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SOME OLD-TIME MONEY PLANS. A Review of Financial Reme dial Measure*. The State and Its Power to Issue Money on Securities. A Dissection of ofaity Schemes fur the Amelioration of Producers and Laborers lv.; ttoney Matter*. [BT \!. I.i ltt JOH SSTON. 1 The attention of the Pc apis's party, at the present time, seems to be mainly devoted to tba existing industrial de pression, which they asstgrt to be solely due to the contraction of the currency, and wbich thay propose to remedy by a governmental issue of 10i0W.000.000 of paper money, based upos the seourity of landed property and other valuable commodities. Their spokesman, tha Hon. Thomas V. Cator, thus ouriines the scheme: "We propoae to abolieix ail power of control of the gold ring and* of private books over money, by the iatfcie of a sufficient vol ume of legal tttudor treasury notes, directly into circaolation, without the intervention of banks at all and by the snb-treasury plan, or the phtn intro ouced into Pennsylvania so suiceaalully ior more than 40 years. "It is not proposed that the govern ment shall issue tafit money until it gives good security. Suppose California desires $50,000,000, the state wonld take to the nationrd inb-treatury its gilt-edged bonds, payable in install ments in thirty yeara at 2 per cent in terest. Cities detiitiiig water worka, lighting worka, etc., can do tbe same. Agriculturists may tender gilt-edged mortgages for 50 per cent of the value o! the farms tbey actoally work, of not more than 640 antes. The title to safe, non-perishable staple products in ware houses may be receivod for short loans. There is no proposition to issue money to the people but to provide a sufficient currency and to iseue the aame into cir culation throagh means which are safe, sound and which provide a proper guaranty of redemption by retnrn of the money, co that it can be reissued in the same manner again and again continuously." This proposition it ■ -.> exception to Solomon's axiom tbat It* t ie uothing new under Ihe eon, and •'. iccura to me that it migba ba interest g to briefly review the history of tonaa of the similar schemes in Use paat. and 'ho fate that attended these old-time attempts to re form tbe financial system. Two centuritt ago tne financial con cerns of evory nation of Europe—with perhaps tha ainsie exception of Holland —were in a condition of utter confueion. In France tba .extravagant administra tion of affairs duning tba long reign of Louis XIV bad Wrought that nation to tbe verge of bankamptcy. Indssd, it was seriously proposed that she should de clare herself ao, nnd tbue, at one fell Bwoop, get rid of all her burdensome obligations. England had suffered in a like man ner daring the reitgn of Charles 11, he aides being exhausted by her profitless wars with the DuQoh republic, and her own internal conflicts. In this condition of affairs it was to be expected that majay schemes should be devised intended to cure this national distemper; and, iv. fact, many such were offered. Tbe names of many ol those who were thus anxious to ptiay tbe part of state physician are wei'.l known to lame: Locke, the author of The Human Un deratanding; William Patereon, the founder of the banut of England; John Law, tbe originator of the Mississippi scheme; Sirbudleyr North; Child, the banker, and Sir William Petty, each of whom offered a scheme of hia own, dif fering more or less from all the others. Patereon proposed that a government committee ba appointed empowered to make loans without interest to com panies and merchants, and to construct vast publio worka tc> provide employ ment for the industrial armiea of that day. Gold and silver were to be coined free of charge, and all export duties were to be abolished aud all import duties materially reduced. Rather a remark able proposition, it would seem, coming from a man wbo was th* father of tbe bank of England, the vory name oi which suggests elnbil'.ty. Looks advocated the circulation of large amounts of gold and silver, of which be contended tbat real riches consisted, though he laid great stress on tbe advantage oi a uumeroua popu lation. He deprecated any interference by the legislature with the rate of in terest, wbich he said should no more be fixed by law than ths rent of houses. He declared that the wages of the la borer should be sufficient ia amount to •nable