The San Francisco Call and Post from San Francisco, California • Page 31

SOUNDNESS OF SAN FRANCISCO'S FINANCIAL INSTITUTIONS CONDITION ARISING FROM A SOUND MONET DOCTRINE AND A CONSERVATIVE MANAGEMENT, NEW SYSTEM OF CLEARING HOUSE DRAFTS FACILITATES BUSINESS AND THE EXCHANGE OF CREDITS. THE year closes with a remarkable condition of soundness and solvency In our banks, financial institutions and local monetary activity. The great test put upon Hum in the beginning and course of the panic of tried and proved them thoroughly. The soundness which carried them over that is the foundation upon which they are now petting the benefit of revived business and restored prosperity. It is only the truth to say that the banks i l' this State have held their position through (very pinch and have furnished no record of general collapse, largely because of the stubborn adherence of California to a sound financial standard.

When all business is transacted on such a standard there is lency, more attention to legitimate profits and Treater satisfaction with them, and therefore a better condition of those ecurities, real, collateral and personal, which banks must consider in the laily transaction of busli The dry year operated against general trade, but not to its Tlie drought was not general enough to seriously affect our finances. In the country from astward to the Sacramento Valley and north of the bay the crops were unscathed and there was abundant production In many of the foothill counties east of that valley. More ranch mortgages were canceled than in any single year for a considerable period. Thfs payment of long standing loans tin real estate sent a Hood of money Into the banks, so that deposits increased during the year eight millions of dollars. That labor felt the benefit of this return of money from realty investment into the quicker uses and returns of trade was shown by the increase in savlnes bank deposits In those institutions in this city.

The enterprise of California financiers is projected in many directions and has originated a proposition to facilitate exchange which attracts attention. money orders Issued by express companies and the poctoffice worked against regular banking exchange. This is because banks have been to thaw and check only where they have a regular correspondent. To overcome this our bankers have proposed application to the clearing-house system, by which a bank selling exchange on a town where it has no correspondent remits amount thereof to the exchange clearing-house of associated banks in San Francisco. When the bank cashes the draft it is admitted to its Ban Francisco correspondent, goes to the clearing-house and is paid out of the money remitted.

This system, projected by our bankers, will greatly facilitate business and the exchange of credits throughout the State, and is as effective as if every bank had a correspondent in every town In the state. it brings them all into relations of great convenience to them and the business public. Our bankers have also combined to procure in all the States one law of negotiable The so, Mai philosophers have sought to secure a common law of marriage and divorce in all the States. While there may he necessity in our moral conditions for such a law. there is no question of the need of uniformity in the law of negotiable paper.

Now there is confusion and complexity where there should be uniformity and simplicity as to the form and interpretation, negotiation and liability of such paper The stability, celerity, convenience and profits of trade depend upon adequate and safe banking facilities. Hanking has, perhaps, a lessening relation to politics and an enlarging relation to the great business rests and industrial activities which concern the whole people, BO it is natural that the bankers of this State should study, as they do, the means for peaceful adaptation of banking to political conditions, rather than the wrenching of political conditions to the necessities of banking. This conservatism ceases, however, when political conditions require a destructive distortion of business, and then the bankers are as patriotic and instant in their public duty as any class in the community. California may well point with uride to the soundness of her financial institutions and the high character of the men who administer their affairs THE NEVADA NATIONAL BANK REMARKABLE INCREASE IN ITS PTTSINEOS THIS YEAR. A Solid Financial Institution Which Ranks Among the Foremost in the World.

A relation of the history of banking on the Pacific Coast would be Incomplete without conspicuous mention of the old Nevada Bank, now known as the Nevada National Bank of San Francisco. The Nevada Bank was founded in October, by a quartet of bonanza kings, whose names will ever shine in the history of mining in California and Nevada. These men were Flood, John W. Mackay, James G. Fair and W.

S. O'Brien. Enterprising to a marked degree, these financiers began their banking operations with the princely capital of $10,000,000. Immense sums were kept constantly in hand in readiness for investment in any enterprise which ordinary business prudenc might recommend as safe and profit able, and no project that had for it object the development of the mmm industry of the State was disregarded For many years the management of th bank was in the hands of Ml Flood, but illness, which ultimately re suited in his death, forced him to retir from the managerial field. Unfavorabl legislation in 1579 and the adoption later of a new constitution, which placed certain restrictions upon commercial banks, caused the hank to reduce its capital to The Nevada Bank remained practically the property of Its founders until 1890, when It was reorganized by Isaias who had associated with him a large number of San Francisco's most successful merchants and ca alists, The conservative policy of Mr.

