In 1890, the first year the Philadelphia Fed ... The same phenomenon occurred in San Francisco. 'California was, even before the '60s and '70s, a bit more expensive than the rest of the country ...

On Aug. 1, 1890 San Francisco financiers John D. and Adolph Spreckels purchased the San Diego Union newspaper from Col. John R. Berry and Andrew Pollock. Their ownership was not immediately made ...