The Financial Number. 



THE Financial Number of FOR CALIFORNIA is one which carries much 

 of interest, not only to the man connected with commercial institu- 

 tions, but to all who have thought for the progress of the State. 

 California's finance is not exactly unique, but it shows material dif- 

 ferences from that of many other States. In the present number of 

 FOR CALIFORNIA are presented articles from some of the best known 

 men of finance in the State, and these opinions and expressions coming 

 from experts have great significance. 



Charles Sleeper, Manager of the San Francisco Clearing House, shows 

 the progress of San Francisco in a most elaborate statistical table of the busi- 

 ness of the banks of the city for the past thirty years. It is noted that the 

 increase in business has been most marked during the past six years, and 

 with the beginning of the new year the indications are for still more phenom- 

 enal progress. 



W. C. Patterson, President of the Los Angeles Clearing House Associa- 

 tion, tells of the growth and development of that city, showing the wonderful 

 improvement that has come, not only to the financial institutions, but to the 

 whole city, through the persistent efforts of the community to make known 

 the advantages of the municipality. 



Professor Carl C. Plehn, in an article -on "The Public Revenues and 

 Expenses of California," gives a clear idea of the taxation of the people and 

 the benefits derived by the State from the use of this money. He shows that 

 the State is in a financial condition, the soundness of v/hich is not excelled 

 by any other State in the Union. 



Truman Reeves, State Treasurer, tells of "California's Possibilities," and 

 shows that with the revenues at hand and the constant increase of cash in 

 the treasury, coupled with the fact that the State has practically no debt, the 

 future holds nothing but good for the Commonwealth. The school system 

 is shown to be specially benefitted by present conditions. 



Insurance conditions in California is the subject matter of an article 

 written by E. Myron Wolf, State Commissioner of Insurance. In it he shows 

 how the conditions which have recently been unveiled in the East are impos- 

 sible in California, owing to the rigid examination and inspection of com- 

 panies doing business in the State. The article is one which deserves care- 

 ful consideration and is worthy of close reading. 



William Sexton, one of the oldest and best-known insurance men of 

 the Pacific Coast, writes on Insurance conditions, and shows why com- 

 panies organized here are in good condition and on a sound financial basis. 

 The article is clear and concise, and one which will well repay the reading. 



Under the heading of "California's Financial System on a Solid Founda- 

 tion," Benjamin C. Wright reviews the history of the State's finance, show- 

 ing the changes which have come since the early days, and giving a clear 

 Insight into the methods which have made California strong in the financial 

 world after its half century of existence. The history of California's growth 

 through its finances reads almost like a romance, and in his article Mr. 

 Wright has brought out all of this pleasurable information. 



Taken as a whole, this number of FOR CALIFORNIA contains much 

 that is of interest to the general reader, as well as to him who has his lines 

 cast in financial waters. 



