Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-10-08
CALIFORNIA CROPS
SHOW BIG GROWTH
State Also Benefits by Oil and
Movie Industry--Tour-
lists Aid.
BY JOHN F. SINCLAIR.

BY JOHN F. SINCLAIR.
Special Dispatch to The Star.
LOS ANGELES, Calf, october g.
Southern CALIFORNIA; prosperity, head
ing up in Los Angeles, seems to be the
result Of its activities in four lines
citrus, oil, movies and tourists. This is
the order Of their relative Importance,
too, according to one Of their leading
business men.
It began as a tourist town. Many
travellers, spending Winter in Califor-
mia. liked the climate SO well they re-
turned to make permanent homes. But,
in returning, they brought with them
millions in cash. This is what really
gave Southern California its big start.
Had the new arrivals entered the
State with no cash reserves, the spec
tacular development which has been
witnessed in Southern California prob
ably would have been delayed a quarter
Of a century.
Crops Estimate.
California's annual crops are now
worth, according to recent estimates,
better than 100000. The citrus
crop will develop and expand In the fu-
ture to the extent that water can be
made available for larger and larger
areas. For v.ter is the life of the
farm. Without it the farmer has little
chance.
But the oil development since 1922
has been phenomenal. Oil was diScoy-
cred in California away back in the Dos.
But little was made Of it until the
Standard Oil and other large units en-
tered the field. Since then its flowing
gold has made thousands of Californlans
rich. Today California has 10,560 wells,
producing $4,000 barrels day. This
is more than 100000 barrels a day
above the record Of one year ago. The
problem Of overproduction was never
more acute than it is at this IN. moment
But Southern California, with its cit
rus. movies and tourists. is seeking new
worlds. Within five years its accom-
plishments in the field OF manufacture
Should aStonish the country.
Los Angeles has Is banks that are
members of the Clearing House ASso cia-
ton In addition it has IA banks tlat
are not members. But they are small
institutions having less than 2 per cent
Of the total receipts Of the city.
Leading Banks.
But of the big banks, two stand out
above the rest They are the Security
First National Bank, which has capital
assets of 100, 100000 and total resources
on July last of $607 900. and the
Bank Of America, whose capital assets
total $33 100000 and its resources 1884,
600 900.
The Security-First National has about
40 per cent of the total banking deposits
Of the city, for the total deposits In
the City of Los Angeles on July last
amounted to S979. 902 900. The Security
First National had 1898, la, 900 OF this
amount. It also had STAT, 402,0 900 in
branches outside of the city. So its
total deposits were $545, SAG ,000.
The Bank Of America Giannini in
100000 in deposits within the city
limits. But it had, in addition, $2l3,-
493,O00 outside the city.
The Bank of Italy-another Giannini
institution-had total deposits OF Sl32,-
$4,000 within the city limits. So in
size it is second only to the Security.
The two Giannini institutions, there
fore, centering in Los Angeles have to-
tai deposits in Los Angeles Of $248, 000.-
600 and outside the city $2lS S zoo NS ,Ooo'
making q total deposit C. S461 900 600.
Two other banks c: around the
$100,000.000 mark in deposits. The
Citizens National Trust and Savings
Bank with $1l3,741 900 and the Califor-
MIA Bank, with $104, 229,000.
In bank deposits Los Angeles banks
on July / last had 81 1851 900, 000-mak-
ing the city close competitor OF San
Francisco.
Machinery on Farms.
In the field of farming the problem
Of research and scientific method have
not advanced so far Annually 100000
farms have been abandoned in the last
decade. Why? Because of the 86,000,-
600 horsepower used on American farms
today only 100000 represent the prod
uct of machinery.
With the transfer of horsepower to
machinery the farm situation will ad-
Just itself. It is problem of getting
men who are expert in the new machine
age to give their time and effort to this
farm transformation. It is not the work
Of day or q year. Perhaps 10 to rs
years will be necessary. But that it will
come is as inevitable as tomorrow's sun.
No airplane operator has been more
successful than Harris M. Hansue, who
organized the operating end of the
air mail between Los Angeles and Salt
Lake City on April II, 1926. Up to that
time nearly 400 commercial air trans
port projects had been launched, but
none of them was successful except
through Government subsidies.
And yet the Western Air Express has
never had an improbable period or lost
a single life in its commercial flying.
Mr.. Hansue has had world of ex-
perience. He was an automobile driver
in the days when road races were run
between Los Angeles and Phoenix,
through the desert. At 48 he is an old
hand at the motor game.
Abandons Racing.
This airplane operator was born in
Michigan, grew up in Lansing and
Kalamazoo, attended the University of
Michigan and in 1902 went to work in
a Lansing automobile plant. He was
the first racer to reach IS miles per
hour.
In one smash-up he was laid up for
II months. So he quit racing and went
into the automobile distributing field on
the Pacific Coast.
But he saw what was coming In air.
craft. He studied every problem in
volved In the new industry and was
ready when the Western Air Express
called him to take command of their
operating department.
HanSue and the Western Air Express
are almost synonymous terms-and both
are very successful.
(Copyright, 1929, by North American News
paper Alliance)
NEW YORK COTTON.