him to procure tbe necessaries •f life, and that n rise in the prices of products should be followed by a simi lar rise in wages. Sir William contended tbat labor was the icther and active principlo of wealth and land the mother. He was opposed to usury laws and any interference whatsoever by tho government with commerce or industry. He thought that tbe country might have too much money to be prosperous, and declared himself a monometallist. Sir Joeiah Child wanted a low rate of interest established by law, which he thought a panacea for all ilia. Sir Dudley North thought that the Source of all wealth was human indus try, and might exist independently of gold or silver. He thought it a great mistake to suppose that the stagnation of trade uroßO from the want of money. In bis opinion legislation could never make people rich. North objected to all banks. Law asserted that natural wealth con sisted in the people of the state and storehouses ol native and foreign goods. These depended upon trade and trade depended upon money, and tbe more money there is the more people are em ployed. Furthermore be contended tbat credit, if tbat credit could bo put in cir culation, bad all tbe beneficial effect of money. Therefore tbe function of a bank was to create instruments of credit. He proposed that the government create such a bank, to be under its sole control, and that ita notes be only given in exchange for land sold or pledged. Such a currency, he said, would supply tha country with abundance of money whioh would have many advantages over silver. But by far tbe moat remarkable of all the echemea offered was that of Jobn Briscoe and Hugh Chamberlain, wbo proposed to issue to each landed pro prietor notes to the full amount of tbe • line of hit property, without intereat, iucu notes to be made legal tender. Ihia scheme was so well relished that a aarliaiasatare/ committee actually ta ported in ite favor. Later the meaiore was defeated, and though on aot con stituting a land hank in a modified form was passed it appears never to have done much business, and finally died of inan ition. Of this project Macsulay says: "Tbe doctnue of the projector* was that ever; person that had real property ought to 'i»ve besides that property paper money to the full value of that property. Thus, if his estate was worth £3000 be ought to have hi] estate and £2000 in paper money. There would bs no taxes, yet the treasury would be full to overflow ing. Tnero would bt no poor—the only losers would be the moneyed men. These blessed effects tbe land bank was to produce simply by issuing enormous quantities of notes on landed security. The united force of demonstration and derision began to produce an effect and ths country was saved from a calamity compared with whioh tha defeat of Lan den and the loss of the Smyrna fleet would havo bsen blessings." Law alone, of all thete projectors, had an opportunity to put hit plans into operation, and the result the whole world knows. France owed vast sums to its own citi zens which it had no means of paying, Bines its annual income and annual ex penditures were about equal. To secure these creditors and also to provide a convenient medium of txehange, iv the year 1715 a paper currency was issued called billets d'etat, But tbe result waa not such at was hoped for. These billets d'etat speedily fell to one-quarter of tbeir nominal value. The market wat flooded with them, and gold and ailver ooins baoame raritiet to be secretly hoarded and jeal ouely guarded. Here waa Law's opportunity. He prevailed upon the duke of Orleans, then the actual and almoat irresponsible ruler oi Franoe, to consent to tho estab lishment of a bank wbich should have tba privilege of iaauing legal tender notes. To induce ths government to oonaent to this measure, 75 per cent of the capital stock was to be paid In billets d'etat. Since there were immense quantities of these in cironlation tb* bank bocame an immediate success, and the success of the bank raised tbs credit of tbe goverumant, since it increased tbe demand for the billets d'etat, and therefore raised their value. The bank was converted into a state institution, nnder tbe name of the Roy al bank. Its operations were immensely extended and tbe Mississippi company became incorporated witb it. This company wae the virtual owner in fee simple of the immense and unexplored territory of Louisiana, and its