Los Angeles herald., 1891-07-09
ON THE EVE OF GREAT ThINGs-A SOLID
COMMUNITY.


that number OF a publication which has
been OF special value to this section. we
said that the turning point in a move
ment of development which would not
stop until miracles of enhanced real
estate values had been recorded, would
take place in July of that year.
Seldom was a prediction more start
lingly verified. The change took place
precisely at the time indicated by the
HERALD, and it never rested till the cul
mination of the boom, in 1887. In the
early spring months of this year this
journal repeatedly said that during this
current July history would repeat
itself, and it is doing so now.
Precisely such movement as
took place in July, 1880, is under way
now. Real estate is hardening in value;
and fortunately for Angelefios, and for
the durability of the era of prosperity
that is about to set in, it is doing so on
actual production. 1t will 60 on with
regulated but irresistible step until the
close of the Columbian exposition, when
the movement of settlement towards
Southern California will be colossal in
its proportions.
Even now there is remarkable cur
rent of settlement flowing all over
Southern California, and particularly in
San Bernardino and Los Angeles coun-
ties. tbs recruited from all portions. of
ho TTrsRaI 10 hut 70
that vast numbers of people from
the Pacific coast and territories
are setting up their Lares and
Penates here. This movement is going
to increase greatly during the fall and
winter The HERALD has certain evil
dence that great numbers of people in
Washington, Oregon, Utah, Montana.
Colorado and even New Mexico and
Arizona are contemplating migration
to Southern California. The advance
guard is already here. Though there is
said to be some difficulty in disposing OF
property in the distinctly northwestern
states, such as Nebraska, Iowa and
Missouri, immense numbers of people
from those states are perfecting arrange
ments to make this region their lasting
city. In the eastern states there are
multitudes of people who are indepen.
dent OF the fluctuations of real estate
values, and who are determined to come
here and live, on considerations of eli.
mate alone.
As result of this widely ramifed
movement, one can 60 to scarcely any
section Of Southern California without
finding great numbers Of intending set
tlers'who are carefully looking over the
ground AS a general thing mid-sum-
mer, from the point of view OF invest
ment in real estate, is dull indeed.
This is by no means the case this year.
The sagacious investor is abroad-the
man who knows on which side his bread
is buttered. He realizes perfectly that,
in country in which the agencies of
development are multiplying with the
rapidity that characterizes Los Angeles,
the summer is the time to make his in
vestment. On lands bought now the
investor is sure to reap profit of from
fifteen to twenty-five per cent before
midwinter.
The reader may ask if the HERALD is
designedly encouraging "boom." We
answer unhesitatingly that we are. This
time it is the boom of production.
People now know what they are about.
The immense investments of foreign
capital in such enterprises as the Los
Angeles Gable railway, the Belt Electric
railway, the Los Angeles Terminal rail-
way, the building of a splendid new
city hall and cours house by the people
OF the city and county of Los Angeles,
the erection of such superb business
edifces as the Bryson-Bonebrake block,
and many other enterprises OF great
pith and moment, all since the
so-called bursting of the boom,
show very forcibly that this Sec
ton sustained no real injury by
the arresting of the super-heated real
estate excitement which reached its per-
ihelion in 1887. Since the millions of
capital from abroad have gone into the
solid work of development in Los An
geles, and this section has never stood
so we'll as it does now. The fever has
left our blood, but the bounding pulse of
wholesome vitality never throbbed so
strongly in our veins as it does today.
tits clearly seen by level-headed people
that the figures at which the exception
ally valuable lands of Los Angeles coun-
ty are now held involve great bargains
to the buyer.
1t is true that the real estate transac-
tions show no wild and hectic move
ment. Better so! Today there is no
swapping of jack-knives. Every sale
that goes on the records is in good faith,
and the purchase is not to be traded off
again within the next twenty-four
hours. The man who buys now in the
city does 80 to improve his property,
and when he buys in the country he
does 80 in order to join the great army
of producers. There has not been in
the history of Los Angeles healthier
condition of things than exists here
today. Business, also, has become en-
ergized and profitable. If ever any
community succeeded in plucking the
flower safety from the nettle danger, the
latter in the form of over-speculation IL