Los Angeles daily herald., 1888-10-28
Property Values.

come nervous about the values set on
realty in places OF the character referred
to. Six years ago Los Angeles was
very insignificant town in all respects.
Her population was about 10000, and
her buildings, with very few exceptions,
were anything but imposing. Now
this city is closely crowding the
100000 mark in population, and
her buildings, public and private, are
the peer OF those of any city in this land
of even twice that number of inhabi-
tants. The schools, churches, residences,
business blocks and the new City Hall
buildings are of a style of which no city
need be ashamed. This is great ac-
complishment for half-a-dozen years.
Nor is there any Stacking Of the pace in
any line OF growth and development.
Los Angeles future is as we'll assured
as that of any city ever was. The
elements out of which her future
| is to grow are patent. We are
| five hundred miles from the nearest
large emporium of trade, San Francisco.
In fifteen hundred miles OF Coast there
are fewer places to build city than in
any similar stretch of sea border in
the world. There is no likelihood at
any time that a great city will be built
between San Francisco and the mouth
Of the Columbia River in Oregon. There
is less probability Of such an occurrence
between San Francisco and this city.
Here is the extreme southwestern
angle of the United States, and
with the single exception of San
Diego, there is to be no other
city of mark in this section OF the United
States. Our many and great advantages
of all sorts over our little nelghbor to the
south are too we'll understood to call for
extended comment. Here is to be the
commercial emporium of the southwest
ern quarter OF this uIion of States. 1t
will be the terminus of half score of
transcontinental railroads, and great
deal OF the commerce of the Pacific will
be handled at the port of Will
mington, or San Pedro, with Redondo
Beach, Alamitos Bay, Santa Monica
and other points sharing in the
business.
Los Angeles lies in the center OF vast
and vastly rich area of land, whose
crops and their profits are like the stories
in the Arabian nights for their wonder,
and like the moral law for the solid
truth Of the statements in which they are
told. Then there is the glorious climate.
We have been little enthusiastic in
this respect. and those who are not per-
fectly informed in the matter think our
phrases are somewhat too expan-
sive when we speak OF it.
But the climate is glorious beyond
not only the most enthusiastic praise
ever bestowed on it by the most
imaginative and ardent admirer who has
lyet written on it; but it is glorious be-
yond the power of language to express it..
Here then are ali the elements out OF
which the future growth of the city is to
come. Their value cannot be over
estimated, and their effect is still but
dimly guessed at. From these sources
most steadily rise and swell until Los
Angeles numbers, and at in the next
five years not less that 100000
souls. 1t will reach that figure. and no
mistake. The influences which are at
work to produce this are cumulative
There are at this moment hundreds of
thousands OF eloquent tongues scattered
in all parts of the country telling of the
beauties, prosperity and healthfulness of
Los Angeles. There are tens of thou
sands of people in this city who week by
week write to their friends at the old
home to come here, where they are sure
to do well, sure to be we'll and sure to
enjoy life.
San Francisco is now a city of 300 900
people. A few days ago there was a sale
of building lots in that city. The prop
erty lies near one of the entrances to
Golden Gate Park. Lots in the Bay City
are usually about 25x1O0 feet. The first
lot offered was corner of just that size.
1t was started at $1,000, and after about
six bids was knocked down at $4,000.
The two next brought 5000 each. The
next three sold for $4,950 each. Then
four sold for $4,000 each. The cheapest
lots sold brought over s., 900 each. Thirty
eight lots in one block sold for an aggre-
gate of s142,s25.
Kansas City is not twice as populous
as Los Angeles. The HERALD the other
day published accounts of acre-lots sell
ing outside that city for $4,000 each.
The lots just referred to in San Francisco
are just three miles from the Palace Ho-
tel. Those who are anxious or doubtful
about the value OF our property will do
we'll to put pin in these two values in
sister cities. There is but little property
in or near Los Angeles whose value will
not double within three years.
RuNoR has it that some OF the Repub-
lican enthusiasts of the baser sort-no