anaheim-gazette 1927-02-24

Wonderful Growth Of Big Institution Bank of Italy Third Largest Among American Houses Permission to consolidate the Bank of Italy and Liberty Bank of America and operate the merged institutions under the name of the Bank of Italy, has been approved by the federal reserve board, at Washington, and State Superintendent of Banks Will C. Wood. In commenting on the significance of the consolidation, James A. Bacigalupl, president of the Bank of Italy, said: "This is a partial realization, achieved after years of obstruction and perverse opposition, of the worthy aspiration of the founder of our institution, A. P. Glannini. From the earliest days, when the organization embarked upon its program of statewide branch banking, it has been the purpose of Mr. Glannini to see established in every important community of California the branch office of a strong, resourceful, democratic, progressive bank, operated for the benefit of, and owned and controlled by the rank and file of the people of the state. During the period of nearly a quarter of a century since its establishment, the Bank of Italy has experienced a steady and consistent growth, until today, with its aggregate deposits of $600,000,000, it ranks as the largest financial institution in the United States outside of New York City, and third among all the banks of the nation. The capital investment of its stockholders through the Bank of Italy and the Stockholders' Auxiliary Corporation is in excess of $75,000,000, insuring for every customer the maximum of protection, and for the communities in which its branches are maintained, ample and adequate loan power. Nearly 1,000,000 people throughout California are now customers of the Bank of Italy, a clientele greater than that of any other bank in the country. Its branches furnish every important and populous center of the state with complete, metropolitan banking service. Ownership of the Bank of Italy and Growers at Olive Receive Big Sums Annual Meeting of Association Held Last Saturday Growers affiliated with the Olive Helights Citrus Association received $666,058.06 for fruit shipped during the season just closed, Ben H. Cole, manager, reported at the annual meeting of the organization in Olive hall Saturday. This amount includes the refund of $42,408.05, which was paid then. Shipments of Valencia and other varieties increased 368 per cent over the previous season, according to Cole. The crop consisted of 226,743 packed boxes in 567 cars of 400 boxes each. This shipment represents a gain over 1924, the previous banner year of the association, of 185 per cent, or 261 cars. Since 1924, the acreage has increased from 978 to 1451 acres, or 48½ per cent. According to Cole's report, the acreage increase is due to a large extent to the co-operation of members in securing new members. Decreased cost of packing is credited by Cole with aiding in returning a large profit to the growers. During the past season it has cost an average of $.597 per packed box for packing, compared to $.694 in 1924. Together with his comments on the decreased cost of packing is the assurance given the growers of even less packing costs in the future through the installation of new equipment authorized by the board of directors for the coming season. The program of improvement includes a $5700 building extension—rearrangement of present machinery to cost $1000, a new sizer and remodeling of old ones, to cost $5255, and additional wiring to cost $1000. An electric counting machine calculated to save time and money by eliminating the necessity for estimation of amounts of growers' fruit left in bins and tallying also has been authorized. With other members of the Orange County Fruit Exchange, the local plant is to install a Sunkist stamping machine. According to Cole, the machine is figured to add at least 25 cents per packed box to the revenue of the The capital investment of its stockholders through the Bank of Italy and the Stockholders' Auxiliary Corporation is in excess of $75,000,000, insuring for every customer the maximum of protection, and for the communities in which its branches are maintained, ample and adequate loaning power. "Nearly 1,000,000 people throughout California are now customers of the Bank of Italy, a clientele greater than that of any other bank in the country. Its branches furnish every important and populous center of the state with complete, metropolitan banking service. Ownership of the Bank of Italy and Bancitaly Corporation is vested in upwards of 35,000 stockholders, residents of California, living in the various cities where the branch offices of the Bank of Italy are to be found. It may truly be said of the Bank of Italy, that its growth—like that of the native redwoods—is typically Californian. The 'tap-roots'—the local offices of the institution—extend into practically every community, and participate, in consequence, in the vast variety and diversification of the industries and resources of California. There is no other institution more intimately identified with, or more inherently a part of, the future destiny of this great commonwealth; nor is there another, throughout the nation itself, in which the ownership is so overwhelmingly vested