The San Francisco Call. Newspaper, October 18, 1896, Page 8

8 THE SAN FRANCISCO CALL, SUNDAY, OCTOBER 18. 1896. BUSINESS 15 NOW ENJOYING A BOOM Leather and Fruit Dealers Surprised by, Big Orders. Nothing to Account for It But Confidence in McKinley’s Election. MERCHANTS WORKING NIGHTS. The Return of Good Times to Follow Republican Success Antici- pates It The election of William McKinley is so far assured in the belief of business men in the East, that that confidence which is predicted as certain to follow that much- desired consummation has already set in in anticipation of 1t. The fact is business circles are just now enjoying a thrill of life, the like of which they have not known for several years. It has come upon them as a surprise here within the past two or three weeks. Without an exception, all the business men whom THE CALL yester- | day asked for an explanation of the cheer- | fui phenomenon attributed it to the strong indications of Major McKinley’s election to the Presidency. This applies to all other than the wheat and flour men, who have been enjoying something of a boom for many weeks. Theexhilaration in that direction is attribated of course to failures of crops in other wheat-producing coun- tries. But branches of trade having nothing to do with wheat, such as leather and fruits, have taken on a spurt that the men engaged in them cannot account for ex- cept in the belief that buyers have become | assured that our National credit is not to be disturbed by any radical change in our financial policy. “No, we won't take the usual Saturday half holiday to-day,” said a member of the firm of Porter Bros., dealers in dried iruits, yesterday afternoon, ‘‘we being rushed, absolutely rushed, with orders from the East. In my experience 1 don’t remem- ber to have seen business look up in this fashion in October. It came upon us all of a sndden, starting about the first of this month. Latterly we have been kept at work not only all day but at might. “‘Growers are getting about twice what they received for their product last year. The cause? Well, I can see nothing for | it but that big dealers in the East feel reasonably safe with regard to the future—by which I mean that McKinley will be elecied and business will not be disturbed—and so are going in for it, losing no time. They have held off and held off, allowing their stocks to run| down uniil they really must bave the goods, and feeling reasonably confident that all is well, they bave jumped in all | in a bunch and are buying hand over hand. AsIsay, I can’t explain it atall on any other grounds. Business men want to do business, and have only been waiting the cue to start in. Our firm has been doing more business within the past few weeks than it hes done in any like period in several years.” C. E. Whitney of C. E. Whitney & Co., sion merchants, said: here is a very marked improvement in our busi- | ness, which has come along during th past few weeks—in fact, whether it was a mere coincidence or not, I cannot eay, but I remember thatthe first notable bunch of orders came in on the day following the nomination of Palmer by the gold Demo- crats at Indianapolis. Iam assured that Eastern business men have become firm in the belief that McKinley will be elected. They are thereiore confident that our National credit will not be disturbed, that sound money will prevail, and are so giv- ing their minds to business again. The improvement is also due in a measure to the upward leaps of wheat which benefits everythineg else in sympathv. I hope for a continuance of the bettered conditions. I have no doubt of it if Major McKinley is made President.” Colonel Frank W. Sumner of the Sum- ner Tanning Comvany was altogether fixed in the opinion that the better condi- tion of the trade in his line was due to a play of confidence in the election of Mec- Kinley. There was really ncthing else that could account for the marked im- provement. “Trade,” he said, “has been depressed | for a long, long time; times have been very bad, very many people quit eating | meat; not so many cattle were killed; the | stock of hides became. run down gnd continued so0 to do until now they have | reached quite a low mark, althovgh, mind you, *he bottom has been by no means reached. Things are in thai condition, however, that they stand ready to leap | forward in active business with the assur- | ance of security, of protection and sound finances. Things have notably in our line.” A. B. Patrick of A. B. Patrick & Co., dealers in hides, etc., talked along the | same lines exactly. ‘‘Immediately after | the Chicago convention, when things looked as though tihe country was goin, to lose its head for Bryan and free silver,’ he said, ‘‘business fell absoluteiy flat. No man