There has been no authoritative compilation of figures on industrial affairs 

 since the Federal census of five years ago. At that time the Government 

 figures made the following exhibit: 



Number of industrial concerns doing business in the city, 1415; salaries 

 of officials, clerks, etc., $840,855; number of wage-earners, 8044; wages 

 paid, $3,992,733; cost of materials used, including freight, $10,290,368; 

 cost of power, $282,292; value of all products, $21,297,537. During the 

 five years the population has considerably more than doubled, and there is no 

 room left for doubt that during the same period the various industries of the 

 city have averaged at least an equal increase. The enterprises established 

 in connection with the various railroads have considerably more than doubled, 

 if we include the Huntington Syndicate system of urban and interurban, 

 rapid transit electric roads, which have all been developed during the five 

 years. Assuming this estimate to be measurably correct, there are in the 

 city at the present time over 2800 industrial establishments, employing 

 about 16,000 men. The number of employees given here include only those 

 employed in strictly manufacturing concerns of one kind or another. The 

 three great transcontinental railroads centering here and the Huntington 

 Syndicate of rapid transit roads, urban and interurban, are employing at the 

 present time not less than 60,000 persons whose homes are in or very near 

 the City of Los Angeles. The wages paid, including salaries of officials, in 

 these strictly industrial, manufacturing enterprises, at the present time must 

 amount to considerably over $8,000,000; the rents paid for premises, 

 including uptown offices, amount to more than $2,000,000; the cost of ma- 

 terial, including freight, to more than $20,000,000; for power there is ex- 

 pended annually considerably over $500,000, and the value of the finished 

 products runs to above $40,000,000. 



During the past three years there has been expended annually in thecity 

 from $10,000,000 to over $15,000,000 for the building of new structures, 

 including houses, business blocks, factories, etc. During the year 1905, the 

 number of permits issued by the Superintendent of Buildings for the city 

 ran to over 9000. At least 6000 of these permits were for new structures 

 costing all the way from $1000 for cottages for wage-earners up to ten 

 and twelve story steel-frame buildings costing in some instances as high as 

 $250,000. The expenditures made by the Huntington Syndicate in extending 

 street car lines and interurban electric lines has amounted to not less than 

 $5,000,000 a year; perhaps in the five years the total expenditure has run 

 to $30,000,000. There are in all more than a dozen of these electric lines 

 running out of the City of Los Angeles to distances varying from six to ten 

 miles, to as much as thirty miles. These lines radiate from Los Angeles 

 like spokes from the hub of a wheel, and run out to all points of the compass. 

 This work is still going steadily forward. 



At the present time there are a total of sixteen commercial banks 

 in the city, with deposits of quite $50,000,000. This shows an increase 

 during the year 1905 of more than $20,000,000. These sixteen banks on 

 the 1st of January paid dividends amounting to about $365,000. The 

 banks all paid dividends at the rate of from 6 to 12 per cent. Besides these 

 commercial banks there are nine savings banks of a magnitude worthy of 

 consideration doing business in the city. These savings banks have at the 

 present time deposits aggregating over $33,000,000, showing an increase 

 during the past year of considerably over $8,000,000. The dividends paid 

 depositors during the past year by these savings banks amounted to nearly 

 $700,000 and the dividends paid to stockholders amounted to perhaps 

 $350,000 for the year. 



At the present time, the paid-up capital of all the city banks of all 

 classes approximates closely $9,000,000, and the surplus of these financial 

 institutions combined is quite $10,000,000. 



The general conception outside of Los Angeles is that all we have here 

 is climate. We willingly concede — indeed, we enthusiastically proclaim — 



