Florida, its history and its romance; . attained a good headway as yet,but the signs of the times indicate a rapid increase and every step forward will add to the potency andpower of Sacramento as a financial center. A bank, if properly conducted, cannot legally, andshould not from caution, back any industrial, commercial or agricultural enterprise. As theyaccumulate money, representing values created by others, and have funds to loan, they do so tothose with established credit, or on approved security. As the community grows and more valuesare created, more and more people have established cr
Florida, its history and its romance; . attained a good headway as yet,but the signs of the times indicate a rapid increase and every step forward will add to the potency andpower of Sacramento as a financial center. A bank, if properly conducted, cannot legally, andshould not from caution, back any industrial, commercial or agricultural enterprise. As theyaccumulate money, representing values created by others, and have funds to loan, they do so tothose with established credit, or on approved security. As the community grows and more valuesare created, more and more people have established credit, or are in a position to give the necessarysecurity to obtain the loanable funds of the banks. With the funds thus secur-ed factories are estab-ished, lands are brought under cultivation, mines exploited and the general forward movementgoes on. In a country so rich in natural resources, and many of them of such enormous extent, it isabsolutely necessary to obtain outside capital to assist or make possible the earliest CALIFORNIA NATIONAL BANK—HOME OF THE SUTTER CLUB As the smaller places in the Valley look to Sacramento, so does Sacramento look to other places. Ifthe undertaking is too large for the available capital here to undertake, San Francisco, as the nextnearer and larger center, would be appealed to. If San Francisco has something too large for theiravailable capital, Chicago, New York, or other large and potent financial centers would be calledupon, and, thus the movement goes on, each center acting within the scope of its own once the enterprise is under way, the values created stay and assist in the general upbuilding. There is a splendid balancing of things that produce, create and make values, in the great Sac-ramento Valley. If one variety of fruit does not do well one season, another variety does. If themines are quiet, the lumber men are active. If the sheep raisers are complaining of inactivity andpoor prices the chances a
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