anaheim-gazette 1905-07-13

CALIFORNIA STATE LIBRARY VOLUME XXXV ANAHEIM HOLCOMB EXPLAINS WHY BANK WAS DROPPED Insufficient Stock Subscriptions Given as the Reason Why Negotiations Came to a Halt The following letter has been received from C. E. Holcomb, dealing with the failure to organize the contemplated United States National bank. Having published the statements of local stockholders criticising Mr. Holcomb, his letter, following the rule of giving all sides a full hearing, is herewith subjoined. EDITOR GAZETTE:—I am in receipt of a clipping from your paper, in reference to myself and the United States National bank. When I was first approached in regard to the establishment of a competing bank in Anaheim, I was given a list of names of substantial men, supposedly willing to put $16,000 into the enterprise, and I was sent for to organize the bank. I could not leave for men could subscribe for the stock and the stock distributed wards. Nothing was done to co- the list left in Anaheim. It is that I was in Anaheim one night in June and four nights from 30th, but was busy in Los Angeles ing the day time. Had four bor tories engaged in making crat shipping them to Thermal by e to save the cantaloupes and also every means possible to rush ments of shook forward from the I am the only one who is out cially on the deal, as I took railroad trips to Anaheim at trip, not counting my time. My side friends financially interest the banking business did not lack of growth of the subscript and they decided to drop the matter, a decision with which I ly concur. Very truly yours, C. E. HOLC Thermal, Cal., July 9, 1905. Chamber of Commerce The chamber of commerce regular session on Thursday with Directors Ahlborn, Micho lop, Adams, Grim and Miller. Special Committeeemen Dick Michod reported collection o f the sum subscribed for the p of the site for the pathological There still remains outstanding EDITOR GAZETTE:—I am in receipt of a clipping from your paper, in reference to myself and the United States National bank. When I was first approached in regard to the establishment of a competing bank in Anaheim, I was given a list of names of substantial men, supposedly willing to put $16,000 into the enterprise, and I was sent for to organize the bank. I could not leave for Anaheim as soon as desired and was much handicapped, being able to devote only a part of my time to the undertaking; and I have since found out that each time after leaving Anaheim to attend to my Thermal interests, it was said that the bank project was dropped, even though I may have explained to interested parties the necessity of my returning to Thermal and that I would return to Anaheim as soon as possible. It took considerable time to interest the best outside financiers in the project; nevertheless, the strongest financial combination possible was formed; one that put the new bank on an absolutely safe and sure basis. During the preliminaries I had interviewed a number of Anaheim friends and others informed me of men anxious to take stock in the new bank, so that sufficient stock was spoken for but not subscribed. After a two weeks absence from Anaheim, during which time I was waiting to hear from Mr. Hellman, I returned to Los Angeles and met Mr. Hellman. We decided to organize a national bank instead of a state bank as first contemplated, and Messrs. Hellman, Graves, Strodthoff, Zeyn and the writer subscribed for $23,000 of a capital of $50,000, and sent to the Comptroller for necessary papers. The balance of the stock had been practically spoken for in Anaheim. Other Los Angeles parties wanted stock, but it was deemed advisable to not place any more stock outside of Anaheim, except to one man who said he would take all not subscribed for in Anaheim. When I went to Anaheim from Los Angeles the first two friends I met and who had said they would take $3,000 stock, said they thought the matter had been dropped, and they had taken stock in the American Trust & Savings bank. One of the main ones interested in forming the new bank contemplated moving away; that took out an agreement with no liquors, cigars or is herewith subjoined. Chamber of Commerce The chamber of commerce held regular session on Thursday with Directors Ahlborn, Micholetop, Adams, Grim and Miller. Special Committeemen Dick Michod reported collection of the sum subscribed for the purpose of the site for the pathological There still remains outstanding of the twenty-five per cent on intended to be collected and Michod and Sandilands were appointed a committee to collect the revered. Several new members have the chamber, the total now be Applications for the position of the exhibit rooms were from Mr. Armstrong, the poultry and Miss Lizzie McAuley. Pays $10 per month, 10 per monthly collections and two cents for each new member. In return the keeper must give exhibits, properly display them keep the rooms open daily to clean sanitary condition. The ment went over until the next night from the first and third days to Wednesdays of the same order. New Idea at Santa Ana Santa Ana citizens have "coffee club" which is design nish meals at normal prices to gry wayfarer. The following men have been elected direct enterprise: W. H. Spurgeon, Vestal, Robert McFadden, A. S. P. Keeney, Mit Phillips, Gruenenwald, Walter Tedford J. Forgy. The articles oation state the purpose of be to acquire and sell real other property as needed in duct of its business, and the houses of amusement and where no liquors, cigars or more stock outside of Anaheim, except to one man who said he would take all not subscribed for in Anaheim. When I went to Anaheim from Los Angeles the first two friends I met and who had said they would take $3,000 stock, said they thought the matter had been dropped, and