Daily Los Angeles herald., 1880-07-04
Esaldud Los Angeles RevivaI-Why
AugeleuOu are HanEusne.


AugeleuOs are Sang iDe.
we should not voluntarily seek
10 simulate the hopes of our PEG.
pie uuless we had good grounds for
TIE fsith that is in us. In our
opinion Los Angeles city and coun-
~ ore just upon the eve Of the
most inarkedi and enduring pros
psrity they have ever known. 1t is
true We may not again see the fever
h rell estate speculation which
eaara ,terized prosperous move
gneut5 in the past. Everything
hereafter will be on the sober plane
q real values, but notable real
estate activity, also, will not be
wap| pg to the new era.
,kvhry one who Is at all acquaint.
I'll With the later fortunes of Los
Angeles knows perfectly we'll that
tils section has undergone unpre-
eederted drawbacks during the
ssA. i've years. First came the
fsiiute of the Bank OF California,
which was followed by the collapse
of or Los Angeles firm Of Temple
& Workman. The year following
this anheard of calamity, We had
ibe smallpox epidemic, which
caus ID Los Angeles to be tempo
ran y abandoned as a resort for
heal il and pleasure. Next came
yea of total and then year of par
ti2l irouth. 1t Is small wonder
that, with universal stagnation
ON The coast, our young and III om-
ising city staggered little. The
great wonder~ould have been if
&, e ri not.
Hlrtng this crucial period the
Sou bern Pacific Railroad was com.
siet I'd to Los Angeles from San
francisco. Probably no one ia
mHar with the history of railways
is to norant Of the fact that the first
eae,t of the completion of such en-.
terprises is one of disappointment.
q - he snort Of the iron horse be-
came palmer and palmer, our
Algjave and Inyo trade dropped off.
The numerous mule teams which
had consumed our hay aud bar.
ley, and gave employment to our
blacksmiths and wagon-makers,
rapidly became thing of the past.
except as an incident of farming
operations, In addition, country
merchants were brought into direct
connection with San Francisco
job'oers. Take it altogether, the
situation for Los Angeles became
gloomy indeed.
To aggravate these grievous
drawbacks speculation In Los An
gel 's real estate had grown to UNI
healthy proportions. Men who had
bought lands within the city limits
for q few dollars by the acre,
had no hesitation in demanding a
thousand dollars for single lots of
these sub.divided forty acre tracts.
These demands were greedily COM
piled with by purchasers, and, I'M
der the stress Of tho circumstances
we have outlined, real estate went
down, down, down, until there
seemed no bottom to 1t.
We are now bravely over all
these discouraging phases of our
history, and the rainbow of promise
lie set very brightly in the sky.
No real estate on the American
at present prices. offers
such Inducements to the investor
Us ours does to-day.
The reasons for the change can
be compendiously stated. The pro-
gress of the railway, which at first
seemed to nip our prosperity, has
been steadily recorded until it has
now passed Tucson. Our farmers
now fnii IL ArizsHn n market
which compensstes thsn4 twonty-
fold for the lost ma sket Of ny 5eoun-
~ in ils hest daya. So great is The
change that they oan now
sAli their hay ami barley aud theirl
wheat, be latter In the shape O;
-four, 81 n profit, When the people !
81 The rest Of the Stale may stand |
around anxiounly calculating mar
gius aud speculating MS 10 ruling |
,sirs 0sr tnereiferia also. feel I
.hA nsa and gratef. ing sllmalps, I
and their o. Cd 10 Arizona -etaiiera
laore tnan n,. amends for any
l.aseihle ioss lu oIier districts,
BE inst docs M bsgiu TO icli the
@aois story. y - settlement and
m IL Aes3aGa arc bat
ID theft infancy. the promise IL
held forth that, Ia our nej&hhofln9i
'srrilofy, are being DEVELOPED and i