Los Angeles daily herald., 1889-03-07
THURSDAY, MARCH I, 1853
Thiuss the Liar Ignores.

There are two circumstances that
make it obligatory upon journal pup
lished in Los Angeles to say great deal
about this section. The first is that
this is, 80 to speak, missionary field.
For ten years to come, this country and
section will viii be inquired after BY intend
ing immigrants who, for health and busi-
ness considerations, desire to know some-
thing about us. 1t is gracious and no.
BILE function of any newspaper to contrib
ute to the development of the region in
which it is published. That is not only
legitimate but dignifed feature OF the
Los Angeles journalism of to-day. There
is time enough for us all to develop the
dalettante and more attractive, because
easier, features of the daily newspaper
years from now. Seven or eight years
hence Los Angeles county will have half
q million inhabitants, and the leading
journals will then rightfully devote their
editorial columns to politics, philosophi-
cal disquisitions, criticism and hun
dred and one of the lines in which full
and well-informed minds delight to en-
ploy themselves.
Another reason why, just now, Los An
geles journals ought to have much to say
about this county is because We are being
treated to the most elaborate and inter-
ested system of Misrepresentation
misrepresentation which in many cases
mounts to downright, intentional and
malignant lying-to which any region
has ever been subjected on the Amer
ican continent. Between fools and knaves,
an amount of vicious Justification has
reached the columns of newspapers
whose publishers ought to know better
that outrages truth, and makes one con-
versant with the facts marvel that AHan-
las and Sapphira are supposed to be dead.
However, it may be with their bodies,
their spirit still lives, and in greatly in
yigorated condition.
1t is said to be impossible to disprove
q negative, and we shall therefore not
attempt such barren effort. But the
HERALD, which is no offspring OF a boom,
which has survived the most marked
depressions known in the history of
Los Angeles, and whose conductors
are intimately acquainted with the past
and present of this section, will oppose to
this senseless rush and rash of deprecia-
ton these facts:
The effects of a foolish speculation in
'spaper" towns, largely engineered by
Eastern real estate spectators, have al
most entirely disappeared. The past
year has been put in in liquidating spec
ul&tive transactions, and they are now
nearly all cleaned up.
For time the reaction following upon
ridiculously expanded valuations in
country properties, bought for mere spec
ulation, affected unfevorably the rating
of good properties, whose real value was
never exaggerated. This class of real
estate has recovered measurably from
this unwarranted depression. We will
add what is fact, that at no time in the
so-called COLLAPSE" or "busted" boom,
call it by what name you will, was the
value of eligibly located business property
in the city of Los Angeles affected to the
extent of one dollar. On the contrary,
much Of this class of real estate cannot
nov be purchased at an advance of
twenty-five per cent. on what it might
have been obtained for one year ago
As an instance in point, Mr.. d. Freeman
purchased last March the lot on the
northeast corner of Spring and Sixth
streets for $40 900. He has since refused
s60,O0G for it. We could multiply ex-
amplee of this kind.
AS to country property values, for
awhile they were disastrously affected by
the reaction which set in in the spring of
last year. By natural law of specula-
tion, the pendulum swung as far back
wards as it had gone forward. People
are now beginning to see that they al
lowed themselves to be stampeded like
foolish herd of cattle. AS a result, any
country property is now a bargain; and
a man can go out blindfolded and buy
anywhere and double his money in the
next year.
There is a limited amount of foothill
property in Los Angeles and San Ber-
nardino counties which went to very
high fgures during the "boom." This
region has the most perfect climate
on the footstool. Three weeks after his
arrival on this magic ground, which
grows the finest oranges and other fruits
in the world, man who has bronchitis,
asthma and catarrh, finds that these all
ments simply disappear, and even con-
sumption, if taken in time, is certainly
cnred. If he exercises the least care, in
an incredibly brief space, he quits hawk
ing and coughing and straining his
tissues, and, within afortnight, he sleeps
like child. This is the report Senator