Los Angeles daily herald., 1888-06-12
A Fynselfss yden.

Ever since the opening of the present
year the press of Northern and Central
California has been busy announcing
that the Los Angeles boom has burst.
This refrain has been heard on all sides,
and the vocal announcement of our col
lapse has been much more vociferous
and continuous than the journalistic
outgivings to the same purport. This
has been the first information conveyed
to every Easterner and to the stranger
from whatsoever quarter who happened
TO get within earshot Of any denizen of
San Francisco, Sacramento, Oakland,
Stockton, or, indeed, of any up country
region. The favorite proposition with
our cordial compatriots has been, "No
use OF going down there-the bottom has
fallen OUT
What are the facts?
In the first place, the real-estate trans
actions placed on file thus far this year
exceed in magnitude the sum total re-
ported for the preceding year, and this
Notwithstanding that the hectic era OF
town-lot speculation has ceased for
months. The demand for eligible city
and acre property has never been greater
in Los Angeles during its history than
now.
In the second place, more building is
going on in the city and county OF Los
Angeles now than in the whole Of North
ern and Central California put together,
and this is not dull year in California
by any means. Let any one take trip
through this city and county and he will
be astonished at the magnitude OF the
permanent Improvements that are under
way, both of business and residence
character.
In the third place, prodigious areas OF
land are being purchased and improved
by those who are able to and intend to
add enormously to our productive capa-
bilities. Mr.. James B. Lankershim in
formed us yesterday that the crops in the
San Fernando valley never looked better
than this year, and never in the history
Of that productive region has more land
been sold than during the past thirty
days.
In the fourth place, never have more
important public improvements been
made in Los Angeles City and County than
are being made and contemplated now.
Streets are being projected, needed public
buildings are being arranged for, and the
spirit of excelsior prevails everywhere.
Notwithstanding the fact that our sum-
mer exodus has set in, our streets are as
thronged as those of metropolitan city.
Filthy and lastly, seventy thousand
tourists have been already booked for
California this year, and they will all
come by the Southern routes. Los An
geles, with her unrivaled attractions, will
have the pick OF them all. Her climate
is exactly what it was when all the poets
raved about her, and half dozen trans
continental railways are breaking their
necks to get here. Her oranges, wines
and brandies have not lost their SAVIOR.
and the demand for all her remunerative
specialties is far greater than the supply.
The writer has made four trips to the
East since the 9Th Of last November, and
he has no hesitation in saying that more
building has been underway in the past
six months in this city and county of Los
Angeles than in the cities OF Omaha,
Kansas City, st. Louis, Chicago and
Washington put together. 1t is true that
building operations are measurably sus-
pended in the East during the winter,
but large portion OF the spring months
was embraced in this survey.
What nonsense to talk OF collapse in
Los Angeles? This community has
never been 80 vital as now, and those
who have sense enough to invest money
at the present low prices will bless their
lucky stars. They will be glad they are
alive.
This is the law and the prophets of de-
velopment and progress hereabouts.