Los Angeles daily herald. [volume] (Los Angeles [Calif.]) 1873-1876, 1874-05-28
rHE BOOKS OPENED.
Ffoh the Inyo independents May 10Th

From the Inyo Independent, May 10th.
The books of the Los Angeles and
Independence Railroad have been
opened for subscriptions at Temples
Bank, in Los Angeles, and stock i'm
mediately taken equal to about half
the amount required to incorporate.
AS yet no special effort, we may say
determined effort, has been made to
obtain subscriptions, but such will
soon be made. This road can be built
at once just as easily and certainly as
in years to come, and it will never be
any easier done than to-day. For Los
Angeles city and county it is highly
necessary that work should be under
taken now and at once in order to in
sure the lasting command of the trade
upon which that city can alone depend
for future prosperity and greatness. 1t
is true this northeastern section is not
by any means her only, or, perhaps,
most important dependence; but we
take it, if she fails on this at this time,
she will fail on all the Others, too; that
is, as to the command of that amount
OF business necessary to the life of a
city, in cOntradistinction to q moder-
ately sized town-all Los Angeles can
ever hope to be, if she fails now in the
start. 1t is with cities and trade as in
an evenly matched quarter-race-eve-
rything depends on the "bulge." San
Francisco took the bulge and takes the
race over more than one competitor
vastly her superior in natural advan-
tages. Los Angeles has most of the
advantages-the choice of the track,
and now, in turning for the race, it is
her own fault if she does not take the
bulge and the stakes. The prestige to
make Los Angeles the great city she
can and ought to be, is above all
things contingent upon the early
completion and command of this very
enterprise now in hand. Not that the
trade of Inyo county, great as it I'M
doubtedly is or will be, is of so very
great importance of itself, but the
prestige OF its control, which can only
be maintained through this railroad,
is all that is needed to build a city that
will permit nothing from all her illim-
liable back country to 60 elsewhere to
seek the mart great city alone can
afford. 1t is this trade, this road, that
is to determine the future of Los An
geles. If this trade enters not her
gates, neither does any considerable
part of that of other equally extensive
and valuable regions more nearly her
own.
But we are glad to say that Los An
geles is fully alive to the Importance
of this enterprise, and her leading cit
liens are bent on taking this bulls il
in their power, as it surely is. But
they doubtless feel that it is now meet
and proper that Inyo should respond
in kind; for they know and we know
that in its proportion this road is as
essentially important to Inyo as to
Los Angeles. True, it is a matter of
but secondary consideration to us
what point on tide water its terminus
may be whether Santa Barbara,
whose claims are well set forth in the
Inder, published there, San Buena-
ventura, TruXton or Los Angeles; but
toward the latter we naturally look
and shall continue to look, so long as
she puts forth her best energies in our
joint favor, as she is now doing or
trying to do. And to the full extent
OF her ability, Inyo is going to recip-
rocate. A railroad we must have, but
II railroad will not build itself. 1t Is
time our citizens made some move in
the matter. We shall have more to
say on this point next week.