shares consequently represented land titles. By a royal decree the shares of the company wore made exchangeable at par for the government bank stock— that it, a person holding, for instance, 1000 livres worth of Mississippi stock could demand tho same amount of stock in the Royal bank, nnd vice versa. Here, in a meaaure, wa see a realiza tion of tba Fopuliat Idea of a currency baaed upon land, and wbich it was not protended would ever be redeemed in gold. Had Law been enabled to carry out his ideas in full at stt forth in hit writingi before alluded to, the likeness would have been much greater still. The immediate effect of the inaugu rate:: of this system was the general revival of trade. Money—the national currency—being plentiful, all scrta of enterprises were entered into. There wes plenty of work and good pay for all who detired it. Poverty seemed to bave become a thing of tbs paat. The poor were growing rich and the rich richer. But with thia prosperity came specu lation, which, like the evil fairy at the feast, brought with it disaster and ruin. Men who bad landed, and other valu able property sold it to buy shares and in coneequenco shares roee immensely in value, until in 1719, about three years after the establishment of the bank, tbey bad moun'.ed to over 40 times their nominal value. Then came tbe reaction; the pro cedure was reversed. Men sought to bey property with their inflated etoek, and tbe result wae a rapid rise in prop erty and an equally rapid fall in shares. Then it was cave himself who can. Each oce endeavored to exchange bis rapidly fluctuating stock for something stable, no matter st what sacrifice, and the end bad come. Soon tbe snates of the Royal bank were witbont value and in consequence the currency which it had issued shared the same fate. At the same period a state of affairs, similar in ita results, though differing in its causes, existed serosa tho channel. In England, tbe South Sea company had played tbe same part in inducing a wild speculation ns tbe Mississippi company had in Franco, though thia in atitution bad not filled the office of a state banker. Singular to say, confi dence in thia scheme survived after the failure of its French counterpart waa plainly indicated. Twenty-five years previous to this, in 1695, and long before France issued its billets d'etat, tbe Esgliah government called in all the coin in circulation, which had be tome mutilated and de based, for the purpoae of recoicage. The effect was diaastrous. Commerce and trade, then in tbe pro cess of slowly recovering from th 6 stagnation induced by tbe mal-admlnia tration of nearly a generation, became at ODce prostrated a; with a paralytic stroke. The hum of the loom was hushed. The hammer of the workman was stilled and ships lay idle at the wharves. To remedy ibis widespread diatreae, Montague, then in charge of the finances cf the kingdom, hit upon an expedient which at that time was entirely novel. It waa to iseue exchequer bills, tbat is, certificates of tbe indebtedness of tbe government to tbe holder. They bore no interest and were legal tender for all duea and taxes. The effect was imme diate and wonderfully beneficial. Trade recovered aa suddenly as it had declined. Though tho issue of these exchequer bills waa continued and exists at the preaent time, fhore of the firat itsuo were tbe only ones that bore no interett; subse quent issues bearing as high interest ac 7 per cent per annum, with tbe natural result that they no longer passed aa cur rency but were hoarded as property which brought in a revenue. This was an anticipation of tbe action of tbe United States government in 1801, when after issuing treasury notes, payable on demand, issued interest-bear ing bonds for money borrowed. Mr. Cator has called attention to tbe bank established in Psnntylvaniain 1723 by the legislature of that province, which loaned money upon the security of land and other valuable property, and which he truly eaya waa a complete tueoeas, but he has omitted to mention tbe Land bank of Maseacuusetta, which played a prominent part there for many yeara. Thia bank was established "in 1712 by one Coleman, and was baaed upon real estate. After ita establishment the pro vincial legislature entered into opposi tion by endowing the province with tbe functions of a bank. It loaned ont money on security of real estate at 6 per ••at ioteres*, oae filta of tha