Los Angeles daily herald. [microfilm reel] (Los Angeles [Calif.]) 1884-1890, 1889-05-10
our Prosperity assured.

The outlook for this city and section
was never brighter than it is at present.
We have had most propitious season,
and the agricultural prospect could not
be surpassed if it had been made to our
order. The recent rains have done no
serious injury to any of the staple
growths, but will be beneficial in their
effects upon that portion of our crops
that had not the full benefit of all the
seasons rainfall. What little harm was
done to outlying hay will be more than
made up in the good effects of the in
creased moisture that will reach the
fruit trees and the yines during the
warm, dry months of July, August and
September, and in the increased amount
of water we shall have for irrigation
during those months. The returns from
our prolific crops will bring great deal
of new money into the county that will
go far to ease up the stringency amongst
the farmers, and their relief will reach
to all other classes of our people.
A good will come out of the evil of the
misrepresentation of recent years, from the
fact that the reaction has caused every
body to earnestly engage in the legiti-
mate work of recuperation. When men
reach the bedrock OF their resources,
then it is that their energies are aroused
and that they put forth strenuous efforts
to recover the lost ground. A whole
community working on this principle
must necessarily develop many dormant
resources that would have lain neglected
if the speculative era had continued.
We shall soon experience the benefits OF
this renewed energy in the opening up
of new industries and the revivifying
of the old ones that had sui
fered from our neglect. Everything points
to the fact that next fall and winter will
find our section again on the high road
to prosperity. We may net have-and it
is not desirable that we should have
boom land Gales and boom prices; but
we shall have solid, steady progress in
legitimate pursuits. The good effect Of
this healthy condition of affairs upon our
city and section cannot be over estimated.
1t will make business lively in the city,
and attract people here from abroad to
share in our prosperity. The stability
that will follow in all classes of business
will greatly add to the growth of our city.
and give permanence to values, both
here and in the country.
The return tide from Washington Terri
tory has already set in here. Mr.. Frink,
who has spent some time in that over.
rated country, says that those who have
gone there with the intention of investing,
are disappointed. They realize that there
is nothing there to justify the rush to
that REGION and all admit that Southern
California, and especially this portion OF
it, holds out the most tempting prospects
for investment of any place on the coast.
They know that there is great future
for this city and it's tributary country,
and they are now ready to cast their for
tunes with us. The rush back here will
be greater this fall, he thinks, than We
have any idea of, and Mr.. Frink's iudg
ment in these matters is second to no
body's.
Already money is becoming easy. A
few months ago it was impossible almost
to make loans on unimproved property
in this city; we now understand that any
reasonable amount can be had at low
rates Of interest. This tells the tale, and
shows that capital has confidence in our
future.
We look forward to such a revival Of
times here next winter as will make Los
Angeles the liveliest, busiest and most
prosperous city on the American CONT
nent,