Los Angeles daily herald., 1889-01-01

OtHdueutei W dCuiSVC &SouieS hSiooOioiO
not recorded in any reasonable periods
OF the worlds history.
The great difficulty in writing about
Los Angeles is that when one is saying
prosaic things one is supposed to have
his eye on poetical possibilities-and
nature seems always to have had her
eye Just on those possibilities. When
one tells an Fastener that, ten years
from to day, we shall be selling to the
outside world $10,000,000 in wines,
$40, 600, 900 in orandies, SIC, 900, 900 in
citrus fruits and $40 900 600 in the cereals
and early vegetables, and that yearly,
one seems to be romancing. Yet the
romance so involved is nothing to that
which the writer has seen in watching
the transformation of the single 'dobie
ranch-house of thirteen years ago into
the Pasadena of to-day.
In order that, in our challenge of the
rest of the State and of the world, we
may not seem to be extravagant, we
shall indulge in few of the statis-
tics which appear in the New Years
HERALD. Last year, in the city of Los
Angeles, dwellings and business houses
to the amount of SO, ,O00, 900 were erected.
We furnish the figures in detail else
where. In the whole record of San
Francisco for ten years past the highest
annual building exhibit is $4,000, 900.
The average in that city and county for
the past ten years is S., 100000.
In climate, in which Los Angeles
is supreme, the official tables. which we
publish elsewhere, show that very rarely
has the maximum been over 80 degrees,
while it is matter of special chronicle
when the mercury has sunk degree or
two below the freezing point.
AS to our banks their history is simply
phenomenal. One of our commercial
banks in the State reports Of last year
shows deposits OF over $5,000.000. An
other National bank shows deposits OF
two and half millions of dollars, with
still another OF over million and half,
while the Savings banks show deposits
of over 100000.
The total capital stock of all the banks
of this section is, in round numbers,
nearly $6,000,000; the reserves amount
to nearly $2,500,000 while the deposits
aggregate the enormous total of nearly
$21 100000.
With the Pacific ocean laving our
shores for nearly hundred miles, en-
bracing many serviceable harbors,
which the Southern Pacific Railroad
and the National government are
both bent on improving; with cheap
lands, fully described in columns
elsewhere; with remarkable spon-
taneity, known only to special regions OF
the earth, here fully experimental upon,
and generally yielding large pecuniary
returns, what wonder that the HERALD,
in its latest prediction, grounding itself
upon provisions approved in the out
come of the past, fearlessly places Los
Angeles city and county ahead of the city
and county of San Francisco in wealth,
population and all standards of progress
when the census of 1900 shall be COM
piled. Believing this, we tender all
Angelehos happy New Year, in perfect
confidence that even in 1895 they will be
the dominant community on the Pacific
Coast in beauty. development and sig
nifcance.
To-day, with adjusted values OF real
estate and stable conditions of prog.
ress, Los Angeles is prepared to sell the
richest lands on earth, and those who
buy them now will get the climate
thrown in. This will not be so three
months from date. The finest cable
railway system, with one exception, on
the American continent, is now being
completed here by Chicago capital.
With practically four transcontinental
railways centering here, at least two 9TH
ers of national significance are looking
to the Angelic City as their terminus.
This city is as fully the terminus of the
Central Pacific Railway, with its Union
Pacific ramifications, as San Francisco.
1t is the absolute terminus, at its port
OF San Pedro, of the Sunset route, and
that on the shortest line between Atlantic
and Pacific tide waters on lands owned
by the United States. 1t is the Pacific
Coast terminus of the Atchison, Topeka
and Santa Fe and the Atlantic and Pa
cific railways. Through its completed
transcontinental lines it enjoys all the
benefits of connection with the Texas
Pacific Railway. Its local lines are nu-
merous almost beyond mention and
gridiron the county in every direction.
A coast road will soon be completed to
San Francisco, which will shorten the
line to that city to fifteen hours. A
railway is in strong hands which will
shortly be built from Salt Lake City to
Rattlesnake Island, giving us another
transcontinental string to our bow.
Our products are not only the
corn, wine and oil of the COM
merce of all ages of the world, but
both oil expressed from the olive and
from the rock, the latter in the shape of
petroleum, OF which there are illimitable
deposits in Los Angeles county, but the
grange, lime, citron, pomegranate, wine
and raisin grape and all the cereals
known to the temperate zone. No limit,
- ;ok; ~ Il <,f< H.,