Los Angeles daily herald., 1889-02-25

are there, nevertheless, and will remain
there. They pervade most of the press
of northern and central California, and a
great deal of it is founded upon sheer
ignorance. Ten years ago Southern CAL
ifornia was known as the "cow countless"
and to the up.country press that idea still
attaches to a region which has known
the most magical development, in every
line, ever recorded on the American
continent, or even on the globe, in a
single decade. The fact that, without
any violent jar-with scarcely a
business failure of note in the
whole process-our people have corrected
an era of over speculation in outside
lands, in which it was sought to cut up
our vineyards and orchards into town
lots 50x150 feet, or even into smaller sub
divisions, is hailed by our irate contem-
poraries as an instance of a "busted
boom" from which we shall never
recover.
rtunately for Los Angeles that re-
covery is here now. The process of
liquidation has been proceeding for
year, and outside real estate values have
got down to figures which makes an in
vestment in them source of certain
profit. In the whole history of this Sec
ton there never has been time when
30 many projects of development, in
strong hands, were under way as now.
The "boom" period has left us with the
most perfect system of local railway
transportation Of any place III the world.
Los Angeles county is literally bisected
by rail and tie in every direction. With
two trans-continental railways, which
have been in operation for years, the Sun
set and the Atchison. Topeka and Santa
Fe systems, we are in position to ex-
cite the jealousy of San Francisco her
self, and we have had every reason to
believe that we have excited it. Two
other transcontinental railways are
about to make their Pacific Coast term
mus here. We shall shortly have con-
nection with the Carson and Colorado
Railway, which will bring the rich min
eral treasures and trade of Inyo and
Mono counties to Los Angeles. So invit-
ing is the situation that Chicago capital
lists, right when we are at the bedrock
of the boom, have invested two millions
and half dollars in what will give us,
at an early day, one of the completest
systems of cable railways in the world.
Right at this same bedrock, Captains
Ainsworth and Thompson, capitalists
who have been very instrumental in
building up Portland and Oakland, have
invested enormous sums at Inglewood
and Redondo Beach, and propose to give
US at the latter place harbor, which
will count very sensibly in the develop
ment of this section. simultaneously SEN
ators Stanford, Hearst and Jones are advo-
eating the appropriation of half a million
dollars to push rapidly forward the gov
ernment work at San Pedro, which will
make that port one of the best on the
Pacific Coast.
Our jealous-minded up-country friends
should not overlook the fact that Los
Angeles is located on the shortest line
between Atlantic and Pacific tidewater
to be found on the American continent
within the limits of the United States,
and that this fact alone points out the
Angelic City as a metropolis CONNER
cial emporium of vast possibilities. The
county is so clearly destined to have half
a million people in ten years, that even
without taking into the count any but our
own people we shall have a splendid
trade, reinforced by the most manifold
and remunerative production known
anywhere on any equal superfcies of the
globe. As a result of the determined
and sensible course of our people that
production will be enormously increased
this year, and in ten years we shall be
selling to the outside world ten million
dollars worth yearly of wines, brandies,
the citrus fruits, crystalized fruits, early
vegetables and early fruits, the cereals
and what not.
We repeat it, our up country contem-
poraries are kicking against the
pricks, and they may as we'll
realize the inevitable. In a region
where eight crops of alfalfa can be
raised yearly; where the farme RS on the
same soil can raise both crop of corn
and potatoes in single season, without
any appreciable diminution of it's fertil-
ty; where the tomato ripens in the open
air in midwinter and the camelia and
tuberose exhale their fragrance along
,ide of it, with climate superior to that
of Nice and Mentone and the Mediter-
ranean coast of Africa, no such thing as
! "busted" boom is possible. An intel
gent people may call halt in an era of
'ver-speculation, and that is just what
We have done. But the halt will not be
'f long duration. As General Winfield
Scott Hancock said to q party,