The herald., 1893-05-21
Of Various Things and Features
Of This Part Of the State.
4 Great Country for Investors Bar
ring Few Little Freaks.
Southern California Possessed OF Advan'
tages shared by No other Portion
OF the GIobe-The Railroad
Situation-The isanks.

AHEu OhO tWO cav dOWh w C1JSl e--~
GRANGE of their Havanas, and here are
Home of the things the colonel .ejscu-
lated at the scribe between puffs:
II hear, colonel, you are here in the
interest Of some eastern capitalists, and
have several barrels on hand to be
tapped"
"Well, yes, directly and indirectly,
but | find some peculiar conditions in
regard to the prices Of property. They
sesm to be neither solid nor uniform.
This want OF stability creates an unoer-
tainty in the minds OF would.be spur-
casers. For instance, piece OF ranch
property in the immediate vicinity of
Los Angeles was recently inspected with
a view OF purchase by an eastern syndi-
cate, and price of 100000 was made
on the same. AS the bargain was about
to be closed the price was suddenly
raised to $320,000 This is grave mis-
take, and tends to dishearten the would
be purchasers. 1t seems to me that If
the people, in this immediate vicinity
wish to sell their properties they should
fix price and adhere to it,"
"What do you and your friends think
of Southern California as q field for in
vestmentY"
"Well, sir; it seems to have many adj
vantaees not possessed by any other
amount OF given territory in the United
States. 1t seems to me, after q careful
consideration, extending over six years
of visits to this section, thaG it is the
natural sanitarium for the American ma
tion. One has to 90 but very short
way in the investigation of the health
OF the eastern states, and their monied
accumulations. to find thousands OF men
who have amassed fortunes and, in do
ing so, have become weary in mind and
body, and who are looking for place OF
rest in Southern California. But they
expect reasonable encouragement from
the people here. And for the want of
their encouragement millions OF capital
has been withheld, If your leading
men and bankers will wake up to a re-
alizRtion OF the situation, and lend their
assistance, predict that the immediate
future OF Southern California will far ex-
ceed the hopes OF the most sanguine.
You have abundance of water without
any definite plan for its development.
There is practically an unlimited amount
of capital waiting for investment in this
direction, if acreage property can only
De obtained at reasonable prices, based
upon the competency OF the land to pay
dividends"
"How are the rates OF interest on the
Pacific coast as compared with the
east?''
'.They would seem excessive, but,
when we. take into consideration the
severe depression which followed the
hsom OF 1873, one cannot but give
CT. dit to the able manner in which the
backs OF Los Angeles were managed.
But that is now thing of the past, and
the law OF evolution has brought about
iaenetary circles OF Southern California
'cctpt. While your banks are sound,
ey seem to lack that progressive spirit
peenired to give a new stimulus to the
j.. eHed enterprises OF today. Good
teeufities. which 90 begging in this
market, are readily taken in the east
and Europe, all Of which accrues to the
benefit OF the country"
"What do you eastern people think OF
our railroads and the cost of transporta-
tion ?''
81 am better acquainted with the
Santa Fe system and some OF its officers,
and can safely say that the. late Preei-
dent Marvel was without doubt the best
friend that Southern California ever
had, appreciating. as he did, every nor
NAL condition and inevitable future de-
velopment OF this section. The progress
eive spirit OF the Santa Fe is commended
by the entire east. The excessive cost
OF transportation has, without doubt, re-
tarded the growth of California, but the
present Reorganization would indicate
continued lower rates"
''What influence will the construction
OF the Nicaragua canal have upon the
commerce of the Pacific coast ?'
ut will give it an impetus so great
that some OF the natives will be utterly
confused 1t will do away with many
monopolies which have been the bases
OF just complaints"
How is the Chinese question viewed
from an eaetern standpoint"
"They are waiting No see whether the
president has moral courage or not to
enforce q law which has been decided
constitutional by the highest court OF
the land. Their presence in California
will retard rather than encourage in
vestments in the state"
What do you think of our new
United States senator, Hon. Stephen N.
Whte?"
''He is considered man of marked
ability, coupled with sterling integrity,
OF which the state and nation may we'll
be proud"
What effect will the tardy methods
OF the California managers have at the
worlds fair in being go far behind with
the state exhioit?"
Il think it is to be regretted. Its ef-
feet will be bed"
The Havanas were finished, and with
pleasant parting the scribe hisd away
TO Jot down the items while they were
fresh.