San Francisco And Aug. 2


Yesterday was Tony Bennett’s 84th birthday. In honor of the occasion let’s toast the city where he left his heart—San Francisco, the City by the Bay.

On Aug. 2, 1873, the first San Francisco cable car began operating, on Clay Street between Kearny and Jones. San Fran was the first and the last city in the world to operate cable cars. More than 100 other cities have tried them, but all the others have fallen by the wayside.

Fifty years later to the day, on Aug. 2, 1923, a United States President literally left his heart in San Francisco, when Warren G. Harding died of an embolism in the Palace Hotel. This was six days after he had suffered a heat stroke in Fairbanks, Alaska (it was 94 degrees in Alaska that day).

Later that night (11:43 p.m. in the West, 2:43 a.m. the next day in the East), Calvin Coolidge was sworn in by his father, a notary public, in Plymouth, Vt. When the stock market opened later in the morning, the Dow Jones Industrial Average dropped just a single point. One point on the death of a President!

Aug. 2 is significant to Californians for at least one other reason. On Aug. 2, 1769, the city of Los Angeles was founded as “Nuestra Senora la Rena de Los Angeles de Porciuncula.” (“Our Lady the Queen of the Angels of … Pork?” I like the shorter version better.)

—Chip Wood

Personal Liberty

Chip Wood

is the geopolitical editor of He is the founder of Soundview Publications, in Atlanta, where he was also the host of an award-winning radio talk show for many years. He was the publisher of several bestselling books, including Crisis Investing by Doug Casey, None Dare Call It Conspiracy by Gary Allen and Larry Abraham and The War on Gold by Anthony Sutton. Chip is well known on the investment conference circuit where he has served as Master of Ceremonies for FreedomFest, The New Orleans Investment Conference, Sovereign Society, and The Atlanta Investment Conference.

Join the Discussion

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.