principal LOS ANGELES HERA LPs? SUNDAY MORNING; SEPTEMBER 2; 1894. wlth accrued interest payable every year. Thia ourrency became depreci ated, and finally bo;h tbe private bank and the provincial institution appear to have become failure*. There ia one other eatabliebment that I mention here, bocanse, though it was instituted in comparatively recent times and ttill snrvivet, ite methods are so like those advocated by Mr. Cator at to be worthy of note at a comparison. The bank of Norway ia virtually car ried on and controlled by the state and bas the exclusive privilege of iaauing notes in Norway, which are a legal ten der for all debts. These notes are issued on land reouTi tles to tbe amount of 75 per cent of the value of the land pledged. The intereat is 4 per cent per annum, payable semi annually, cud 8 per cent of the principal must be paid evsry year; thus the debt ie liquidated in 20 years instead of 80, as proposed by Mr. Cator. Otherwise the plans are strikingly alike. Ia case of default tha land in pawn is sold at public anetion and the proceeda to tha amount of tbe debt and interest paid to tbe bank. A promise to pay in gold on demand ia upon the face of thete notes, but as a matter of fact the people prefer tbe notes to gold. One more brief reference to what oc ourred in England at the close of tbe last century: In 1793, in consequence of the failure ol 300 out oi 350 banks then existing in England, and the withdrawal of a large amount of specie from tbe vaults ot tbe Bank of England, parliament directed the bank to suspend specie payment. Tbe effect in this oase it worthy of note, for instead of depreciating the value of the Bank of England notea, as might bave been anticipated, this action actu ally appeared to advance it. For ths first three years after suspension the notes, strange to relate, commanded a premium over gold, though subsequent ly, during the 23 years of tbe continu ance of the suspension, they wore at a diaconnt. There eeemt to be a nesd of tome ex planation of the diverse effects produced by similar causes in ths cases related. It eeemt to me that the csuae of all the failures of the efforts to supply the people with a currency whose value de pends more or leas on the confidence which tbe pnblic may bave in it may be given in two words—overiatue nnd spec ulation. As long as people are convinced that a currency is money, it is money. An iasue of a currency, not redeem able in gold, is usually termed "fiat money." It eeemt to mo that a more appropriate name would be faith money, eince ita value depend! upon the faith tbe people have in it. All money, not excepting gold, it fist money in the moat extended eenss;only instead ol the fiat having been uttered by a aingle state, it ia tbe jointntterance of the whole family of nations engaged in commerce. No one pretends that gold is naturally a medinm ol exchange, but it to becaute the whole civilized world has agreed that it ia the most convenient one. Had they agreed to seleot the cowrie shell as suoh msdium, oowrie shells would have had ss stable a value ac gold has now. Even further; should any one nation select a different medium of exchange from all other nations and their people bave faith enough in its usefulness to use it to tbe exclntion of all other, and the other nations became convinced that that faith wat an abiding one, it would acquire tbe same, or nearly the aame, value with them at with the country that adopted it. This seems evident, for if a citizen of one of thsee nations, engaged in com merce, could procure the aame amount of valuable commodities witb the cur rency used by the inbabltsnts of the first-named nation, wben trading with them, as he could with his own more universally used ourrency, it would be aa valuable to him, for it is olear that tbe ultimate object of tbe trader is not the money but tbe goods that it pur chases. If a thousand cowrie shells are worth a dollar on the west coast of Africa— that is, they witl buy tbe same amount of merchandise tbat a dollar would buy —a Boston merchant, ready to start on a voyage to that coast, would not refuse a thousand cowrie shells because tbey do not paas ourrent it Massachusetts. Hs knows that where he ia going they do pats current. The people there have faith in them as money, and he has faith in their faith. It it true, it it stated that gold was telected and retained as a medium of exohange