Los Angeles daily herald., 1889-06-05
The section Is Not Failing Back

An impression has prevailed here
abouts that there was an actual retro
grade movement going on in this city
and in the surrounding section. This is
an utter mistake, although the press
of the upper country and that OF the East
have very industriously and generally
given currency to that view. There has
been cessation of the wild rush of real
estate speculation which, in certain
lines, was not only a mistake, but a
detriment to the true interests of legi-
innate enterprise. In the natural re-
action from this wild speculation the
value OF good property has been some
what affected, and prices have gone be-
| low the intrinsic worth Of the realty.
But in most other lines OF enterprise
there is a very satisfactory volume OF
business being done. There is great
deal of building going on all over the
city, and much improvement is being
made in all the country towns, while the
work of developing the resources of the
county, in fruit, grains and kindred lines
| is making quite satisfactory progress.
There is room for much larger measure
of improvement here. There are
industries and enterprises in which
not even the initial steps have
have yet been taken, but where great
gaius await those with pluck and fore
sight to step into them.
That there is no retrograde motion
here is fully proven by the results OF
taking the school census, the details OF
which were made public on Monday
morning last. The difference in the num-
Der of school children between this year
and last is only 1S5. The figures are, for
1889, 10, 1856; for 1887, 10.970. 1t is quite
true that good many people have gone
away from here during the past spring
but hardly more than 60 every
spring. This is winter resort where
thousands of people come in the fall,
and from which they return to their
homes in the spring The school census
shows that there has been no diminution
of our present population worth speaking
of in the city; while if We turn to the
country generally, it appears that there
is at nearly all points large increase in
the population. Anaheim probably
heads the list with an increase of over As
per cent. in her school children
but all over the country, with
very rare exceptions, the rule of increase
holds good, and in very notable ratios
1t is not an unhealthy sign, from any
point of view. to find the country grow.
ing a little more rapidly than the city
The time for the city will come duly,
Her roots are in the country, and what.
ever progress is made there this year
will show itself in renewed growth here
next year. Turning from the matter ol
population to that of financial strength,
and the aspect of affairs is quite as
healthy. The county has recently Of.
fered for sale 100000 in bonds for the
erection OF the new Courthouse. There
was good deal of competition for these
bonds, showing that there is a good deal
OF confidence in the stability of this
community. An Eastern syndicate Of
fered premium of 5000 for the bonds
which is only about half of one per cent
There were other bidders, and the State
Commissioners of California, in whose
hands the educational funds are placed
we're amongst them. The States bid
was at the rate of two per cent. premium.
In all respects matters are shaping
themselves excellently in accordance with
the brilliant future that lies before Los
Angeles and Southern California.