Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1889-02-16
PAST AND PRESENT.
Sacramento's Permanent Growth an
Prosperity and Assured Future.

Sacramento's Permanent Growth and
Prosperity and Assured Future.
William II. Mills, who for SO many years
was resident of this city, and identified
prominently with lis growth and pros
perity, and who, while resident, mani
tested that interest in the growth and
prosperity OF the city which he is now
maniiesting in the prosperity of the State,
has rec entity, after an absence of about five
years, broken only by an occasional flying
trip, been visitor here on two occasions
His recent visits have afforded opportunity
for driving about the city, and by the
courtesy of the Mayor, visited the newer
portions of the city, reviewed the new
buildings and new enterprises which have
grown up in the period named. He
says the residents of place are perhaps
the least qualified to judge of the progress
made. He found the highest and most
satisfactory evidence of the broadening of
community life, and based upon the most
solid foundation. In recent interview
with representative of this paper he said :
I am very recently from the boom Sec
ton of California. II has been my con-
viction that inflated prosperity is always
eventually check to permanent growth
High values in real estate are referable 10
competition as between purchasers low
values to competition between sellers. The
boom condition of few years since in
Southern California was produced by a
state of competition between purchasers
which necessarily advanced prices to a
point beyond real values. Quotations of
values surpassed real enhancements. In
that period, it is now well understood, that
people paid too much for property.
The opposite error is now set up. Com
petition among sellers has driven prices
below where they should be; that is, the;
quotation of prices is below real enhance
ment. There will be revival Of apprecia.
ton in Southern California, because there
is very high intrinsic merit IN that coun-
try. Ii is just as thoughtless and unwise
TO sell real estate during @ panic as to buy
it in a boom. Outside of the cities of Los
Angeles, San Diego and Santa Barbara,
values have been very greatly reduced. but
in those cities prices are well maintained,
and yet are lower to-day than merit would
justify. 1t is fallacy of the human mind
TO buy when all others are buying and to
sell when Others are selling. And yet il
should be obvious to the meanest capacity
that values discount the future in the for
mer condition and descend to abnormaily
low tide in the latter condition.
1t is the one good fortune of Sacramento
that it never had a genuine boom. II has
experienced some spasms of imitation. but
fortunately il has never experienced the re-
dictionary condition. The early Inisfortune5
of Sacramento, by flood and fire, has al
ways exerted a depressing tendency upon
the value of her real estate The inevita-
Die result of this condition is TO exhibit a
growth which is fully and clearly demanded
by the supporting conditions. Whatever
exists in Sacramento, therefore, is &C.
manded by the fertilization of commercial
forces here. In newer communities, and
communities whose growth is the result of
advertising the visitor is never sure no Y
much of apparent prosperity is due 10 the
attempts at discounting the future
One familiar with the history and the
exigencies through which Sacramento has
passed, and also acquainted with The
splendid energy which has made the name
OF the city synonymous with enterprise
and high achievement, does not hesi-
tate as TO conclusions in this direc-
tioD. Whatever the well-infornneti
visitor sees, he feels sure is the outgrowth
OF underlying forces, and that it exists
in obedience to demand. 1t may therefore
be said with less danger OF mourning the
accusation OF Hattery concerning Sacrs-
mento, than with any other city in the
Stste, that the growth and prosperity it ex-
hibits to-day is permanent, and is sup
ported and is to be supported, by forces as
real as the most constant forces Of
nature. The growth of its suburbs is
matter of most pleasant surprise to one
familiar With every nook and corner OF its
past features. Tbegrow th of the region ofthe
southeast portion of the city is particularly
pleasing. The region is high, slightly and
open, commanding the Sierra Nevada and
Coast Range and the surrounding country.
The extension of the srborage, which has
always been pleasing feature of Sacra-
mento, will make this section by far the
pleasantest portion of the city.
tits afact, observable in all cities, that the
location of its latest growth always achieves
the highest and completest elegance Re
cent observation in many OF the Eastern
cities is fully coDfirniatory of this fact The
newer portions of st. Louis far surpass the
old aristocratic neighborhood of Csroudo-
lot. The new fashionable quarter OF Buffalo
is ceDspicuously superior in elegance TO
older portions, which ten or twenty years
ago held prominence among the aristoc-
racy. Even the far-famed Eaclid Avenue,
VI SltFSihuu, ilnuS It's Most eAegant ana re-
fined expressions IN that part most recently
The newer portions have the !
advantage OF uniformity In the newer
growths OF cities there is eoacensus of
action as 60 the improvement of grounds
and Surroundings. not possible of achieve
ment in thei= earlier history
Commercially, Sacramento has made |
rapid strides. She has maintained her old |
position of psimacy and as the center of |
distribution. Eer manufactures have kept I
pace with the otiser elements of progress. |
Her newest pIscs of worship is perhaps the
most effective piece OF ecclesiastic archi-
lecture upon the coast
In all respects, concluded Mr.. Mills, the |
OF prosperity here are well cslcu-
ated 10 produce in the minds of the old /
-esidenss revival OF that affection which
Ill old residents will ever entertain to-
yards this CITY