CALIFORXTA. 



The University of California has $558,960 loaned 

 on mortgage and lias real property valued at $4*6,- 

 430, making a total of $1,025,390, which has been 

 withdrawn from assessment. 



The franchises of all corporations having special 

 privileges, such as water, pis, electric light, tele- 

 phone and street railroad companies, are assessed 

 at $11.026,400. 



Banks. The report of the Bank Commissioners 

 gives the following summary of the condition of the 

 commercial, savings, national, and private banks in 

 the State Aug. 31,1898: Resources bank premises, 

 $7,105,034.31; real estate for debt. $17,594,326.88; 

 invested in bonds, $5840,287.14 ; loans on real es- 

 tate. $11^288^50.18; loans on stocks and bonds, 

 $19.041.115.21; loans on other securities, $7,295,- 

 105.5!: loans on personal security. $57,815,271.76 ; 



HENRY T. GAGE, GOVERNOR OF CALIFORNIA. 



money on hand, $31,242,296.76; due from banks, 

 $23,451.148.01; other assets, $3,724,645.74; total, 

 $330.892,531.58. Liabilities capital paid in coin, 

 $50,870.258.21; reserve fund, $28,296,584.14; due 

 depositors, $232,709,284.16; due banks, $12,380,- 

 739.94; public money, $177,718.29; other liabilities, 

 $6,457.946.84; total, $330,892,531.58. Compared 

 with the figures in the report of July 31, 1897, it 

 shows an increase of assets and liabilities for all the 

 banks of $28,477,075.96. 



Loan Associations. The annual report of these 

 a-~i >riat ions comes down to May 31,1898. There 

 were through the year 148 in the State ;. besides 

 these, 5 ceased business and 4 began within the 

 year. Three of the 5 are in course of voluntary 

 liquidation, and 2 are in the hands of receivers. 

 The number of members in all the associations is 

 37,690, of which 11,074 are borrowers. The report 

 on the 148 associations was as follow : Assets 

 loans, $17,027,375.63; arrearages, $506,122.17; real 

 Mate, $1,761,625,87; cash in hand, $610,612.71; 

 other aoels, $264,990.34; total, $20,771,226.72. 

 Liabilities dues, installment stock, $13,107,176.69; 

 paid up and prepaid stock, $1,231,121.75; earnings 

 apportioned. $4,342.436.79; advance payments. 

 $65,592.29 ; reserve and undivided profits, $450,- 

 209.63; unearned premiums, $234,075.68; over- 

 drafts and bills payable, $938,895.74 : other liabili- 

 ties, $401,718.20; total, 120,771,226.78. 



The net profits were $1,306.575.74, equivalent to 

 7.28 per cent, of the average amount of loans in 

 force during the year. In 1894 the percentage waa 

 7.77, in 1895 it was 7.19, in 1896 it was 7.11, and in 

 1897 it was 7.20. Mortgage loans to the number of 

 2,584, and Stock loans to the number of 1,802 were 

 made during the year, the amount represented be- 

 ing $3,521, 824.06," which is 19.97 per cent, of all the 

 loans outstanding. The loans repaid amounted to 



$4,156,450.66, or 19.08 per cent, of all the loans in 

 force. 



Education. The annual apportionment of 

 school money in July distributed $1,071,637.39 on 

 the basis of the census enumeration of 340,952 

 children. 



In the report of the San Jose Normal School it was 

 shown that 93 per cent, of the graduates of the pre- 

 ceding year had taught in the public schools of the 

 State. The enrollment for the year was 592. 



The University of California received in Septem- 

 ber a gift valued at $2,000,000 from Miss Cora Jane 

 Flood, consisting of the Flood residence and tract 

 of about 540 acres, near Menlo Park, Cal., one half 

 interest in about 2,400 acres of marsh land adjacent 

 to the residence tract, and four fifths of the capital 

 stock of the Bear Creek Water Company. The 

 only conditions made by the giver were that the 

 residence and a reasonable area about it, including 

 the present ornamental grounds, shall be kept in 

 good order for fifty years, and that the net income 

 from the property and its proceeds shall be devoted 

 to some branch of commercial education. 



The new building for the medical department, 

 one of the affiliated colleges for which buildings 

 have been erected on a hill south of Golden Gate 

 Park, was formally opened in October. 



More than 200 students were graduated at the 

 University May 18. Small classes were graduated 

 in December. 



At the commencement of Stanford University, 

 May 25, a class of 161 students received degrees. A 

 department of metallurgy and mining engineering 

 has been added to the university. Heretofore the 

 little work done on these lines has been in connec- 

 tion with the department of geology. It is an- 

 nounced that the Stanford residence (see " Annual 

 Cyclopaedia " for 1897, page 98) is to become " The 

 Stanford Academy of History, Economics, and 

 Social Science." It is to be the center of the exten- 

 sion work of the university ; courses of lectures will 

 be given on the subjects named, and provision will 

 be made for post-graduate study. 



Convicts. The annual report of the warden of 

 the prison at San Quentin for the forty-ninth fiscal 

 year, published in July, shows that the cost of main- 

 taining each prisoner during the year averaged 

 $10.76 a month. Deducting the earnings of the 

 prison from the gross expenses, the net cost of 

 maintenance was $9.06 per capita, or 30 cents a, 

 day. The monthly average of prisoners was 1,335 

 against 1,329 for the previous year. During the 

 twelve months 37 deaths were recorded, of which 5 

 were executions and 1 a suicide. 



The Insane. At a session of the State Commis- 

 sion of Lunacy, July 19, a committee was em- 

 powered to enter into negotiations with the Chinese 

 Six Companies and some steamship company to 

 deport all the insane Chinese now in the State asy- 

 lums. It was said that there are between 400 and 

 500 of these insane, and that their exportation tp 

 China would save the State annually $60.000. 



The Chinese companies offered to give $25 a 

 head toward the cost of transportation. As they 

 are obliged to send to China the bones of every 

 dead Chinaman, 'the shipment of which costs a 

 material sum, the companies are in favor of trans- 

 porting the insane as a business measure. 



Insurance. The Insurance Commissioner made 

 a written demand, in January, on each of the 34 

 European fire insurance companies doing business 

 in California for unpaid license foes aggregating 

 $279,530.98. In the majority of cases the claims 

 ran back twelve years. They are based upon sec- 

 tion 1 of the act of March 3, 1885. requiring foreign 

 insurance companies to pay annually 1 per cent on 

 their premiums to the treasurer of every county or 