in the people. "It is obvious that California is certain to gain in prestige by possessing the third largest bank in America; and as ardent Californians, we can scarcely be unmindful of whatever may redound to the benefit of the state in which the institution was cradled, and in which it has experienced such prosperity." Automobile Notes Motoring tourists are now finding many improvements and new conveniences in the auto camps and camp grounds of California, according to the revised booklet of camping data prepared by the outing bureau of the Automobile Club of Southern California. A better type of auto camp is being found and used by the traveler, with the accommodations now generally provided including shower baths, gas stoves, electric light, comfortable beds in roomy cabins, garages, fireplaces, running water in the cabins, laundry stores, lunch rooms and service stations. Cabins are gradually taking the place of tents in the camps, it is noted, and practically every city or town of any consequence now includes a high class auto camp or camp ground. Many new auto camps have been established in the past year in California and along the Pacific highway, it is evident in this 1927 auto club booklet. There are 504 reliable and up-to-date auto camps and grounds in California, according to the publication, which is named "Auto Camp, Courts and Camp Grounds of California, and Along the Pacific Highway Through Oregon, Washington and British Columbia." These include practically all of the modern, worthwhile camping places. provement includes a $5700 building extension—rearrangement of present machinery to cost $1090, a new sizer and remodeling of old ones, to cost $5825, and additional wiring to cost $1000. An electric counting machine calculated to save time and money by eliminating the necessity for estimation of amounts of growers' fruit left in bins and tallying also has been authorized. With other members of the Orange County Fruit Exchange, the local plant is to install a Sunkist stamping machine. According to Cole, the machine is figured to add at least 25 cents per packed box to the revenue of the houses using it. On the basis of this season's crop, the machine would add to the local house's income $31,744. Cole estimated. Fifty-six per cent of the fruit shipped from the local house was of the Sunkist brand. This compared favorably with the 60 per cent average of all associations in the Orange County Fruit Exchange. Of the present season's crop, Cole stated that 74.4 per cent was sold privately. In his recommendations to the growers, Cole stated that he favored the season pool shipments. The present system, the flexible pool, is the most advisable until a greater percentage of the crop is marketed through the channels of the California Fruit Growers' Exchange, he said. Cole recommended to the growers the holding of their fruit until the fall months, as the best prices are obtainable between September 15 and November 15. A survey prepared by the Orange County Fruit Exchange at the request of Cole indicates that during the past 12 years the three months of September, October and November have witnessed the best prices paid for nine years of any of the months during the season. The morning session, held at the plant, was devoted to balloting for officers and transacting several items of business. Reports of plant officials were heard. Following the lunch served in the Olive hall, the members listened to several speakers who gave talks regarding the citrus industry, as follows: E. T. Cassell, president and general manager of the by-products plant at Ontario; W. D. Gelsinger, advertising manager of the California Fruit Growers' Exchange; L. D. Palmer, manager of the Orange County Fruit Exchange; and A. M. Stanley of the Orange County Farm Bureau. Farm Bureau Wants Record of Damages The farm bureau is compiling a list of the damages occasioned Orange county by reason of the recent flood. It is desirable to secure this information at the earliest possible date, that it may be of use in pending legislation. In order to complete the survey at the earliest possible date, Roy K. Bishop, president of the organization, has issued a public call requesting all those who suffered any damage whatsoever to practically every city or town of any consequence now includes a high class auto camp or camp ground. Many new auto camps have been established in the past year in California and along the Pacific highway, it is evident in this 1927 auto club booklet. There are 504 reliable and up-to-date auto camps and grounds in California, according to the publication, which is named "Auto Camp, Courts and Camp Grounds of California, and Along the Pacific Highway Through Oregon, Washington and British Columbia." These include practically all of the modern, worth-while camping places, and under the name of each is listed the nearest town and city, the address, phone number, capacity, price, kind of shade, when open and the general accommodations to be found. The cities in which the camps are located are listed in alphabetical order in the directory, which is now available at each of the 32 auto club offices. Many improvements are noted in the camps along the Pacific highway above California, and there is also a marked increase in the number of camp grounds. In the list is included this year 85 camps and grounds along the route in Oregon. 