they had taken stock in the American Trust & Savings bank. One of the main ones interested in forming the new bank contemplated moving away; that took out another $2500. Another wanted to know how much the expenses would be and said that in talking it over with others, they thought $200 per month sufficient for salaries for two active officers, rentals, etc., and that if dividends could not be earned from the start he might as well leave his money in the savings bank and be sure of his 4 per cent. Now, of the $16,000 supposed to have been wanted by those anxious to form the new bank, when the subscription list was circulated $4500 was actually subscribed. Friends of mine in Anaheim who were not interested at first subscribed $5,800; another friend placed $1500 at my disposal. Others who had tentatively expressed a desire for stock, aggregating about $10,500, wanted more time to think the matter over. Another who very much desired the new bank, would not put in $2000 till this fall; this made approximately $47,-000, after counting out the $5500 spoken of at first. I could not possibly devote any more time in Anaheim but left the subscription list there and sent in a list of those who were considering the matter, and stated that I could not possibly devote any more time to the bank until August. Before returning to Thermal, however, arrangements had been made so that on the return of the papers from Washington five Blind Pig at Bee Parties who have recently Huntington Beach declare porker exists at that place little difficulty is experiencing specs upon him. Count are on a still hunt for the beast, and when found, will example of him. The total talking of incorporating liquor traffic will come up legislation. Blind pigs are list at several points in the well as at Santa Ana, when said to gambol on the grest hindrance. Notice to Stockhof of Anaheim Union Ward Run No. 3 will begin Ju orders for rented stock m in office before that date. P. H. KR ANAHEIM, CALIFORNIA, THURSDAY, JULY 13, 1905 subscribe for the entire stock distributed after-sales was done to complete on Anaheim. It is true Anaheim one night early four nights from June busy in Los Angeles dur-time. Had four box faced in making crates and then Thermal by expressantaloupes and also using possible to rush ship-ok forward from the north. Only one who is out finan-deal, as I took several to Anaheim at $12 per centing my time. My out-financially interested in business did not like the truth of the subscription list decided to drop the whole decision with which I hearti-Very truly yours, C. E. HOLCOMB. Cal., July 9, 1905. Member of Commerce Member of commerce met in vision on Thursday evening lors Ahlborn, Michod, WalGrim and Miller present. Committeemen Dickel and sorted collection of $52 50 subscribed for the purchase or the pathological station. Remains outstanding a part five per cent originally BUENA PARK NOTES Joe McKinney, formerly of this place, but now of Riverside, met with an accident on Saturday while coming down the mountain grade on his bicycle that resulted in dislocating his shoulder, and might have been a great deal more serious. Joe was coming down the grade at quite a clip when he met a four-horse team with several horses leading at the rear. The roadway was narrow with a deep ravine on the side. He passed the wagon all right, but the horses at the rear took up all the passageway and before he could check his momentous speed he was crowded upon the incline and took a header into the gully. Joe, although suffering great pain with his shoulder, gathered himself together and resumed his journey here. Dr. Hasson attended the young man’s injuries and now Joe will soon be all right again. About two miles of the county roads near here have been oiled recently but it is claimed by the farmers traveling the same to be of no value, because of its insufficiency. The roads in places are almost impassable, so deep is the soft earth in the roadway. These roads should never have been plowed up during the dry season, and not getting a sufficient quantity of oil upon them, the thoroughfares are naturally in a wretched condition with no immediate remedy in sight. There is talk among officio members, and of five appointed by the Governor for four years each. The scho-cated one and one-half miles to the center of the city of San Obispo, on high ground common beautiful view of town and vail. "The purpose of the school is nish to young people of bo-mental and manual training arts and sciences, including ture, mechanics, engineering methods, domestic economy, other branches as will fit ther for the non-professional walk." The school aims to supply which is felt not only in G but also in every other State Union. That need is an which will give boys and girls in the arts and sciences ve peculiarly with country life of the home, the farm, the dairy, and the shop. In ent day, when science is doin to unravel the mysteries o plant and animal life, it is that the State provide a sch-othe facts and principles u science can be demonstrat boy and girl, who will return home and make its life more more livable. and more rem. The age of entrance to tha placed at fifteen years, be-believed that as a rule child er than this can not do kind of work which the Member of Commerce A member of commerce met in session on Thursday evening at Ahlborn, Michod, Walden Grim and Miller present. Committee Dickel and reported collection of $52 50 subscribed for the purchase for the pathological station. Remains outstanding a part thirty-five per cent originally to be collected and Messrs. Sandilands were appointed to collect the remainder. New members have joined us, the total now being 79. Rows for the position of keep-exhibit rooms were received Armstrong, the