because it hat an intrinsic value of its own. But that ia only mak ing the same statement in another way. The fact of ita scarcity is really what cauaes people to havo faith in it. Sup ply that faith in another way and the aame universal confidence ensues. II some means could be devised to keep the finances of the country out ol the hands of tbe speculator, and to as sure the publio that no more currency wonld be issued than could be redeemed —that is, tbat it would always be ac cepted in exchange for valuable com modities—and that currency, no matisr of what character, would become aa valuable abroad at at home and be trnly faith mosey. But unlets effective measures are taken to hedge it around with tbeee aafoguarda, the same ditastrout results may be expected to follow the issue of any kind of money not redeemable in gold on demand aa haa hitherto attended such attempts. Santa Ana, Aug. 27, 1834. COUNTY JAIL ARRIVALS. Tout Steer* Again In tho Tolls—He Will He Sent to Whittier. P. Esmond ol Ballona waa given lodg ing in the county jail yesterday to await trial before the superior court on a charge of assault with a deadly weapon. Tony Steere, the 9-year-old incorrig ible, under a 12-year commitment to the Whittier reform school, waa captured yesterday. He will be cent to tbe school at once. Tony is a very bad boy. He waa convicted of burglary, but after hie escape he entered the Herald office, and breaking open a money drawer, stole $150. Tony hag tbe appearances of being a natural born orimiual, but a few years in the reform school may make a good boy of him. John Benicia was lodged in the county jail yesterday from San Pedro to serve 15 days for disturbing the peace. Henry Day and Charles Moßride of Boledad were given 10 days each in the county jail for vagrancy. When Baby was slclt, we gars her Costona. When sho was a Child, she cried for Castorlo. When she became Mias, she clung to Castorto. When she had Children, she gave them Castoria. Wall paper, Sc, 74c per roll, 32* 8. Spltaav HUNG OUT A WASH ON SUNDAY The Reporter Called at the Wrong Time. The Folks at Home Bat Not Pre pared for Compauy. Some Inside Facts Abont the Home Life or Some Ueatlemea Who Stake a Uutlnass of Lelsare. Last Sunday a reporter of ths Hkrald called on aotno folks wbo live over be yond the Terminal railway track, near where tho Southern Pacific crosaea it, and wat surprised to find that the folks had just put out a large washing and were poorly prepared te receive com pany. The fact of the matter was that tboy were not only tired and all "done np," aa it were, with putting out a big wash, but nearly all the clothea which they should have had on, especially to re ceive company, were in the wash, and st the very moment when the reporter called were hanging out to dry. It was aiter the usual formalities and discussion about the woatber that • re mark, very carelully worded, but di rected at the em of making waah day fall on the Sabbath, brougbt out the fol lowing : "Ol we'ee don't mind that, pard. When yer on the bum like we is, Sun day is ali the aame aa any other day. Fact is we 'ad them togt a-soakin' all night. Me and the other lads ace it was goin' to be a ecoicher of a night and not wantin' to have any clothoa on, anyway, we lays 'what's the matter with lsttin' 'em soak over night?' Mebbe you never slept in a pile of loose bay all night without a stitch on, pardner, but I kin tell ye right here, and the boys will speak fer me bein' dead right, 'taint no flowery bed o' ease." And yet there was bo visible evidence that the reporter's boats, theao four, healthy-looking knights of the road had passed a sleepless or even a restleta night. Ttiey bad converted tbe beds in to loungoa and were resting easy at that minute. Breakfast had been over for perhaps •n hour. The breakfait dithee were soaking in tbe zanja. Before tbe re porter left, tbey were taken out of the ditch water and wiped—by the inn. Tbey consieted of one otew pan, minus a handle, two tomato cans, cutlery to the extent of one knife and one fork of solid iron, • tin plate aud half a china plate. "You'll think it'a queer, pirdner, bnt we had been reading oefore you showed up out of the Bible. We didn't have nutbin' elae to read, and a lady give this one to Bill tbe other day when be wat askin' her for somethln' to est. 