Daily Los Angeles herald., 1882-03-24
wn.s nay be expected.


the transition point In q remarks
bly, crucial experience which Los
Angeles had undergone, and which
had lasted ever since the suspen.
sion of the Temple 4 Workman
Bank, In the fall of 1875. No An
gelefio can have failed to remem.
Der the succession Of misfortunss
which AFFLICTED this com munity ut
that time, including the small-pox
epidemic and the memorable
drouth Of 1877. Under that terrible
and continuous ordeal this COM
munity was tried as BY fire, and
very many worthy and entsrpris-
Ing men went dswn, for the time
being. The principal transactions
in property, for long years, were
done by 6heriffs Alexander,
Mitchell and Rowland. The man
or tho institution which could sur
vive that drear experience was
solvent indeed.
We regard IL as the exigent duty
Of . Newspaper, which Is largely
taken with . view to informing
people from abroad of the exact
status of things in Los Angeles, to
tell the truth, even though it may
seem like sxaggeration, about pres.
snt and prospective developm ents.
II its editor happens to possess
practical and correct judgment
about approaching developments,
it Is his duty to give bis readers,
beth at home and abroad, the BEN
eft Of IL. Last spring We rang all
the changes upon the text that 10
was our unslterable belief that any
man who should buy Los Angeles
real estate either while tho Sheriff
was almost the only salesman, or
at the turn Of the coming summer,
II he bought it judiciously, would
make . great deal of money. How
accurate our provision was in that
case goes without saying. There
are any number Of people resident
Ia Los Angeles county to-day who
picked up property at that time on
which they could now realizs from
atty to two hundred per cent. ao-
cordiDg to circum stances and the
necessities Of those who were com.
PEELED to part with their proper.
ties.
just now the era which we an.
ticipated is being fairly ushered In
In this section. Los Angeles has
been winnowsd az wheat is by a
modern patent process, by that
wind Of adversely to which we
have alluded. As result, prop
erty has passed into stropg hands
AT least into the hands of those
whs are forehanded enough to hold
on to what they have got, and who
understand its value.
The process by which Los Ange-
lee emerged from her Slough of
Despond was q peculiar one, and
deserves to be noted In detail. 1t
can with justice be said that the
miracle was wrought mainly by
sslf-help, although railway devel-
opment assisted largely In the pro-
cess. No man who has lived In
this city, during the past six years,
can have forgotten the revulsion
from hope to dependency which
Characterised the completion Of
the Southern Pacific Railway from
San Francisco to Los Angeles, and
frsn Los Angeles to the San Cor
gonie Pass. It involved the dis.
bandment or removal of i'm.
nsnss forces of working men,
whose presence In this county,
hitherto, had given vitality to bus
mess. So great was the disap.
psintment that . fanatic, here and
there, was heard advocating the
tearing up Of the rails. The ad-
vent Of the iron horse, the disper.
sal of the immense and multitu.
dinous mule-teams of old, deranged
every form Of business. For mo.
ment we supposed that our case
was exceptional, and that we were
being made the victims of q ma
iign dispeBsation to which no other
people had ever been subj jscted; I;
though, all the while, we were
really accommodating ourselves to
the same experience which has, in
turn, been undergone by every pro-
Rressivs town on the American
continent. The extension of the
railway, q necessarily slow and
protracted process, through Ari.
zsna and New Mexico, worked a
magical revolution; and, to-day,
Intelligent Angeleflos are begin
ming to see what trem sndous com.
meroial and productive possibili.
ties lie ahead of them as q result of
our almost perfect railway system.
But perhaps the most salutary
agent In the revival. of the pros :
psrity OF Los Angeles city and
county laid in the stimulus to in
creased production which the hard
times impaired to our people. 1t
Was at once perceived that deliv.
cry from the high-wrought expec-
tstions founded on com pleted
In T.