Los Angeles herald., 1891-01-10
sATURDAY. JANUARY 10. 1891
THE TURN OF THE TIDE.

THE TURN OE JhE
No man of sense can possibly doubt
the future OF Southern California. 10
do go would be to give the lie to COM
mon sense and to the lessons OF the
past. The growth of this region has
been phenomenal, but there has been
ample justification for it. The only
wonder is that it did not materialize at
far earlier date.
The facts should be steadily borne in
mind that Los Angeles county is Nice,
Mentone, Cannes, and the other health
and pleasure resorts of Europe, COM
bined, with the ability to grow anything
on the footstool, with the exception OF
few distinctively tropical products. This
alone should make Los Angeles flash
ing city. To great extent it has done
SO already. There are more handsome
houses in Los Angeles, occupied by per-
sons of means, than in any other place
of it's size on the American or any other
continent. They are scattered over thir-
ty-six square miles, but they can be
readily discovered by those who take the
trouble to go around the city. These
splendid homes represent in many cases
persons who are independent OF busi-
ness, and this class will be steadily re-
cruited. The sixty-fve millions of the
people of the United States embrace
several hundreds of thousands who can
afford to live where the physical condi-
tions of life are delightful, and Los An
geles is sure to get fifty thousand of
them in the next ten years.
As an actual fact, cleaned from rail-
way authorities, no people are now leav-
ing Los Angeles, while there is a steady
influx of eastern visitors, many OF whom
intend to be settlers, and others of
whom are bound to develop that inten-
ton on an examination of the manifold
attractions that exist here. In a few
weeks the west bound travel will pick
up amazingly, or.all the HERALD's ad-
vices are at fault.
The tone of the eastern press has
changed of late in most surprising
manner. This change has been brought
about by the prodigious boom in
production which has signalized
this section for some years past.
Every reader of newspapers re-
members that, towards the close of the
year 1SS7-the elimination of the boom
all the eastern papers were filled with
articles depreciatory of Southern Cali
fornia. Statistics giving the indebted
ness of the section were laboriously COM
piled and scattered broadcast. An un-
precedented collapse was predicted.
One would have thought that not a
single mercantile house or solid man
would have been left when this indebted
ness should fall due.
That was three years ago. The indebt-
edness had really attained the colossal
figures painted in the eastern press. In
some way or other it has been met.
Even amongst real estate dealers there
was only one failure, and that was OF
plunger Webster of Pasadena. Not
single mercantile firm of Los Angeles
has gone into liquidation. They all
proudly raise their heads today, solvent
and reliable. Since the eastern press
began to write us down we have taken to
work and to the ways of economy. Three
wears of staunch effort have again put
us on our feet. We have demonstrated
that the boom of production can be
many times more profitable if less gilt
tering than a real estate boom. And
yet our acre real estate has benefited,
because we have '" what it j. worth
= figures G. us in the market
figures, at least,
"ircumscribed dis