Los Angeles daily herald., 1886-05-12
THE CITY'S GROWTH.
The Future Great City of
the Plain.
HOW 100000 ARE TO LIVE.
An Unrivaled Region for Products,
Climate, Artistic Develop
meuts and Business.
HOW 100000 ARE TO LIVE.

this city and entered into CONVERSATION
as to tho future Of Los Angeles city.
The enthusiastic scribe in his minds eye
saw without spectacles 100, 900 people in
the pueblo limits before about the time
the last DECIDE Of the century opens.
The dealer in dirt seemed dubious. He
propounded the question; "How are
they all to liyef"
In connection with the development Ct
the city there is another quandary which
needs reply so as to clear up misls in
many minds. That is the present price
of real estate. Five years ago properly
anywhere out Of the business center OF
the city was to be had. in many cases for
less than the improvements cost, in all
cases for a mere song. Much OF that
now paying good interest on a large
SUN from business rents was to be had at
most moderate values. The sudden
change by which values rose all over
the city naturally astonishes those
who do not look below the
great appreciation in prices. Blooms
have come aud booms have gone in
many places and left veuturesome souls
stranded high and dry on many rough
lee shore of the financial sea. A boom
is rise in values made by some new
factor injected into the situation, and
extraneous to local development. The
period Immediately preceding the adj
vent of a new railroad is usually the one |
of boom. People get their IDEAS raised
to an unnatural pitch Railroads gen |
orally create prosperity. People expect |
too much of this single agency and dis. |
count the future. They buy rashly and |
wildly. Their expectations are not full
filled They are in debt. The note
natures None Of this is noticeable |
here. The road was finished before the /
rise in values began. That rise came
with q steady demand for purposes OF i'm
provement. 1t came with the opening of
legitimate markets for the staple products
OF the finest region in the country. This
demand must continue, for those pro
ducts are in exceptional demand the |
whole world over. Never was there
such firm basis under the fruit, wine
and other products of Los Angeles.
COhPAhisOh VI VALUES,
In moments of thoughtlessness people
say: Why business property in Los An
geles is dearer than in st PAUL They
mean some Of this property is sold at
higher price than some of that Take
their best business property and II is
found to be four times dearer than the
most costly realty in Los Angeles.
Others say Los Angeles property is
nearly as dear as that in San Francisco.
The last named city is so near US com.
parsons are easy and may be proverbi-
ally odious. Any one who knows the
bay city will soon realize how far out in
the "western addition" is the corner Of
Oak and Clay streets. A few days ago
a lot there 56xl00 feet sold for s2400.
That is over $40 a foot for very shall
low lot. One can get very eligible
residence property in Los An.
geles still, with 80 per cent.
more depth, for S25 foot. A lot
in San Francisco, corner OF Vallejo and
Octavia, 30xl25 feet, sold for $50. 1t
bad 81, 800 house on it. That leaves
the shallow lot sold at nearly Sl7O a
foot. The fine lots on Main, corner OF
Fourth, were recently sold at Si20:
These are prospective business sites and
there is a pot of money in specializing In
such realty. Getting into the business
center, the old Jesuit College property,
on Market street. nearly opposite the
Baldwin Hotel, is reported sold at a
round million Of money. 1t is deep
lot, reaching as 1t does back to narrow
street In the rear. The Market street
frontage is 275 feet. The price is -,
638. 36 per foot. The buildings on it do
q ats in oo I
Angeles has to almost quadruple to equal
this big figure.
How BUSINESS SPREADS.
A ramble around the city will reveal
a very interesting state of affairs as to
business. The main artery Of tradic
reaches almost without a break from
Third street on Spring and Main to half
way up Downey avenue. There are
little Gases Of business all over the city
among the barren wastes Of mere homes.
Ii spreads down Also street to the river
and on First street to the same point.
There are grand preparations for bust.
ness along Temple street, and with the
opening Of the cable road this will in
crease On Los Angeles street south of
First street there are two livery stables
recently established and another is now
building. There is also q wagon-shop,
removed from Second street, and by its
side a blacksmithing shop. Trade has
driven in a stake on Fort street, south
OF First, and will hold the ground.
Soon both the unoccupied corners of
Fort and First will be handsomely i'm.
proved. All of First between Spring
and Fort will be built up before winter.
The corner Of Fort and Fourth will
have a store in a month or two. Sixth
street. from Main to Pearl, will soon be
a busy retail mart. There will come
with the new electric road good de-
yelopment Of business on Boyle Heights
along the line.
HOW SHALL THEY LIvEl
Now, returning to the question of the
real estate man--it is easy to see how
good many new people are to live. As
there increases demand for more room
for business purposes, new capital will
seek investment here. The present
owners Of the property can not put up
brick blocks as they become necessary.
Thew will have to sell the realty to men
with capital. In each such case there is
a means Of living for family. That
family again will need home to dwell
in, So grows the city, step by step.
Tho road seemed long, but the dog got to
Dover by putting one foot before the
other. As the city grows in population
there will be room and living for more
manufacturing Industries. These again
will increase the population by the mum.
Der Of hands they employ. People will
live here Just as they do everywhere
one off of the other. There have for
tunes been made here in real estate.
There are many more waiting 10 bemade
in the same way. Men have waxed
rich here by opening a grocery store;
others will come and do likewise. People
have gone to work at some mechanical
trade and out of their own fingers ends
built up fine business where now they
employ good many men. These little
plants of prosperity have still TO grow
into big trees. Others will see fruitful
apots to plant similar ventures which will
90 on and grow too. Then there are the
thousands Of people in poor health east
of the mountains who will seek here an
ASYLUM from the rigors of their winters
for all time to come. So long as
the bleak winds blow off the cold At
lantic. so long as New England business
habits continue to amass wealth, so long
as fanatical opinions will prevent men
from indulzing in generous diet using
the good things Of creation to maintain
a vigorous vitality to fight against the
dire effects Of the winter rigors, so long
must they continue to hock to this
sunny cline, to recuperate, to spend
their money, and to furnish living to
many people of Los Angeles.
THE RIoH COUNTRY AROUND.
There above all lies the perennial
richness Of the great country around.
Yesterday a reporter made his rounds
through the markets. and besides the
usual staples found in civilized markets
the world over, such as fresh eggs,
cream cheese, poultry, fish. game, fat
haof and muAfon. tender veal and |