coald be induced to buy more than he needed for one day. Now men buy for two and three weeks aheaa, at prices very | considerably advanced above those pre- vailing at that time, That shows confi- dence in the future, and that confidence must be based on a belief that McKinley’s election is assured. The improvement be- gan about two weeks ago und has been cumulative as time passes. “‘An improvement in business always grows out of some well-defined conditions that account for it. There is no precon- certed plan on the part of business men to buy a1 one time or sell at another. Busi- ness men study their business for their own individual welfare, and when a man in Maine begins to order hides and an- other in Minnesota does the same, and so | on from all over the country, it would in- dicate that there was something in the air. Itisthe business men who feel these things first, and who know what they want. These professional men and poli- ticians theorize and tinker with tariffs and finances and really know nothing about either. I predicted that hard times would follow the election of Clevelana with his free-trade ideas. I told my men what would follow, but, I believe, most of them voted for Cleveland. Well, I am working just fifty less men than I em- ployed in 1890 and have been compelied to reduce the wages of those that remain. ‘*And there's the wool business—‘Oh, we must have free wool,” they d. Well, of the spindles thai were in action at the | time of the last National election about 25 per cent are Kept going now in a desultory way, while those of England are rattling night and day. England is the one great purchaser of wool now and as a result she names the price. American wool-gzrowers as well as manufacturers have suffered immeasurably. They cannot sell their product. We have customers who cannot pay their bills yet who have immense stocks of wool on hund. *‘They canfiot get adyances on them, A few years ago to have wool was as good as baving gold. But the leaven of confi- dence in a return to a better order of things has been working all over this country, and that affects .the markets of the world. There are no other 70,000,000 improved .very | | house. of people in.the world who are such con- samers as the people of this country. When they begin buying they buy heavily. I expect to see something verv like a boom in this country if McKinley is elected.” OLD LADIES’ HOME. The Inmates Will Be ‘“ At Home’’ Next Saturday to Their Friends. The ladies residing at the Proiestant Episcopal Old Ladies’ Home, Golden Gate avenue, near Lott street, will be at home to their friends on Saturday, Ocfober 24, from 2 to 10 o'clock. On this occasion the lady board of managers will hold the annual sale and tea complimentary to the old ladies, The tables will be under the super- vision of: Mrs. R. B. Sanchez, president; Mrs. H. W. Thorp, secretary; Mrs. C. E. Gibbs, Mrs. A. H. Phelfis, Mrs, A. M. Prindle; Mrs. A. B. Clarke, Mrs. P. L Asbury, Mrs. M. D. Wison, Mrs. T. L. Southack, Mrs. E. J. Lion, Mrs, R. Morri- son and Mrs. Astredo. The ladies will be assisted by several young misses, and light refreshments will be served. A musical and literary entertainment will be provided for the guests. This promises to be one of the most sue- cessful receptions given in the history of the home, and ul% the Episcopal clergy- men will be present. HOMES DY ISTALLMENTS A Powerful and Progressive Organization That Encour- ages Thrift and Economy. Review of Affairs of the Coutinental Buiiding and Loan Assce ciation. An association which has for 1ts objects and purposes the encouragement of thrift and economy among its members is a body that is of benefit not alone to its in- dividual members but to the community at large. A comment on the review of the work- ings of such a concern will undoubtedly vrove of interest to all those interested in what may prove & medium throngh which their savings can be invested to yield the largest returns consistent with absclute safety. The 2ssociation in question, which has dove more during tbe pastdecade' than any other concern of its sort to ad- vance the interest of persons in medium circumstances, or those depending upon a limited income to buy a home, is the well-known Continental Building and Loan Association of San Francisce. The Continental Association is becom- ing petter and more favorably known every day as a soclety to encourage industry and frugality and to promote thrift and «conomy among its members. It is a duty incumbent on every parent, who is not embarrassed by sickness or family trouble, to make an effort to buy a home, and through this association terms can be made suitable to almost any per- son in any walk of life, for the acquire- ment of a home. DR, NOBLE MADE