Los Angeles herald., 1891-02-08
SUNDAY, FEBRUARY 8. 1891.
THE COMING DECADE TO sURPAsS THE
LAST.

LAST.
That the remarkable development
which has characterized Southern Cali.
fornia during the past decade will be
equaled or exceeded in the coming ten
years does not admit of any doubt, in
our opinion. OF course you cannot dc
as much with a population of fifty thou
sand as you can with one of ten thou
sand. We can scarcely expect to see a
city of half a million people here in 1900
because we swelled the H. 800 popula-
tion OF 1880 to so, 1876 in 1890. Cities of
five hundred thousand souls are matters
of slow growth. Even Los Angeles may
demand two or three decades for the
evolution OF metropolis of such magni-
tude.
What we believe, however, is that
ratios of development commensurate
with those of the past will still be re-
corded. The city of Los Angeles may be
content to claim, ten years from now, a
population of only one hundred and
fifty thousand. That, of course, will
not equal in arithmetical progression
our strides of the past ten years, but it
will nevertheless be miracle of growth,
and one which is pretty sure to be
chronicled.
In the established centers of popula-
ton it will require more money than it
did ten years ago to make money. None
of the phenomenal enhancements of the
past ten years will be recorded in the
central portions OF the city, for instance.
There is no earthly danger OF the Bry-
son-Bone brake block being worth ten
years from now ten times as much as it
is today. Such improvements, if they
retain their status as yielders OF steady
and satisfactory revenue, are not ex-
pected to do any kite-fying. They are
sagacious and conservative investments
which are expected to pay for the M
selves in a decade, and to remain pro-
fitable for third ola century thereafter.
Nevertheless, there will be sections OF
the city of Los Angeles in which the
old time magical enhancements will be
recorded. They will be largely on the
outskirts. They will be created some
times in day, by the development of
intelligent schemes of local improve
ment. An electric railway extended in
certain directions may be the means OF
this growth and enhancement. Lots
that were worth only S. a
front foot may suddenly become
worth $50 or more front foot.
The caprices OF fashion will also
count for much. With the immense in
rush OF wealthy people that is certain to
characterize Los Angeles in the near fu-
ture, regions like Vandeventer place in
st. Louis and Euclid avenue in Cleve-
land are certain to spring up, and such
developments mean fancy prices in real
estate.
But where certain, rapid and remark
able enhancements are sure to be re-
corded are in the subdivision OF our
large ranches, and the heavy settlement
which will follow On the heels OF such
subdivision. Under an intelligent plan
which should develop its available water
resources, the Laguna ranch ought to be
the scene OF great accretion OF real es-
tate values. Dropping into What was
once Los Angeles county, and which is
now known as Orange county, the San
Joaquin ranch ought to furnish an other
example of how substantial and endur-
ing values can be created by the inrush
OF investors. Anaheim, Santa Ana,
Orange and Placentia have shown in
the past what can be done by
the allotment of land in small
parcels to enterprising settlers.
That this thing can be done again, and
with equal facility, goes without saying.
What was done in a country compara-
lively without railways, and at time
when the whole southern section was
dependent for market on San Fran
cisco, can surely be done with greater
celerity, and with more satisfactory re-
suits, when this section has been
brought to the very doors OF st. Louis,
Chicago and the whole east, and at a
time the whole region is practically
gridironed with railways, and many of
them OF transcontinental Importance.
Turning toward the ocean, in the
direction of Wilmington, Long Beach,
Redondo. Ballona and Santa Monica,
equal possibilities of rapid enhance
ment i'll real estate investment exist.
These lands. in the main, especially in
the Cahuenga foothills, are capable of
the whole continent with the
most remunerative specialties known
to agriculture, horticulture and truck
gardening. That a great population is
certain to gather between the city OF
Los Angeles and the ocean is as reliable
as the beating OF the tides on our shores.
1t is well accredited principle OF politi-
cal economy that where population in
creases 100 per cent. real estate
values are certain to enhance threefold.
IN many places in this stretch OF terri