnS together loaned S472.539. other
financial institutions IN California out O.
side of San Francisco loaned 1856. 45t.
respect makes S1,67S~ ~664 loaned by these
institutions on San Francisco real eS-
tate since the fire. The largest single
institution included in this class is the
San Jose Safe Deposit Bank of savings
which has loaned S1.0S2.0O0 of said
amount