STRONG OBJECTION Insinuated That an Attack Was Made on R. J. Trumbull Synod Dis‘urbed by the Finances of the San Anselmo Seminary. A NEW COLLIGE SUGGESTED. Home and Foreign Missions Took Up Much of the Time of the Synod Yesterday. The morning’s session of the Presby- terian synod began yesterday with devo- tions led by Elder D. E. Collins of Oak- land, after which the report of the committee on bills and overtures was | read by Rev. Mr. Stevenson. A request of one overture was that the presbytery of | Santa Barbara, including that of Ventura, be inaugurated, to hold the first meeting December 1, 1896. i Rev. Arthur Crosby suggested that it would be a good thing for tne young people of the denomination to establish a college department under Presbyterian in- fluence. At the close of his speech in support of this idea he offered the follow- ing: Resolved, That a board of visitors be ap- pointed by the moderator, composed of an elder and pastor from each presbytery; that it shall be their duty to visit the Tamalpais Aca- demy at a stated time; that they shell report 10 this synod on the advisability ot founding & college department in connection with the academy. In making the motion to adopt this | resolution, Dr. Noble said it was impos- sible to do too much in encouragement of such an act, as young m'n at tune univer- sities do not there acquire the idea of en- tering the ministry, and it was necessary that they should have the religious train- ing as a preliminary. After some discussion indulged in by President J. W. Parkhill of Occidental College, Dr. H. C. Minton of San Reafael and Rev. Messrs. £llis and Reynolds, Dr. Cros- by’s resolution was adopted unanimously. T;s treasurer's report was adopted as read. Dr. Minton, as chairman, then read the report of the committee on foreign mis- sions. The foilowing recommendations were made: That the work of the Ocei- dental Board of Missions and that of the Chinese and Japanese missions here be | commended; thatin view of the impend- An Ideal Home Built by the Continental Building and Loan Association, The borrowing of money from a build- ing and loan association for the purpose of buiiding a home cannot be considered as going into debt. Without a home a man is forced in debt for his rent. With a home tiie money he pays out to the as- sociation pays for his property. It is the purpose of the Continental Building and_Loan /Association to help those in medium circumstances or those | depending upon a limited income to ac- quire such a home or to accumnulate earnings by providing a sort of compul- sury savings system which enables him 1o pay in installments the vrice of his How well this mission has been carried out the following statement of the affairs of this prosperous association go to show: In the year 1895 the. assets of this com- pany were valued at $185400 29. Last year saw this total increased 10 $324,522 07. | At the same time the profit and reserve funa had sprung from $26,657 26 to $41,- 231 87, and the value of the paid-up stock from $31,000 to $65,000. Significant of prosperity as these. fizures are other fig- gures bearing even more directly upon the business done afford yet stronger proof. Thus it is shown that the amount loaned durine the fiscal year which ended in 1895 was $73,432, while the corresponding amount for the present year is $141,860. The appraised value of the association’s land and improvements securing last year’s loans was $168,200; securing this year's loans is $358,864. The insurance covering the association’s loans in 1895 was $82,075; in 1896, $158,405. The num- ber of homes built by members of the Con- tinental in 1895 was 54; this year it is 80. Daring 1895 also 101 loans were made, the cnrreslpondinz showing since being 161. Finally 24286 shares have bean written during the fiscal year just ended, as against 11552 for the year previous. When the operations of any business or- ganization go far toward doublingina single year, and that during a period of acknowledzed dullness and hard times, it surely proves quite conclusively that the concern is growing in the confidence of the public. The Continental Building and Loan Association is an incorporated society under the laws of California and its officers are composed of such well-known and substantial business men as Ed E. Hill, president; Captain Oliver Kldridge, vice-president; and Williim Corbin its secretary and general manager. The growth of this association has been phe- nomenal and its success is directiy due to the fact that it has at its head men of ex- perience in building and loan affairs, the promptness and dispatch of all the busi- ness matters and the courtesy exiended to all its patrons. The home offices are located in the bandsome building, 