Los Angeles daily herald., 1889-02-06
1T IS NOT A BOOM,
But it Will Develop the Sec
tiOn's Resources.
WHARF AND SEASIDE RESORT.
What Will Be Done at Red0ndO
Beach, Including the Big Hotel
at that Place.

The days of wild speculation are at an
end in this section, but the era OF legiti-
mate development has hardly begun.
There was money made in the boom by
those who knew when to stop, but there
was a good deal of money lost in it by
those who did not know when that car
dinal point was reached. There is, how
ever, a good deal more money to be
made, from this time on, in conserva-
tive way with no gambling chances about
it, in legitimate development, than ever
was made in any speculation of the wild
sort. This is where the fellows with no
brains under their hat are missing it and
are going to miss it; and, just the same,
it is where the people endowed with
thinking powers will make it from this
time on. There are fellows standing
about the streets these days who have
neither the necessary judgment nor the
nerve to buy the Baker block, or the
Na6eau if the property was offered at a
price on which the rents would
come to fifty per cent. If there
were as much brains as money
in this community, and the two
factors could be brought into conjunc-
ton, dull times would not be reigning 80
supreme. There is any quantity of
money, but it is in the hands OF people
who cannot see an inch beyond their
nose. They dare not trust their poor
obfuscated Judgment as to an invest
ment. Happily, all the community are
not so blind to their own interest. 1t is
pleasant here and there to find man
who is not following the crowd like
q sheep after some stupid bell
now; labor can be had at a mans own
price; all that enters into the erection of
building costs thirty-three and one
third to fifty per cent. less than it did 3
year ago. Once in while the news
hunter in his rounds runs across a man
who takes in the significance of these
facts, and he finds little corner of the
sun-lit semi-tropics where industry is
astir and where enterprise has its coat
off and is at work.
Such a place is Redondo, and such
men are the sagacious, courageous, enter
prising people at its head. The
boom is not burst at Redon-
do. Captain Thompson and his as
sociates have no misgivingS
as to the outcome of this section. They
fortunately did not put all their avail
able cash into property on first pay
ments, so that they are not now forced
to relinquish it for lack of second in
stallments. They have princely piece
Of property at Redondo and at Ingle-
wood. They are in position to develop
all there is in it, and they are not seek.
ing to sell it on promises of what they
will do. They are doing such wise acts
now THAT their results, will, in due time,
sell all the lots and acreage there may be
to dispose of.
On Monday night a HERALD reporter
learned that
CAPTAIN R. X. THOMPSON,
Of San Francisco was at the Nadeau, and
as his pencil did some work in stimu.
lating the boom in all it's legitimate
rami6cations, and as this pencil had be.
come dull in these piping times OF
nerveless lethargy, it occurred to him
that in Captain IT, ompson and Redondo
he might find the Arma TSrumq,4e,
whereof he might sing pean of enter
prise.
He found the Captain at the Nadeau
and in an hours chat brought out some
such facts as these. The Captain is talk.
ing:
Eyes, it is true we have
WHARF AT REDoNDo BEACH,
"And it is true that the Pacific Coast
Steamship Company's vessels are to
stop there on their trips up and down the
Coast. No, it is not true that only the
smaller vessels will touch at our wharf
For the current month about one steamer
week will call there, but after
March 1st, Redondo will be put on the
regular schedule, and all the steamers will
call. There is plenty Of water, 90 feet,
right alongside the wharf at low water
The wharf is 900 feet long, there are two
tracks on it, SO that vessels can lie along
side and discharge right into the cars.
There is no lightering, no rehandling on
the wharf or elsewhere. We are at least
two hours nearer Los Angeles than any
other shipping point on the Coast. Pas
sengers coming from San Francisco will
be in the city two hours time ahead of
those who land at San Pedro. Those 60.
ing to San Francisco may remain here
two hours longer than if they were to
take the steamer at the old place. Be.
sides all this we have an ample supply
OF fresh water on the wharf which can
be put into ships hold without any
pumping or other trouble.
''To get this water we put in twenty
four wells near the old Truedell salt.
works. There is one of the finest pun ps
made at work forcing the water
to level sufficient to supply the wharf
and the whole townsite. In spite of the
immense capacity of this pump it is an
absolute impossibility to make the
slightest impression on the supply ol
water. 1t is practically inexhaustible.
It is of the softest, sweetest quality and
perfectly pure. 1t is piped in the best
cast-iron pipes, and the mains are of six
inches diameter. So much for the
harbor. We have bought one ol
the strongest and most efficient
tugs on the Coast. This vessel left San
Francisco this morning and will be here
in a couple of days. When she arrives
we shall be ready to handle and dock
any ship that desires to made landing.
Here we are, then, ready to do business
at once. We are asking for part of the
business of this community, we are pre-
pared to perform all we undertake, we
can offer facilities superior to those pos
sessed by any of our competitors. /
think we will not be disappointed in our
expectations.
AS A SEASIDE RESORT