Daily Los Angeles herald., 1880-12-21

A. Auspisasus Oasleok.
1vthe happy operations Of inter-
n4eiounl commerce the United
6(os Il rapidly becoming one Of
~ largest posssssors of coin In
M world. Our supply Of gold and
1l19os coin. four years ago, scarce
u omountsd to $l50,OOO 900. Now
h In the neighborhood Of
Qoco. 90. 00o. and the amount IL
f1oadlly on the increase. France
o-1Ay u the largest possessor OF
oole, the amount ranging, 10.
1cgllng to fluctuations Of trade,
- q, b00, o00, 900 to 81 800, OoO, 900.
Voa with the extravagancs Of inn
og1s bsgottsn Of our present ma
11o1al proeperity, We can conf.
1sntly rely, for the ensuing year,
- . colin balance Of trade in our
ANos Of ct least 500, 200. 900. As
~ predictions Of our mines will,
- the same period, be 1T least
7ee go Coo, We shall, In twelve
! Inenth from now, have at least
"a 80 40 Of gold and silver coin
o14ed y our paper currency. This
viii bring the total measure Of
Vo1Dee mp 70 the neig hborhood Of
d, ~ o0o, 900. But one result from
~ stats Of things 10 possible. In
U<ltine ofrssumption the HERALD
~ uniformly taken the position
ohAt euecessful resumption simply
lnoant the addition Of SO much gold
- silver mfnted dollars to our
o1roulaticn, and that the result
Woaid Inevitably be an expansion
Is values, real estate and other, all
elSsr the United States. This has
proved to be the case. Real estate
values In New York city have not
only recovered to thsir old figure,
bit have exceeded any chroniclsd
!. during the era of wild speculative
e1oltement following the war.
This tendency is certain to keep up
o1d inersAse 10 long a. the balance
& tsade In our favor with the out.
~ world shall continue, height.
q eoed and CON frmsd by the OUTPUT
( - mines which are yet in the in.
1Auoy Of their development.
s. There can be no question OF tn
11et that the outlook in the United
otatee IL now, and 10 likely to b,
ebR years. "excelsior," In a bust
49, sense. The enormous capa
9ljlties Of agriculture on the Pacifi
Qoast are likely to be the next basil
= oe excitement. immigration II
( pouring In upon US from Europe at
- unheard Of rate, aud the rail-
vay projects which are rapidly ap.
pfoaching completion will turn
much Of II to this section. From
8ugoes Sound to the Lower Cali.
fofniA line we shall benefit by 1t.
There was something peculiar az
respects the Pacific Coast In the ac-
ton both Of the bad and good
times which have characterized
ehe East since 1873. The hard
times were quite four years in
reaching US. The tremendous
railway activities which are op.
emitting In favor of this section will
probably abridge, by a full year,
our participation In the good times
now prevalent every where in the
trans Rocky Mountain region. OF
oourse. II is an arbitrary assump.
tion to say that it takes about az
long for the good a. for the bad
eimss to reach this Coast, but pop.
ulAr speculation runs just in that
groove. Our own opinion is that
tbs transition was marked in this
etate In midsummer OF the cur
rent year. 1t certainly was 80, a.
fas - Los Angeles county and
Southern California generally are
concerned. Special circumstances
ct our local railway and geograph-
leal situation have helped to bring
aoout this desirable state of things,
ord they will operate with re-.
deublsd force from this time for.
ward.