Hellman which prompted him to engage in business affairs which yield the returns and to eschew those which have more than ordinary risks soon succeeded in placing the bank on a better basis. President Hellman's management of the bank was conspicuously successful from the start. His sound policy won the confidence of the business men of San Francisco immediately. At the time he assumed control of its affairs connected with many enterprises in thsouthern part of the State. His name in connection with any business affair v.aa a guarantee to capital that the project was sound and offered in' ments for safe Investment.

In a Ing the presidency of the Nevada Bank Mr. Hellman id not. relinquish his presidency of the Farmers' and Merchants' Bank of Los Angeles, which he still holds. Though his duties are manifold and often onerous, Mr. Hellman discharges them with a vigor and alertness which are remark hie.

Theresuit of the policy of Mr. Heilman is evidenced by the remarkable increase LARGEST CHEESE EVER MADE. THIS trade trophy is the Canadian Mammoth Cheese, which was exhibited in the Chicago exhibition, and was bought by Jubal Webb of Kensington. The cheese 22,000 pounds, or cloee upon ten tons. It was moved in a specially constructed steel case, slung upon iron girders, so that the enormous weight might rest directly over the iron wheels of the specially MMMtlUCted teak trolley.

This trolley, by the way, was drawn, by eight powerful horses belonging to the Midland Railroad. A spcial permit hud to be procured from Scotland Yard to bring this extraordinary load through the London The authorities also mapped out a spedaj route with the view of obviating any possibility of the trolley and its burden going through into the sewers! In one way this mammoth cheese may said to owe its inception to the Canadian Government, working in conjunction with the Dominion farmers. The milk was brought to the Dominion experimental farm in Ontario, and there worked OO Into by specially made machinery, which afterward exercised upon it a pressure of 200 tons. good mi tho cheese, that when, at the close fof the exhibition, a "shaft" was sunk into the giant by means of a the quality was found te be most excellent. The mammoth cheese contained 207.200 pounds of milk, equal to one day's production of 10,000 COWSi nfl jt took ir iirv maids t.i milk these COWS.

The cut' tins of the cheese was quite a great function. "The biggest the world has ever seen" was six feet high and twenty-eight fc.t in circumference, wh'le reading a book. in the bank's business, to which reference has heretofore been made Personally, Mr. Hellman is a gentleman who possesses many admirable qualities. He is accessible at all times and bis "pinions are frequently sought on business matters, his judgment being considered entirely reliable, On financial subjects he is a recognized authority, and the local press is Indebted to him for many valuable opinions on matters affecting the public policy.

As one of the many evidences of his ability to financier large transactions, the recent placing here so successfully of the San Francisco and San Joaquin Valley Railroad bonds by the syndicate, of which he was the head, is" conspicuous. In January of tin present year the bank was nationalized under the name of The Nevada National Hank of San Francisco, a step which has marked a new era in the prosperity of the institution. The increase of business since the nationalization of the bank is in many respects remarkable. On December Ist last the condition of the bank was as follows: ASSETS. Loans and discounts 4,475, 4S United States bonds 1,423,4:12 80 Miscellaneous bonds 806,354 74 Customers' liability on letters of credit 781,15106 Furniture and fixtures 4 000 00 Money on hand 4,739,269 82 Exchanges for clearing 1 house 249.299 30 Due from banks 1,736456 CC Redemption fund with United States Treasurer 495 00 lets 86 LIABILITIES.

Capital 3,000,000 00 Undivided profits 847,972 18 Sterling credits, etc n. 781,131 06 Deposits, banks 2,408,205 64 Deposits, individuals 7. 1 Total liabilities 114.2J7.816 86 On February 18 last the assets of the bank amounted to $10,187,776 99. The Increase in ten months aggregated 1 $4,050,039 87. On the date named the amount of money on hand was 12, while on December Ist it whs M.739,368 82, an Increase of 12,351,860 60.

The deposits of individuals in February amounted to $4,384,978 23 and on Deccember Ist these aggregated 98, an increase of about 70 per cent. These figures indicate in a measure the confidence of the business community in the stability of the concern, partieuj lnrly since its enrollment in the list of I national banks. The increase of ni'ss has been uniformly steady during I the past year, and it has at the present I writing shown no signs of diminishing. The Nevada National Bank of San Francisco does a general commercial business and issues letters of credit available in all parts of the world. It has correspondents in all the leading cities of the globe, the more notable being the American Exchange National and Importers' and Traders' National banks In New York, the Union Bank of London, Limited, in London, and the I Credit Lyonnais in Paris.

