Los Angeles herald., 1891-05-24

while creating poetical homes for them
selves. In the eastern states when a
man plans an ideal country home he
knows that his expenses will be bound
less, and that it is very open question
as to whether he will ever get even
fractional part of it back. When his
friends learn that he has embarked on
a scheme of fancy farming, they shrug
their shoulders and indulge in great
deal of good humored raillery when his
back is turned. And they are justified
in this little pleasantly by the TACT that
these ideal homes in every instance in
volve unlimited outlay and very limited
Here we have the ideal with every
charming suggestion of classical and
biblical narrative, and an extravagant
interest on the investment besides.
This fact is bringing us large and
most desirable class of settlers.
The orange carnival is doing its per-
feet work in sending to Los Angeles
myriads of people well equipped with
coin, who are enamored of the idea Of
growing the orange, lemon, lime, pome-
granate, olive, and hundred other
staples which are here highly profitable.
They hear accounts of the exceptional
delights and profits attending the
growth OF these eclectic products of the
earth, and they desire to go and do like
wise.
The railway situation of Los Angeles
is most interesting. A number of lead
ing and well-heeled capitalists, at the
head of whom are the Messrs. .Kerens and
Hobart, of st. Louis, are giving us a ter
minal railway system, at an outlay of
three millions Of dollars. They are deter
mined to add to this great gift the COM
pletion of harbor improvements at San
Pedro which will make that port one of
On the coast
Then the Belt Electric railway people
are by no means to be overlooked. 1t is
now pretty well understood that the
Southern Pacific railway is behind this
movement, and the three or four mil
lions of dollars which it will require be-
fore completion will come quite readily
from inexhaustible reservoirs.
Above all is the era of energetic and
persevering production, which will be
capped by railway connecting us with
Salt Lake City, which is really behind
the plans of the Terminal railway COM
pany and the plans OF the Messrs. Ker-
ems, Hobart and their associates. Never
in the history of Los Angeles county
has our soil demonstrated its matchless
fertility in more varied and remuner-
alive torms than in the present year OF
grace, 1891. There is no limit to the
fecundity OF of-ouracres, or to the moneyed
returns which will result from their in
telligent and industrious exploitation.
Naturally, under such conditions, a
veritable boom of production and devel-
opment-not speculative boom--has
set in. The transactions in real estate
are increasing, at improving prices, and
they are reported from all sides. This
applies both to country and to city
property. On Spring street the old
boom prices have been nearly regained,
and it is by no means a speculative
movement, or engineered by specula-
tive people. The fact that the Gable
road and Belt Electric systems will come
to within block Of each other at this
portion of the city cannot fail to stimu-
late values. But the upward tendency
is observable at every point of Los An
geles where progressive spirit pre-
walls.
The fact is that Los Angeles is today
the most interesting point for invest
ment in the United States. All the other
great rivals of this city, from Denver to
Portland, Tacoma and Seattle, are today
the victims of over-speculation. There
is positively no money to be made for
years to come by investments in real
estate at the inflated prices which pre-
vail in all of them. Fortunately for us
the prices of real property here, both city
and country, are abnormally low, as is
natural after emerging from depression
which had lasted three years and a half.
A man with his eyes shut cannot fail to
make money in Los Angeles city and
county now, go where he will.
Then we have plenty of room for the
enterprising spirits who have failed to
find their hopes realized in Salt
Lake City, Denver, Tacoma, Port
land, and other ambitious but
overdone settlements. Let them
come here and assist in developing a
region of untold capabilities. There is
not line of human activity in which a
brilliant opening does not lie before an
enterprising and resourceful man in Los
Angeles county. She has already started
on the up grade, and excelsior was never
more clearly written on any section than
it is on this at this writing.
Our latchstring hangs out. Here is
the place to make money, ideal homes,
health and happiness. Chicago and Los
Angeles are the two places set apart for
the most magical growths in the next