Los Angeles daily herald., 1875-09-08
A Practical Lesson.

Under this heading we might phi
losophize on every social i'll and po-
litical error, but in the face of present
financial difficulties word to the un-
wise on this subject will be more ap-
propriate.
The unfortunate cause which led to
the untimely death of Mr.. RALsToN
is fresh in every mind, and few can
mention his name without associating
it with everything progressive. His
mind was as bouyant as the air he
breathed and his aspirations equally
as unlimited. The development OF
the State was his great aim in life,
and through him and his noble enter
prising spirit many men became
wealthy, even beyond their most SAN
guine expectations. Plentiful harvests
and mines yielding inexhaustible
supplies of treasure, induced thousands
to transfer their capital from all parts
of the world to the Pacific Slope. Land
rose in value with startling rapidity
and new cities were almost of daily
growth. Gold was more plentiful in
California than silver in many parts
of Europe. Banks were full to over
flowing, many people, not knowing
what to do with their suddenly ac-
quired wealth. Under these circum-
stances it is not to be wondered at
that bank managers were be-
sieged with armies of men, each hav-
ing some good thing which only re-
quired few thousand dollars to devel-
op and the result would be astounding.
Perhaps no class of people in the
world are more inventive than the
Americans, and as the way to success
is open to all, each fertile brain is
constantly spinning some bold and
brilliant project to amass wealth sud-
denly.
Bankers breathing the same atmos-
phere and being closely connected
with the life throbs of the people, find
it difficult to withstand the tempta-
tions surrounding them; with glitter
ing piles of money at their command,
which of course they can replace with
tenfold interest, and who will be the
wiser. Such ne doubt was Mr.. RAIL-
sToN's position, he never intended
wrong, his sacrifice of life and proper
ty attest the purity of his motives, and
were it only for the good he has done,
and the good he would have continued
to do, it were better one bank should
break than his life and services should
have been lost to the State, for who
can and will replace him? 1t will yet
be ascertained that the INSCRIPTIONS
conduct of those he had raised from
obsc nrity to opulence brought about
his ruin to favor their own designs.
Be that as it may, the wealthy men
of San Francisco have been taught the
folly of depositing large sums of mon
ey in the hands of speculative bankers
who have so many inducements for
using it. Southern California offers
good field for investment; its virgin
soil only requires capital to make ii
the most productive in the world. Its
mountains are teeming with mineral
wealth and its valleys are the lovlies
On the face of the globe. Here under
the orange and the pomegranate, sur
rounded with broad expanse of wa
wing corn, can the Invalid enjoy that
healthful repose and comfort which Is
denied him elsewhere. Here the
wealthy can rest from their labors un.
disturbed by the perpetual din of bus
mess calculations, semi-tropical sur
forever diffusing its bright and geni.
al rays on natures gorgeous wealth.
Hundreds of new industries await the
action of capital, and only require
starting to be profitable.
Our population is increasing daily
onward they come from all parts o
the Union to build upa mighty pow.
er in the West, which with the mex
haustible resources at its command
will become new source of strength
to the Great Republic, and an arbitel
in its destiny. Let not your wealth
lie as bait for enthusiasts; invest il