The officers of the bank are: Isaias W. Hellman, president; John F. Bifcelow, vice president; D. IJ.1 Davidson, cashier. Among the directors are many of the leading business men of San Francisco.

Chief among these are John W. Hackay, THE SAN FRANCISCO CALL, SUNDAY, DECEMBER 18, 1898. the bonanza king, one of its founders, and James L. Flood, son of the deceased bank president. Levi Strauss and Henry L.

Dodge are names which stand high in the business world of San Francisco. The other directors are Henry P. Allen. D. N.

Walter. C. de Guigne, Robert Watt and John F. Bigelow. THE BANK OF CALIFORNIA ONE OF THE LEADING FACTORS IN THE DEVELOPMENT OF SAN FRANCISCO.

Romantic History of the Institution Since Its Birth in 1864 to the Present Time. The second decade of the history of Sun Francisco marks the foundation of The Bank of California, one of the soundest financial institutions to-day not only of the Pacific Coast, but of the entire Union. When the story of the commercial development of San Francisco comes to be written in detail it will be found that The Bank of California was one of the most important factors that contributed to the city's progress from a mere hamlet to the proud distinction of metropolis of the Pacific Coast. The early history of banking in San Francisco is a record of conservatism, enterprise and energy, as well as fluctuation, disaster and prosperity. The numerous banks which existed in this city prior to April.

1564. when The Bank of California was incorporated, were founded upon ephemeral principles, for the reason that they depended upon the business attending the operation of the mines, which was liable to die away at any moment. When, however, agriculture in California became a nized industry and the magnificent re- Bources of the State were being developed, it infused new life into banking, and added the element of security to the operations of financial institutions. Many new banks sprang into existence, and competition naturally became so keen that the weaker "were crowded to the wall and numerous failures were recorded. Aprlnilture had become a strong rival of mining and while the first was building ur the financial resources of the common- rilth, the other began to make extensive drafts upon the coin reserves in the banks.

With the expansion of the field for the profitable investment of capital the rate of interest declined, and this competition growing keener year by year tested to the utmost the strength of the institutions that survived. The incorporation of The Rank of California at a period when other institutions of recognised strength were forced to retire from the field proved that its founders were no ordinary men These were D. O. Mills am! William C. Ralston, the first being president and the Becond cashier of the new institution.

The secretary of the bank was Stephen Franklin, a business man of no mean ability. The capital stock at the beginning of the bank's career was at $3,000,000. Borne of the best known business men of the city at that time were associated with the bank's affairs, and at the first meeting or stockholders the following were elected as a board of directors: William C. Ralston, Louis McLane, 'William Norris. J.

Whitney Thomas Bell, Herman Michels, John O. Earl and O. F. Giffln. Two years after the incorporation, in 1866, the capital stock was increased to $5,000,000, but owing to unfavorable legislative enactments it was found necessary in 1881 to reduce the stock to its original figure of $3,000,000.

at which it has remained to the present day. The affairs of the bank prospered unceasingly until June, 1873, when President Mills resigned. He was succeeded in that office by Mr. Ralston in July of the same year. The administration of the affairs of the bank by Mr.

Ralston forms an interesting chapter in the history of the bank, including as it does the elements of romance and tragedy, which culminated simultaneously In the suspension of the bank on Aueiist 26, 1876. and the melancholy suicide of President Ralston in consequence of the disaster which overwhelmed him. The rich discoveries on the Oomstoek had an electrical effect the San Francisco banks, and The Bank of (Vilifornia, conducted as it was by a man of extraordinary liberality and enterprise, was to suffer with many others from the effects of over-confidence in the permanence a fickle industry. Flushed with the prospects of a golden harvest, the bank officials did not scruple to loan as high as $000 on shares of Comstoek stork during a period of unexampled inflation and excitement. The reaction which inevitably succeeds inflation in any branch of human endeavor overtook The Bank of California at a time when it was least able to stand the strain.

The result was a suspenslon which, because of its remark able features, was one of the most senaational the period. In desnair of seeing his cherished institution rehabilitated, and confronted by Irretrievable ruin, Mr. Ralston threw himself into the bay and met a suicide's death. Within forty days after the suspension of the bank its doors were opmed to the public and every obligation met dollar for dollar. A new issue r.f stock was subscribed by the best men In the city, and under the administration of President Mills it entered upon a new career of prosperity.