'Read that, my man,' she esys, 'an' you'll git food for the eoni,' an' Bill he luga it home, savin' at how he under stands there ia eotnethin' in it abont fastin' for forty dayt. Bill's idee was if we got onto the layout it might come in handy sometime. I bp.vh myself 'twouldu't do any barm to be onto the racket in case of emergency. "Ousa me if we kin find a dum word in it 'bout faatin' 40 days. "Say, pardner, you won't stay to din ner, I don't suppose? Bill wants to know. It'a hia trick to gether grub, whilst me and Dave cooks and Snaggy tends tbe beds. "How'd we come to settle here? Well, you Bee it's jeat outaide the city limits, and tbe water's handy, and it's close to hay, and ths fence's right handy to hang yer waehin' on, and—well, I can't tell ye no more, but there's hen rooßts within aday'a walk o' here." That is about all there was of interest in the reporter's visit to the home of four ac elegant gentle men aa ever made a living witbont work, only that just as he waa passing ont of sight of the group over the embankment one of them, the one who had remained silent and thoughtful during the visit, came running alter him and, claiming hia attention, said: "I oouldn't apeak before tbe others, but you noticed that I am different from thßm. Surely you noticed that I'm a gentleman, somewhat re dnced in cirenmatances, 'tie trne, but nevertheless a gentleman still. It'a a long story, but in me you see a man who waa reared in the lap of luxury, partner; surely you can see that. It's hard luck has brought me to this. I can recall yet a happy home, where I was surrounded by all comforts and not a few of the luxuries of life. I remem ber a fond father and a loving mother, sistere and brothers, who are now .pros perous and happy while I—Ah!'partner, it'a awful you can't realize it. You have'nt a quarter about your clothes you don't need, I suppoee?" POLICE COURT JUSTICE. Some of ths Patty Offenders Who Got Into the Tolls Yeaterday. F. N. Baugb, the carpenter wbo dis turbed the peace of Mrs. Eva Bowman by leaving an undesirable milk re frigerator upon the porch, waa fined $3 in Police Judge Austin's court yesterday. J. W. Faster was fined a similar •mount for leaving his horse unhitched upon tbe street. Lulu Dorman, a morphine fiend, who has given tbe police much trouble, was arraigned for vagrancy. The unfor tauate woman will be tried tomorrow; in the meantime she was committed to jail in default of $50 bonds. Allen Barneß and Robert Ellis were given "floaters" foi sleeping iv other parties' hay mows. . G. B. Molioari, charged with battery upon G. Maucini of 210 South Broadway, and Nickola Saba, cbarged witb battery upon Shatika ;Baba of 507 Bnena Vista street, will be tried on September 3rd and 7th respectively. William Sachs could not swear hard enough to offset the damaging evidence against him for stealing $3 worth of broken bricks from A. C. Pays, in con sequence of whioh he was tent to jail for ten days. Musleat the Park. The following programme will be givtn at the concert at Wettlake park this after noon at 2 o'clock by tbe Log Angeles Theater band: March, San Diego, RolllDson. Walt/, La Barcarolle, Waidteufel. Overture, Raymond, Thomas. Paraphrase, My Maryland, Heinemann. Selection, Maritsui, Wallace. Polka, Pizzicato, Strauss. Marcb, Mushinan, Carl. Descriptive, From Kast to West, Brown. Concert Waltz, Loin dv Kali, Quiet. Selection, £rnanl, Verdi. Schottische, Sweet Sixteen, Bolllnson, Galop, Ta.ly Ho, Buraateln. If yonr complaint !s want ol appetite, try half wlno glare of Angostura Bitters before meals. Dr. J. a. B. STegert Si lions, sole manu •wtewors. At all dr Dig i s to. WHERE Examination is free. WHERE - If yon cannot be cured the Doc tors will tell you ao, and posi tively will not take your money. WHERE Diseases of men and women are thoroughly understood, quickly aud permanently cured, WHERE Charges are low, and all esses treated are guaranteed quickly cured. WHERE Specialists of long experience are fully equipped with ail necessary apparatus and appliance for tbe medical or surgical treatment of »ll disease?, Microscopical ex aminations in diagnosis. DISEASES OF MEN Stricture, Syphilis, gleet, gonor rhea, spermatorrhea, seminal weakness, lost manhood, night emissions, decayed faculties aud all the delicate disorders peculiar to either sex positively cured, as well as all functional disorders that result from youthful follies or the excess of mature years. DISEASESSWOMEN We have a special department