37 in Washington, several in Vancouver, B. C., and 10 camps and eight attractive campsites on Vancouver Island. A total of 644 camps and camp grounds are listed, as against the total of 559 in the 1926 book, and in addition there are named 130 improved public camps in the national forests of California. Approximately 75 per cent of the motor tourists coming into the state are bringing their own camping equipment, according to calculations of the outing bureau of the club. Through the many improvements the auto camps are playing a large part in making California attractive to these thousands of camping motor travelers, it is stated. Chinese lottery tickets, cigar store coupons, gas bills, headlight certificates and membership cards do not constitute applications for auto license plates, advises the license department of the club. Such may seem to be an unwarranted statement, nevertheless license workers at the auto club say that these Farm Bureau Wants Record of Damages The farm bureau is compiling a list of the damages occasioned Orange county by reason of the recent flood. It is desirable to secure this information at the earliest possible date, that it may be of use in pending legislation. In order to complete the survey at the earliest possible date, Roy K. Bishop, president of the organization, has issued a public call, requesting all those who suffered any damage whatsoever to write to the local office, 110 Hall of Records, giving the estimate of the damage. Since many may not do this, it is suggested that those who do write, also send in the estimated damages of their neighbors. The duplications will then be weeded out, at the farm bureau office, and the total damage obtained. Damage to trees and crops, by both water and oil, land erosion, damages to roads, bridges and homes, should be included in the list and all damages should be based on the cost of replacing the loss. The co-operation of road officials, water companies, city officers and engineers is sought, as well as members of the farm bureau. "This is an important subject and deserves the careful consideration of all Orange county residents," stated Mr. Bishop in making the call. Maybe that gas which the Germans are said to have invented, a little of which will put you to sleep for a few hours, is made out of synthetic gin. Papers were presented to them as certificates for new license plates during the recent renewal period. Many humorous incidents occurred during the license rush. There was the woman wh told her husband she would apply for a divorce if he accepted the new license number beginning with unlucky 13. When one feminine motorist was told that the license plates this year were colored maroon and buff, she turned to her husband and said, "Let's take the buff color, dear, it would be the better match for our car." ANAHEIM GAZETTE Annual Institute of Walnut Association Carlyle Thorpe, general manager of the California Walnut Growers' Association, will explain to the Southern California growers of walnuts next week the "Status of Other Competitive Nut Industries." He will report the tendency of plantings of other nut varieties in the United States, such as almonds, pecans and filberts. The growth of foreign importations will be outlined also by the walnut chief. "The Past Season's Experience. With the New Walnut Grade Standards" is an important consideration at the present time by the walnut growers of California. A. J. McFadden of Santa Ana, who has been chairman of the central standardization committee, will given a report of the survey which has been recently completed by his committee. J. A. Smiley, chairman of the growers' committee, appointed last year to investigate the codling moth situation in the walnut districts of Orange county, will present the recommendations of the committee for this year's operations in connection with control measures. The status of the pest condition in Southern California will be reviewed by Professor Quayle of the citrus experiment station. The Orange county situation will be outlined by W. H. Wright, deputy horticultural commissioner, who has recently completed a survey of the packing house records. Other subjects included on the program include: - "Results of Thinning Closely Planted Old Groves," Harold E. Wahlberg, farm advisor, Orange county. - "The Trend of New Walnut Plantings," W. B. Hooper, specialist in walnut culture, agricultural extension service. - "What It Costs to Produce Walnuts," L. W. Fluharty, farm management demonstrator, agricultural extension service. Of course the French government belongs to the League of Nations, but just the same the French have massed all of their best troops on the Italian frontier, indicating that they don't have as much faith in the league as do some of our own internationalists. Propose New Plan For State Bureaus Ask That Several Be Consolidated Under One Head Officials and employees of the California fish and game commission recently gave their unqualified approval to the proposed state governmental reorganization, planned by measures introduced in the current session