Los Angeles daily herald., 1889-06-12
A standing Peril to Investors.

panv OF Mexico, and it's good offices
ought not to be confined to Englishmen
The HERALD has been at great pains to
save the investing moth from the Lower
California candle. 1t is at loss to
know how and why it is that Eastern
people with money will pass by legii-
mate and remuneIative fields OF invest
ment to hunt after an ignis fatuNS. There
are better placer and quartz mines, a
hundred times over, within sixty miles
OF Los Angeles than can be found within
two hundred and fifty miles of the Amer
lean line in Southern California, and yet
simply because the expense OF ex'
plotting these Lower California
frauds is, at least, ten times that
of the more eligible propositions in the
territory, and under the laws Of the
United States, to say rothing of the irk-
some disabilities of the Mexican mining
statutes, certain Anticipated persons
show a disposition to crowd below the
line. This tendency reached the stage
of madness Of March hare in the Santa
Clara infamy, Jeremy Diddler PROPOSE
ton created and fostered by the lnterna-
tional Company in Mexico. Speaking of
the operations of this predacious COM
pany, the Ne,Cs- Letter says:
The proposition springing from inter
ested sources, in Mexico, to cede Lower
California to the United States is one Of
those deeply laid lines which generally
are found, on investigation, leading to the
nucleus of some weak kneed enterprise,
which needs bracing up in every direc.
ton. The international Company Of
Mexico, in this instance, would undcubt-
edly wish the outside world to credit the
absurd rumor, trusting that thereby sui
ficient confidence would be created to en-
able them to fasten white elephant on
unsuepecting investors. Unfortunately,
sessed of too much common sense to &C.
cept this Greek bearing gift, having
now within their own borders
capable of supporting those who
increase of territory is desired, even If
grant includes little outside OF barren and
CdCtus-COFCIcu tChahtOu <hiShC
with innumerable hosts of horned -toads
and deadly vipers. America has no use for
Lower California on any terms. The
mineral discoveries are only treated as
lying reports, faxed up by an I'M
ec1upulous corporation, and it is we'll
known that the fertile spots on the line
are SO firmly established as private pro-
perty, that even the Mexican Government
sotlo2 in OF inf 70 oI1cf fhsa
owners in the interests OF alien land
grsbbers.
Our San Francisco contemporary has
evidently kept vigilant eye on the
walk into my parlor, said the spider to
this fly" tactics of the moral agricultur.
lets who are running the ingenious
"fskes" which are constantly being
heralded from the Lower California
region, and mainly by the international
Company. 1t seeks to protect the British
investor; the HERALD aims to protect
honest men of all nationalities. 1t rounds
up its warning as follows:
The fact of the matter is that the In
teruational Company of Mexico bit off
more than it could conveniently get away
with when it put up this scheme to
fleece the universe. Misfortune has at
tended every step. The colony scheme
was failure, and the few who did get
involved in the meshes have used their
tongues to such advantage that the
world has little more to learn Of horrors
attached TO life in spot, about the
only one in creation of which it might
be truthfully said that aught but man is
vile. Agents have only been appointed
to inaugurate litigation, even the very
survey having ended in the courts On
the question of stolen plans. Steamship
comp anies, mining and chemical schemes
have all, in turn, been added as attrac-
tons, which, it was hoped, would turn
| the tide OF population thither, and all
are, as yet, in the initiatory stages, await
| ing the fool and his sack Of
gold An English Company was
formed some months ago to bear the
burden, out it fizzled out in spite of the
appointment Of an officer in the Epgi-
neers az resident manager to give tone
to the enterprise. Now, however, the
final coup is at hand, and syndicate
has bloss omed out in London, with the
ayowed intention of fathering all the
mistakes of American sharpers. Each
| and every subsidiary company on the
/: Peninsula is to be turned over, if sufi-
Gent dupes can be found with the ne
cessary Gl0 notes to take stock in the
scheme, and it is to this end that the
rumors Of annexation are bruited around,
in an endeavor to use the name of the
United States as cat's-paw.
The British investor, before he serious
| ly entertains this proposition, will do
well to refer to the description given by
Dickens OF the eden Land Scheme"
and take warning from the fate Of the
hero OF that tale.
There are several plights in which a
man or an investor is not only
without pity but without hope. One is
what is known in theology as the sin
against the Holy Ghost, and another is
judicial blindness. The man who is ass
enough to part with his money to lot
of Lower California sharpers would seem
to have brought himself within the
melancholy prism Of both crimes. We
are glad to welcome the NeWs-Leter to
missionary work in this line. If the
man who makes two blades Of grass to
grow where only one grew before is a
public benefsctor, the man who saves
the waste Of good money ought TO come
in somewhere in the line Of doing good