222 Sansomestreet, at the corner of California. A neat pamphlet has been published by the company containing cuts of the various houses recently constructed, copies of which can be had on application. ————— Vortk for Charles A. Low for Police Judge. * | ing erisis and the imperilini of this vast tield of Cnristian work all be pledged to use every possible means of urging the churches to secure the generous contribu- tions of their members for the support of such work. Dr. Thomas Marshall, field secretary of the board of f:reign missions, New York, made an eloquent discourse on that sub- ject, in which he deprecated the cowardice or lukewarm spirit which actuated those ministers who ayoided the prejudices of those members of their congregations who did not believe in foreign missions. His speech was greeted with warm applause. Mrs. P. D. Browne presided at the read- ing of the réport of the Woman’s Occi- dental Board. She said the work of foreign missions was merely the letting of light into the benighted heathen sou’s. Mrs. D. M. Condit, State secretary, gave an account of what the board has accom- plished and stated that in addition to the education in missions many of the young {veople are now offering themselves as missionaries. The most of tke report was devoted 1o an account of the financial conaition and work of the missions in the various State presbyteries., The general report of the year's work was given by Mrs, Kelly. “Womanhood in the Occidental board,” she said, *is on the rise, and, as Beecher said, when womanhood goes up it matters not what harpens to armaments and war fleets.’” Mies Barrett then gave the report of the committee on special objects. Her re- port was largely devoted to denomina- tional mission work in China and Japan. Prior to their entering the synod at 11 o’'clock A. M., to make their report, the ladies were engaged in discussing mission work. Mrs. F. R. Farrand opened the session with ‘greetings.”” Mrs. E. V. Robbins spoke-of Monday morning meet- ings at headquarters, The discussion of ‘‘Presbyterian Sug- gestions” was opened by Mrs. R. F. Coyle and responses were made by the various Presbyicrial residents. The subject of “Literature for the Aux- iliary aod Sabbath School” was intro- duced by Miss A. Hambly. Responses were made by the Presbyterial secretaries of literature. At the afternoon session of the synod, after the transaction of some unimportant business and various sub-committee re- ports, Mrs. W. Perkins, president of the woman’s executive committee of Home Missions, read the report of that commit- tee; Mrs. W. S. Bartlett, the synodical secretary, read her report and Miss Julia Fraser, synodica! secretary of the young people’s work, read i er report. All were encouraging and gave an account of good work done. Then came the report of the committee on the 8an Anselmo Theological Semi- nary, read by Rev. ¥. R. Farrand, some provisions of which stirred up a deal of ill feeling and caused strong insinuations to be made pro and con. 1ts principal provisions or recommenda- tions were that Professor Kerr should be employed as tutor in Greek at the semi- nary at a salary of $3500 per annum; that the attention of congregations should be called to the advisability of urging voung men to enter the institution; that various powers should be given to the faculty; that the board of directors should be in- creased from twenty-four to twenty-six, and that some one should be employea at a salary of $2000 a year to undertake the general management of the institution. Beyond a slight objection made by Dr. Dinsmore that the ciause relating to the powers given the faculty were not clear, interest centered round the proposition of & manager for the institution. The report stated that although the institution was worth $700,000 the finances were now nearly $14,000 in arrears. Dr. R. Grabham of Chicoadmitted things to be in a bad condition, but believed this to be a bad time to make an aggressive change in management. Dr. Noble of S8an Rafael said he thought the intent of the clause was to make & di- rect attack on R. J. Trumbull, who as business manager had done his work effi- ciently. Dr. Dinsmore thought nobody could consistently be asked to give his support to an institution in so Ilamentable a financial condition. In reply Dr. Farrand said he would ex- cuse Dr. Noble for theinsinuations he had made against the committee, because it was due to personal passion and Mr. Trumbull’s being 8 member of his church. He assured the synod that no attack had been made on anybody, but as six or seven students had been furned away during | | the year owing to financial trouble a change was necessary. Judge Thornton wanted to know the au- thority for the statement made about