He resigned the office of president in April, IS7B, and was succeeded by William Alvord, who has since that time ably conducted the affairs of the bank. President Alvord became a director of the bank in January, 1888, but resigned In September of the same year. Subsequently, in November. 1871, he wi's re-elected as director and served in that capacity continuously since. He is a financier of repute, whose sound judgment and conservative poJicy have asserted themselves on more than one occasion.

During the panic of 1893, when runs were made upon other institutions, the affairs of The Bank of California progressed as usual, scarcely without incident. Indeed, it seemed as If nothing was occurring to startle th" financial world. T'nder President Alvord's guidance the bank rode the storm In safety, and holding the confidence of the whole community It is stronger to-day than In any period of Its eventful history. Associated in the management of the bank is Thomas Brown, one of the most astute financial men- of the country. His connection with the bank dates from October, IS7O, when he was elected assistant cashier.

In July, 1873, he was elected cashier, a position he has held with signal success ever since. Mr. Brown is a recognized authority on matters of finance, and his Judgment may be relied upon in every emergency. He is an affable gentleman and moves in the highest circles. The assets of the bank aggregate over $17,000,000, of which $3,000,000 is cash on hand.

Its investments are principally in bonds and stocks, and its surplus exceeds 53.000,000. There is due depositors an aggregate of about $10,000,000. Among the commercial banks of San Francisco none stands higher in the public estimation than the Hank of California. It is this that has secured for the bank a volume of business almost princely In its proportions. The business transacted embraces every branch of legitimate banking, including: tho issuance of foreign and domestic exchange and the careful, systematic making of collections.

Letters of credit available in all parts of the world are issued. The officers of the bank are: William Alvord, president; Charles R. Bishop, vice president: Thomas Brown, cashier: S. Prentiss Smith, assistant cashier; I. F.

Moulton, second assistant cashier; Allen M. Clay, secretary. The directors include the following well-known capitalists and men: James M. Allen. William Babcock, Antoine Borel, H.

H. Hewlett, Myer Lewis. Charles R. Bishop, Adam Grant, Edward W. Hopkins, Jacob Stern, George Whittell.

The bank's correspondents are: New York, Messrs. Laidlaw the Bank of New York. N. B. A.

Baltimore. The National Exchange Bank: Boston, The National Shawmut Bank; Chicago. Illinois Trust anJ Savings Bank, Union National Bank; Philadelphia. Philadelphia National Bank: St. Louis, Boatmen's Bank: Virginia City, New, agency of The Bank of California; London.

Messrs. N. M. Rothschild Sons; Paris, Messrs. de Rothschild Freresf Berlin, Direction der Disconto Gesellschaft; China.

Japan and East Indies, Chartered Bank of India, Australia and China: Australia and New Zealand, The Union Bank of Australia, Limited, and Bank of New Zealand. HIBERNIA BANK. A Famous Institution, With Assets Aggregating $42, 570,454. The Hibernla Bank, which occupies a palatial home at the corner of Jones, Market and McAllister streets, is the leading savings institution west of Chicago. Incorporated in April, 1859, it has grown from a humble beginning to colossal proportions, so that to-day its total assets of astound the financial world.

The bank has no capital stock. There is due depositors $39,687,308 and re! serve fund amounts to $2,883,145. The i conservative policy of James It. Kelly, 1 president, and Robert J. Tobin.

tary, has raised the bank to a high plane of prosperity. Its loans are gilti edged and yield sufficient income to afj ford the payment of good interest to depositors on their deposits. The directors of the bank are: R. J. I Tobin, James R.

Kelly, Alfred Tobin, I Charles Mayo. R. N. Tobin. Patrick i Crowloy.

J. S. Tobin and E. J. Tobin.

Anglo-Californian Bank. Among the solid financial institutions of San Francisco none stands higher among business men than the Anglo-Californian Bank. It was organized in April. 1873, and has a capital stock of $6,000,000, of has been subscribed and nearly $2,000,000 paid in. The surplus aggregates $700,000.

The management of the bank is in the hands of Ignatz Steinhart and P. Lilienthal. A general banking business is transacted, including the issuance of hills of exchange, commercial and travelers' letters of credit, collections, buying and selling of bonds, stocks and bullion. The correspondents of the bank include the best known banks in all the lareer cities of the world. The London directors of the bank are E.