devoted exclusively to the treat ment of the alarmingly preval ent diseases peculiar to females. Special attention given to dig. placements or falling of the womb, inflammation, congestion or enlargement of the womb, dis eases of the ovaries and fallopian tubes, laceration of the neck of the uterus from confinement, re moval of all uterine tumors, leu corrhea or whites, ulceration, painful, scanty or profuse men struation. KIDNEY:BLADDER Diseases—Acute Bright's disease, diabetes, gravel, stone in bladder, inflammation or catarrh of bladder, enlarged prostate gland and all genito-urinary diseases are among those in the cure of which our spec ialists have achieved great success. BLOOD AND SKIN Sores, spots, pimples, ulcers, scro fula, syphilitic taints, eruptions, etc., treated with phenomenal success, SURGICAL Deformities, tumors, cancers, fis tulas, piles, diseases of the eye and ear. Our office is fully equipped with all instruments and appliances necessary in any surgical operation, CATARRH Quickly relieved and permanently cured by our own new method. CALL OR WRITE. All communi cations received in sacred confidence. Medicines sent safely and secure from observation. Letters sent in plain en velopes. No clap trap to catch patients such as "no pay until cured," etc. Reasonable charges, honest treatment. Office hours : 9 tos and 7 to 8:30. Sun day, 10 to 12. C\JA s. MAIN Z4:l STREET Booms 1, 3, 5 and 7. Oldest and Largest Bank in Southern California. _________ I FARMERS & MERCHANTS BANK gf" CAPITAL ipa'd np) ff100.000.00 bDKPLCe AND KKSIRVK 820.0J0.00 TOTAL , $1,5.0,000.00 OFFICERS: I . _ DIRECTORS: I. W. HII.LUAN. President jW. H. Perrr, C. K. Thorn, A. iHaasell, H. W. HEI.I.MAN Vlce-Pres.dmit I O. W. Chillis. C.Ducommun, T. I. Duqne. JOHN MILKER Cashier | J.B.Lausershim, H. W. Hellman, LW. HeUman H. J. FLUSHMAN Assistant Cashier | Sell and Buy Foreign and Domestic Exchange. Special Collection Department COKKEWPOXDBNI'K 11ST V tT K TJ. 8-1 tl THE NATIONAL BAI OF uAUFII Semi-Annual Statement, July 1, 1894. RWBOURCES. LIABILITIES. ' Cash on hand and In bank $222,1.54 4« Capital stock, paid In coin 9380,000 00 « United Btateo bonds 150,000 00 surplu* 7,000 00 * Deman.l loans 170.00* Hi OndivideJ profits 180 19 of Tlfiieloans 200,0117 10 Circulation 135,000 00 School bonus and other 32,170 80 Deposits, 415,807 53 «' Furniture and fixtures 6,000 no it Seal estate 27.9U7 Oft $807,797 00 (807,787 69 <b The National Bank of California is ono of the few bnn'cs that scccesslnlly stood the shook «f thn late panic and msintalnsd full coin payraentß right through. The National Bank of California pays no Interest od deposits in any lorn, offers no special Inducements tor bnslnsss other than reliability when customers exercise their right to demand their ni >hot. ~. In the matter ol loans it locks more to reliability than hlsh rat's ol Interest, and desires no , m loans except front good and reliable parties, and then exacts good security, believing that no bonk is better or mote reliable than Its loans. q -siDIRECTORSif- *• O. H. CHURCHILL, O. T. JOHNSON, JOHN WUi.FSKILL, H. H. SHBRMAN. W. L. ORAVKS, H F. C. KLOKK3, BEOROE I r.VINJS, N. W. STOWKLL, W. S. DxVAN, T. E.KBWJUN, A. lIADLHY, JOHN K. MABaUja, tj JOHNM.C. MAUBLJf. , STATE LOAN AND TRUST CO. N.W. cor. aecond & Spring sts., Los Angeles. CAPITAL 8500,000 UNDIVIDKD PROFITS 45.500 A General Banking Business Transacted, OPFU.'BRS: W. a. COCHRAN, Pres't, H, J. WOOLLacOTT, Ist V. Pres't JAS. F. TOWBi.L, 2d V. Pres't. JOHN W. A. OFF, Cashier. DingrTOKS: H. J. Wonllacott, W. P. Gardiner, A. A. Hubbard, O. T. Johnsou, Geo. H. Ann-brake, Fred O. Johnson, W. G. Cochran. n. F. Ball, P. M. Green, John W. A. Off, James F. TowclL 8-9 tl ANGELES NATIONAL BANK. UNITID STATUS DEPOSITORY. Capital $500,000 Surplus 57.000 Total 657,000 GBORGB H. BONEBRAKE President WARKKN GII.LELE.N Vice-President E. C. HOWES Cashier E. W. COB Assistant Cashier bIBRCTORS: George H. Bonebrake, Warren Gillolan, P. M. Green, Chas. A Marriner, W. O. Brown. A. W. Franetico, E. P. Johußou, M. T. Allen. F. c. Howes. 9-15 tf T OS ANGELEB SAVINGS BANK, XJ 230 N. Main st. Capital stock 8100,001 Surplus SS.OOO' J, E. Plater, Pres't. H. W. Hellmfin, V.-Pres't W. M. Caswell, Cashier. Directors—l. W. Hcllman, J. K. Plater, H. W. HeUman, I, w. HeUman, Jr., W. M. Caswell. Interest paid on deposits. Money to loan ou first-class real estate. 