students, but failed to get it at the time. Mr. Trumbull finally rose in his own behalf and made a lengthy speech. It was at last decided that the maiter be made the second subject for discussion Monday, home missions coming first. In the evening there was a young peo- ple’s rally in the main room. The praise service was led by Rev. H. N. Bevier, president of the Young People’s Presby- terian association of S8an Francisco. Music was rendered by the Moody Insti- tute of Chicago. J. S, Webster of San Francisco spoke of *‘The Pros'pect-ve Bene- fits of the 1897 Convention’’; Rev. F. 8. Brush of Alameda spoke on “The Chris- | tian Endeavor as a Promoter of Moral | Force,”” and Rev. R. B. Taylor of San Ber- nardino addressed the meeting on “The Cnristian Endeavor Society in Its Relation to Society." In the lecture-room there was a popular meeting at 7:30 of the eiders on *‘The Temporalities of the Church,” Rev. H, H. Hamilton of Osakland presiding. Ad- dresses were also made by Elder R. J. Trumbull of San Rafael and Elder J. D. Chamberlain of Los Angeles. Park Music To-Day. The following programme has been pre- pared for to-day’s open-air concert in Golden Gate Park: March, “Gallant Knights” Overture, “Italianer in Algier Valse lente, “En Flirtant”. “Musical : anorama” (with instruments) Descriptive fantasia, “A Baftie Scene’ ... ... J. Hartman - Leipziger . Rossini Overture, “Bekutitul & Duet_for cornets—(a) “The Friendly Rival Selection, “I Lombard”........... Morcean characterisiic, “The Butterfly”. .. March, “La Fiesta,” composed and dedicated n M. Francls, élrelldent of Los An- Flower Fiesta. by Alfred Roncovier ———————— Fell Forty Feet. Otto A. Schrader, 1527 Verdi street, Alame- da, died at the German Hospital from the ef- fects of a fall received September 29. Schrader was painting a house on the corner of Mc- Pnerson street and Haight avenue when he lost his footing and fell to the ground, forty feet below. He was removed to the German Hospital in this City, when it was discovered that his back was broken. Scene at the Meeting of the Presbyterian Svnod. NEW TO-DAY. Old Art Association Rooms, 424 PINE STREET. UNRESERVED AUCTION SALE OVER 2000 PIECES RARE AND ANTIQUE ORIENTAL RUGS, CARPETS AND HANGINGS, TO-MORROW. Monday... .. -.....October 19, 1896, At 2:30 and 7:30 ». M., And will Continue Dally Until Every Plece Is Disposed Of. Goods can be Inspected dally be- fore the sale, and evenings. Owing to the iliness of Mr. Sarafian, he has been ordered by his doc: or to leave New York and seitle in California; therefore he has broaght tais col- leciion, Lo be sold at any sacrifice. Established 1874, H. SARAFIAN & Co., 0Old Art Association Rooms, 424 Pine Street. A. W, LOVDERBAGK, Art Austionear, Per Cent Saved! JUST RECEIVED — A full line of Latest Styles in Plaids for Fall and Winter 1896-97. SUITS T0 ORDER from $13.50 to $15 Worsteds and Pique Suits to Order from. . .......$20 to $25 Don’t Miss These Bargains at JOE POHEIM’S, The Largest Tailoring Establishment on the Coast. 2071 and 203 Montgomery st., cor. Bush. New Store, 844 and 546 Market -t. 724 and 1110 and 1112 Market St. (ITY OF ALL-WOOL TAN KERSEY JACKETS, ALL-WOOL TAN KERSEY JACKETS, fly and velvet collar, box front and plaited OUR LINING, TRIMMING AND and the Prices the Lowest. plaited back, high collar................ CLLOAIIKXS! TAN TWILLED COVERT CLOTH JACKETS, box front, buttoned at neck, high storm collar................. $6.50 $8 50 $8.50 box front, buttoned on fly, single-breasted, buttoned on TAN KERSEY JACKETS, with box iront and Watteau plaits on back $ 1 0 00 BLACK AND NAVY BOUCLE CLOTH JACKETS, % faced, with silk $10.00 backs -TONED NOVELTY GARMENTS in JACKETS, CAPES, FUR e H[GHgOfiLARET-l'ES AND SUITS JUST RECEIVED. NOTION DEPARTMENTS are the Best Assorted A visit to these depar.ments will convince you of this fact. SE EXABIL.A ESPANOI. G. VERDIER & CO.,, SE. Corner Geary Street and Grant Avenue. VILIL.E DE PARIS. | BRANCH HOUSE—-LOS ANGELES. FINE CARPETINGS, ELEGANT UPHOLSTERY, RICH FURNITURE! We are now disposing of our | stock of Fine Furniture, Carpet- ing and Upholstery Goods at greatly reduced prices to make room for an entire new line. Agents for John Crossley & Son’s Eng- lish Carpetings. CHAS. M. PLUM & CO., UPHOLSTERY COMPANY, 07 MARKET STREET, 129119 llils)RZ(EB Nl‘lsl'l‘l{. cents at Drugglats or by mail , samples 10¢. by mail. WLY BROTHERS, 66 Warren St., New York City NOTARY PUBLIC. HARLES H. PHILLIPS. ATTORNEY-ATe Law and Notary Public, 638 Market st., o) site Palace Hotel. Telephone 570, Residence 1630 Fell street. Telephone “ Pine " 2691 THE SUCCESS of THE SEASON The GRILL OF THE | {PALACE HOTEL. g Direct Entrance from Market St. OPEN UNTIL MIDNIGHT. 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