of the state legislature. Hon. A. E. Heron, president of the state board of control, was the principal speaker at the opening session of the second annual convention of the commission's employees, held in San Francisco on February 8, 9 and 10, at which time he explained in detail the proposed plan of commission grouping. The new plan, as explained by Mr. Heron, would place the California fish and game commission, the bureau of mines, bureau of state parks and bureau of forestry in a state department of conservation. Mr. Heron plans to plan the fish being a self-feeded by a member council advises the medium units of the ear of the state. The commission Heron a round-trip approval of his request. Hon. Irving of the Stockton member of his guest of hometown at the banquet on Thursday closed the thirteenth day of school. THE EXECUTIVES OF THE BANK OF ITALY ANNOUNCEMENT THE CONSOLIDATION LIBERTY BANK OF AMERICA (and all its branches) WITH THE STATEWIDE BANKING SYSTEM BANK OF ITALY HERE are joined, the resources, service and fact great organizations, creating a new standard measure the usefulness of financial co-operat nia has long lead the nation in the character of its b and now, more than ever before, this leadership is exer union of the Bank of Italy and the Liberty Bank of A to the people throughout the entire state, the interest the entire organization—capable of meeting every fin however large, and eager to be of service to each indivi tive of wealth or material possessions. The Bank of as the result of a sincere desire to be constructively h the purpose of those who are responsible for its present to continue the policies and practices that have mation a pioneer in banking progress. In scope o however large, and eager to be of service to each individual of wealth or material possessions. The Bank of Italy as the result of a sincere desire to be constructively held the purpose of those who are responsible for its present to continue the policies and practices that have made tion a pioneer in banking progress. In scope of sources and invested capital, the Bank of Italy raised the nation's foremost banks and as such it ex all the people throughout California, a con invitation to use the convenient facilities that have been provided. Plan Bureau Consoli Head of the Callcommission released approval governmental measures session of the A. E. Heron, and of control, at the openannual contents' employees, February 8, 9, explained in commission lined by Mr. California fish bureau of the bureau of the state's chief executive. conservation. This department would be headed by a director, who would act as a member of the state governmental council advising the governor, and as the medium through which the various units of the department would get the ear of the state's chief executive. Mr. Heron stated that under the new plan the fish and game commission, being a self-supporting agency, would be allowed to function just at is always had in the past with three commissioners named by the governor and its executive officer as the directing head. All funds collected by the commission from licenses, fines and other sources would be used solely for the propagation and protection of California's wild life. The commission's employees gave Mr. Heron a round of applause on completion of his remarks, and asserted their approval of the proposed reorganization. Hon. Irving Martin, editor and owner of the Stockton Record and the second member of the board of control, was guest of honor and principal speaker at the banquet held at Hotel Whitcomb on Thursday night, February 10, which closed the three-day convention. Newlon Will Speak On Poultry Brooding The poultry department of the Orange County Farm Bureau will meet this evening, February 23, at 7:30 o'clock, at the farm bureau office, Santa Ana. W. E. Newlon, poultry specialist from the University of California, will speak on poultry brooding. This meeting, according to W. M. Cory, assistant farm advisor, will take the place of the field meetings scheduled for this week. Other matters of interest and concern to the poultrymen are to be taken up. All interested are invited to attend. $135 Buys Mozart piano, good tone, pretty case; easy terms, $5 down. Danz, 162 W. Center, Anaheim. $160 Buys fine tone mahogany Geo. P. Bent piano. This is a beauty; $5 per month and $5 down. Free delivery and free music lessons. Danz, 162 W. Center, Anaheim. ES OF THE ITALY OLIDATION OF THE OF AMERICA (branches) BANKING SYSTEM OF ITALY es, service and facilities of these g a new standard by which to financial co-operation. Califorcharacter of its banking service, leadership is exemplified. The liberty Bank of America, brings state, the interested support of meeting every financial demand service to each individual, irrespecThe Bank of Italy has grown constructively helpful, and it is ible for its present management, ces that have made the instituss. In scope of service, re- service to each individual, irrespecThe Bank of Italy has grown constructively helpful, and it is sible for its present management, ces that have made the instituss. In scope of service, reBank of Italy ranks among and as such it extends to California, a cordial the convenient have been ed.