H. Lushington. Isaac Seligman, Joseph Sebag Montefiore and J. Simon. A STRONG CONCERN.

The Continental Building and Loan Association of California. To the wage-earner of small means the question of how to secure a home for himself and family ever presents itself. He who is compelled to pay rent equal to one-quarter of his income rinds that a life of constant drudgery confronts him. How then shall this be The question is easily answered build your home on the installment plan. Instead of paying rent every month, which is a total loss of so much capital, devote the money to payments on your own property.

Within ten years the home is paid for and the question of rent no longer disturbs the si lenity of the owner. Of all the plans which appeal to the consideration of property owners the best is that of the building and loan association. There are many of these institutions in California, but there is none which stands higher in public estimation or whose operations are larger than those of the Continental Building and Association of California, located at 222 Sansome street, San Francisco. This powerful concern was organized in ISB9, and has built more homes in this State than any other institution in the same line. The solidity of the association is evidenced by its large capital, amounting to $7,250,000, of which has been actually paid in.

Its profits and reserve fund amount to $140,000, while its monthly income is $75,000. It should not be imagined that the business of this association is confined exclusively making- loans on real estate in San Francisco. On the contrary money is loaned to parties all over the State, and some 1327 mortgages are held on property in sixty-five cities and towns in California. Branches have been established to the number of in the leading cities and towns of the State. Its extensive business has been a blessing to wage-earners, for it enabled thousands to secure homes of their own.

In 1597 one-tenth of all the homes erected in California were built by its aid, and this jear one-eighth of the homes were erected with capital furnished by the association. It is very essential that the wageearner of small means who desires to secure a home for his family should Identify himself with the safest and most prosperous building association in the business. The figures given above show that the Continental Building and Loan Association possesses these two qualities to a marked degree and its prosperity is a guarantee of the prosperity of every member. The burdensome interest and premiums exacted by smaller associations are not exacted by the Continental Building and Loan Association, but, on the contrary, the most favorable terms are given to borrowers. The officers of the association are gentlemen of high standing and reputation in the business world.

Its directors are realty experts, as "well as conservative business men, qualities which insure a management of affairs in the interests of the loaher as well the borrower. Every member of the association shares in the profits, a favor which a borrower from any other source fails to enjoy. The president of the association is Dr. Ed E. Hill, and the vice president.

Captain Oliver Eldridge. The general manager and secretary is William Corbin. JOHN G. EDWARDS Will Represent San Francisco in the State Board of Equalization. J.

G. Edwards, member-elect of the State Board of Equalization to represent the First or San Francisco District in the board, is a widely known journalist of this city, he having been for years editor and proprietor of the Coast Review. He is in touch Avith all matters pertaining to business on this coast, and his election as a State Equalizer cannot fail to be of benefit to the -ople of this district. Mr. Edwards is a Grand Army veteran of prominence and he was Instrumental in securing money to establish the Veterans' Home at Yountville.

He has taken an active part in politics for years past, but until recently never aspired to office. He is the successor of A. Chesebrough on the State Board of Equalization, and that he will prove worthy of the trust reposed in him it is safe to promise. The cost of a heating plant for the Vatican, capable of warming its thousands of rooms, has been tigurert on by competitive bidders, the lowest figure being $180,000. Tlii' Pope declines to incur the expense, though great difficulty is experienced in keeping nis apartments warm enough for comfort in his old age.

31 1852.... WELLS, FARGO CO. BANK, SAN FRANCISCO, CAL. CASH CAPITAL 88,550,000 OO JOHN d. VALENTINE President HOMER S.

KING Mnmgsr H. WADS WORTH Cashier F. L. LIPMAN Assistant Cashier H. L.

MILLER Second Assistant Cashier NEW YORK H. B. Parsons, Cashier BRANCHES! SALT LAKE J. E. Dooly, Cashier PORTLAND, Or.

R. M. Dooly, Cashier LONDON Messrs. Glyn, Mills, Currie Co. STATEMENT OF CONDITION At Close of Business, July 30, 1898.

ASSETS. Loans $9,565,076 19 Bonds, Stocks and Warrants 1,139,894 77 Real Estate 1 ,329, 146 07 Furniture and Fixtures 16,845 29 1i Miscellaneous Assets 9,550 81 Due from Banks and Bankers 395, 145 04 Cash 3,426,507 62 JSpT $15,882,165 79 LIABILITIES. Capital, paid up 500,000 00 Surplus 5,750,000 00 Undivided Profits 818,065 32 Deposits, Banks and Bankers 2,082,766 78 Depos.ts, Individual 6,73 1,333 69 $15,882,165 79 A General Banking Business Transacted. Domestic and Foreign Exchange Bought and Sold. Travelers' and Commercial Credits Issued, Available in All Parts of the World.