11-1 tl "T\B. WONG HIM, who has practiced mcdl- XJ cine la Loa Angeles for 19 yean, and whose office ia at 039 Upper Main Bfoet, will treat by medicine all diHoases ol wnmiin, mea and chtldroa. The doc ior ol alius that h& haa remedies that are superior to all others aa a ■peuiflo for troubles o! women and nun. A trial alone will convince the sick that Dr. Vfong Hlat'a remedloa are mora «ftimc mis than oau be prescribed. \n. Wooc Htm Is a Chinos* physician of prominence and a gentleman ol responsibility. Bis reputation Is more than well established, and ail persons needing his services can rely on hie s&lll and ability. A cure Is guaranteed in every case in which a re covery Is possible. Herb medicine* for Bale. DR. WONG HIM HRRB DOCTOR 689 Upper Main Street, Los Angeles. Los Akoblbs. Cal., Jane 17,1839. To THS Publio: I hate been suffering with piles aud kidney trouble far over five years, and havo tried several remedies, but all [ailed te relievo me. A short time since 1 tried Dr. Wong Him, 639 Upper Main street, and I am now well aad strong, and consider him a fir. t ciacs doctor. Yours truly, W. H. HILLYER, 235 8. Hill st, Los Angeles, Oal, Los ANoilis, June 9, 1893. To TBI Public: For oror five years 1 bays been troubled with nervous s ck headache and liver complaint. 1 didn't seem to Unci any help from the many doctors and medicines thatj tried nnttl I tried Dr. Wong Him, 639 Uppot Mala street. lam now well. Yours trnlv, Midi M. G. BROCK. 48 Hiutoaavo., Loa Angeles, CaL IF YOU WANT A Nice Room IF YOU WANT A Good Board ing Place YOU CAN FIND THEM BY USING THE COLUMNS OF THE HERALD. 6 Cents a Line Each Insertion I OF LOS ANQBLE& Onpltnl stock $400,000 Surplus „ 200,000 J, M. ELLIOTT., Prestdont. W. 0. KKRCKHOFK, V.-Prcs't FRANK A. GIBSON, Cashier, U. B. 8H AKFKR, Ass't Oaßhler, DIRECTORS: J. M, BlHott, X D. Bioknell, F. (J. story, H. Jeyne, J. I>. Hooker, w. c. Patterson, Wm. O. Kerokholf. QOOTHKRN CALIFORNIA NATIONAL C 5 Bank, 101 9. Spriug St., Nadean block. J. N. BRKIt'D President WM. F. HO-sBYSHBLL. Vice-President C N. FLINT Csshlor W. H. HOLLIDAY Assistant Cashier Capital, paid in gold coin $900,*00 Surplus ond undivided prolits '.45,000 Authorized capital „ 500,000 lAna tohs: h. N. Breed, H. T. Nowell, Wm. •H. Avery* Silas Holman, W. If. Holliday, P. c. Bosby shell, U. Hagan, Frank Rader, D. Reinlci. Thos. Goas, Wra. F. Boibyshell, I UNION BANK OF SAVINGS CAPITAL STOCK, $200,000 I 223 S. Spring St., LOS ANGELES. officers ano eißECTosta: I. .. W. Stimson Wm. Ferguson W. E. McVay Prot Vi.Piwt Chirr IC. G. Harrison S. H. Moll fl. M. Baker A. C. Pnmeroy $. 4. Butler I INTEREST PAID ON DEPOSITS Racing at the park hr musicaw concert s. OOMvMU. TO EXHIBIT* EXCURSION PATES ON ALL RAIL ROADS. V PRESIDENT. LOST MANHOOD Easily, Quickly and Permanently Restored, CELEBRATED E.S'UI.ISH REMEr>y KEBTIA. Jffo- H 1413 so,d on » positive V J» b ll BpjWwT guarantee to cure any am 3SV TM form ot nervous proa- w' : j ami I trationor any disorder 1 saW c f tho genital organs ot ' v Before* by oxcesaive use ot After* Tobacco, Alcohol or Opium, or on account ot youthful indiscretion or over indulgence etc.. Dizziness, Convulsions, Wakefulness, Headache, Mental Depression, Softening of the Drain, Weak Memory, Bearing Down Pains. Seminal Weakness, . :< Hysteria, Nocturnal Kmissiona, Spermatorrhoea, Loss ol Power and Impoteney, which if negleetee* - M may lead to preumture old age and insanity. ds Positively guaranteed. Price, $1.00 a box; 6 boras for $5.00. Sent by mail on receipt of prioe. A written guarantee furnished with every » VOO order received, to refund the money if a permanent euro is not I I effected. • (100 J NBBVU MEDICINE CO., Detroit, Mica. i For sale by QUO. H. FREEMAN GO., 103 H Spring street. -»THEK- »* Ml StarSpaailßißaier r Oil j This little book should be in every horns, as n it contains the Declaration of Independenoa and tha Conatitutloii of the United States, to gether with sonjis and words ol burning pa trlotism, and other useful information of in terest to the general publio, and comes to you ss free as the air you breathe under tbe grand old flag, and Is scut by mail to any address la tbe United States on receipt ol 10 coats in stamps to help pay ior this advertisement aad postage. Address THE STAB SPANGLED BANNER, Jl 8 Btf P. o Box 95, Los Angeles, Cal. Painless Dentistry Pine fl old Fining* w "If * ad Btia '* Jjjjjjj S«T TEETH, $8.