poultry man, Lizzie McAuley. The job over month, 10 per cent on collections and twenty-five each new member secured. The keeper must gather in properly display them and rooms open daily and in a fair condition. The appointment over until the next meeting. Allenberger, the present ex- was given notice to vacate, at time being within thirty days chamber intends to passatory resolution in behalf Berger for past good stewarring the real estate annex. Spake was elected a director, vacancy caused by the resignation Dr. Adams. Decided to change the meeting on the first and third Thursdays of the same number. Idea at Santa Ana Ana citizens have formed a club which is designed to furts at normal prices to the hunter. The following gentlemen been elected directors of the club: W. H. Spurgeon, L. L. Robert McFadden, A. J. Visel,ney, Mit Phillips, Oscar H. Wald, Walter Tedford, Horagy. The articles of incorporation the purpose of the club toquire and sell real estate and property as needed in the contracts business, and to establish amusement and recreation liquors, cigars or tobacco Dr. Burneike Rises to Remark Dr. Burneike of Santa Ana has written to the following effect to City Clerk Merritt: SANTA ANA, CALIF., July 7th, 1905. E. B. Merritt, Anabeim, Cal. Dear Sir: A rather witty news item in the Anaheim Gazette tells of the defeat of the Edison Co.'s plans to get hold of your municipal plant. Lucky for Ana-near here have been oiled recently but it is claimed by the farmers traveling the same to be of no value, because of its insufficiency. The roads in places are almost impassable, so deep is the soft earth in the roadway. These roads should never have been plowed up during the dry season, and not getting a sufficient quantity of oil upon them, the thoroughfares are naturally in a wretched condition with no immediate remedy in sight. There is talk among the more aggrieved farmers of presenting the matter to the grand jury, in an endeavor to ascertain the cause of the poor condition of our roads. A carload of condensed milk was shipped to Bisbee Monday night. Roscoe Kennedy came over from Monrovia to visit awhile with his father, C. S. Kennedy. The experience social of the ladies' aid of the Methodist church will be held in the Town hall tomorrow evening. Charley Landell was in the Park a few days ago renewing old acquaintances. He is the employ of the Utah condensed milk factory and will probably be sent on to Philadelphia to manage a factory for the company. The firm owns quite a number of creameries throughout the United States. Gib Landell, in the employ of the same firm, will shortly go to Indianapolis to manage a factory for his company. Gib is recognized as an expert in his line and commands a handsome salary. Good for Gib. The grading gang employed on the electric right of way between Newport and Huntington Beach has completed the work of preparing the right of way to receive the ties and rails, and a day or two ago left to assist in grading near here on the line between Santa Ana and Los Angeles. It is said, the line will be opened to the public Oct. 1st next. New Bank Stockholders Stockholders in the project States National bank have ally and decided, in view of events have taken, to defection for the present relation lishing the new bank. may be stated that the stock in the institution h to take the matter up again future, when they hope to establishment of the new institution. The item concerning rive vault intended for th published in these column was the first inkling some holders had that all w They had expected Mr. H rival from Thermal by this present month, and whi led to believe in the be he new bank would be oness by July 1st, they con delay in the belief that gathering his melon crop return as soon as the oveeted. They had heard nothing Dr. Burneike Rises to Remark Dr. Burneike of Santa Ana has written to the following effect to City Clerk Merritt: SANTA ANA, CALIF., July 7th, 1905. E. B. Merritt, Anabeim, Cal. Dear Sir: A rather witty news item in the Anaheim Gazette tells of the defeat of the Edison Co.'s plans to get hold of your municipal plant. Lucky for Anaheim. I wish we found it so easy to shake them off. At last council meeting a bid came in for our electric light bonds. The bid was accepted. Just as quick as the name of the buyers was given out Mr. Gressler left the city hall to send the news to headquarters. They telegraphed to the bidder that there is a suit at hand to restrain the city from selling the bonds, and a day or two later a telegram came from the buyer to recall the bid. When you call for bond election, be sure to have no flaw in your proceedings. The Edison Co. is likely to come in and influence your election or prevent the sale of your bonds when voted. Forewarned is forearmed. We have experience. Yours respectfully. J. G. BERNEIKE, M. D. California Polytechnic The California Polytechnic School at San Luis Obispo has issued a neat pamphlet, from which the following extract is taken: The California Polytechnic School is a State institution established at San Luis Obispo under an act of the Legislature of 1901. The government of the school is vested in a board of trustees, consisting of the Governor and Superintendent of Public Instruction as ex- 13, 1905 NUMBER 38 NEW SIDEWALKS ORDERED ON VARIOUS STREETS Olive, Los Angeles and Center the Thoroughfares—Look Out for Your Dogs— Leak In the Toilet The city trustees on Tuesday evening passed resolutions of intention covering construction of cement sidewalks and curbs on the following streets: Olive street, east side, from Adella to Broadway. Olive, west side, from Broadway to Santa Ana. Los Angeles street, west side, from Chestnut to Santa Ana. Center street, both sides, from Palm to Citron. In the absence