Bullion and Mexican Dollars Bought and Sold. Made Promptly and Economically. Accounts Received on Favorable Terms. Correspondents in Europe, Asia, Africa, North a South America, Australia and Oceanica. Special Attention Given Mercantile Accounts.

W. S. DAVIS. CARL A. HENRY.

B. DAVIS jLe Jl i Jl mJI STATE AGENTS OF THE Greenwich Fire Insurance Co. of the City of New York, American Fire Insurance Co. of the City of New York, Maryland Casualty Company of Baltimore, Md. SAN FRANCISCO AGENTS FOR A Strong Line of American and Foreign Fire Companies.

CAPITAL REPRESENTED ASSETS REPRESENTED $12,500,000. $50,34 7, 363. OFFICE! 215 SANSOME STREET, TELEPHONE 1100 MAIN. SAN FRANCISCO, CAL. The California Dry Dock Office, 302 California HA mco TAKEN OUT EXPEDITIOUSLY Moderate Rates DRY I Foot of Spear i For CLEANING and PAINTING or for SURVEYS and REPAIRS.

HUNTER'S POINT STONE GRAVING DOCK FLOATING DOCKS, SPEAR STREET, LENGTH 493 I Length 301 Feet, Width 90 Feet. T. WIDTH OF ENTRANCE 00 FEET. No. Capable of LJf ting 3000 tons.

JL DEPTH ON SILL 24 FEET. No. Capable of Lifting up to 1000 tons HENRY B. SGHINDLER CAM vczs Repairing Done in First-Class Style at Fair Prices for Good Work. Weekly Call, $1 ,50 per Tear.

ESTABLISHED IN 1856. I TUBBS I -f MANUFACTURERS -f OF ALL SIZES OF 4. I MANILA AND it SISAL Binder Twine, Lath Yarn, Drilling Cables, Whale Line, Rope I for Transmission of Power. 607, 689, 611 and 613 FRONT STREET, SftlS FRfINCISCO. 4.

FACTORY AT 4, POTRERO. 4. AMERICAN OSSTHiGT TELEGRAPH I (uLLUilnrnisiariisiiii MAIN OFFICE ....607 MARKET BRANCH OFFICES: 22S California st. I Golden Gate a.v»., cor. Tay- lor; 205 Butter 833 Sutter, near Leaven- worth; Valencia and Hayes and Larkln sts.

2407 Califor- nia near Ftllmore. New Branch Office Opened at 116 Powell st. YOU PULL DOWN THE HANDLE. OUR MESSENGER DOES THE REST! IF YOU HAVE NO CALL BOX PLEASE TELEPHONE TO Main Market oh Opposite Montgomery. East 305 Sutter Leavenworth.

-OR South 2 Golden Gate OR Corner Taylor. Grant Sutter Above Kearny. FOR MESSENGER HOLIDAY PACKAGES Delivered by messenger to any part of this city, Oak- land, Alameda, at reasonable rates. No delay. ALUMINUM ANTIMONY BABBITT METAL All Grades.

BISMUTH COPPER Braziers' Sheet Copper. Cold or Hard Rolled Copper. Mirror Finish or Polished Copper. Engraving Copper for Etchers and Engravers. Copper Bottoms.

Hound an.l Oval Tits and FlaU. Soldering Coppers for Tinners, Can- ners and Roofers. Bolt Copper, etc. BATTERY ZINCS SLAB ZINC LEAD Pig Lead. Bar Lead.

Calking Lead. Lead Sash Weights. LINOTYPE METAL STEREOTYPE METAL (Used by all the leading Pacific Coast Papers.) SOLDER tor Tinners. Plumbers. Canners.

PIG TIN, Etc. SPECIAL BRANDS OF ROOFING IiNT. I Pacific Metal Old Process, Made of best Siemens Martin Hammered Steel, heavily coated by hand; free from wasters. We guar- antee this equal in all respects to any plate that can be offered. (Old PtylP) One of the oldest and best brands redipped plate.

FRISCO Beat of the common plates. PACIFIC METAL WORKS, 137-139 First Street, SA2ST PRANOISOO, NEW WESTERN HOTEL. KKAiINY A.M." VVAbiiIMiTON modeled and renovated. WARD CO. European plan.

Rooms EOd to $1 5o day; $5 to week; JS to $30 munth. baths; hot and cold water every room; tire grates in every room; elevator runs all night..