New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-07-24
CILIFORNIAS PROSPERITY.
EFFECTS OF CUT FREIGHT RATES.

EFFECTS OF CUT fRElGtI hAlES.
HIGH WAGES AND CHEAP LiviSG-THE CHINESE
Observation-Disclosures ~ THE EAST.
Not few of the prosperous merchants OF
New.York were at time engaged In trade in san
Francisco. and many stu maintain commercial reia
lions with California houses Among the latter cia. -
Isaac g Cofn. OF the NcwYork house OF Coffin. Redng
ton 4 Co.. auI the san Francisco firm OF Reiing-
ton 4 Co. large drug and paint importers and
dealers Mr.. Collins acquaintance with the Pa
cinc Coast from eaay days. and fe"
are better Informed to the matera1
prosperity OF California In conversation respecting
the present ana future OF the State he said:
90 noticed in an interview with William T. Coleman
OF san Francisco which was printed in The TRIBUNE re-
Gently that ge refers to the cut OF freight rates
elicitate. himself ami his feIlow-citz-ns OF Can
form upon the prospect OF permanently enjoying 10"
freight tariffs / think he 10 mistaken. As large
shipper both ways l a position TO know that the
plan upon which Pac hc railroads reduced relehts
tended TO bring eastern manufactures into injurious
competition with California manufactures, without
arordng a corresponding opportunity Tor
the shipment OF California eooiA Inc
charges less to California than comHS
this way and at one time a carload OF merchandise
could be shlpped clean through California from New
York cheaper than from NewYork to Chicago. That
brought New-York markets into as close competition
California with Chicago. aud must have affected
some interests unfavorably.'
est cities IN this country to live in"
YES tits some years since lived there. ami prices
muy changed but as rule the necessaries OF le
and clothing cheaper In san Francisco than ID
New-Yors ana wages are considerably high
err Notwithstanding the presence OF the
Chinese The why living Is cheap
IN California IL hard explain. California is great
state with AMI climate unapproaehed where IN
the world she produces more, aud more cheaply too'
comparison with her population than any other coun-
try and for her grains vegetables ana i've
stock must be sold chespy Wool IA grown and manu-
featured on the coast Timber cheap ami houses are
rented moderately Then the state is rapidly hins up
with new settlers and every OF these brings more OF
less ready money which il invested IN supplies, utensils
land and labor This keeps larger amount OF money IN
circulation than most countries have California
grows her crops quickly and aoundantly ana
converts them Into ready money. dont
know any other for accounting
for higher and smaller living -Nen-ss IN can,
advance rapidly many years II Il The furthe>t pony
west OF our territory aud restless persons cant any
fur her. they stay tnere Persons ~ me 80
apt 10 make a mistake about the cHNIaV.ot ".
ornians and Imagine them rough l1rOals.s ~ me
coast IN search OF gold, and found IT, aud went away OF
settled down and raised families Dutng me war tue
state wa at a standst. but nee SO has been MAKING
mighty strides Sun regard O"444oFAia p'o'P'''" "
rhe Chinese are being absorbed. for
IIl1 ed so 10 speak Tie shutting OF OF Chinese mmi-
grafton AMI the augmentation OF white srtt.rrs co'
ME 10 dilute their mum and lessen tAer Dheiu h-
h1snee; ana Srs GhIoan@n Wi not be looked upon
as dangerous factor IL our labor problem unless re-
strictOn Immigration "a removed but, ih sPltc VI
the fact that tho Chinese are undesirAo.e today,
/ fney suoserved great purpose in une7
past and were the advance agents OF CIV
and worked IN the hydraulic mines made roads aud IN
fact. were almost indspens@ne Ihey are now IKE de-
burnei, hut the ashes are Ia the way. Undoubtedly
door Of LInese labor. White aud women cannot
compete with them; 81 We sre the anomaly o. coul-
1 hath a-- aF1 An
East Manly skilled labor j. higher I'D An FRANCISCO
than II NcwYork unski.ied and weak lap)r sueI a.
women and children and unframed mep LAD 90 10 Al
starvation rates Hence -Arve and the boys
and cr.s 20 to the bal when moral influences do not
rnec, them have been IN a Chinese shop where fifty
Cinnamon have lived and worked nave seen an Or
binary accommodating hfy coolies. al workns Hh
-evinc-machiues making underciOthing Around the
four walls balcony and w there they slept lnr
afford less than child's wages But those
days are pa.sns away Cinnamon are orsn".mc n 70 a.
far wage Few -ta'es conn nave plrTI ~. 49,,
prosperity under such an Incubus 10 not Know
california sae raise. timber wool. cotton. live stock
hemp, sugar ana AL grain. Sbe produces s'I norS.'
coal gold and ami large hst OF valuable herbs
ana drugs me too~ng ba eTS @r ere n1a Iecrd
Berbcns Aguifoium Eucalyptus Nerba santa CtluueIlH
Rohusta ana Crudea >Guarrosa. all valuable me iicina
plants She mas vast deposits Of ornamental maroe and
iron and other metals and her fTuls ana vines
Do you agree with Mr.. Coleman that the Investment
OF large by CalfornAus II Eastern real es'"e -
80. 10 not think it I. significant It is sig
nllcaut mere vast sums OF rea45 Ca-u AZ
/ fOrula Many men have made money tdstrr tu~u tncy
IT, and naturally look All over me gooe LOT
opportunities for sailing II away. a. the CaAoria
phrase has IT, There are not enough Interests on me
coast employ all this vast capita money
! 6. plenty and yet tne rate OF interest IS
! high Whore interest Il mentioned ten per
railing rate, but mortgages aud other COM
m-rcial paper draw > to per cent a. agreed upon.
Money may be banked IN moderate suns Al ami per
interest Now. the question naturally arlses-"hy
% per cent may he obtained for money 10
Ia Francisco dent rich Cal fOrniaus invest tneir iuhds
AT home i. they do. Inev continually lu-
AL they can. but you must remember tnat men
with Hons cannot ma Sigaltic ana al the same
borrowers After putting ont All the small sums
thev III the great mOn-y centres win the nuA
pita The sentiment OF the country aver-e
to rich absorbing large tracts ~ agricultural lahu
and reuflng them PARCELS 20 aotual
producers I think that wealthy Caliiornans
/ display real puzzle spirit ia not taxing ~
vantage OF their Opportunities and making then-e yes
land kings Why land In California j. selling Tor mere
song and these know L Tnsre IL no spot on THIS
planet Land OF such qui.ity may be bought 40
/ cLeaply. fry % and AMI htte ctptsl Will
n axe any man Independent IN few years II Ae nas III
. .fpas