of Mayor Rust Trustee Fletcher was called upon to preside. There were present Fletcher, Schwenckert, Berdrow; absent, Rust and Darling. Marshal Steadman reported the following collections for June: Water $326 95, license $496 50, lights $365.60, total $1189 05. Delinquents collected: Water $29 80, lights $9 55, total $39 35. Delinquents reported: Water $40 40, New Bank Stockholders Stockholders in the projected United National bank have met informally decided, in view of the course have taken, to defer further action on the present relative to establish the new bank. However it was stated that the subscribers to the institution have resolved to the matter up again in the near future when they hope to effect the reshment of the new financial institution. System concerning reshipment of built intended for the new bank, based in these columns last week, the first inkling some of the stockholders had that all was not right. Had expected Mr. Holcomb's arrethrom Thermal by the end of the last month, and while they were believe in the beginning that new bank would be open for business July 1st, they consented to the belief that Holcomb was giving his melon crop and would be as soon as the crop was harvested. Yah had heard nothing from him although he had made two of entrance to the school is fifteen years, because it is that as a rule children young-this can not do the serious work which the school demands because students coming school must have had a previous equivalent to that covered by regular grammar school course. Over, the majority of children school when they have completed grammar grades. The chief reason doing is that they either wish trust, do something to earn a livelihood is particularly true in communities where there are no that teach the things pertain directly to farm life. It is the aim of the country, therefore, just need an institution of the nature planned; and to accommodate the most opportune period admitted at the average age among the grammar school. Ordinance No. 169, fixing official grades of Helena and Clementina streets, was read a second time and passed. Engineer Clem A. Copeland of Los Angeles submitted a report upon the cost of enlargements and improvements of the municipal water and electric lighting systems, finding the total cost to be $40,000. Among his recommendations is the erection of a 200,000 gallon steel tank. According to his report, enlargement of the electric system would cost $8000; of the water works, $5000; new building, $3700; new engine, $9500; tanks, $8000. The total gross price of the work is found to be $41,500, but $1500 is allowed for old machinery which would be displaced by the new works. The new works will double the city's water and electric light capacity, and the running expenses, with oil at 80 cents per barrel, would save the city $1200 per year from the present cost, which Copeland says is not economical. The report was favorably considered and filed for future action. Schumacher again brought up the dog evil, saying the number of stray canines had become a positive nuis- he had heard nothing from him month, although he had made two onto town, when news of the recent of the vault gave them information that everything was not all A good deal of quiet talk is bedulged in among them in consensure, and probably within a short additional light will be thrown the subject. So far as known no respondence has been had with Holby the stockholders of the pronue new bank. Snyder who was here in the big offering to invest $25,000 in a bank would probably have located but for the fact that Holcomb obtained any stockholder owning more $5000 of stock. Some of the local clerics differed from him as to this but acceded to his wishes, and Snyder went to Long Beach, where was established a bank and is said to being well. The list of stockholders is now held leading Center-street merchant. Nows that upward of $30,000 had beledged to the bank two months when all real efforts to start it to have ceased. A number have pressed their willingness to increase holdings, and probably later in fall the matter of establishing a bank here will be taken up again. The new works will double the city's water and electric light capacity, and the running expenses, with oil at 80 cents per barrel, would save the city $1200 per year from the present cost, which Copeland says is not economical. The report was favorably considered and filed for future action. Schumacher again brought up the dog evil, saying the number of stray canines had become a positive nuisance. He suggested that a pound be erected so that dogs might be kept 48 hours before execution, in conformity with the ordinance. As a result of the discussion the Marshal was again instructed to rigidly enforce the dog ordinance, which seems to be considerable of a dead letter. The street superintendent was instructed to look after chuck holes on West Center and West Broadway. Doc McFarland appeared before the board, saying his water charge for May had been $3.85 and for June, $5.35. He had recently deposited $10 for connecting his residence with the city water main. He had not been served with a monthly statement of his water charges, and consequently had no means of knowing how his water bill was running up. He admitted a leak in the toilet, which accounted for the excessive charge, but asked for a reduction. Steadman said he at first thought the metre was defective. He asked Engineer Lewis to make a test. The latter did so, finding the metre in use to be working all right. Lewis, in further examination, discovered a leak in the toilet, which accounted for the size of the water bill. The board declined to reduce the amount, but instructed the Marshal hereafter to furnish monthly statements to all consumers.